The types of business which are most likely to use artificial intelligence are seeing growth in workers' productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy, accountancy firm PwC said. Productivity...
Prudent macroeconomic and financial sector policies will further strengthen Qatar’s resilience with average growth expected to be lifted to around 4.5 per cent in the medium term by the significant LNG production expansion and initial gains from implementing NDS3,...
Increasing interconnectivity increases complexity and opacity. Digitalisation is creating new vulnerabilities and amplifying existing risks for banks, warned the Basel Committee on Banking Supervision in a new report. Many of the new technologies and their applications are data intensive and require...
Pakistan’s economy grew 2.09 per cent in the third quarter of the financial year 2023-2024, supported by higher growth in agriculture, the Pakistan Bureau of Statistics said in a press release. The estimated provisional growth rate of gross domestic product...
The real gross domestic product (GDP) of the UAE is likely to grow by 4% in 2024, according to The International Monetary Fund (IMF). In a statement, following the conclusion of a team of its experts' visit to the UAE...
Swift is working with 25 leading cash management banks and 20 corporates to develop a white labelled transaction tracking service for ISO 20022 messages across the entire payment chain. Under the programme, Swift will deliver a bank agnostic solution for...
The funds will go into developing a regional water-supply system that would feed three cities. DBS, South-east Asia’s largest lender, will be loaning an undisclosed sum of money under a blended-finance project that supplies fresh water to three cities in...
Norway’s US$1.7 trillion sovereign wealth fund has decided to exclude Adani Ports & Special Economic Zone Ltd from its portfolio, citing 'unacceptable' risks that the company is tied to human rights violations in war and conflict zones. Norges Bank Investment...
DBS’ and OCBC’s DPS are likely to rise in H2. Singapore’s DBS and OCBC delivered strong earnings across the board in Q1, thanks to loan growth picking up and a surge in non-interest income. Loan growth rose 2% across the big...
An annual dividend of JPY105 per share has been announced. Mizuho Financial Group’s net income rose to $4.39b (JPY678.9b) in FY2023, a 22% rise from its reported net income of JPY123.4b in FY2023, its latest financial results showed. An annual dividend...
