Fahad AlSharekh says the GCC’s edge isn’t startup mimicry but global investment power — backing AI, infrastructure and category leaders...
- As Gulf states race to build sovereign AI and cloud infrastructure, the real opportunity lies in pooling capital, standards and...
The UAE, relying on domestic workers (5% of the population), invests $3 billion annually, highlighting the rising demand for domestic...A domestic worker visa allows individuals to continue working in private households as cleaners, chauffeurs, cooks, nannies, or personal care providers while travelling
The growth is driven by the UAE’s robust economy, with increasing disposable income among families and a growing expatriate population
China, the world's number two economy, is Africa's largest trading partnerMore than 50 African leaders and UN Secretary-General Antonio Guterres are attending the China-Africa forum
"Over the next three years, the Chinese government is willing to provide financial support amounting to US$50.7 billion," Xi said
The strategy focuses on risk-based compliance, international cooperation, effective supervision, and disrupting illicit financial activities through improved data collection, analysis,...The strategy sets out 11 strategic goals aimed at fortifying the UAE’s regulatory framework and enhancing its effectiveness in combating financial crimes
The announcement follows the country’s removal from the Financial Action Task Force’s (FATF) "grey list" in February 2024
Pakistan's IT sector is thriving, with growing exports and recognition as a tech hub, driven by government support, skilled talent,...While Pakistan has been declared the "Tech Destination of the Year" at GITEX GLOBAL 2024, one of the key players driving this growth is the Pakistan Software Houses Association
Across the GCC, Pakistani companies provide cybersecurity and AI driven solutions across various sectors, including banking and fintech industries
The council aims to align its focus with Saudi Arabia’s Vision 2030 and the economic agendas of Eastern European countries,...The council aims to align its focus with Saudi Arabia’s Vision 2030 and the economic agendas of Eastern European countries
This council will be instrumental in expanding the Kingdom's global economic footprint
While some sectors have largely regained their strength -- including tourism and the auto industry -- others are struggling, particularly...China is facing a crisis in its vast real estate sector as well as lackluster confidence among households and businesses, which is hindering consumption
In August, the Purchasing Managers' Index (PMI) - a key barometer of industrial output - stood at 49.1 points, the National Bureau of Statistics (NBS) announced
- Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation...
Oil prices climbed 0.8% after Israel and Hezabollah traded rocket salvos
The dollar slipped a further 0.5% to 143.64 yen, having fallen 1.3% on Friday
- The Fed's benchmark lending rate currently sits at a 23-year high of between 5.25 and 5.50 percent, cooling demand in...
"The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks," Fed chair Powell said
After holding its key lending rate at a two-decade high for more than a year, Powell's remarks suggest the US central bank is now all but certain to start cutting rates
- The annual Jackson Hole Economic Symposium in the US state of Wyoming gives Powell a global platform to enlighten financial...
After holding its key lending rate at a two-decade high for more than a year, the US central bank now seems poised to start cutting rates in September
While inflation has eased, the labor market has shown signs of cooling - though still remaining solid by historical standards - and economic growth has been resilient
- Oil prices fell by more than $2 a barrel Monday on the prospect of successful Middle Eastern peace talks reducing...
Brent crude futures settled at $77.66 a barrel
Energy investors also awaited clues on the U.S. Federal Reserve's next interest rates decision
