FinanceTop StoriesForeign investment in Germany remains stable despite stagnation threatGBO CorrespondentMay 30, 2023May 30, 2023 GBO CorrespondentMay 30, 2023May 30, 202301170 Except for the Intel investment, announced investments surpassed the 2021 outcome by one billion euros, totalling 8 billion euros
EconomyTop StoriesSaudi Vision 2030: A closer look at PIF’s role in driving Saudi’s economic transformationGBO CorrespondentMay 29, 2023 GBO CorrespondentMay 29, 202305440 The Public Investment Fund is a sovereign wealth fund established by the Saudi government
Real EstateTop StoriesDubai’s DAMAC unveils new cluster MoroccoGBO CorrespondentMay 29, 2023 GBO CorrespondentMay 29, 202301165 DAMAC's Senior Vice President Niall McLoughlin stated that the new cluster is designed to bring details of the facades to the lush landscapes to life
EnergyTop StoriesGo Green with GBO: UN research presents silver line for 80% reduction in plastic wasteGBO CorrespondentMay 26, 2023 GBO CorrespondentMay 26, 20230987 The UNEP is receiving criticism for advocating the burning of plastic waste in cement kilns
EconomyTop StoriesDubai’s debt burden set to decline in 2023GBO CorrespondentMay 26, 2023May 26, 2023 GBO CorrespondentMay 26, 2023May 26, 202301248 S&P anticipates Dubai's real GDP to grow by roughly 3% this year, down from estimates of 5.0% in 2022 and 6.2% in 2021
Real EstateTop StoriesMeet SRC, the company driving Saudi’s housing sector by leveraging secondary mortgage marketGBO CorrespondentMay 25, 2023May 25, 2023 GBO CorrespondentMay 25, 2023May 25, 202301661 SRC provides capital and risk management solutions to lenders, including purchase without recourse and liquidity and hedging solutions
TechnologyTop StoriesSamsung not planning to switch from Google to BingGBO CorrespondentMay 25, 2023 GBO CorrespondentMay 25, 20230894 In April there were reports that Samsung was considering switching from Google to Bing as the default search engine on Galaxy phones
Real EstateTop StoriesBahrain’s real estate values to face growth slowdown?GBO CorrespondentMay 25, 2023 GBO CorrespondentMay 25, 202301756 The Survey and Land Registration Bureau data show that the value of real estate transactions increased by 17% YoY in Q1 2023 to BHD 243.1
Real EstateTop StoriesMENA Watch: Boom in real estate transactions propel Oman’s economyGBO CorrespondentMay 24, 2023 GBO CorrespondentMay 24, 202301652 The Oman inflation rate dropped to 1.6% in March 2023 from 1.9% the previous month, the lowest monthly since June 2021
Banking and FinanceTop StoriesGermany’s second-biggest lender Commerzbank’s profits soar on higher interest ratesGBO CorrespondentMay 24, 2023 GBO CorrespondentMay 24, 202301450 Commerzbank said quarterly revenues fell slightly to just under 2.7 billion euros, from 2.8 billion euros in 2022