Tue, December 17, 2024

[ Tue, Dec 17th 2024 ]: moneycontrol.com

Why Aadhar Housing Finance is a sound long-term bet

[ Tue, Dec 17th 2024 ]: World Socialist Web Site

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[ Tue, Dec 17th 2024 ]: Seeking Alpha

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[ Tue, Dec 17th 2024 ]: India TV

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[ Tue, Dec 17th 2024 ]: Mint

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[ Tue, Dec 17th 2024 ]: Finance & Commerce

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[ Tue, Dec 17th 2024 ]: inc42

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[ Tue, Dec 17th 2024 ]: MSNBC

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[ Tue, Dec 17th 2024 ]: Moneyweb

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[ Tue, Dec 17th 2024 ]: MarketWatch

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[ Tue, Dec 17th 2024 ]: Investopedia

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[ Tue, Dec 17th 2024 ]: Think Advisor

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[ Tue, Dec 17th 2024 ]: WPBF

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[ Tue, Dec 17th 2024 ]: cnbctv18

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[ Tue, Dec 17th 2024 ]: News Tribune

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[ Tue, Dec 17th 2024 ]: Kiplinger

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[ Tue, Dec 17th 2024 ]: The New Zealand Herald

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[ Tue, Dec 17th 2024 ]: Techzim

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[ Tue, Dec 17th 2024 ]: Reuters

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[ Tue, Dec 17th 2024 ]: AOL

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[ Tue, Dec 17th 2024 ]: Business Daily Africa

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[ Tue, Dec 17th 2024 ]: Outlookindia

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[ Tue, Dec 17th 2024 ]: bnnbloomberg

Gulf's Consumer Culture Lures Banks and Private Credit to Region

[ Tue, Dec 17th 2024 ]: The Globe and Mail

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[ Tue, Dec 17th 2024 ]: Wall Street Journal

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[ Tue, Dec 17th 2024 ]: CTV News

Postal employees head back to work as union challenges intervention in strike

[ Tue, Dec 17th 2024 ]: The New York Times

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[ Tue, Dec 17th 2024 ]: France 24

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[ Tue, Dec 17th 2024 ]: ThePrint

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[ Tue, Dec 17th 2024 ]: Business Standard

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[ Tue, Dec 17th 2024 ]: Business Today

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[ Tue, Dec 17th 2024 ]: Business Line

Zomato's global finance head Hemal Jain quits

[ Tue, Dec 17th 2024 ]: BBC

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[ Tue, Dec 17th 2024 ]: Forbes

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[ Tue, Dec 17th 2024 ]: Daily Sabah

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[ Tue, Dec 17th 2024 ]: Lock Haven

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[ Tue, Dec 17th 2024 ]: Yahoo Finance

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[ Tue, Dec 17th 2024 ]: The Daily Telegraph

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[ Tue, Dec 17th 2024 ]: MSN

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Mon, December 16, 2024

[ Mon, Dec 16th 2024 ]: Business Standard

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[ Mon, Dec 16th 2024 ]: moneycontrol.com

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[ Mon, Dec 16th 2024 ]: Yahoo Finance

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[ Mon, Dec 16th 2024 ]: Forbes

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[ Mon, Dec 16th 2024 ]: The New Zealand Herald

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[ Mon, Dec 16th 2024 ]: bnnbloomberg

Trudeau taps LeBlanc as finance minister after Freeland resigns: source

[ Mon, Dec 16th 2024 ]: MSN

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[ Mon, Dec 16th 2024 ]: Reuters

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[ Mon, Dec 16th 2024 ]: Bloomberg L.P.

December Global Regulatory Brief: Digital finance

Gulf's Consumer Culture Lures Banks and Private Credit to Region

Governments in the Gulf have been fighting to bring investment onshore, as sovereign wealth funds invest vast sums of money abroad. It's been an uphill battle, but global lenders are taking notice of one niche area: consumer loans.
The article from BNN Bloomberg discusses how the Gulf region's burgeoning consumer culture is attracting banks and private credit firms. The region, particularly the United Arab Emirates and Saudi Arabia, is experiencing a surge in consumer spending, driven by a young, affluent population and government initiatives to diversify economies away from oil. This has led to increased demand for consumer loans, credit cards, and other financial products. Banks are expanding their retail banking operations, while private credit firms are stepping in to offer alternative financing solutions, especially as traditional bank lending becomes more regulated. The growth in sectors like retail, real estate, and tourism further fuels this trend, with financial institutions seeing the Gulf as a lucrative market for both consumer and commercial lending. However, this expansion also brings challenges such as managing credit risk in a region known for its economic volatility.

Read the Full bnnbloomberg Article at:
[ https://www.bnnbloomberg.ca/business/2024/12/17/gulfs-consumer-culture-lures-banks-and-private-credit-to-region/ ]