FinanceTop StoriesImportance of loan literacy: All you need to knowGBO CorrespondentJanuary 2, 2024December 26, 2023 GBO CorrespondentJanuary 2, 2024December 26, 202301103 Loan literacy is the skill of grasping the subtleties that govern financial instruments, not just knowing the terms of borrowing
FinanceTop StoriesItaly persistently advocates for relaxed EU budget limits despite high debtGBO CorrespondentDecember 29, 2023December 26, 2023 GBO CorrespondentDecember 29, 2023December 26, 202301459 Italy has no plans to significantly reduce its debt in the near future and plans to continue the battle to change the rules
Banking and FinanceTop StoriesEgypt’s Central Bank maintains interest rates amid slowing GDP growth & inflationGBO CorrespondentDecember 28, 2023December 26, 2023 GBO CorrespondentDecember 28, 2023December 26, 202301872 Hard economic actions by Egypt were widely expected to be postponed until after the referendum
EconomyTop StoriesGCC sees robust tourism growthGBO CorrespondentDecember 27, 2023December 26, 2023 GBO CorrespondentDecember 27, 2023December 26, 202301932 The tourism sector was expected to grow faster in 2023 than it did in the pre-pandemic travel and hospitality sector
Banking and FinanceTop StoriesCanada approves RBC’s deal for HSBC CanadaGBO CorrespondentDecember 26, 2023December 23, 2023 GBO CorrespondentDecember 26, 2023December 23, 202301842 HSBC, formerly promoting itself as the local bank of the world, currently boasts over 130 branches and 780,000 clients in Canada
EconomyTop StoriesGo Green with GBO: The Abu Dhabi model of sustainable economic developmentGBO CorrespondentDecember 22, 2023December 22, 2023 GBO CorrespondentDecember 22, 2023December 22, 202301438 UAE's attempts to promote 'green economic growth' are centred in Abu Dhabi, with 1.56 million people and a GDP of up to USD 300 billion
FinanceTop StoriesGender pay gap narrows in SaudiGBO CorrespondentDecember 22, 2023December 22, 2023 GBO CorrespondentDecember 22, 2023December 22, 202303993 In terms of non-Saudi earnings, non-Saudi female average salaries were higher than the sum of non-Saudi male average incomes
Banking and FinanceTop StoriesChina faces new worry as banks sell off bad loans at record rateGBO CorrespondentDecember 21, 2023December 20, 2023 GBO CorrespondentDecember 21, 2023December 20, 202302067 During the January to September 2023 period, 60 billion yuan worth of bad loans were exchanged on the official marketplace for credit assets, a 61%
AviationTop StoriesAirfares to Cairo decrease amid winter travel rush in MENA regionGBO CorrespondentDecember 21, 2023December 20, 2023 GBO CorrespondentDecember 21, 2023December 20, 202301501 The average cost of the Kuwait to Cairo route has decreased by 62% when compared to the pre-pandemic average
TechnologyTop StoriesMENA Watch: Oracle to provide AI training to 50,000 Saudi citizensGBO CorrespondentDecember 20, 2023 GBO CorrespondentDecember 20, 202301689 According to Oracle, Local talent will receive training and certification in the newest cloud-powered digital technologies