Category: Business

GCC banks well positioned to continue strong run: SandP

ABU DHABI: Standard and Poor’s (SandP) Global Ratings today forecast that Gulf Cooperation Council (GCC) banks’ good performance should continue throughout 2024, absent any unexpected shock, thanks to increasing lending volumes, higher fee income, sta…

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Korea’s foreign reserves up for 2nd month in August

SEOUL: Korea’s foreign reserves increased for the second straight month in August on the back of the increased value of non-US dollar assets and investment gains, Yonhap News Agency reported, citing central bank data on Wednesday.

The country’s forei…

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