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Central Bank of Bahrain cuts interest rates following US Fed leadIn a major move, the Central Bank of Bahrain today (December 18) cut its overnight deposit rate by 25 basis points. The move followed the US Federal Reserve's decision to cut interest rates by 25 bps. In it More… |
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Global economy looks strong despite inflation: JP MorganDespite global inflation not falling as quickly as forecasters may have hoped, the global economy looks remarkably strong, defying the pressure of higher interest rates. This is according to Grace Peters, More… |
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Global bonds present ‘once in a generation’ entry point: JPMThe rise in global bond yields is not just historic, it may mark a once in a generation entry point for investors that might not be available a year from now, said Clay Erwin, Global Head of Investments Sales & Trading at JP Morgan Private More… |
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UAE growth likely to slow in 2023 over Opec cuts: S&PThe UAE's economic growth is expected to slow modestly in 2023 due to Opec-agreed oil production cuts and deceleration in the non-oil sector due to higher interest rates, said S&P Global Ratings in a new report. Along with More… |
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Optimistic outlook for Saudi banks in 2021: BofADespite the falling interest rates, Saudi banks have fared strongly, with system loan growth having reached 11% YTD (and 14% YoY at 3Q20) from a CAGR of just 3% over the preceding three years, a report said. This, in conjunction w More… |
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UAE cbank cuts interest rates by 25 basis pointsThe Central Bank of the UAE (CBUAE) announced that effective September 19, 2019, it will lower interest rates applied to the issuance of its Certificates of Deposits by 25 basis points. This is in line with the decrease in interes More… |
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UAE cbank cuts interest rates on depositsThe Central Bank of the UAE (CBUAE) said effective August 1, it will lower interest rates applied to the issuance of its Certificates of Deposits in line with the decrease in interest rates on US dollar, following the Federal Reserve Board&rsquo More… |
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UAE Central Bank raises interest rates by 25bpsThe Central Bank of the UAE (CBUAE) said that, effective December 20 it will raise interest rates applied to the issuance of its Certificates of Deposits in line with the increase in interest rates on US Dollar, following the Federal Reserve Boa More… |
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UAE bank deposits hit record $209bn in SeptemberTerm and savings deposits in both local and foreign currency in the UAE banks amounted to a total of Dh768.3 billion ($209.14 billion) in September against Dh752.3 billion in August, increasing by around Dh16 billion, amounting to, according to More… |
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The economics of real ratesIn recent years real interest rates have dropped dramatically across the world, said a report from Bank of America Merrill Lynch (BofAML), noting that underlying this decline is a decrease in neutral or equilibrium real interest rates that is pe More… |
