British mortgage lenders approved 56,205 mortgages for house purchase in May, the fewest since December 2023, and well below both April's 66,034 and the 62,900 median forecast in a Reuters poll of economists, Bank of England data showed on Monday.Net unsecured lending to consumers rose by £1.662 bi…
Abu Dhabi UAE — Hub71 startup, Maalexi, an Abu Dhabi-based agricultural trade technology company has signed a strategic alliance agreement with RXIL Global IFSC Limited (RXIL Global), an International Trade Financing Services (ITFS) platform regulated by the International Financial Services Centres…
Gross government bond supply in the eurozone is expected to decline to 115 billion euros in July from 140 billion euros in June, as eurozone countries are less likely to launch new syndicated transactions, the Investment Institute by UniCredit's Francesco Maria Di Bella says in a note. Year to date…
By Kwanwoo JunSouth Korea's government has laid out plans for massive outlays in semiconductor industries and artificial-intelligence infrastructure, with memory-chip leaders Samsung Electronics and SK Hynix committing to substantial new investments.More than 3 quadrillion won, equivalent to nearly…
Riyadh, Saudi Arabia: AstroLabs, the Gulf’s leading business expansion platform, has joined the Riyadh Creative District (RCD) to launch its new offices for the creative and media sector at King Abdullah Financial District (KAFD). The opening marks the next phase in the growth of Riyadh’s creative…
TraderEvolution has connected its trading platform to TRAction's regulatory reporting service, giving brokers a route to file EMIR and MiFIR transaction reports without exporting data by hand.The two companies announced the integration today (Monday), the latest in a run of platform tie-ups for the…
By Suban AbdullaBank of England Chief Economist Huw Pill said on Monday that the central bank's shift in communications to focus on multiple scenarios rather than a single forecast makes it harder for rate-setters to reach a collective viewpoint, echoing concerns among other policymakers.The centra…
Britain's Financial Conduct Authority on Monday proposed narrowing the scope of its consumer duty rules for wholesale financial firms, removing business with genuinely non-UK customers from their purview in a move aimed at easing compliance burdens on the sector.
DUBAI, UAE: Mashreq, a leading financial institution in the MENA region, has announced a strategic collaboration with Mastercard to expand the global reach of its Quick Remit solution, enabling Mashreq’s customers to transfer money abroad through its digital banking channels. Through this collabora…
Galaxy Digital has cut its odds of the CLARITY Act becoming law in 2026 to 50%, warning that the US Senate is running out of time to move the crypto market structure bill before its August recess.“We are reducing our odds of CLARITY Act passage in 2026 to 50-50,” wrote Galaxy's head of firmwide res…
Bank lending to euro zone companies grew at its fastest pace in three years in May, European Central Bank data showed on Monday, extending a gradual but steady acceleration seen in recent months.The annual growth rate of loans to non-financial corporations increased to 4% in May from 3.4% in April…
Bank lending to Eurozone households rose 3.1% year-on-year to €7.21 trillion in May 2026, up from 3.0% in April and exceeding market forecasts of 2.9%.Household credit demand grew at its fastest pace since February 2023, ahead of the European Central Bank’s first rate hike in three years, scheduled…
The industrial confidence indicator in Slovakia fell by 7.3 points month-on-month to -6.7 in June 2026 from 0.7 in the previous month, marking the lowest reading since November 2025.The deterioration reflected weaker assessments of expected production for the next three months (17 vs 26), particula…
Palestine’s current account deficit narrowed sharply to USD 440 million in the first quarter of 2026 from USD 963 million in the corresponding quarter of the previous year.The services account deficit significantly decreased to USD 81 million from USD 263 million.On the other hand, the goods accoun…
Majda MuhsenIraq plans to sign contracts for 25,000 megawatts (MW) of new electricity generation capacity during the current year as it increases investment in the power sector under its 2027 budget preparations, Prime Minister Ali Faleh Al-Zaidi said.Chairing the eighth regular Cabinet meeting on…
Staff WriterThe executive director of the Investment and Technology Promotion Office (ITPO) of the United Nations Industrial Development Organisation (UNIDO) in Bahrain Hashim Hussain has revealed a proposal to establish an international fund with an initial budget of BD40 million to support the su…
UK 10-year gilt yields rose toward 4.75%, bouncing back from two-month lows, as investors await Andy Burnham’s speech for insights into his economic strategy.Burnham, the only declared candidate to succeed Keir Starmer, is expected to advocate for expansionary fiscal policies following his return t…
Staff WriterThe Bahrain Economic Development Board (Bahrain EDB) has concluded a strategic five-day visit to China and Hong Kong, reinforcing the kingdom’s economic ties with one of the world’s most dynamic regions.Held from June 22 to 26, the visit featured a series of high-level engagements with…
Russian central bank officials will monitor the impact of rising domestic fuel prices and update inflation forecasts accordingly, Alexei Zabotkin, the deputy governor of the central bank said on Monday.Russia's domestic fuel market has been disrupted by Ukrainian attacks on oil refineries. Presiden…
Dedicated specialists will support customers with eligibility guidance, documentation and application submission through an accredited visa providerDubai, UAE: Dubai Holding Real Estate has introduced a dedicated Golden Visa and investor residency facilitation service at the Meraas and Nakheel sale…
