Saudi Arabia's non-oil economic growth is expected to stay broadly steady in 2024 at 3.7% and then potentially accelerate in 2025 helped by lower interest rates, says a NBK research. Despite higher interest rates, non-oil economic growth remained robust in...
As the climate emergency intensifies, demand is surging for minerals that are critical for renewable energy technologies like solar panels, wind turbines and electric vehicles (EVs). However, investments in these minerals are not keeping pace with escalating demand, says...
NatWest has extended its first mass market Intellectual Property-backed loan to UK software company Sci-Net. The new High Growth IP Loan from NatWest has been developed with specialist IP valuers Inngot to help unlock the funding gap for high growth...
Etihad Credit Insurance (ECI) is constantly adapting to the evolving global landscape, tailoring its product portfolio and focusing on emerging sectors like renewable energy and sustainability. This is according to Raja Al Mazrouei, Chief Executive Officer of ECI, who told...
The global Islamic finance industry will continue see high-single-digit growth in 2024-2025, with sukuk issuances to hover between $160 billion and $170 billion in 2024, furthering the industry's asset growth. According to a report titled “Islamic Finance 2024-2025: Resilient Growth...
Franklin Resources, better known as Franklin Templeton, posted a fall in second-quarter profit, hurt by higher expenses as it paid employees higher compensations amid the backdrop of a tight labor market and wage inflation. Higher expenses in the quarter offset...
S&P Global beat Street estimates for its first-quarter profit, as hopes of a "soft landing" spurred investors to spend more on data and analytics products. With growing expectations of the U.S. Federal Reserve avoiding a recession, investors are increasingly spending...
Britain's Lloyds Banking Group said that net profit sank by almost a third in the first quarter of this year, hit partly by a significant increase in costs. After-tax profit slid 29 percent to £1.1 billion ($1.4 billion) in the...
U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained,...
US economy resilience and improvements in China and Japan propped up their confidence. Asia Pacific finance professionals and accountants’ confidence in the region’s economy experienced a surge in Q1, according to a study by the (Association of Chartered Certified Accountants...
