Banking & Finance
ECB left the option of raising interest open before the end of the year
"Goldman" warns the US economy could be in a recession next year
JP Morgan: There is a likely need to depreciate the pound
$ 217.5 billion in sector assets at end 2021, or 6.5 times the GDP
22 localization and capacity building agreements were announced
The company still plans to list in April
Digital banks will be subject to all supervision and control requirements
Banks are likely to keep reserves much larger than risk portfolios require
Saudi Arabia expects the first surplus in 8 years
Economic activity to accelerate in 2022 prompted by high and rising oil prices
ًinning the award is an incentive to continue on the path of excellence
Production and oil and gas prices contributed to strengthening the budget figures
Non-oil sector constituted 88% of the total increase in actual revenues
Norway removes Russian assets from $1.3 trillion wealth fund
Moscow plans to borrow less and use national wealth funds
Russia 2nd to US in terms of Swift users
Dedicated office and expanded regional headcount to drive growth
Banks reduce operating costs following losses
The IMF welcomes financial sector’s resilience and ongoing reforms
The corporate tax on profits will replace several fees businesses currently pay
It’s the second such increase since 2019
The total amounted to $221.7 billion, with Saudi and Kuwait leading
Two Abu Dhabi state funds and 2 private sector investors in the running
