APAC Banking Sector Performance in 2022-2023: Navigating Economic Headwinds
The Asia-Pacific (APAC) banking sector faced a dynamic landscape in 2022-2023, marked by economic headwinds and varying performance across emerging markets (EMs) and developed markets (DMs). Let’s delve into the key trends and outlook for APAC banks during this period. 1. Steady Outlook Despite Challenges Despite challenges stemming from weakening global demand, high inflation, and […]
Konstantin Tserazov: Digital Payments and Financial Inclusion – The Case of Gulf Countries
How are digital payments and financial inclusion transforming the economic landscape of the Gulf countries? Konstantin Tserazov, a renowned economist and former Senior Vice President of Otkritie Bank, delves into the complex interplay of digital payments and financial inclusion in this region. His focus is on how these technological advancements are reshaping the region’s economic […]
SUNRATE Integrates Apple Pay to Its Commercial Credit Card
SUNRATE, an intelligent global payment and treasury management platform, yesterday brought its customers Apple Pay, a safer, more secure and private way to pay, and uses the power of iPhone to protect every transaction. “More and more businesses seek out the same degree of convenience and security that they enjoy in their everyday personal transactions […]
A game changer in the real estate sector of the KSA
Introduction: Saudi Arabia, the largest country in the Arabian Peninsula, is home to over 37 million people. The country recorded a GDP growth rate of over 8.7% in 2022, an increase of almost 4.9% from 2021. Saudi Arabia grew at the quickest rate among the G20 nations in 2022. The nation’s leadership has adopted a […]
The multi-faceted forex broker and financial service provider
The foreign exchange services industry, estimated to be worth USD 8 billion in 2021, is projected to expand at a compound annual growth rate (CAGR) of 8.2 percent to reach USD 15.78 billion by 2029. It is the biggest financial market in the world, with over USD 6 trillion worth of trading activity every day. […]
Egyptian banks driving the country’s new financial system
The latest reports in 2023 indicate that the Egyptian banking sector is the second largest one in Africa after South Africa. Egypt’s GDP in 2021 was approximately USD 403 billion and secured the third spot after South Africa and Nigeria. The World Bank has recognised the stability and tenacity of the Egyptian banking industry, which […]
A Revolutionary in the coworking space of Thailand
Introduction Coworking spaces are the new disruption in the corporate structure and have proved to be beneficial over conventional office setups. Terms like ‘alternative office’, ‘workplace of the future’, and ‘flexible offices’, which were once associated with independent contractors and fledgling firms are now the go-to solution for many global corporate houses. Coworking spaces are […]
Chinese electric vehicle industry boom: A boost to the Western economy
A brief history of the automotive industry and the advent of electric vehicles Undoubtedly, exports bolster a country’s economy, and automobiles are the most beloved among the export categories. For perspective, it was through automobile exports that Germany and Japan gained advanced industrial economy status. The first gasoline-powered commercial car in the world was launched […]
Travelshift raises USD 10 Million capital from existing shareholders
Travelshift, the leading online travel agency (OTA) in Iceland has raised $10 million USD of capital from existing shareholders, raising the total funding amount to $30 million USD. The financing represents a vote of confidence from Travelshift’s current investors in the company’s growth trajectory and future potential. According to Harshal Chaudhari, President, and Chief Investment […]
Hestia Venture Partners acquires Davis Research Station, an Ag Tech Property
Hestia Venture Partners, a venture firm investing at the intersection of prop-tech and climate tech and targeted real estate assets, announced the acquisition of Davis Research Station, an ag-tech research facility in Davis, CA. The 40-acre property encompasses office, lab and greenhouse space, plus significant acreage for row crops. The facility sits adjacent to the University of California, […]
