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...
Asia-Pacific markets were mixed Monday as investors assessed China’s stronger-than-expected April inflation data, CNBC reported China’s consumer price index climbed...China’s consumer price index climbed 0.3% year on year
Japan’s first-quarter GDP expected to have contracted an annualized 1.5%
Kuwait's emir approved a new cabinet Sunday two days after he dissolved the parliament elected only weeks earlier, and he...The new government -- the small emirate's 46th -- is headed by Prime Minister Sheikh Ahmed al-Abdullah al-Sabah
MPs have previously accused ministers of corruption
- New York is the richest city in the world, with 359,500 millionaires and 60 billionaires, although the Bay Area of...
New York is the richest city in the world, with 359,500 millionaires and 60 billionaires
Dubai has 72,500 millionaires, 212 centi-millionaires (100 mn +) and 15 billionaires
The kingdom accelerates its biotech and genomics sector with substantial investments, in line with Vision 2030's push for economic diversification...A recent Arthur D. Little (ADL) projects a double-digit growth that could reinforce Saudi Arabia as a major player in the global biotech landscape
The Kingdom's commitment is evident in its significant R&D investments, with a reported US$ 3.9 billion allocated in 2021 alone
Oil prices fell on Wednesday over growing hopes for a cease-fire agreement between Israel and Hamas and rising crude inventories...International benchmark Brent crude traded at $85.28 per barrel
Increase of 4.9 million barrels in US crude oil inventories
- Washington, United States - The US Federal Reserve on Wednesday held interest rates steady for a sixth straight meeting, keeping the...
After a two-day gathering, the central bank decided unanimously to keep the benchmark lending rate unchanged at 5.25-5.50 percent
For months, the US central bank has held its benchmark lending rate at a high level to cool demand and rein in price increases
- 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
