Banking and FinanceTop StoriesSaudi Arabia becomes part of China’s trial of yuan digital currency paymentsGBO CorrespondentOctober 24, 2024 GBO CorrespondentOctober 24, 202404403 As the digital yuan is having issues at home, a new trial is being conducted
FinanceTop StoriesMENA Watch: Polymatech Electronics invests USD 16.2 million in BahrainGBO CorrespondentOctober 23, 2024 GBO CorrespondentOctober 23, 202401528 Bahrain is seen as the gateway to the GCC and MENA regions, especially due to our direct links to Saudi Arabia through the causeway, which
Banking and FinanceTop StoriesGCC banks to see earnings hit by lower interest rates, says Fitch reportGBO CorrespondentOctober 23, 2024 GBO CorrespondentOctober 23, 202401462 Kuwait would have the highest average NIM sensitivity to a 100bp rate cut, followed by the UAE, Qatar, and Oman, according to Fitch's analysis of
EconomyTop StoriesBoost for Qatar’s tourism sector as inbound visitors see annual surge of 24.5%GBO CorrespondentOctober 22, 2024 GBO CorrespondentOctober 22, 202403472 In August, Qatar approved 721 building permits, which is an increase of 8.3% year over year
TechnologyTop StoriesApple gets much-needed good news from China amid ‘iPhone 17 Slim’ rumoursGBO CorrespondentOctober 22, 2024 GBO CorrespondentOctober 22, 202401490 Apple has launched its smallest tablet, the iPad Mini, with the A17 Pro chip enabling it to run Apple Intelligence
TechnologyTop StoriesSaudi Vision 2030: Kingdom aims for global logistics hub status by end of decade with tech investmentsGBO CorrespondentOctober 21, 2024October 21, 2024 GBO CorrespondentOctober 21, 2024October 21, 202401313 The collaboration with the PIF intends to advance operational excellence and spur growth in the logistics industry by utilising Saudi Arabia's position as a bridge
Banking and FinanceTop StoriesJPMorgan gets Kenya entry nod as US banking giant eyes Africa expansionGBO CorrespondentOctober 21, 2024October 21, 2024 GBO CorrespondentOctober 21, 2024October 21, 202404143 International markets have emerged as a key growth area for JPMorgan, which has more than USD 4.2 trillion in assets and operates in over 100
EnergyTop StoriesGo Green with GBO: France-Gabon ‘One Forest Summit’ shows promise, but troubled past lingers tooGBO CorrespondentOctober 18, 2024 GBO CorrespondentOctober 18, 202401051 The One Forest Summit was held just two years after the 2021 One Planet Summit for Biodiversity, also led by France
EconomyTop StoriesNew phase of strategic partnership, says European Commission chief Ursula von der Leyen on Gulf tiesGBO CorrespondentOctober 18, 2024October 18, 2024 GBO CorrespondentOctober 18, 2024October 18, 20240796 In creating what she called a 'new era', Ursula von der Leyen stressed the significance of the energy partnership
EconomyTop StoriesEgypt’s annual inflation rate slows to 26%GBO CorrespondentOctober 17, 2024 GBO CorrespondentOctober 17, 202401196 Egypt has tightened its monetary policies by USD 8 billion IMF financial support package signed in March