Saudi Arabia, UK announce $445m economic partnership
Saudi Arabia and the UK are set to strengthen their economic ties through more than £360 million ($445 million) in joint investments, Business Secretary Jonathan…
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Saudi Arabia Sells $5.5 Billion in Dual-tranche Sukuk Sale Strong Demand
Saudi Arabia continues to assert its position as a financial powerhouse in international markets, as its latest issuance of dollar-denominated Islamic bonds, or sukuk, witnessed…
Google told to pay $425m in privacy lawsuit
A US federal court has told Google to pay $425m (£316.3m) for breaching users’ privacy by collecting data from millions of users even after they…
Property tech, gaming firms lead major funding rounds
Investor confidence is rising in Middle East startups, from proptech funding rounds to strategic bets in the growing gaming sector. These moves reflect a broader…
Egypt’s Net Foreign Assets Jump to a Record $18.5 Billion in July
Egypt’s net foreign assets rose by $3.54 billion in July to a record $18.5 billion, central bank data showed, as Gulf investments, a currency devaluation…
Developing Countries Swapping Out of Dollar Debt
Developing countries are moving out of dollar debts and turning to currencies with rock bottom interest rates such as the Chinese renminbi and Swiss franc,…
Lebanon’s Central Bank Shifts Responsibility for ‘al-Qard al-Hassan’ to the State
Lebanon’s central bank has placed responsibility for handling “al-Qard al-Hassan,” the financial arm of Hezbollah, squarely on the state. In a statement clarifying Circular No.…
Trump and sons’ stake in crypto firm worth $5bn
The crypto token backed by the Trump family has started publicly trading, giving the holdings owned by the US president and his sons a value…
Saudi Arabia Private Sector Drives Housing Projects Worth Over $106 Billion
Saudi Arabia’s Minister of Municipalities and Rural Affairs and Housing, Majid Al-Hogail, announced that the value of housing projects executed in partnership with the private…
UK borrowing costs hit 27-year high adding to pressure on Reeves
Long-term government borrowing costs in the UK reached their highest level since 1998 on Tuesday, adding to the pressure on the chancellor ahead of the…