Euroclear signs seven-year deal with Microsoft

Euroclear has entered into a seven-year deal with Microsoft, harnessing a full suite of technology encompassing cloud, data and AI. Microsoft will support Euroclear's strategic ambition in key growth areas like funds and client experience as well as its long-term...

Saudi Arabia’s real GDP grows 4.4%

Saudi Arabia’s real gross domestic product saw an annual expansion of 4.4 percent in the fourth quarter of 2024, marking its highest growth in two years, official data showed. According to flash estimates from the General Authority for Statistics, the...

Global liquidity increased in Q3: BIS

Growing credit to non-banks in advanced economies drove rise. Liquidity in global financial markets improved in the third quarter of 2024, as total credit expanded, according to new data from the Bank for International Settlements (BIS). The bank’s global liquidity indicators,...

Indonesia Attracts $105 Billion Investment in 2024

Indonesia announced Friday that it had attracted Rp 1,714.2 trillion or approximately $105 billion throughout 2024 with a significant portion of the money coming from international investors. Former President Joko “Jokowi” Widodo had set a goal for Indonesia to register...

Turkish banking sector sees $18.8B net profits in 2024

Total banking sector assets up 38.7% year-on-year as of end-2024, according to banking watchdog. Net profits of Türkiye's banking sector totaled 658.97 billion Turkish liras ($18.77 billion) in 2024, the country's banking watchdog. The banking sector's net profits climbed 6.2% compared...