Browsing: finance

AMMAN — Prime Minister Bisher Khasawneh on Tuesday ordered the implementation of the 2024 state budget law.

WASHINGTON: IMF Managing Director Kristalina Georgieva warned on Thursday that central banks face growing political pressure to cut interest rates during a major election year but policymakers need to maintain their independence.

Sterling fell on Thursday after the Bank of England kept interest rates unchanged and Governor Andrew Bailey said Britain’s economy is “moving in the right direction” for the central bank to start cutting interest rates.

But BoE governor Andrew Bailey signalled a rate-reduction later this year as inflationary pressures ease further

Nasdaq Inc.’s biggest shareholder, Borse Dubai, is selling roughly one third of its stake — or 27 million shares — in the exchange operator at $59 each, which would raise as much as $1.6 billion.

RIYADH: UAE Islamic banks saw their asset values rise to 703 billion dirhams ($191.4 billion) by the end of 2023 in what was an 11 percent annual increase, official data showed. 

BENGALURU: Saudi Arabia’s government plans to create a fund of about $40 billion to invest in artificial intelligence, the New York Times reported on Tuesday, citing three people briefed on the plans, according to Reuters.

Skyrocketing energy prices sent real wages plummeting in 2022 more than in any year since 1950, new research has shown.

Doing business in the sanctioned country poses a reputational risk, the European Central Bank has warned

The divestment is reportedly expected to boost the balance sheet of the crisis-hit aerospace multinational