Banking and FinanceTop StoriesBank of Japan abolishes negative interest rates & unconventional economic policiesGBO CorrespondentMarch 25, 2024 GBO CorrespondentMarch 25, 202401657 The Bank of Japan set the overnight call rate as its new policy rate and guided it between 0-0.1% by paying 0.1% interest on central
EnergyTop StoriesGo Green with GBO: The secret behind China’s rise as EV powerhouseGBO CorrespondentMarch 22, 2024March 21, 2024 GBO CorrespondentMarch 22, 2024March 21, 202401501 China sells the most electric vehicles due to considerable government subsidies
Banking and FinanceTop StoriesSharp rise in digital theft: Meet the crisis haunting Tanzania banking sectorGBO CorrespondentMarch 22, 2024March 22, 2024 GBO CorrespondentMarch 22, 2024March 22, 202402539 Almost half of the Tsh10.3 billion in losses suffered by Tanzanian banks due to theft was made up of just under Tsh4.9 billion in total
TechnologyTop StoriesHundreds of Google Firebase websites suspected of exposing information onlineGBO CorrespondentMarch 21, 2024March 20, 2024 GBO CorrespondentMarch 21, 2024March 20, 202401863 Google Firebase is a backend service that provides cloud data storage and development tools for websites and apps
EconomyTop StoriesDubai leapfrogs Toronto, Sydney, & Lisbon as most liveable city for expatsGBO CorrespondentMarch 21, 2024March 20, 2024 GBO CorrespondentMarch 21, 2024March 20, 202401582 The report claimed that, at USD 3,894, Dubai's average tax-free salary is the second highest of all Asian cities
FinanceTop StoriesMENA Watch: Saudi Arabia’s startup ecosystem gains momentum amid Sudan conflictGBO CorrespondentMarch 20, 2024 GBO CorrespondentMarch 20, 202401668 UAE startups attracted 22 investments totalling USD 65.6 million, with Flare Network earning USD 35 million. Only two Egyptian businesses raised USD 4.6 million
EnergyTop StoriesEgypt sees plethora of renewable energy investmentsGBO CorrespondentMarch 20, 2024 GBO CorrespondentMarch 20, 202401154 Minister of Planning Hala El-Said said that Egypt's sovereign fund aims to position the nation as a regional centre for renewable energy
EconomyTop StoriesHow Egypt’s inflation will stand after currency devaluation? Study gives a sneak peekGBO CorrespondentMarch 19, 2024March 19, 2024 GBO CorrespondentMarch 19, 2024March 19, 202402226 Since December, the value of the Egyptian pound has significantly dropped on the black market, reaching a peak of 72 against the US dollar in
Banking and FinanceTop StoriesSaudi Arabia’s banking sector positive outlook will continue: Moody’sGBO CorrespondentMarch 19, 2024March 19, 2024 GBO CorrespondentMarch 19, 2024March 19, 202401737 Moody's stated that there will still be risk associated with the Kingdom's financial institutions' heavy reliance on government deposits and increased market funding as a
EnergyTop StoriesSaudi Vision 2030: A sneak peek into Kingdom’s blueprint for ‘Mining Sector Domination’GBO CorrespondentMarch 18, 2024 GBO CorrespondentMarch 18, 202403919 Saudi Arabia wants approximately USD 200 billion in mining investments by 2030 due to its USD 1.3 trillion mineral riches