12/29/2021
Saudi Central Bank’s assets go up by 2% in November to hit $504bln
Deposits with banks abroad was the main driver of this change as it rose by 19.9%
12/29/2021
Deposits with banks abroad was the main driver of this change as it rose by 19.9%
12/29/2021
“Cost inflation is impacting every part of the value chain, but is especially pertinent in the categories of transport and freight, and raw materials,”
12/28/2021
Fitch placed Doha Bank and other Qatari lenders on "rating watch negative" in October, citing increasing reliance on external funding and recent rapid asset growth.
12/28/2021
One area of particular focus was the support mechanism for small and medium enterprises (SMEs).
12/28/2021
Saudi Arabia is investing $220bln to transform Riyadh into a global city by 2030, and expects to attract a similar amount of investment from the private sector
12/28/2021
Supply chain, labour market and digitalisation topped executives’ list of concerns, survey shows
12/28/2021
More than half picked finding a new job as their top career-related resolution for next year, according to Bayt.com
12/27/2021
NBE’s customers deposits portfolio is valued at 2.3 trillion Egyptian pounds.
12/27/2021
The head of Norway’s wealth fund said that financial markets are set to experience weak returns in the next decade and that inflation is the main hurdle ahead.
12/27/2021
It was an accurate picture of extravagance and sheer luxury.
12/23/2021
According to Saudi Finance Minister, the MENA region’s largest economy is expected to post a surplus of $7.2bln in 2023 and $11.2bln in 2024
12/23/2021
Overall, the DHL Global Connectedness Index just declined very modestly in 2020 and is on track to rise in 2021
12/22/2021
This has made Egypt a favourite among emerging market investors since it undertook a wide-ranging reform programme under the auspices of the IMF in November 2016.
12/22/2021
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance.
12/21/2021
The revision of the Outlook reflects actual improvements in, and the expected evolution of, key fiscal metrics including government debt/GDP and the budget deficit
12/21/2021
The Bank of England raised interest rates last week in an abrupt U-turn. At the previous meeting, the BoE’s monetary policy committee had voted 7-2 in favour of no action.
12/20/2021
Villas in Dubai have exceeded expectations during the COVID era, but other Gulf markets have shown varied performance this year
12/20/2021
"Our banks will continue to use their resources to meet the financial needs of households and the real economy, within the free-market mechanism that operates with its rules,"
12/17/2021
The bank will also allow depositors to convert the Lebanese pounds they withdraw from their dollar deposits back into dollars also at the Sayrafa rate
12/17/2021
The bank has kept its lending rate at 9.25% and its deposit rate at 8.25% since November 2020