Banking & Finance
Souq Al Mal to implement ambitious growth plan over 2 years
The Central Bank raises interest rates for the first time since 2017
The Central Bank of Egypt is expected to raise interest rates
It announced cash dividends of 70.3 billion riyals
The US Reserve rate increase among many expected this year and next
It signaled seven rate hikes for this year to bring inflation under control
The SPAC will be merging with tech-based financial services businesses
Global central banks unveil their monetary policies this week
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
