Oil Retreats on US Tariff Uncertainty and OPEC+ Supplies
Oil prices slipped on Thursday as the possibility of US tariffs being reinstated raised demand concerns ahead of an expected supply boost by major producers.…
Category: FINANCE
Air France-KLM to Take Majority Stake in Scandinavian Airline SAS
Air France-KLM plans to increase its stake in Scandinavian airline SAS to 60.5%, the latest step towards consolidating Europe’s fragmented airline sector as carriers seek…
Saudi Arabia Pledges $25 Bln Investment to Support Africa
Saudi Arabia on Wednesday announced ambitious plans to scale up its diplomatic and economic presence in Africa, aiming to boost its investments on the continent…
Saudi Sovereign Fund Tops Global Governance, Sustainability Ranking
Saudi Arabia’s Public Investment Fund (PIF) has been ranked the top sovereign wealth fund globally in the 2025 Governance, Sustainability, and Resilience (GSR) rankings released…
Gold Market Holds in Narrow Range
Gold prices were stuck in range-bound trade on Thursday as investors awaited US non-farm payrolls data that could influence the Federal Reserve’s timeline for interest…
Jordan targets 80% debt-to-GDP ratio by 2028
Jordan aims to lower its public debt-to-gross domestic product ratio to 80 percent by 2028 under an International Monetary Fund-backed reform program, according to a…
Qatar’s economy sees annual growth of 3.7%
Qatar’s economy expanded by 3.7 percent in real terms in the first quarter of 2025 compared to the same period a year earlier, driven primarily…
Dubai aims to beat the traffic with 2026 Joby air taxi liftoff
Dubai commuters may soon have a new way to skip traffic: air taxis.Joby Aviation conducted the first test flight of its fully-electric air taxi in…
Saudi Estate Market Surpasses $44 Billion in First Half of 2025
The Saudi real estate market recorded a decline in the total value of transactions and in the average price per square meter during the first…