EconomyTop StoriesFederal Reserve reports growing uncertainty & bleak economic outlook for United StatesGBO CorrespondentJune 4, 2024 GBO CorrespondentJune 4, 2024 The Federal Reserve has maintained interest rates at a high level in...
Banking and FinanceTop StoriesFed unlikely to cut rates in 2024: Goldman SachsGBO CorrespondentMay 29, 2024 GBO CorrespondentMay 29, 2024 Goldman Sachs CEO David Solomon said that given the region's more sluggish...
Banking and FinanceTop StoriesSaudi banks’ money supply surges 8% in March 2024GBO CorrespondentMay 22, 2024 GBO CorrespondentMay 22, 2024 As per S&P Global, mortgage financing accounted for 23.5% of Saudi banks’...
Banking and FinanceTop StoriesFederal Reserve survey finds weaker loan demand, growing adoption of instant payment servicesGBO CorrespondentMay 13, 2024 GBO CorrespondentMay 13, 2024 Along with the possible weakening in the loan demand, the Federal Reserve...
EconomyTop StoriesHere is what Federal Reserve Chairman has to say about rate cut, US debtGBO CorrespondentFebruary 20, 2024February 20, 2024 GBO CorrespondentFebruary 20, 2024February 20, 2024 Although the Federal Reserve stated at the time that risks to achieving...
Banking and FinanceTop StoriesFollowing US Fed’s lead, MENA economies announce their latest move against inflationGBO CorrespondentNovember 7, 2023November 7, 2023 GBO CorrespondentNovember 7, 2023November 7, 2023 The MPC reiterates that the path of future policy rates remains a...
Banking and FinanceIssue 02 2023MAGAZINEBanking crisis: The effect and aftermathGBO CorrespondentJune 30, 2023June 30, 2023 GBO CorrespondentJune 30, 2023June 30, 2023 Banking crises are typically followed by slow credit expansion and GDP increases...
Banking and FinanceTop StoriesGlobal central banks continue to combat inflation in MarchGBO CorrespondentApril 7, 2023April 7, 2023 GBO CorrespondentApril 7, 2023April 7, 2023 The Fed and other central banks made clear banking troubles would not...
Banking and FinanceTop StoriesAmid banking crisis, Fed Chair Jerome Powell decides against relaxing monetary policiesGBO CorrespondentMarch 24, 2023 GBO CorrespondentMarch 24, 2023 Fed chair Jerome Powell has now called SVB an outlier that had...
Banking and FinanceTop StoriesSurveying the investor landscape for 2023GBO CorrespondentFebruary 15, 2023 GBO CorrespondentFebruary 15, 2023 The strong dollar has been a safe shelter for investors and the...