GCC Banking Sector Achieves Record-High Profits in Q1 2023, Driven by Non-Interest Income Growth
The GCC banking sector has experienced a remarkable performance in the first quarter of this year, with listed banks achieving a new record high in aggregate net profit. This growth can be attributed to a significant increase in non-interest income, which more than offset a decline in interest income in Qatar and Kuwait. The findings […]
German growth could miss Bundesbank forecast this year
Economic growth in Germany could miss projections this year. The Bundesbank’s monthly report stated that a major unexpected strain can be put upon the economy in the autumn, because of the resurgence of the coronavirus. Europe’s biggest economy is expected to grow by 3.7% this year and 5.2% in 2022. The early weeks of the […]
Barclays cuts FY 2021-22 growth forecast for India by 80 bps to 9.2%
Barclays cut its full-year 2021-22 economic growth forecast for India by 80 basis points to 9.2%. The toll from stringent lockdowns imposed to curb rising COVID-19 infections appeared to be bigger than its earlier expectation. The devastating second wave of coronavirus infections has forced nearly two-thirds of the country to introduce tough curbs. This slows […]