Oil prices jump after Trump’s warning, stocks extend gains
Oil prices rallied Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel...Economy
World Bank cuts growth forecast on trade tumult, warns of ‘deep’ harm
The bank lowered its projection for global GDP growth to 2.3 percent in its latest economic prospects report, down from...Economy
Seoul stocks sink amid S. Korea drama as Asian markets struggle
South Korean stocks sank more than two percent Wednesday while the won rebounded from earlier losses after President Yoon Suk...The Kospi index shed as much as 2.3 percent at the open
The won tumbled more than three percent to a two-year low of 1,444 per dollar
Non-oil sectors drive robust growth in GCC countries, says World Bank report
While developing countries paid a record US$1.4 trillion to service debts, the non-oil sectors in the GCC countries are fueling..."The [GCC] region has shown remarkable resilience in the face of global disruptions, moving steadily on their diversification agenda."
Saudi Arabia's growth is expected to accelerate to an average of 4.7 percent in 2025-2026 as oil production increases.
Desertification talks open in Saudi Arabia as experts fire warning
UN talks aimed at halting the degradation and desertification of vast swathes of land start in Saudi Arabia. Forest loss...3.7 billion acres must be restored by decade's end to combat crises
Forest loss and degraded soils were reducing resilience to climate change and biodiversity loss
How city governments can foster tech-sector growth without breaking the bank
City governments are usually equipped to promote their cities through websites, newsletters, communications, as well as hosting delegations visiting from...City governments are uniquely positioned to support startup ecosystems through a range of low-cost, high-impact methods
The success of a startup ecosystem is built on the strength of connections that exist between the various organisations and people within it
Trump threatens 100% tariff on BRICS countries over currency plans
Washington, United States - President-elect Donald Trump on Monday threatened to impose a 100 percent tariff on the BRICS group nations...The statement comes after a BRICS summit held last month in Kazan, Russia, where the countries discussed boosting non-dollar transactions and strengthening local currencies
The BRICS group has expanded significantly since its inception in 2009, and now includes countries such as Iran, Egypt and the United Arab Emirates
Car-centric Saudi to open first part of Riyadh Metro
Riyadh, Saudi Arabia - Saudi Arabia announced Wednesday it is ready to open the first part of the Riyadh Metro,...Services will be provided by 183 trains with 448 carriages manufactured by Siemens of Germany, Bombardier of Canada and Alstom of France
The official Saudi Press Agency published a photograph of King Salman, who served as governor of Riyadh for nearly half a century, formally declaring that the project open
Trump’s tariff threats stoke global fears, prompting retaliation warnings from allies and rivals
US President-elect Donald Trump's sweeping tariff plans target Canada, Mexico, and China, raising fears of a global trade war, with...The president-elect on Monday placed both allies and rivals on notice, vowing to quickly slap 25% on Canada and Mexico, and add a 10 percent tariff on China
Following through on that threat or his campaign promise of a 10 percent levy on all US imports - will have ripple effects across the global economy, analysts say
What is the gig economy and what’s the deal for gig workers?
The rise of the gig economy has led to significant shifts in employment, with workers increasingly balancing multiple income streams....The gig economy uses digital platforms to connect freelancers with customers to provide short-term services or asset-sharing
For millions of people, working nine-to-five for a single employer or being on the payroll is no longer a reality
How public-private partnerships can ensure ethical, sustainable and inclusive AI development
Public-private partnerships (PPPs) address AI bias by combining ethical guidelines with technological auditing tools. Governments set accountability frameworks, and companies...The rapid pace of AI development, growing awareness of its societal impact and the need to harness AI for good makes bridging the 'AI divide' essential
By collaborating, stakeholders can ensure AI advances responsibly, equitably and for the greater good, helping to build a more just and sustainable future for all
Iran slams new EU, UK sanctions as unjustified: foreign ministry
ran's foreign ministry Tuesday slammed as unjustified the new sanctions by the European Union and Britain against Tehran over its...Sanctions also included the national airline, Iran Air, for transporting ballistic missiles and military supplies to Russia
Iran's economy suffers from US sanctions following the unilateral US withdrawal in 2018 from a landmark nuclear deal
