Remove 2030 Remove Banking Remove Equity
article thumbnail

Kuwait: Balancing Revenue Growth With Stability

Global Finance

While the World Bank projects GDP growth will surpass 2% this year, recent calls from US President Donald Trump to cut global oil prices are pressing Kuwait to accelerate its diversification efforts. In addition, this reform sets the base for the implementation of further tax reforms, which could diversify revenue sources for the government.

article thumbnail

Investment Banking Surge in the GCC: From Oil to Assets

Global Finance

Corporate and investment banking (CIB), which already accounted for more than half of total banking revenues in the Gulf Cooperation Council (GCC), is expanding at an annual rate of 14%, more than twice the regional average, according to a recent McKinsey study. In this environment, financing needs are becoming more sophisticated.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Stars Of China 2024: Innovation Nation

Global Finance

The People’s Bank of China (PBoC) conformed by cutting mortgage rates, injecting cash into the banking system, and easing reserve requirements. Meanwhile, banks across the country are responding to difficult times with an unprecedented wave of innovation. trillion) in assets. trillion) in assets.

article thumbnail

Saudi Arabia: The Corporate Bet

Global Finance

In the final stretch of its Vision 2030 development blueprint, Saudi Arabia is counting on FDI to play a bigger role. Initially expected to be taken up by 540 companies by 2030, the kingdom surpassed this goal within the first year. The clock is ticking for Saudi Arabia. Those in charge, however, remain positive.

article thumbnail

GCC Digital Upheaval – Fintechs vs Banks

Global Finance

Across the Gulf Cooperation Council (GCC) states, a new generation of fintech start-ups are challenging the dominance of incumbent banks and brokerage firms. Trends attracting investor attention include the rise of open banking, increased adoption of embedded financial services, and mainstreaming of alternative lending and wealth solutions.”

article thumbnail

The Green Investment Puzzle

Global Finance

trillion annually to reach internationally agreed 2030 emissions targets, according to European financier Allianz. Everyone wants to be part of the energy transition on paper, says Antoine Saint Olive, global head of infrastructure and energy finance at Natixis Capital and Investment Banking in Paris. At least, banks outside the US do.

article thumbnail

Christopher Hodge, Natixis: Inside The Economic Crosswinds

Global Finance

After “Liberation Day,” we saw a broad selloff in the dollar, equities, and treasuries. GF : In corporate finance, do you expect AI will significantly shrink banking and legal teams? That reflected growing skepticism about the US as a trading partner, a military ally in Europe, and as a generally reliable global actor.