Finance

Iraq Stock Exchange (ISX) continued to grow in the first quarter of 2022 by reaching $11.3 billion Mcap, up 8% compared to end of 2021. This inspite of the political instability and weak interest due to lack of information about the market. The banking sector is 45.9% of total Map with 43 listed banks, followed by 41.5% for the telecom sector with two mobile operators, the industry sector at 7.3% share with 20 companies, and various sectors taking up the remainder of the share.

Global growth prospects have worsened significantly due to the combined effects of inflation, war in Ukraine and lingering pandemic, the IMF announced on Tuesday (April 19).

Much like the wider GCC, the Kingdom of Bahrain has entered a paradigmatic yet opportunistic shift. The country’s national strategy is pivoting to become more sustainable and competitive by investing in future-defining oil-proof sectors, as the COVID-19 pandemic underscored the need for economic growth through the accelerated uptake of innovation and digital economy. As a result, the Kingdom has amplified plans for economic diversification through Foreign Direct Investment (FDI), backed by several competitive advantages that make FDI attractive.

Global financial conditions have tightened notably and downside risks to the economic outlook have increased as a result of the war in Ukraine, the IMF announced Tuesday (April 19) with the release of the Global Financial Stability Report.

Countries are facing tough choices when dealing with the impact of rising inflation, lingering pandemic and historically high debt levels, the IMF said Wednesday (April 20) with the release of the Fiscal Monitor report.

Al Etihad Credit Bureau (AECB) today announced a web portal for the newly launched ChequeScore, an innovative product that allows both businesses and individuals to instantly know how likely a cheque issued through a UAE-based bank is to bounce.