The fintech sector remains buoyant in Lithuania, defying a global investment downturn, according to a new review of performance in 2022. The Fintech Landscape in Lithuania 2022-23 Report from Invest Lithuania notes an 80% increase in the income generated from all licensed Lithuanian fintechs’ banking activities in H1 2022 over the same period in 2021, reaching €375 million.
The Philippines is now widely considered a “one-stop shop” offering integrated information technology (IT) and Business Process Management (BPM) services to clients worldwide, according to the Department of Trade and Industry (DTI)-Board of Investments (BOI). Trade Undersecretary for Competitiveness and Innovation Rafaelita M. Aldaba said the country has strengthened its…
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For most of the last three decades, our region has enjoyed prosperity and high levels of growth. This was driven by oil wealth, and the regional governments’ ability to channel oil revenues into building First World infrastructure and living conditions.
However, oil market dynamics have changed – catalysed by the shale revolution, the reduced cost of producing renewable energy, and a global focus on carbon emissions. The pandemic has added to the challenges as core hydrocarbon demand dropped globally.
Today, there is broad recognition that GCC countries are in a race against oil prices, which is notable as countries have accelerated the economic diversification process.