As Gulf states race to build sovereign AI and cloud infrastructure, the real opportunity lies in pooling capital, standards and...
- The synergy between humans and AI agents is driving a ‘Great Redeployment’ where there is a structural shift in how...
Oil prices could shoot up US$20 per barrel if Iranian production sees a hit resulting from Israeli retaliation, according to......if Iranian production sees a hit resulting from Israeli retaliation, said Goldman Sachs
Iran produces almost four million barrels of oil per day, an estimated 4% of the world’s supply.
Sub-Saharan Africa accounts for the global cryptocurrency economy’s smallest share, representing 2.7% of transaction volume worldwide between July 2023 and...Between July 2023 and June 2024. Sub-Saharan Africa received around US$125 billion in on-chain value
About 70% of African countries face an FX shortage, and businesses struggle to get access to the dollar
Asia-Pacific markets are mixed on Tuesday, after Federal Reserve Chair Jerome Powell indicated the recent outsized cuts enacted by the...The current federal funds rate stands at 4.75%-5%
Sentiment among large non-manufacturers in Japan improved, inching up to +34 from +33 in Q2
Riyadh, Saudi Arabia - Riyadh is currently hosting the third Seasonal Dates Exhibition, a major economic, social, and tourist event....Recent stats confirm Riyadh's leading role in date production, boosting Saudi Arabia's self-sufficiency rate to 124%
The Riyadh region alone accounts for 436,000 tons of the Kingdom's total annual production of over 1.6 million tons
Qatar Airways unveiled a bid to take a 25 percent stake in troubled airline Virgin Australia on Tuesday, a deal...The deal could significantly shake up Australia's air travel market which is currently dominated by Qantas
In 2023, Australia's center-left government rejected Qatar's bid to put on 21 extra international flights to and from Australia
- 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'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
- 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
- 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
- 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
