Egypt’s Central Bank maintains interest rates amid slowing GDP growth & inflation
Hard economic actions by Egypt were widely expected to be postponed until after the referendum
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GCC sees robust tourism growth
The tourism sector was expected to grow faster in 2023 than it did in the pre-pandemic travel and hospitality sector
Canada approves RBC’s deal for HSBC Canada
HSBC, formerly promoting itself as the local bank of the world, currently boasts over 130 branches and 780,000 clients in Canada
Go Green with GBO: The Abu Dhabi model of sustainable economic development
UAE's attempts to promote 'green economic growth' are centred in Abu Dhabi, with 1.56 million people and a GDP of up to USD 300 billion
Gender pay gap narrows in Saudi
In terms of non-Saudi earnings, non-Saudi female average salaries were higher than the sum of non-Saudi male average incomes
China faces new worry as banks sell off bad loans at record rate
During the January to September 2023 period, 60 billion yuan worth of bad loans were exchanged on the official marketplace for credit assets, a 61%
Airfares to Cairo decrease amid winter travel rush in MENA region
The average cost of the Kuwait to Cairo route has decreased by 62% when compared to the pre-pandemic average
MENA Watch: Oracle to provide AI training to 50,000 Saudi citizens
According to Oracle, Local talent will receive training and certification in the newest cloud-powered digital technologies
Is Sweden economically prepared for a real estate bloodbath?
Sweden, during the early 1990s, saw a financial crisis caused by its commercial real estate sector
Aramco’s AI push signals major market moves
Aramco wants to invest in ways that more accurately reflect its broad market reach and enable it to react to changes in the market more