Qatar’s economy grows 3.7% in Q1 2025
The non-hydrocarbon sector accounted for 63.6 per cent of real GDP, or approximately QAR115bn, an increase from 62.6 per cent in the same quarter last year Qatar’s economy grows 3.7% in Q1 2025
What can we expect from financial services across MENA in 2023?
The Middle East is different – it’s one of the few regions where affordable growth capital is readily available. It’s also on a mission to transition to more sustainable industries, including financial services. So what can we expect from financial services in MENA in 2023? We’re not going to try to look into a crystal ball – real innovation is impossible to predict – but we can talk about some trends and about one certainty: there will be a lot of interest in fintech. read more – What can we expect from financial services across MENA in 2023? (gulfbusiness.com)
CEOs in Middle East upbeat on economic growth
Around two thirds of business leaders out of 4,400 CEOs polled in 64 countries expect an improvement this year. Regardless of fears over an impending global downturn, deepening geopolitical uncertainties, and soaring inflation, Middle East CEOs are upbeat about their region’s economic growth in 2023. They are also very confident about prospects for business revenue growth over the next three years, according to a survey. CEOs in Middle East upbeat on economic growth (zawya.com)
Indonesia raises $3.25 bln in its biggest global sukuk sale
Indonesia raises $3.25 bln in its biggest global sukuk sale | Reuters JAKARTA, May 25 (Reuters) – Indonesia has raised $3.25 billion by selling U.S. dollar-denominated Islamic bonds with 5-year and 10-year tenures, the country’s biggest global sukuk issuance, the finance ministry said on Wednesday.
Supply vs demand: Which is higher in the UK?
“Substantial pressure” is being put on the housing market by a range of factors Supply vs demand: Which is higher in the UK? | Mortgage Introducer (mpamag.com)
Bank of England raises interest rates to 0.25%
The Bank of England has raised interest rates for the first time in more than three years, in response to calls to tackle surging inflation. The Monetary Policy Committee voted 8-1 in favour of the increase to 0.25%. Bank of England raises interest rates to 0.25% – BBC News
UAE’s Abu Dhabi Islamic Bank funds Rasmala’s UK property acquisition | ZAWYA MENA Edition
UAE’s Abu Dhabi Islamic Bank funds Rasmala’s UK property acquisitionStructured Islamic financing worth $41mln provided Source: UAE’s Abu Dhabi Islamic Bank funds Rasmala’s UK property acquisition | ZAWYA MENA Edition
Saudi Tadawul Group hires JP Morgan, Citi, NCB Capital for IPO -statement | ZAWYA MENA Edition
Saudi Tadawul Group hires JP Morgan, Citi, NCB Capital for IPO -statementTadawul said the public share-sale will allow it to expand and strengthen its position globally Source: Saudi Tadawul Group hires JP Morgan, Citi, NCB Capital for IPO -statement | ZAWYA MENA Edition
Malaysia dominates global sukuk markets in 2020, chalks up market share of 39.2% | The Edge Markets
Malaysia dominates global sukuk markets in 2020, chalks up market share of 39.2% Source: Malaysia dominates global sukuk markets in 2020, chalks up market share of 39.2% | The Edge Markets
Exclusive: Visa moves to allow payment settlements using cryptocurrency | Reuters
Exclusive: Visa moves to allow payment settlements using cryptocurrency- Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry. By Noor Zainab Hussain (Reuters) Source: Exclusive: Visa moves to allow payment settlements using cryptocurrency | Reuters
Saudi’s labour reforms take effect with expats now having greater rights
Saudi’s labour reforms take effect with expats now having greater rights. The new initiative offers expatriate workers labour mobility and amends existing exit procedures. BY AARTI NAGRAJ MARCH 14, 2021. Reforms to Saudi Arabia’s ‘kafala’ sponsorship system have taken effect from Sunday, March 14, offering expatriate workers in the country greater flexibility in the workplace. (Gulf Business) Source: Saudi’s labour reforms take effect with expats now having greater rights