Saudi Banks Upgrade Systems to Align with New Commercial Regulations
The Saudi Central Bank has instructed all banks and financial institutions in the Kingdom to update their internal technical systems to comply with the newly…
Category: FINANCE
Taiwan FM We Produce up to 95% of the Most Advanced Chips
Taiwan’s Foreign Minister Dr. Lin Chia-Lung believes that his country will play a main role in semiconductors supply chains, explaining that the COVID-19 pandemic and…
Goldman Backs Bitcoin ETF Surge
BlackRock’s spot bitcoin ETF, IBIT, has achieved a 20-day streak of consecutive net inflows. This marks the longest run of any U.S. spot Bitcoin ETF…
EBRD supports Dislog Group’s growth strategy in Morocco
The European Bank for Reconstruction and Development (EBRD) is supporting Dislog Group in Morocco with a US$ 25 million (MAD equivalent) equity investment. Founded in 2005, Dislog…
Gold Falls as Positive US-China Tariff Talks
Gold slipped on Monday as positive US-China trade talks alleviated market fears, leading investors to shift from safe-haven assets towards riskier investments. Spot gold fell…
US and China agree to slash tariffs for 90 days
The US and China have agreed a deal that will significantly cut the import tariffs, or taxes, both sides have imposed on one another for…
UK’s Deliveroo bought by US DoorDash in £2.9bn deal
Deliveroo, the food delivery app, has agreed to be taken over by US giant DoorDash in a deal valuing the business at £2.9bn. The combined…
Oil Climbs $1 as Price Drop Triggers Buying
Oil gained more than $1 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a decision by OPEC+ to boost output sent…
Saudi Chambers Federation Organizes Saudi-Egyptian Business Forum
The Federation of Saudi Chambers and Egypt’s General Authority for Investment and Free Zones (GAFI) on Monday held the Saudi-Egyptian Business Forum in Cairo with…