Gulf banks’ lending income rises to record USD 21 billion on high interest rates
Kuwaiti banks drove the expansion, with their net interest income reaching USD 2.05 billion, an increase of 6.3%, over the quarter
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MENA Watch: The evolving landscape of sports industry
World-class sporting events are widely available in the MENA region, which is well-known for its thrilling offerings
Tariff worry? China’s Geely-owned Polestar starts manufacturing activities in US
Polestar's production line expansion in the American mainland comes at a time when Europe and the US have imposed tariffs on EVs from China
Saudi GDP growth set to turn positive in H2 2024
Saudi Arabia’s terms of trade remain supportive, and with crude prices expected to stay around $80 per barrel, the external surplus should remain slightly positive
US considers breaking up Google after illegal monopoly ruling: Reports
Google is facing a second antitrust lawsuit from the US Department of Justice, which is scheduled to begin in September 2024
Saudi Vision 2030: Ushering in a new era for biotech & pharmaceutical industries
To be competitive in the global market, Saudi Arabia's biotech and pharmaceutical industries must push beyond national borders
UK economy watch: Inflation rises for first time since December
Earlier in August 2024, the Bank of England had stated that it anticipated that the consumer price index, which measures inflation, would keep rising and
Go Green with GBO: Charting Indonesia’s transition to a cleaner economy
Indonesia is Southeast Asia's largest economy, predicted to become the world's fourth largest by 2050, so its success counts
Oman’s real estate sector shows resilience and growth in Q1 2024
Oman's foreign assets increased to 7.37 billion rials by the end of May, according to preliminary figures released earlier this month by the NCSI
UBS to get rid of Credit Suisse’s real estate and mortgage businesses
UBS has agreed to sell Credit Suisse's US mortgage servicing business, UBS Chief Financial Officer Todd Tuckner announced recently, without naming the buyer