Tokyo, Japan -- Japanese tech investor SoftBank said Wednesday that its stake in OpenAI is now around 11 percent after...
Moving forward, lower oil revenues will continue to pose challenges to the Saudi economy and its overall targets. Earlier this...
The "2024 Crypto Spring Report" highlights the resurgence of the cryptocurrency market, fueled by institutional adoption, stablecoins, DeFi, signaling a...Another key driver of this positive shift is institutional investors' increasing adoption of blockchain technology
Stablecoins offer a reliable store of value for individuals living in regions with economic instability or currency devaluation
GCC countries are prioritizing actions like near-shoring, international partnerships, and technology adoption to ensure supply chain adaptability and responsiveness, says...Saudi Arabia launched the Global Supply Chain Resilience Initiative to attract investments and position itself as a hub for leading industrial companies
The UAE is focusing on strengthening its food supply chains through local production initiatives, logistics hubs, and advanced technologies
MENA's debt-to-GDP ratio surged 23% in 6 years due to pandemic fallout, with only 8 of 19 countries returning to...The debt-to-GDP ratio in the MENA region has increased by over 23 percent in the past six years, according to World Bank report
The report highlights a staggering increase of over 11 percentage points in the debt-to-GDP ratio in 2020 alone due to pandemic
For much of the past two years, policymakers on both sides of the Atlantic raised interest rates aggressively to fight...The IMF recommended that the ECB cut rates quarterly in quarter-point increments until September 2025
Monetary policy in the GCC will remain tight, deterring some private sector investment
Business travelers worldwide are drawn to the GCC countries due to their rapidly growing economies, strategic geographic locations, and ambitious...The region has positioned itself as a hub for a diverse range of travelers, including job seekers, investors, artists, and even those merely passing through
The GCC is becoming a hub for major cultural and entertainment events, from art exhibitions and live concerts to sports events
Tehran, Iran - Iran managed to sell an average of 1.56 million barrels per day during the first quarter of...The success in oil exports highlights the challenges faced by the US and EU in their efforts to exert pressure on Tehran
Iran's Oil Minister Javad Owji stated that oil exports generated over $35 billion in revenue in the previous year
Oil prices surged more than three percent in early Asian trade, and Asian stock markets slumped by over 3 percent...West Texas Intermediate jumped 4 percent to $86 and Brent rose 3.9 percent to $90.5
Asian stocks tumbled Friday, with Japan’s Nikkei slumping as much as 3.5 percent
- "Leadership teams must recognize that the livelihoods of their employees' families hinge on the stability of the business. Understanding that...
When there is a significant decline in economic activity over a long period of time, retaining employees and attracting new talent also becomes difficult
In smaller or medium-sized organizations, equipping your teams with the skills and knowledge to pivot products, services, and methodologies is crucial for instilling confidence
The Ministry of Interior has announced the end of the low-pressure weather system that wreaked havoc for many Dubai International...The UAE recorded its heaviest rainfall in the 75 years
Dubai International Airport, a major travel hub, is barely functional
Stock markets fell and oil prices climbed Tuesday on growing fears of a wider war in the Middle East after...The selling came after Wall Street's three main indexes tanked
Investors appeared to ignore figures showing China's economy grew 5.3 percent in Q1, 2024
