Saudi Arabia: A move to convert its deposits in Egypt into investments
Saudi Investment Minister Khalid Al-Falih said in a meeting with Egyptian government officials on Thursday that "the Kingdom has a...
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Brazil plans to invest $4.1 billion in artificial intelligence
Brazil plans to invest $4.1 billion by 2028 in artificial intelligence, with the goal of developing its own "supercomputer," according to...
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Gold rises amid hopes of various interest rate cuts
Gold prices rose in Asian trading on Monday amid expectations of a U.S. interest rate cut in September and rising geopolitical tensions...
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Gulf States, Turkey Start Free Trade Negotiations
The first round of negotiations on the free trade agreement between the Gulf Cooperation Council countries and Turkey will begin in the...
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Aldar Properties achieves $900 million in profits in 6 months
Abu Dhabi-listed Aldar Properties PJSC (ADX:ALDAR) has announced its first-half results for the current year, with net profit (after tax)...
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National Bank of Kuwait profits rise 11% in Q2 2024
The net profits of the National Bank of Kuwait increased during the second quarter of this year. The financial results announced by the...
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Al-Jadaan: We support the international tax cooperation agenda
Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan said that despite the remarkable recovery in the global economy, it is still below...
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Egypt looks forward to IMF approval of third review
Finance Minister Ahmed Kouchouk said that Egypt is dealing with complex geopolitical repercussions with great balance, within the...
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Citigroup: Trump's return will lead to a decline in oil prices
Citigroup Inc. said in a research note that Donald Trump's presidency could have a bearish impact on oil prices due to a combination of...
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G20 agrees to work together on taxing the richest
The G20 nations agreed to work together to tax the richest people but failed to reach agreement on a global tax system, according to a...
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North Korea's economy returns to growth after years of contraction
North Korea's economy is set to grow sharply in 2023 after three straight years of contraction, helped by growing trade with China after...
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Algerian President: Algeria's economy jumped to third place in Africa
Algerian President Abdelmadjid Tebboune stressed that his country has embarked on deep and structural reforms to correct imbalances in...
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OpenAI announces a new search engine.. Will it threaten Google?
OpenAI has announced that it is testing a search engine on a small group of users, and intends to integrate this functionality into...
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To meet summer demand... Saudi Arabia imports fuel oil from Kuwait
Saudi Arabia imported fuel oil from Kuwait in July for the first time in more than two years in a rare move to meet the growing demand...
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Amid fears of weak demand in China, oil prices are declining
Oil prices fell on Thursday, after concerns about weak demand in China, the world's largest crude importer, and expectations that a...
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Ethereum funds attract $106 million in its first day
Data showed that the nine exchange-traded funds linked to the spot price of Ethereum, the second largest cryptocurrency in the world,...
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By up to 15%... Egypt raises fuel prices
On Thursday, Egypt raised the prices of a wide range of fuel products, four days before the International Monetary Fund conducted a third...
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Borouge Emirates signs an agreement to establish a polyolefin production complex in China
Borouge, an Emirati company, announced on Tuesday that it has accelerated the implementation of its growth plans in major Asian markets...
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Gold prices rise as investors await the release of US economic data
Gold prices rose on Wednesday, as investors awaited US economic data that may affect the US Federal Reserve’s decision regarding the...
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The Saudi Investment Fund appoints a new head of investment strategy
The Saudi Public Investment Fund, which manages about $925 billion, said on Tuesday that it had appointed Fahd Al-Saif as the new head of...
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