SABIC Expects Capital Expenditure of $4 Bn in 2025
Saudi Basic Industries Corporation (SABIC), one of the world’s largest petrochemical companies, reported a net loss of 1.21 billion riyals ($322.6 million) for…
Category: FINANCE
94% of UAE enterprises believe AI will enable long-term growth
As AI adoption accelerates across the UAE, business leaders are banking on its potential to drive long-term growth. A new YouGov survey commissioned…
China says wind and solar energy capacity exceeds thermal for first time
BEIJING – China’s wind and solar energy capacity has surpassed that of mostly coal-powered thermal for the first time, the national energy body…
Beijing accuses USA of ‘misleading the public’ about trade talks
BEIJING – China’s foreign ministry urged Washington on Friday to stop “misleading the public” on bilateral tariff negotiations, and said it wasn’t familiar…
China Denies It Is Currently in Talks with Washington over Tariffs
Beijing on Thursday denied it has held trade talks with Washington despite repeated comments from the US government suggesting there had been engagement.…
Gold Slips More Than 1% as China Considers US Tariff Exemption
Gold prices lost more than 1% on Friday and were heading for a weekly fall on signals of a potential de-escalation in the…
After Tesla’s Earnings Slide, Pressure’s On for Cybercab
The future of Elon Musk’s electric car company is murky. It may rest on Tesla’s forthcoming self-driving taxi service, which Musk says will…
IMF Cuts Growth Forecasts for Most Countries due High US Tariffs
The International Monetary Fund on Tuesday slashed its growth forecasts for the United States, China and most countries, citing the impact of US…
China’s President Xi Says Tariffs and Trade Wars Hurt World Economic Order
Chinese President Xi Jinping said on Wednesday that tariff and trade wars undermine the legitimate rights and interests of all countries, hurt the…
Saudi Social Development Bank passes $43.2 Billion Total Financing
The Saudi Social Development Bank has announced that its total financing since inception has exceeded SAR162 billion (USD43.2 billion), benefiting more than 10…