EconomyTop StoriesJapan’s wholesale inflation perks up, Yen rise eases cost pressureGBO CorrespondentOctober 15, 2024 GBO CorrespondentOctober 15, 2024 In March 2024, the BOJ eliminated negative interest rates and increased the...
Banking and FinanceTop StoriesGulf central banks slash interest rates following US Federal Reserve’s leadGBO CorrespondentSeptember 24, 2024 GBO CorrespondentSeptember 24, 2024 After hiking it 11 times in 16 months and then holding it...
Banking and FinanceTop StoriesGulf banks’ lending income rises to record USD 21 billion on high interest ratesGBO CorrespondentAugust 29, 2024 GBO CorrespondentAugust 29, 2024 Kuwaiti banks drove the expansion, with their net interest income reaching USD...
Real EstateTop StoriesMoody’s flags long-term risks for UAE developers amid high inflation & interest ratesGBO CorrespondentNovember 23, 2023 GBO CorrespondentNovember 23, 2023 Moody's predicts that consumer spending is likely to decline, and the risk...
Banking and FinanceTop StoriesEuropean Central Bank raises rate hike expectations for 2023 as wellGBO CorrespondentFebruary 23, 2023 GBO CorrespondentFebruary 23, 2023 Since July 2022, the European Central Bank has increased its benchmark interest...
Banking and FinanceTop StoriesGlobal interest rates will hit their highest level since 2007, investors believeGBO CorrespondentFebruary 6, 2023 GBO CorrespondentFebruary 6, 2023 In December 2022, Fed officials forecasted raising interest rates above 5% in...
Real EstateTop StoriesInflation, interest rates pull back Dubai’s real estate pricesGBO CorrespondentSeptember 16, 2022September 15, 2022 GBO CorrespondentSeptember 16, 2022September 15, 2022 Despite a monthly slowdown, prices are still much higher than they were...
EconomyTop StoriesInflation & recession: Has the dark phase passed?GBO CorrespondentJuly 18, 2022July 18, 2022 GBO CorrespondentJuly 18, 2022July 18, 2022 Home prices increased steadily last year despite the two-thirds decline in timber...
MarketsTop StoriesMortgage rates in US highest since 2009GBO CorrespondentMay 9, 2022 GBO CorrespondentMay 9, 2022 In order to restrict inflation, the US Federal Reserve will be raising...