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, UAE dominate healthcare deals in GCC, JLL says
Saudi Arabia and the UAE accounted for almost all investment activity in the Gulf’s healthcare sector over the past four years, underscoring the region’s growing…
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…
Will drones deliver your next hot food order?
Meal delivery is a luxury city dwellers take for granted – but more options are opening up for non-urban residents. Boasting nearly 700,000 islands collectively,…
Morocco tests floating solar panels to save water
Sun-baked Morocco, grappling with its worst drought in decades, has launched a pilot project aimed at slowing water evaporation while simultaneously generating green energy using…
Gold price hits record high as investors seek safety
The price of gold has hit a record high as demand for the precious metal remains strong amid global economic uncertainty. The spot gold price…
Beijing tightens control ahead of Xi’s big moment on world stage
The stage is set in the heart of Beijing for a grand display of power and military might that has been choreographed by President Xi…