Category: Business

The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has called for the incorporation of ethical behaviour into the operations of the banking sector. He made this call at the 60th anniversary launch of the Chartered Institute of Bankers Ghana on Wednesday, 13 September 2023. Ethical banking: a necessity for the banking sector Dr. Addison stressed that the absence of ethical standards in the banking sector poses risks…

The Central Bank of Nigeria (CBN) has issued a directive to all banks in the country to set aside their foreign exchange (FX) revaluation gains as a counter-cyclical buffer to cushion any future adverse movements in the FX rate. The CBN also prohibited banks from using FX revaluation gains to pay dividends or meet operating expenses. What are FX revaluation gains and why are they important? FX revaluation gains refer…

S&P report forecasts robust profitability for Kuwaiti banks Standard & Poor’s (S&P), the global credit ratings agency, has released a report forecasting that Kuwaiti banks will maintain robust profitability throughout the current year. This outlook is underpinned by the banking sector’s favorable positioning to capitalize on the prevailing high-interest rate environment over the long term. The report highlighted that the rise in net interest income will be offset to some…

Small business loan approvals drop at big banks According to the latest Biz2Credit Small Business Lending Index™, the approval rates of small business loan requests at big banks ($10 billion+ in assets) fell from 13.3% in July to 13.2% in August. This is a nearly two percent drop from August 2022, when the approvals were at 15.1%. The index tracks monthly loan approval percentages for small businesses from over 1,000…

Banks accuse regulators of violating federal laws U.S. bank groups on Tuesday accused the Federal Reserve and other regulators of violating federal laws with a sweeping proposal to raise capital requirements, escalating an assault on the draft rules which bankers say will hurt the economy. The groups, representing JPMorgan Chase, Goldman Sachs, Morgan Stanley and Citigroup, among other lenders, said the proposal unveiled in July violates the Administrative Procedure Act…

OQ Technology is a NewSpace startup that aims to provide global 5G IoT connectivity using LEO satellites OQ Technology, a Luxembourg-based NewSpace startup, is building a global 5G low Earth orbit (LEO) satellite constellation dedicated for Internet-of-Things (IoT) communication. The company’s mission is to provide connectivity anywhere, especially in remote and rural areas where terrestrial networks are not available or reliable. The company was founded in 2016 by Omar Qaise,…

Hong Kong: A Strategic Choice for Global Businesses Hong Kong is one of the most attractive destinations for entrepreneurs and small businesses seeking to expand their operations in Asia. With its low corporate tax rates, no value-added tax, and open access to the Chinese market, Hong Kong offers a competitive edge for businesses looking to establish a presence in the region. According to data from the Hong Kong government, the…

The BWI Business District, a thriving economic hub in Maryland, is saddened by the passing of Lou Zagarino, a pioneer and icon who contributed immensely to the development and growth of the area. Zagarino, who was 73 years old, died on September 12, 2023, after a long battle with cancer. A legacy of innovation and service Zagarino was a visionary entrepreneur who founded several successful businesses in the BWI Business…

Small businesses are often seen as the backbone of the economy, providing jobs, innovation and growth. But they can also play a vital role in creating a more sustainable future for the planet and society. In this article, we will explore how small businesses can adopt sustainable practices and benefit from them. What is a sustainable business? A sustainable business is one that meets the needs of its customers, employees…

Business Leader is a bi-monthly print magazine and online platform that provides the latest news, insights, and trends for the UK’s most successful entrepreneurs and professionals. Whether you are looking for advice on how to grow your business, access funding, or learn from the best in your industry, Business Leader has something for you. What makes Business Leader different? Business Leader is not just another business magazine. It is a…