Gulf banks are expected to benefit from an uptick in the regional economy next year, according to Moody’s.
The credit ratings agency said the outlook for GCC banks was stable — reflecting strong financial fundamentals, particularly in the largest banking systems.
Still, fiscal and geopolitical challenges remain for some economies in the Gulf, it said in a report released onRead more
The European Commission (EC) said on Monday that uncertainty about US policies, Brexit and elections in Germany and France would take their toll on the euro zone economy this year.
It forecast euro zone economic growth to lose some speed this year before rebounding in 2018. It saw a sharp growth drop ahead in non-euro zone and EU-leaver Britain.
TheRead more
Growth in China’s real estate and financial sector slowed in the fourth quarter of 2016, despite an uptick in the overall service sector that contributed to better-than-expected GDP growth in the quarter, National Bureau of Statistics (NBS) data showed on Saturday.
China reported on Friday that its economy expanded by 6.8 percent in the fourth quarter thanks to strong consumerRead more
China's fixed-asset investment maintained steady growth in the first ten months of 2016, with investment by the private sector showing signs of improvement, data released Monday showed.
Fixed asset investment grew 8.3% year on year to 48.44 trillion yuan about (7.1 trillion US dollars) during the January-October period, up from the 8.2% gain seen in the first three quarters, theRead more