IBM claims ‘real world’ edge in quantum computing race
San Francisco, United States -- Technology veteran IBM on Tuesday laid out a plan to have a "practical" quantum computer...Technology Business Economy Science
Key MENA trends: M&A surge to five-year high, Saudi port activity rises in May
Qatar's foreign reserves rise 3.6 percent year-on-year despite a dip in bonds and treasury holdings, Iraq releases Australian and Egyptian...Economy
Saudi economy to register losses until 2027, says finance ministry
Saudi Arabia anticipates a budget deficit of 2.3 percent of GDP in 2025. Estimates put total government revenues for 2025...Saudi Arabia anticipates a budget deficit of 2.3 percent of GDP in 2025
Estimates put total government revenues for 2025 at approximately US$320 billion, which would create a deficit of US$27bn
China launches late stimulus push to meet 2024 growth target
China's central bank on Friday lowered interest rates and injected liquidity into the banking system as Beijing assembled a last-ditch...hina plans to issue special sovereign bonds worth about $284.43 billion this year
A wide range of economic data in recent months has missed forecasts
UAE airports see 14.2% passenger traffic surge in H1
Abu Dhabi, UAE -UAE's airports experienced a 14.2 percent increase in passenger traffic, in the first half of 2024, handling...A CBUAE report showed the increase in passenger traffic not only reinforces the UAE's status as a global aviation hub but also contributes to the national economy
The report added that this growth in the aviation sector boosts tourism, trade and employment, further diversifying the UAE's economy
Putin expects Türkiye’s Erdogan to attend BRICS summit in Russia
Russian President Vladimir Putin said Wednesday he expected his Turkish counterpart Recep Tayyip Erdogan to attend a BRICS summit in...Putin says he was due to meet Erdogan on October 23 - a day after the start of the BRICS summit in Russia's Kazan
"Our president has many times stated that we want to become a BRICS member," says Turkish main political party
Middle East & North Africa: Regulatory momentum and DeFi fuel crypto adoption
The Middle East & North Africa (MENA) region ranks as the seventh-largest crypto market globally in 2024, with an estimated...Centralized exchanges (CEXs) remain the primary source of crypto inflows across MENA
Across MENA, stablecoins and altcoins are gaining market share over traditionally preferred assets like bitcoin and ether
Lebanon flights suspended as Hezbollah-Israel tensions continue to spiral out of control
Major airlines such as Emirates, Qatar Airways and Air France have suspended growing numbers of flights to Lebanon as tensions...United Arab Emirates-based Emirates announced the temporary suspension of its flights to Beirut
Air France on Tuesday extended the suspension of its Beirut flights until October 1
Economy – the biggest loser in the Israeli-Arab war
The sheer scale of destruction from the deadliest war in Gaza's history has made the road to recovery difficult to...With bombs still raining down on Gaza, many of the Palestinian territory's 2.4 million people face re-construction challenges
11 months of war in Gaza has battered Israel's economy, and poverty is now threatening communities
Coal mine blast in Iran kills more than 50 mine workers
A blast caused by a gas leak at an Iranian coal mine has killed at least 51 people, state media...A leak of methane gas led to the blast in two blocks of the mine, which is owned by the private Iranian firm Madanjoo
State TV broadcast footage of ambulances and helicopters arriving at Tabas in eastern Iran to transport the injured to hospital
What a Fed rate cut could mean for the world
The U.S. Federal Reserve is on Wednesday heading for its first interest rate cut since the onset of the COVID-19...Global markets brace for the first rate cut by the Federal Reserve this week
High level of uncertainty around whether it will cut by 25 basis points or 50
What are the needs and challenges of an ageing workforce?
Age bias in the world of work is real. But it is more complex and nuanced than the common narrative...Age bias in the world of work is real, but it is more complex and nuanced than the common narrative around ageism.
These hidden struggles, coupled with a higher rate of rejection than among other applicant pools, can trigger a dangerous descent into a resignation mindset
