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GBO CorrespondentJanuary 29, 2020

UK gives nod to restricted 5G presence of Huawei

GBO CorrespondentJanuary 29, 2020
The Chinese telecom giant would however, not be permitted to foray into...
5GBelgiumBoris JohnsonChinaEuropean UnionHuaweiNational Security CouncilTelecomUnited KingdomUnited States
GBO CorrespondentJanuary 29, 2020

Sunseap obtains S$50 million from Temasek, ABC World Asia for solar schemes

GBO CorrespondentJanuary 29, 2020
Credit Suisse Singapore and DBS Bank performed the role of financial advisers...
ABC World AsiaAsiaCredit Suisse SingaporeDBS BankenergySingaporesolar energysolar projectsSunseapTemasekUOB’s U-Solar programme
GBO CorrespondentJanuary 29, 2020

European Union incurs loss of €170 billion a year due to tax evasion

GBO CorrespondentJanuary 29, 2020
Netherlands and Ireland are the biggest tax shelters in the EU, while...
EconomyEuropeEuropean UnionFinanceGermanyNetherlandsPolish Economic Institutetax avoidancetax evasionthe United KingdomVAT fraud
GBO CorrespondentJanuary 29, 2020

In Indonesia, debit card spending may surpass credit card spend in 2019

GBO CorrespondentJanuary 29, 2020
Digital payments may leap from Rp639.9 trillion to Rp821.2 trillion between 2019...
Bankingcredit cardsDBS BankDebit Cardsdigital bankingdigital paymentsFinanceGlobalDataIndonesiaPaymentsSingaporeSoutheast Asian bankingUnited Overseas Bank
GBO CorrespondentJanuary 28, 2020

RBS head considering eliminating thousands of jobs at Natwest

GBO CorrespondentJanuary 28, 2020
The bank currently has 65,000 staff across the globe, out of which...
Alison RoseBanksNatwestNatwest MarketsRoss McEwanRoyal Bank of Scotland (RBS)UK banking
GBO CorrespondentJanuary 28, 2020

Islamic banking sector in Turkey set for quick expansion

GBO CorrespondentJanuary 28, 2020
Since 2014, the Turkey has established three new government-controlled Islamic banks that...
Borsa IstanbulDubaiEuropean bankingIIFCInternational Financial CentreIslamic BankingIslamic bondsIstanbulLondonMalaysiaMiddle EastMoody’s Investment ServiceNew YorkStock ExchangeStock MarketsukukTurkey
GBO CorrespondentJanuary 28, 2020

IMF calls upon Kuwait to speed up reforms, levy taxes

GBO CorrespondentJanuary 28, 2020
Ever since crude prices plunged in mid-2014, Kuwait has been severely affected...
BahrainCrude OilGulfInternational Monetary Fund (IMF)KuwaitMiddle EastOPEC memberReformsSaudi ArabiasubsidiesTaxesUnited Arab Emirates (UAE)
GBO CorrespondentJanuary 28, 2020

Morgan Stanley introduces CashPlus account for its affluent clients

GBO CorrespondentJanuary 28, 2020
Possessing a CashPlus account at Morgan Stanley enables the clients to have...
CashPlus accountExperianInvestment BankingMorgan StanleyPlatinum CashPlusPremier Cash Management schemePremier CashPlusSIPC and FDIC protectionUS investment bankWealth Management
GBO CorrespondentJanuary 28, 2020

BIS says more central banks may seek to launch their own digital currencies

GBO CorrespondentJanuary 28, 2020
According to the BIS study, around 20 percent of the 66 central...
Bank for International SettlementsBanksBitcoincentral bank digital currenciescentral banksCryptocurrencyCurrencydigital bankingdigital currenciesdigital currencyEuropean UnionFacebookFinanceJapanLibraUnited Kingdom
GBO CorrespondentJanuary 27, 2020

Ericsson involved in seven 5G launch deals in MEA region last year

GBO CorrespondentJanuary 27, 2020
The Swedish mobile networking giant signed 78 commercial 5G treaties with innovative...
5G5G networksBatelcoEricssonEtisalatMiddle East 5GMiddle East and Africa (MEA)MobilyMTN South AfricaOoredooSTCSwedenTelecomtelecom operatorsZain Bahrain
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GBO Apr-Jun 2025 IssueCURRENT
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Trump’s $2 trillion deals recast US-Gulf relationsBeyond the dollar signs, Donald Trump’s Middle East agreements are poised to reshape the region’s development trajectory…

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Oil slips as Kurdistan crude exports resume, OPEC+ plans output hike


US agrees South Korea not a currency manipulator, Seoul says


China’s BYD forecasts exports to top 20% of 2025 sales, SCMP reports

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