Muhammad Shaker – Mubasher: The performance of UAE financial market indices varied at the close of trading on Thursday, with the Dubai Financial Market declining, while the Abu Dhabi Securities Market rose, amid expectations of a reduction in US interest rates in 2024. According to data from the UAE financial markets, the Dubai Financial Market … Read more
Noha Makram – Live – The Bank of Japan maintained its ultra-loose monetary policy on Tuesday, in a widely expected move, with the bank preferring to wait for more evidence that wages and prices will rise enough to justify a shift away from its massive stimulus policy. The central bank fixed short-term interest rates at … Read more
Published: 15.12.2023. It is planned that an account for keeping customer funds in euro in Latvijas Banka will be available to payment and electronic money institutions licensed within the European Economic Area (EEA) single market and in accordance with the European Union regulation on crypto-asset markets (Markets in Crypto-Assets or MiCA Regulation) requirements for licensed … Read more
Noha Makram – Live – European stocks jumped on Friday, extending the gains of a week that was filled with a range of monetary policy decisions by major central banks. The Stoxx Europe 600 index rose by 0.5% at midday trading, with mining stocks rising by 2.4% to lead the gains, with the majority of … Read more
For about two years, hyperinflation has been the focus of events, so the persistent attempts made by central banks to reverse its course have increased, and with the war of central banks on the specter of inflation, it seems that the world is on the verge of reaching a new chapter in this economic narrative. … Read more
Published: 13.12.2023. The events of the last year have raised the issue of the competition of Latvian commercial banks. Competition supervision is provided by the Competition Council, while the supervisor of the financial sector follows events and evaluates the stability and resilience of the banking sector, as well as the strategy of each individual bank … Read more
Live: European stock indices declined at the end of Tuesday’s trading session, despite the rise in financial market confidence in the Eurozone economies, with attention turning to the Federal Reserve’s monetary policy meeting. At the end of trading, the European Stoxx 600 index fell by 0.2% to 472.7 points, with losses in the energy, mining, … Read more
Noha Makram-Live- US jobs rose faster than expected in November and unemployment fell despite signs of a weakening economy. US non-farm payrolls rose to a seasonally adjusted 199,000 during the month, which is slightly higher than the Dow Jones estimate of 190,000, and higher than the unadjusted October data of 150,000, according to the Labor … Read more
Abu Dhabi – Mubasher: Fitch, in its report entitled “Middle East Banks Outlook 2024,” gave UAE banks a stable future outlook. The agency expected that favorable business and operating conditions for UAE banks would continue in 2024, and real GDP growth would accelerate moderately to 3.9 percent in 2024 (2023: 2.3%); According to the report. … Read more
Published: 05.12.2023. The Bank of Latvia has announced another competition for students’ scientific research papers, the purpose of which is to promote the identification and analysis of macroeconomic problems of the Latvian and Eurozone economies, involving the most capable young economists in this work. The competition is being held for the 22nd time, and citizens, … Read more