Saudi Arabia plans to sustain borrowing spree to fund major projects beyond oil: report
Saudi Arabia secured a $2.5 billion revolving credit facility from Abu Dhabi Islamic Bank, Credit Agricole SA, and Dubai Islamic Bank, with total 2024 bond funding reaching $50 billion, according to a Bloomberg report.
Oil
TSMC’s H1 revenue up 40 percent
Robust demand for AI technology behind the surge.
‘Wadeem’ sold out for $1.49bn
This is the highest Abu Dhabi real-estate release to date.
Tesla Q2 sales down 13.5%
Shares rally after the disclosure, better than some forecasts.
TomTom cuts 300 jobs
The firm said it was realigning its organization as it embraces AI.
Aldar nets $953m in sales at Fahid
Aldar said 42 percent of the buyers are under the age of 45.
