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Central Bank
Economy
U.S. economy grows more than expected despite high interest rates
Consumer spending remains strong
Economy
ECB interest rates remain unchanged amid inflationary concerns
Increased focus on inflation targets and monetary policy flexibility
Economy
Türkiye hikes interest rates to 45 percent in a battle against inflation
Analysts skeptical as Turks grapple with economic challenges
Markets
Oil prices increase amid U.S. crude storage and production decline
Chinese economic stimulus and a weaker output contribute to the complex oil market dynamics
Markets
Gold prices fall, market awaits GDP and inflation data
Strong economic indicators and diminishing recession fears impact gold's allure
Markets
Gold prices rise as investors await U.S. interest rate cuts
Uncertainty looms as investors navigate economic data and central bank decisions
Banking & Finance
European banks enter 2024 bolstered by strong profit growth
Lenders expected to experience adverse effects of rising interest rates
Markets
Indicators suggest gold will maintain strength in 2024
Metal likely to remain within specific range but exhibit some volatility
Markets
U.S. dollar decline triggered by speculation of Fed rate cut
China's interest rate stabilization impacted U.S. dollar, Yuan
Banking & Finance
What will the Federal Reserve decide at its January 31 meeting?
Economic data outlines the framework for the U.S. Central Bank’s action
Markets
UAE Islamic T-Sukuk record AED9.39 billion in bids
The auction value recorded 2.8 billion, oversubscription grows 3.35 times
Banking & Finance
Oman’s Sohar International Bank expands into Saudi Arabia
Fostering economic growth and collaboration between the sultanate and Saudi Arabia
Economy
Egypt auctions off $850 million in T-Bills to tackle dollar shortage
As part of efforts to stabilize the economy
Economy
Türkiye’s bold minimum wage hike spells trouble for inflation
A 49 percent surge in monthly minimum wage could exacerbate inflation and strain businesses
Banking & Finance
CBUAE issues rules to regulate short-term credit services
Amending regulations to regulate the growing 'Buy Now, Pay Later' financing offers
Economy
CBUAE raises its GDP growth forecast to 5.7 percent for 2024
Increase compared to its previous forecast of 4.3 percent
Economy
Türkiye maintains monetary tightening, raises interest rate to new heights
Bank said tightening measures nearing end of cycle
Economy
Central Bank of Egypt holds interest rates steady for third time in a row
Maintaining credit and discount rate at 19.75 percent
Economy
CBUAE report reveals strongest-performing sectors in Q3 of 2023
Real estate, tourism and aviation showed robust performance
Markets
Gold continues upward trend, surpasses $2,030 mark
Yellow metal set to record highest annual gains in three years
Banking & Finance
Saudi Arabia concludes €1 billion financing deal with Italy’s SACE
Strengthening trade and investment relations between the two countries
Banking & Finance
UAE banking sector sets new record with AED4 trn in assets
Total bank credit reached AED1.982 trillion by the end of October
Economy
CBUAE budget balance reaches AED647.6 billion in October
Balance sheet includes AED283.9 billion in cash and AED206 billion in investments
Banking & Finance
Saudi Arabia launches FinTech program Makken to boost financial innovation
Efforts fall under Financial Sector Development Program
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