Loading...

Libra shows global remittance ripe for change

Image

 Insights

05-Jul-19 The global remittance market, a target for Facebook's new currency, Libra, is stuck in the last century, but can it really improve the lives of the global poor? For the Arab Gulf region, this is a key question. [image: Reuters]

Read More

East and South Asia buoyant as other regions play catch-up

Image

 Insights

Jul-19 Stalled growth in emerging market economies is projected to pick up from a four-year low of 4.0 percent in 2019 to 4.6 percent in 2020-21, reflecting the waning impact of financial pressures in some large markets. Growth in all emerging regions has been weaker than expected but activity in East and South Asia remains buoyant. Other regions are expected to recover in 2020-21. Growth in both Latam and MENA is expected to be a subdued 1.7% in 2019, but MENA countries show more promise thanks to oil exports, policy reforms and tourism. [image: World Bank]

Read More

GCC - Islamic Finance industry to grow at 5%

Image

 Insights

25-Jun-19 A report from S&P estimates Islamic finance will show only 5 percent growth in 2019-2020, owing to tepid conditions in certain core markets. In the GCC, "Fintech could stimulate growth by making transactions quicker, more secure, and easier to implement." [image: Zawya / Getty Images]

Read More

Exporting Chinese energy expertise to the Middle East

Image

 Insights

09-Jun-19 The Middle East has been China's primary source of energy exports for decades but the Asian giant is now returning the favour. Chinese companies are helping develop some of the Middle East's most ambitious energy projects to meet surging demand. [image: Zawya]

Read More

INEOS to invest USD2 bn in Saudi Arabia

Image

 Insights

03-Jun-19 INEOS has signed an MOU with Saudi Aramco and Total to build three plants at the Jubail 2 complex in Saudi Arabia. The energy efficient plants producing acrylonitrile, LinearAlphaOlefin and PolyAlphaOlefin will have access to competitive raw materials and energy. [image: INEOS]

Read More