FinanceTop StoriesSaudi Vision 2030: Kingdom invests in aquaculture & fisheries to meet domestic demandsGBO CorrespondentDecember 4, 2023 GBO CorrespondentDecember 4, 202304817 A recent cooperation with SALIC, which runs Saudi Arabia's Public Investment Fund, has accelerated this growth ambition
FinanceTop StoriesSaudi-based Kingdom Holding buys USD 450 million Citigroup sharesGBO CorrespondentDecember 4, 2023 GBO CorrespondentDecember 4, 202302816 In 2022, the Public Investment Fund, a state wealth fund in Saudi Arabia, acquired a USD 1.05 billion stake in Kingdom Holding
EnergyTop StoriesGo Green with GBO: Threat lingers upon MENA’s solar energy revolutionGBO CorrespondentDecember 1, 2023 GBO CorrespondentDecember 1, 202301439 Research shows that the Middle East's hot, arid areas, which have a lot of potential for solar energy production, are also the most susceptible to
Banking and FinanceTop StoriesFrom ‘Challenger’ to ‘Facing Challenges’: UK’s Metro Bank enters turbulenceGBO CorrespondentDecember 1, 2023 GBO CorrespondentDecember 1, 202302048 Metro Bank expects to take a lower-than-expected one-off restructuring charge of between 10 million pounds and 15 million pounds in 2023
EconomyTop StoriesInflation impact: Turkey’s central bank raises interest rate to 40%GBO CorrespondentNovember 30, 2023November 30, 2023 GBO CorrespondentNovember 30, 2023November 30, 202301507 Turkey's annual inflation dropped marginally to 61.36% in October from the nine-month high of 61.53% recorded in September
FinanceTop StoriesBank of Israel cuts growth forecast as Tel Aviv braces for economic hardshipsGBO CorrespondentNovember 30, 2023November 30, 2023 GBO CorrespondentNovember 30, 2023November 30, 202301477 Israel’s Finance Minister Bezalel Smotrich has now informed the media about the Benjamin Netanyahu government readying an economic aid package for those affected by Palestinian
EconomyTop StoriesMENA Watch: IMF issues roadmap for region’s inclusive growthGBO CorrespondentNovember 29, 2023November 28, 2023 GBO CorrespondentNovember 29, 2023November 28, 202301445 The IMF predicts a slowdown in MENA growth in 2023 due to various global headwinds
Banking and FinanceTop StoriesUAE banks witness strong profitability in Q3GBO CorrespondentNovember 29, 2023November 28, 2023 GBO CorrespondentNovember 29, 2023November 28, 202301518 UAE banks' impairment charges decreased by 11.7% in the third quarter when compared to the second quarter
FinanceTop StoriesItaly, France, Spain to ‘buckle up’ on debt: IMF chief Kristalina GeorgievaGBO CorrespondentNovember 28, 2023November 27, 2023 GBO CorrespondentNovember 28, 2023November 27, 202301357 International Monetary Fund chief Kristalina Georgieva flagged concerns for economic recovery in Europe
AviationTop StoriesSaudi air passenger complaints witness 41% decrease in October: GACAGBO CorrespondentNovember 28, 2023November 27, 2023 GBO CorrespondentNovember 28, 2023November 27, 202301704 Improving the aviation sector is essential for Saudi to achieve its goal of becoming a global business and tourism hub as outlined in Vision 2030