The GCC has quickly moved from passive capital allocation into active ecosystem building, spurred on by heavy sovereign capital and...
Saudi Arabia and the UAE are leading the gaming surge with world-class ecosystems and youth-driven expansion. Across the region, governments...
With dollars dominating the country's economy, Baghdad has imposed a series of restrictions on the use of American greenbacks domestically....Transactions through the Central Bank electronic platform -- which ensures compliance with SWIFT -- have considerably increased, the bank's vice governor Ammar Khalaf told
"At the beginning of 2023, transactions were at $50 million per day. Now, we have around $200 million, which is consistent with the size of Iraq's economy," he added
- Geopolitical tensions sent oil prices climbing and weighed on equities as investors also continued to worry about prospects for interest...
Moscow has escalated its aerial attacks on Kyiv, targeting key infrastructure in the wake of Ukrainian attacks on Russian oil facilities.
Russia is a key producer of oil, while the Gaza-Israel war has given rise to worries about Middle Eastern crude supplies.
AL-DHAHRAN, SAUDI ARABIA – Aramco President and CEO Amin Nasser outlined the potential for stronger collaboration with Chinese partners in...The CEO acknowledged China's economic growth in recent decades, and expressed admiration for the country’s ability to overcome challenges.
He underscored the possibility of fostering broader economic globalization by strengthening ties with Chinese partners.
"The UAE has strengthened its position in the global economy. The total value of UAE assets abroad, whether government or...UAE's investments abroad remain strong, hitting $2.5 trillion in early 2024 despite global economic challenges.
Investments include deals with the US, Egypt, the UK, India, and upcoming focus on Europe for currency stability.
Manama, Bahrain--Saudi Arabia and Bahrain have signed a memorandum of understanding to boost road safety and maintenance in the two...The agreement looks to boost expertise exchange and cooperation between Bahrain and Saudi Arabia, focusing on joint efforts in infrastructure development and road safety
The Bahraini minister noted the strong relations between the two countries, emphasising the keenness to enhancing ties, particularly in infrastructure development
Dubai, UAE - The UAE's total assets abroad, encompassing both governmental and private investments, have reached $2.5 trillion as of...United States remained the prime destination, attracting substantial investments in bonds and direct ventures
Egypt closely follows with significant investments, along with the United Kingdom, India, and Morocco
BEIJING, CHINA – The head of the International Monetary Fund on Sunday called on China to implement "a comprehensive package of...Chinese policymakers have so far resisted calls to juice the economy through massive government stimulus.
Authorities should boost "the spending power of individuals and families" by beefing up China's pension system, IMF said.
ABU DHABI, UAE – Minister of Economy and Chairman of Investopia Abdullah bin Touq Al Marri attended the unveiling of...The fund's primary goal is to promote the development of TradeTech solutions and support the expansion of startups.
The announcement aligns with Investopia's vision to inspire entrepreneurs to expand into new economic sectors.
Montreal, Canada--The International Civil Aviation Organisation (ICAO) projected that passenger air traffic levels will be around 2 percent higher In...The aviation arm of the UN said that demand this year is forecast to be around 3 percent above 2019 levels and could reach 4 percent if the pace of recovery strengthens
According to its analysis, global demand expressed in Freight Tonne-Kilometres (FTK) is forecast to be around 2 percent below 2019 levels for the full year 2024
- Madrid-based Halo Space Company has selected Saudi Arabia as its launch site for space tourism, offering tours at $164,000 per...
Madrid-based Halo Space Company selects Saudi Arabia as its launch site for space tourism, offering tours at $164,000 per person for a stratospheric Earth view.
In June, a trial flight will take passengers 32 kilometers above Earth, using a helium balloon for an accessible adventure without the need for special training.
