Daily news
June 28, 2024
Webtoon Entertainment Prices IPO at Top Range, Raising $315 Million 🚀

Webtoon Entertainment (WBTN.O) has priced its initial public offering (IPO) at $21 per share, the…

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June 28, 2024
SEC Nears Approval for Ether ETFs as Talks Reach Final Stages ✅

The U.S. Securities and Exchange Commission (SEC) could approve exchange-traded funds (ETFs) tied to the…

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June 28, 2024
Japanese Authorities Signal Readiness to Intervene in Currency Market 🇯🇵

Japanese Finance Minister Shunichi Suzuki stated on Thursday that authorities are prepared to take necessary…

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June 28, 2024
Saudi Arabia’s Tadawul All Share Index Drops Amid Mixed Performances 📉

Saudi Arabia’s Tadawul All Share Index fell on Wednesday, losing 74.42 points, or 0.63 percent,…

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June 28, 2024
Shift Up Set to Raise $313 Million in IPO 👏🏽

South Korean gaming company Shift Up is poised to price its initial public offering (IPO)…

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June 28, 2024
Saudi Aramco to Purchase 5 Million Tonnes of LNG Annually from Sempra 🇸🇦

Saudi Aramco has agreed to buy 5 million tonnes of liquefied natural gas (LNG) per…

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June 28, 2024
Birkenstock Prices $756 Million Secondary Offering 💵

German sandal maker Birkenstock announced on Wednesday it has priced a $756 million secondary offering…

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June 27, 2024
Arabian Mills to List 15.4 Million Shares on Saudi Stock Exchange ✅

Dubai: Arabian Mills for Food Products plans to list 15.4 million shares, representing a 30%…

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June 27, 2024
Bank of Canada Governor Predicts Soft Landing for Economy Amid Rising Unemployment 🇨🇦

Bank of Canada Governor Tiff Macklem forecasts a soft landing for the country’s economy, suggesting…

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June 27, 2024
Siemens Energy Secures $1.5 Billion Deal for Saudi Gas-Fired Power Plants 🫱🏽‍🫲🏻

Siemens Energy has signed a $1.5 billion deal to supply key components for the Taiba…

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June 27, 2024
Quantum Capital Group Acquires Caerus Oil and Gas for $1.8 Billion ✍🏽

Quantum Capital Group has agreed to purchase Caerus Oil and Gas in a deal valuing…

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June 26, 2024
Saudi Arabia’s Bond Market Set for Expansion Amid Financial Sector Growth 🇸🇦

Saudi Arabia’s bond market is poised for expansion, reflecting significant growth opportunities in the Kingdom’s…

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June 26, 2024
Volkswagen Invests $5 Billion in Rivian for Joint EV Venture 💰

German automaker Volkswagen Group announced a $5 billion investment in U.S. electric-vehicle maker Rivian as…

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June 26, 2024
Crypto Market Faces Steep Losses Amid ETF Withdrawals and Regulatory Uncertainty 📉

The cryptocurrency market grapples with significant losses following its second-worst weekly decline of 2024, driven…

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June 26, 2024
Microsoft’s $1.5 Billion AI Investment in G42 Welcomed by White House 💰

Microsoft’s $1.5 billion investment in the AI firm G42, based in the United Arab Emirates,…

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June 26, 2024
India’s Inclusion in Global Bond Index Spurs Investor Activity 🇮🇳

Most investors are active fund managers who have already increased their exposure to India ahead…

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June 26, 2024
World Bank Approves $700 Million for Egypt’s Economic and Green Growth 👍🏽

The World Bank has sanctioned $700 million to support Egypt’s private sector, economic resilience, and…

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June 25, 2024
IBM Shares Rise on AI Growth and Positive Analyst Outlook 📊

IBM shares gained 1.5% on Monday after Goldman Sachs initiated coverage with a “buy” rating…

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June 25, 2024
TWFG Reports 27% Profit Surge Ahead of U.S. IPO 🚀

TWFG announced a nearly 27% increase in annual net profit, reaching $26.1 million for the…

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June 25, 2024
Saudi Arabia’s Construction Sector to Hit $181.5 Billion by 2028📈

Saudi Arabia’s construction output value is forecasted to reach $181.5 billion by 2028, marking a…

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June 25, 2024
Under Armour Settles 2017 Shareholder Lawsuit for $434 Million 💰

Under Armour announced on Friday that it has agreed to a $434 million settlement to…

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June 25, 2024
Oman’s Capital Market Sees Surge in Foreign Investment and Trading Activity 📈

Oman’s capital market has seen a significant increase in foreign investment, attracting investors from 135…

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June 25, 2024
Apple Faces EU Charges Over App Store Rules Under Digital Markets Act ⚖️

Apple’s App Store rules have been found in breach of EU tech regulations, according to…

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June 25, 2024
Bond Vigilantes’ Wake-Up Call for the U.S.: A Cautionary Tale from France 🇫🇷🇺🇸

The recent turmoil in French bond markets serves as a stark reminder for the United…

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June 24, 2024
Nvidia to Deploy AI Technology in Ooredoo’s Data Centers Across Middle East 👨‍💻

Nvidia has entered into an agreement to deploy its artificial intelligence (AI) technology in data…

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June 24, 2024
ByteDance Collaborates with Broadcom on Advanced AI Processor Amid U.S.-Sino Tensions 🤝

China’s ByteDance is partnering with U.S. chip designer Broadcom to develop an advanced AI processor,…

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June 24, 2024
Saudi Arabia’s Trade Balance Surplus Reaches Year-High on Non-Oil Export Surge 🇸🇦

Saudi Arabia’s trade balance surplus soared to a year-high of SR41.4 billion ($11.04 billion) in…

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June 17, 2024
Emirates Fined $1.5 Million for Operating Flights in Prohibited Airspace 🛫

The U.S. Transportation Department announced on Thursday that Emirates has been fined $1.5 million for…

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June 17, 2024
New York Community Bancorp Acquires Signature Bank Assets 🗽

New York Community Bancorp (NYCB) announced on Thursday its acquisition of assets from the failed…

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June 17, 2024
Japanese Shares Climb Amid BOJ’s Cautious Bond Purchase Strategy 🇯🇵

Japanese shares rose on Friday, outshining weaker Asian markets, following the Bank of Japan’s (BOJ)…

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June 17, 2024
Tech Momentum Trade Expected to Persist, Says Economist Jeremy Siegel 📲

The tech momentum trade that has driven the stock market higher over the past year…

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June 17, 2024
Saudi Arabia’s SMASCO to Expand Reach with IPO 🇸🇦

Saudi Manpower Solutions Co. (SMASCO), the Kingdom’s leading service provider, is set to expand its…

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June 14, 2024
Saudi Arabia’s ACWA Power to Raise $1.9 Billion for Expansion 🇸🇦

ACWA Power plans to raise SR7.13 billion ($1.89 billion) to support its ambitious growth strategy….

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June 14, 2024
US Inflation Eases in May as Consumer Prices Slow 🇺🇸

Inflation in the US showed signs of easing in May, with the Consumer Price Index…

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June 14, 2024
EU Imposes Extra Tariffs on Chinese Electric Vehicles 🚘

The European Commission announced additional duties of up to 38.1% on Chinese electric vehicles (EVs)…

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June 14, 2024
Elon Musk Drops Lawsuit Against OpenAI ⚖️

Elon Musk has withdrawn his lawsuit against OpenAI, which he co-founded, accusing it of deviating…

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June 14, 2024
Apple Unveils ‘Apple Intelligence’ in Partnership with OpenAI 🫱🏽‍🫲🏻

Apple has introduced “Apple Intelligence,” a suite of AI features for its devices, in collaboration…

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June 14, 2024
Fortis Expands into Saudi Arabia’s Fintech Market 🇦🇪🇸🇦

Fintech companies are rapidly expanding in Saudi Arabia, with the nation becoming an increasingly attractive…

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June 14, 2024
Carlos Slim Acquires 3.16% Stake in BT, Boosting New CEO Allison Kirkby ✍🏽

Mexican magnate Carlos Slim has acquired a 3.16% stake in BT, Britain’s largest broadband and…

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June 14, 2024
Virgin Galactic Shares Plummet After Board Approves Reverse Stock Split 🔻

Virgin Galactic Holdings Inc. saw its shares tumble after the company’s board of directors agreed…

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June 12, 2024
GM Authorizes New $6 Billion Stock Buyback Amid Strong Demand for Gas-Powered Vehicles 🚦

General Motors (GM) announced Tuesday that its board has approved a new repurchase authorization to…

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June 12, 2024
S&P 500 and Nasdaq Hit Record Highs, Boosted by Apple’s Surge 📈

The S&P 500 and Nasdaq achieved record closing highs for the second consecutive day on…

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June 12, 2024
Capital Group Aims for Growth and Diversification Amid Market Shifts 📊

Capital Group, a Los Angeles-based firm renowned for its active fund management, is set to…

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June 12, 2024
OPEC Maintains 2024 Oil Demand Forecast, Cites Robust Market Drivers 🛢️

The Organization of the Petroleum Exporting Countries (OPEC) has maintained its projection for global oil…

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June 12, 2024
UBS’s Takeover of Credit Suisse Raises Concerns Over Market Impact 🤨

UBS’s takeover of Credit Suisse has sparked concerns about the repercussions for Swiss companies due…

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June 12, 2024
Ceer Secures $2.18 Billion Agreement with Hyundai Transys for EV Drive Systems 🚘

Saudi Arabia’s pioneering electric vehicle brand, Ceer, has finalized an SR8.2 billion ($2.18 billion) agreement…

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June 11, 2024
Bitcoin and Ether Lead Crypto Investment Surge with $2 Billion Inflows 🪙

Crypto investment products saw nearly $2 billion in inflows last week, extending a five-week run…

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June 11, 2024
Japan Startup Timee Targets $1 Billion Valuation in July IPO🎯

Japanese startup Timee, which operates a platform connecting workers seeking side gigs with labor-strapped businesses,…

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June 11, 2024
IndiGo’s Largest Shareholder to Sell 2% Stake Worth $394 Million 🇮🇳

Interglobe Enterprises, the largest shareholder in India’s IndiGo airline, will sell a 2% stake in…

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June 11, 2024
Rio Tinto Increases Stake in Boyne Smelters with Mitsubishi Buyout 🫱🏽‍🫲🏻

Mining giant Rio Tinto announced it will acquire Mitsubishi Corp’s 11.65% stake in Boyne Smelters…

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June 11, 2024
JPMorgan Upgrades Walmart to ‘Overweight,’ Citing Strong Growth Prospects 🗣️

JPMorgan has upgraded Walmart to ‘Overweight’ from ‘Neutral’ and raised its price target to $81,…

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June 11, 2024
Apple’s Developer Conference Highlights AI-Driven iPhone Upgrades 📱

Apple’s recent developer conference went beyond showcasing the latest AI technology, including integrations with ChatGPT,…

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June 11, 2024
Saudi Aramco Tops Forbes Middle East’s Top 100 Listed Companies for 2024 🥇

Energy giant Saudi Aramco has retained the top spot in Forbes Middle East’s Top 100…

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June 11, 2024
Nvidia’s Rise to $3 Trillion Propels Jensen Huang’s Wealth to Record Levels 🚀

Jensen Huang, co-founder and CEO of Nvidia, has risen significantly in the ranks of the…

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June 10, 2024
Dr Pepper Surpasses Pepsi to Become the Second Largest Soda Brand 🥤

In a surprising shift, Dr Pepper has overtaken Pepsi in sales, making it the second…

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June 10, 2024
ITFC Allocates $3.8 Billion to Enhance Energy Sectors in Member Countries 💰

The International Islamic Trade Finance Corp. (ITFC), a key entity within the Islamic Development Bank…

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June 10, 2024
Elliott Investment Management Takes $2 Billion Stake in Southwest Airlines 🛩️

Activist investor Elliott Investment Management has acquired a nearly $2 billion stake in Southwest Airlines…

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June 10, 2024
Euro Falls Amid French Political Uncertainty, Dollar Steady Ahead of Fed Meeting 💶

The euro dropped to $1.0764, its lowest since May 9, after French President Emmanuel Macron…

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June 10, 2024
Kuwait’s ‘A+’ Credit Rating Affirmed by S&P Amid Strong Financial Assets 🇰🇼

Kuwait has secured an ‘A+’ sovereign credit rating with a stable outlook from Standard &…

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June 10, 2024
Investors Anticipate Fed’s Interest Rate Projections Amid Global Economic Updates🤔

Investors are keenly watching the Federal Reserve’s upcoming policy update on Wednesday, which will provide…

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June 10, 2024
Saudi Arabia’s Economy Grows in Q1 2024 Driven by Non-Oil Activities 🇸🇦

Saudi Arabia’s real gross domestic product (GDP) grew by 1.4 percent in the first quarter…

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June 9, 2024
Oil and Gas Industry Requires $4.3 Trillion Investment by 2030, Says IEF Report 💰

The oil and gas industry needs cumulative investments of $4.3 trillion from 2025 to 2030…

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June 9, 2024
Tadawul Index Rises as Miahona Debuts Strongly on Saudi Main Market 📊

Saudi Arabia’s Tadawul All Share Index rose by 7.23 points, or 0.06 percent, closing at…

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June 7, 2024
Meta Launches AI-Driven Ad Targeting on WhatsApp🤳🏽

Meta (META.O) has launched its first AI-driven ad targeting program for businesses on WhatsApp, aiming…

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June 7, 2024
GameStop Shares Surge Nearly 50% on “Roaring Kitty” Announcement 📈

Shares of GameStop (GME.N) surged nearly 50% on Thursday after Keith Gill, known online as…

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June 7, 2024
Sinopec Signs $1.1 Billion Deal to Build Natural Gas Pipelines for Saudi Aramco ✍🏽

A Sinopec service unit announced on Thursday that it has signed a 7.956 billion yuan…

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June 7, 2024
Texas Stock Market Aims to Challenge NYSE and Nasdaq 🫵

BlackRock Inc., Citadel Securities, and other investors are backing a new Texas stock market, challenging…

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June 7, 2024
SAMA Partners with Global Institutions to Develop Cross-Border Payments Infrastructure 🌎

The Saudi Central Bank (SAMA) has partnered with international financial institutions and central banks to…

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June 7, 2024
Wall Street Rallies as Services Activity Surges; Nasdaq Hits Record High 📈

Wall Street rallied on Wednesday, driven by a stronger-than-expected expansion in services activity for May,…

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June 6, 2024
SEC Chair Discusses Timing for Ether ETF Trading Amid Industry’s Surprise Approval 🗣️

The timeline for when exchange-traded funds (ETFs) tied to the cryptocurrency ether can commence trading…

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June 6, 2024
Nvidia Surpasses Apple in Valuation, Reaching $3 Trillion Mark 🏆

Nvidia (NVDA.O) surged to record highs on Wednesday, with the AI chipmaker’s valuation breaching the…

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June 6, 2024
Saudi Arabia’s PIF Prices £650 Million Sterling Bond Offering to Diversify Funding Sources 🇸🇦

Saudi Arabia’s Public Investment Fund (PIF) has successfully priced its inaugural sterling bond offering of…

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June 6, 2024
Oman’s Sovereign Wealth Fund Sees 7.4% Increase in Total Assets, Reaches $49.9 Billion in 2023 🇴🇲

Oman’s sovereign wealth fund, managed by the Oman Investment Authority (OIA), reported a significant growth…

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June 6, 2024
Elliott Management Rebuilds $2 Billion Stake in SoftBank, Pushes for $15 Billion Share Buyback 💸

Elliott Management has rebuilt a stake worth over $2 billion in SoftBank Group (9984.T) and…

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June 6, 2024
Alex Savvides to Lead Jupiter’s £1.6 Billion UK Special Situations Fund 👨🏼‍💼

Jupiter Fund Management (JUP.L) announced on Wednesday that Alex Savvides will assume management of its…

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June 5, 2024
Apollo Global Management Acquires 49% Stake in Intel’s Irish Manufacturing Facility for $11 Billion ✍️

Apollo Global Management (APO.N) has agreed to acquire a 49% equity interest in Intel’s (INTC.O)…

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June 5, 2024
Tesla to Spend Up to $4 Billion on Nvidia Hardware for AI Development 💵

Tesla (TSLA.O) is projected to spend between $3 billion and $4 billion on Nvidia (NVDA.O)…

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June 5, 2024
ACWA Power Sells 30% Stake in Rabigh Project for $225 Million 💰

Saudi-listed ACWA Power has agreed to sell 30 percent of its stake in the Rabigh…

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June 4, 2024
Google’s Expanded AI Tools and Eslando’s Accelerator Program Participation ⚙️

Google has unveiled new AI tools designed to boost advertising and search capabilities for brands…

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June 4, 2024
LVMH Extends AI Partnership with Alibaba Cloud for Enhanced Customer Experiences in China 🤝

Luxury conglomerate LVMH has announced the extension of its partnership with Alibaba Cloud to leverage…

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June 4, 2024
Reserve Managers Favor U.S. Dollar Over Yuan Amid Geopolitical Tensions 💵

Global reserve managers are increasingly leaning towards the high-yielding U.S. dollar, spurred by geopolitical tensions…

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June 4, 2024
Flyadeal Considering Major Jet Purchase Amid Saudi Aviation Expansion 🛩️

Saudi budget airline flyadeal is evaluating a significant order for between 10 and 20 wide-body…

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June 4, 2024
NYSE Glitch Leads to Incorrect Stock Prices and Trading Halts ⁉️

A technical glitch at the New York Stock Exchange (NYSE) on Monday resulted in incorrect…

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June 4, 2024
Spotify Announces Price Hikes, Stock Rises 5.6% 🎧

Spotify (SPOT) stock jumped 5.6% on Monday following the announcement of upcoming price hikes for…

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June 3, 2024
NuScale Power Stock Surges, But Investors Should Exercise Caution 📈

NuScale Power (NYSE: SMR) has captivated Wall Street, with its stock soaring over 100% in…

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June 3, 2024
JPMorgan Expands AI Tool to Enhance Investment Decisions 🤝

Artificial intelligence is becoming a pivotal tool in investment decisions at top asset managers, including…

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June 3, 2024
Dow and S&P 500 Surge in Month-End Rally 📊

The Dow Jones Industrial Average and S&P 500 ended higher on Friday, with the Dow…

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June 3, 2024
Thimsa Launches Beta Platform to Revolutionize Business Payments in the GCC 📲

Fintech startup Thimsa, co-founded by two Saudi entrepreneurs and a financial expert, has launched a…

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June 3, 2024
Tesla Shareholder Sues Elon Musk for Insider Trading 🚨

A Tesla shareholder has filed a lawsuit accusing CEO Elon Musk of insider trading, alleging…

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June 3, 2024
Global LNG Supply to Surge 80% by 2030, Easing Energy Crisis 🚀

The global liquefied natural gas (LNG) supply is set to increase by 80% by 2030,…

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June 2, 2024
Wall Street Market Reaction to Economic Data 🇺🇸

Wall Street saw stocks drop and bonds rise following data indicating a slowdown in economic…

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June 2, 2024
Klarna CEO Faces Backlash Over AI Cost-Cutting Measures 😠

Klarna’s CEO, Sebastian Siemiatkowski, sparked a heated debate on social media after revealing how the…

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June 2, 2024
Trump Media Shares Drop Following Trump’s Conviction for Document Falsification ⬇️

Shares of Trump Media & Technology Group (DJT.O) fell 6.5% late on Thursday after a…

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June 2, 2024
Saudi Aramco Announces $10 Billion Secondary Public Offering 🇸🇦

Saudi Aramco announced plans to sell 1.545 billion shares valued at over $10 billion on…

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May 31, 2024
Bullish Wall Street Calls Boost Netflix Shares Amid Promising Growth Projections 📺

Netflix stock surged 2% following optimistic assessments from Wall Street analysts highlighting its growth potential….

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May 31, 2024
Musk Faces Shareholder Lawsuit Over Covert Twitter Stake Acquisition ⚖

Elon Musk, who covertly acquired a significant stake in Twitter Inc. in early 2022 before…

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May 31, 2024
HP Beats Revenue Estimates, Signals Recovery in PC Market 🖥️

HP Inc. surpassed Wall Street estimates for second-quarter revenue, signaling a revival in the PC…

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May 31, 2024
Nelson Peltz’s Trian Fund Sells Entire Stake in Disney After Boardroom Battle 💸

Billionaire Nelson Peltz’s Trian Fund Management has sold its entire stake in Walt Disney following…

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May 31, 2024
Saudi Arabia and Lenovo Partner to Establish Sustainable Manufacturing Hub

Saudi Arabia’s Alat has partnered with Lenovo Group to invest $2 billion through zero-coupon convertible…

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May 30, 2024
Salesforce Shares Plummet Over 16% on Weak Q2 Forecast

Salesforce (CRM.N) shares dropped more than 16% after trading hours on Wednesday following the company’s…

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May 30, 2024
IMF Raises China’s Growth Forecast for 2024 to 5% 🇨🇳

China’s economy is projected to grow 5% in 2024, up from the earlier forecast of…

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May 30, 2024
Hess Shareholders Approve $53 Billion Merger with Chevron 🤝

Hess shareholders approved the proposed $53 billion merger with Chevron, positioning Chevron to gain a…

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May 30, 2024
Saudi Arabia’s Diversified Economy and Johnson Controls Arabia’s Global Aspirations 🇸🇦

While many perceive Saudi Arabia solely as an oil exporter, its economy is already diversified…

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May 30, 2024
Robinhood Announces $1 Billion Share Buyback Plan Amidst Expansion and Recovery ⏮️

Robinhood Markets (HOOD.O) announced its first share buyback plan on Tuesday, committing to repurchase $1…

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May 29, 2024
Seoul Authorities Find Toxic Chemicals in Shein Products 🇰🇷

Seoul city authorities have discovered high levels of toxic chemicals in children’s products sold by…

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May 29, 2024
Saudi Tech Firm Al-Moammar Information Systems to Invest in Elon Musk’s xAI 🇸🇦

Saudi tech company Al-Moammar Information Systems Co. (MIS) plans to invest $1 million in a…

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May 29, 2024
Oil Prices Edge Up Amid U.S. Summer Demand and OPEC+ Meeting 🛢️

Oil prices edged up in Asia on Tuesday, extending gains from the previous session due…

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May 29, 2024
Potbelly’s Quarterly Earnings: A Mixed Bag in a Resilient Sector 📊

Quarterly earnings are crucial for evaluating a company’s performance. Potbelly (NASDAQ: PBPB) reported Q1 revenues…

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May 29, 2024
ECB Should Reserve QE for Crises, Says Board Member Isabel Schnabel 💭

The European Central Bank (ECB) should primarily use quantitative easing (QE) programs during times of…

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May 29, 2024
Gold Prices Steady as Dollar Eases Ahead of Key U.S. Inflation Data ⚜️

Gold prices held steady on Tuesday, with spot gold flat at $2,350.85 per ounce as…

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May 29, 2024
ADNOC Sets Ambitious Manufacturing Target to Bolster UAE’s Industrial Sector 🇦🇪

The Abu Dhabi National Oil Co. (ADNOC) has announced plans to increase its local manufacturing…

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May 29, 2024
Private Sector Investment in Riyadh’s Sports Boulevard Project to Double 💰

Private sector participation in Riyadh’s Sports Boulevard project is set to increase as the foundation…

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May 29, 2024
G7 Meeting: Japan Pushes to Counter Yen Decline Amid Rising Bond Yields 🇯🇵

Japan renewed efforts to counter excessive yen falls during the G7 finance leaders’ weekend meeting,…

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May 28, 2024
Bill Gross Warns Trump’s Return Would Hit Bond Market Harder Than Biden’s Term 🇺🇸

If Donald Trump returns to the White House, it would worsen budget deficits and negatively…

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May 28, 2024
UBS to Choose Internal Successor for CEO Sergio Ermotti 👨🏼‍💼

UBS has ruled out appointing an outsider as the successor to CEO Sergio Ermotti, planning…

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May 28, 2024
S&P Reaffirms Bahrain’s Credit Rating Amid Fiscal Consolidation Efforts 🇧🇭

S&P Global Ratings has reaffirmed Bahrain’s “B+/B” credit standing with a stable outlook, recognizing the…

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May 28, 2024
Elon Musk’s xAI Raises $6 Billion in Series B Funding Round 💰

Elon Musk’s artificial intelligence startup, xAI, has raised $6 billion in a Series B funding…

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May 27, 2024
Samsung’s HBM Chips Face Challenges in Nvidia’s AI Processors Tests 📳

Samsung Electronics’ latest high bandwidth memory (HBM) chips have failed Nvidia’s tests for AI processors…

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May 27, 2024
Ryanair CEO Raises Concerns Amid Europe’s Economic Optimism 👨🏼‍💼

Despite recent positive economic indicators in Europe, such as falling inflation and anticipated growth, Ryanair’s…

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May 24, 2024
Saudi Aramco Balances Oil Production with Green Innovations 🇸🇦

Saudi Aramco, the world’s largest oil producer, is investing heavily in environmental research and technologies….

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May 24, 2024
Dow Drops Over 600 Points, Marking Worst Day of 2024 Amid Inflation Concerns 📉

US stocks suffered significant losses on Thursday, with the Dow Jones recording its worst day…

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May 23, 2024
Manchester United’s Market Valuation and Investment Potential ⚽️

Manchester United (NYSE:MANU) has been reported as the world’s most valuable football club, with a…

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May 23, 2024
Global Hedge Funds Boost Chinese Equity Holdings Amid Market Rebound 🇨🇳

Global hedge funds have increased their holdings of Chinese equities for the fourth consecutive week,…

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May 23, 2024
EU Approves Landmark AI Rules Amid Global Safety Pledge 🇪🇺

EU states have finalized landmark regulations on artificial intelligence (AI) that will govern powerful systems…

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May 23, 2024
JPMorgan Withdraws Shareholder Resolution Amid Policy Changes ↪️

A conservative shareholder has withdrawn a resolution filed for a vote at JPMorgan’s annual meeting…

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May 22, 2024
Citigroup Fined £62M for Trading System Failures ⏬

UK regulators have imposed a combined £62 million fine on Citigroup for inadequate controls in…

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May 22, 2024
Saudi Arabia and Japan Sign Landmark Renewable Energy Agreements 🇸🇦🇯🇵

The Saudi Power Procurement Co. signed two significant power purchase agreements with a consortium led…

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May 22, 2024
Palo Alto Networks Faces Market Setback Amid Concerns Over Slowdown in Cybersecurity 👨🏽‍💻

Palo Alto Networks Inc. experienced a significant decline in late trading following a downbeat forecast…

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May 22, 2024
Hard Rock International Denies Involvement in Star Entertainment Takeover 🙅🏻

Florida-based Hard Rock International has denied any involvement in a takeover bid for Australia’s Star…

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May 22, 2024
Brokerages Raise S&P 500 Targets Amid Optimistic Economic Outlook 📈

Brokerages have increased their year-end targets for the S&P 500, driven by expectations of a…

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May 22, 2024
IMF Warns Italy on Budget Deficit and Debt, Urges Swift Reforms 🇮🇹

Italy’s significant budget deficit and soaring debt, coupled with delays in post-COVID EU fund spending,…

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May 21, 2024
Riyadh Air to Showcase Stylish Cabin Crew Uniforms at Paris Fashion Week 🧑‍✈️

Riyadh Air, Saudi Arabia’s newest airline, will debut its cabin crew uniforms at the upcoming…

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May 21, 2024
Nvidia and Dell Forge Partnership to Expand AI Capabilities Globally 🫱🏽‍🫲🏻

Nvidia Corp. CEO Jensen Huang announced a strategic partnership with Dell Technologies Inc. aimed at…

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May 20, 2024
Sainsbury’s Partners with Microsoft to Harness AI for Enhanced Shopping Experience 🛒

Britain’s Sainsbury’s (SBRY.L) announced a five-year strategic partnership with Microsoft (MSFT.O) on Friday, leveraging the…

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May 20, 2024
HSBC Shares Drop Over 3% Amid Reports of Ping An Stake Reduction 📉

Shares of HSBC Holdings fell over 3% in Hong Kong on Friday following reports that…

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May 20, 2024
Dow Jones Breaks 40,000 Points for the First Time in History 👏🏽

The Dow Jones Industrial Average (.DJI) briefly surpassed 40,000 points for the first time in…

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May 20, 2024
Saudi Arabia’s Holdings in US Treasuries Increase for Eighth Consecutive Month 🇸🇦🇺🇸

Saudi Arabia’s holdings in US treasuries rose for the eighth consecutive month in March, reaching…

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May 17, 2024
Netflix’s Ad-Supported Plan Surges to 40 Million Users, Gains Significant Advertiser Attention 🔋

Netflix Inc. has reported a significant surge in its ad-supported membership, now boasting 40 million…

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May 17, 2024
Cristiano Ronaldo Invests in Wearable Tech Start-up Whoop as It Expands into Gulf ⚽️

Cristiano Ronaldo, the renowned Portuguese footballer, has made a substantial investment in Whoop, a wearable…

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May 17, 2024
Talaat Moustafa Group Attracts SAR 920 Million from Saudi Project in 3 Days 🔥

Egypt’s Talaat Moustafa Group secured reservations worth EGP 11.5 billion (SAR 920 million) for units…

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May 17, 2024
North Highland to Invest Millions in Saudi Arabia to Support Vision 2030 ✍🏽

Global consulting firm North Highland plans to invest millions of dollars in Saudi Arabia, aiming…

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May 16, 2024
Siemens Reports Q2 Earnings Decline Amid Slowdown in Factory Automation Division 📉

Siemens (SIEGn.DE) reported a decline in second-quarter earnings for its industrial business on Thursday, attributing…

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May 16, 2024
Pfizer to Settle Over 10,000 Lawsuits Related to Zantac for Up to $250 Million 🤝

Pfizer (PFE.N) will pay up to $250 million to settle more than 10,000 U.S. lawsuits…

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May 16, 2024
Musk Fires Tesla’s Charging Division, Prompting Concerns Over Network Expansion 🤞

The day before Elon Musk dismissed nearly all of Tesla’s electric-vehicle charging division last month,…

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May 16, 2024
BT Group’s New CEO Aims to Double Free Cash Flow by 2029 💰

The new chief executive of Britain’s BT Group (BT.L), Allison Kirkby, outlined a plan on…

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May 16, 2024
Saudi Space Agency and NASA Collaborate to Boost $2 Trillion Global Space Economy 👩🏽‍🚀🛰️

The Center for Space Futures, hosted by the Saudi Space Agency, aims to unite space…

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May 16, 2024
Saudi Arabia Pledges £3 Billion Investment to Boost North East England’s Economy 🇸🇦🇬🇧

North East England anticipates a significant economic upturn with a pledged investment of £3 billion…

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May 16, 2024
Meme Stocks Resurge, Fueling Market Frenzy 🚨

Meme stocks are back in the spotlight, igniting excitement among enthusiasts, frustration among critics, and…

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May 15, 2024
Saudi Arabia-UK GREAT Futures Initiative Conference Set to Strengthen Economic Ties 🇬🇧🇸🇦

The eagerly anticipated GREAT Futures Initiative Conference is poised to commence on Tuesday in Riyadh’s…

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May 15, 2024
Anglo American Unveils Strategic Overhaul Amid Takeover Bid Rejection ❌

In response to a takeover bid from BHP Group, Anglo American announced a comprehensive strategy…

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May 14, 2024
Oman’s Public Debt Sees Slight Dip, Efforts to Manage Obligations Applauded 🇴🇲

Oman’s public debt reached 15.1 billion Omani rials ($39.23 billion) by the end of March,…

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May 14, 2024
Saudi Stock Market Shows Mixed Results, ADES Reports Strong Revenue Surge 🇸🇦

In Monday’s trading session, Saudi Arabia’s Tadawul All Share Index closed at 12,259.60 points, marking…

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May 13, 2024
Nippon Steel Sticks to U.S. Steel Deal Despite Opposition 🇯🇵

Japan’s Nippon Steel is steadfast in its plan to finalize a deal to buy U.S….

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May 10, 2024
Hong Kong Collaborates with Saudi Arabia to Launch New Exchange-Traded Fund 🇸🇦🇭🇰

Hong Kong is in the process of developing an exchange-traded fund in collaboration with Saudi…

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May 10, 2024
Uber Shares Slide 9% After Surprise Quarterly Loss and Lower Bookings Forecast 🚓

Uber (UBER.N) reported a surprise quarterly loss and forecasted gross bookings below Wall Street expectations,…

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May 10, 2024
New York Community Bancorp Remains Cheapest U.S. Bank Stock 🇺🇸

New York Community Bancorp (NYCB.N) held its position as the cheapest U.S. bank stock among…

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May 10, 2024
Robinhood Markets Beats Q1 Profit Estimates Thanks to Crypto Trading Volumes 📈

Online brokerage Robinhood Markets (HOOD.O) surpassed estimates for first-quarter profit on Wednesday, largely due to…

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May 9, 2024
stc Group Receives Approval for Launch of Shariah-Compliant Fintech Solutions ✅

Saudi telecom giant stc Group has received approval from the Saudi Central Bank for the…

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May 9, 2024
FTX Reports Surplus Funds to Repay Customers After Collapse 💰

Collapsed cryptocurrency exchange FTX claims it has amassed billions more than needed to repay its…

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May 9, 2024
S&P 500 and Dow End Higher Despite Disney Dip 📊

The S&P 500 and Dow Jones Industrial Average both managed to end slightly higher on…

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May 9, 2024
Morgan Stanley Pushes U.S. Fed Rate Cut Forecast to September 🇺🇸

Morgan Stanley has revised its forecast for when the U.S. Federal Reserve will begin lowering…

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May 9, 2024
Toyota Forecasts 20% Profit Decline Amid Investment for Hybrid and EV Transition 🚘

Toyota Motor Corp is forecasting a 20% decline in profit for the current financial year…

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May 8, 2024
Telefonica Germany Moves One Million 5G Customers to AWS Cloud in Global First 🇩🇪📞

Telefonica Germany will shift one million 5G customers to Amazon Web Services (AWS) cloud later…

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May 8, 2024
Buffett Praises Apple and Berkshire Leaders, Signals Faith in Successors  🙌

At Berkshire Hathaway’s annual meeting, Warren Buffett assured shareholders that Vice Chairmen Greg Abel and…

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May 7, 2024
Bioniq to Bring Personalized Supplements Based on Blood Test Data to Key Saudi Cities 🇬🇧🇸🇦

Bioniq, in partnership with Al Borg Diagnostics, is set to offer personalized supplements based on…

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May 7, 2024
Saudi Aramco Sees Net Profit Increase in First Quarter 📈

Saudi Aramco reported a net profit of $27.27 billion for the first quarter of this…

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May 6, 2024
Mubadala Capital to Invest $13.5 Billion in Brazil’s Biofuel Market 🇧🇷💰

UAE’s Mubadala Capital plans to invest $13.5 billion in Brazil’s biofuel market over the next…

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May 6, 2024
Final Credit Suisse CEO Ulrich Korner to Leave UBS 👋

Ulrich Korner, who served as the final CEO of Credit Suisse, is set to leave…

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May 3, 2024
BlackRock and PIF Announce $5 Billion Multi-Asset Investment Platform in Riyadh 💸

BlackRock Saudi Arabia and the Public Investment Fund (PIF) have signed a memorandum of understanding…

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May 3, 2024
Exxon to Finalize $60 Billion Acquisition of Pioneer Following Agreement with FTC 📝

Exxon Mobil Corp is on the verge of finalizing its $60 billion acquisition of Pioneer…

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May 2, 2024
Russian Court Cancels Seizure of JPMorgan Funds in Russia Amid VTB Dispute 🇷🇺🚫

A Russian court has overturned the seizure of a portion of JPMorgan Chase’s assets in…

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May 2, 2024
S&P Global: Saudi Banks Likely to Seek Alternative Funding Amid Lending Surge 🇸🇦💰

Saudi banks may turn to alternative funding strategies due to the rapid increase in lending,…

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May 2, 2024
Saudi Arabia to Revolutionize Healthcare with AI, Minister Al Swaha Announces.

Saudi Arabia is set to transform its healthcare sector by adopting artificial intelligence (AI) technologies,…

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May 2, 2024
HSBC CEO Noel Quinn Retires Unexpectedly Amid Quarterly Profit Drop 👋

HSBC Group Chief Executive Noel Quinn is unexpectedly stepping down from his role after nearly…

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May 1, 2024
SES to Acquire Intelsat in $3.1 Billion Deal, Creating European Satellite Giant 🤝

SES, the European satellite company, has agreed to acquire all shares of Intelsat Holdings in…

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May 1, 2024
Samsung Q1 Profit Soars 933% on AI Boom and Galaxy S24 Sales

Seoul, South Korea – Samsung Electronics, the world’s largest memory chip maker, reported a staggering…

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April 30, 2024
Elon Musk Pushes for Tesla’s FSD Rollout in China During Whirlwind Beijing Visit 🏎️

Elon Musk’s recent whirlwind trip to Beijing ended on Monday as the Tesla CEO pushed…

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April 30, 2024
Saudi Arabia’s Central Bank Governor Highlights Challenges and Opportunities for Reserve Managers 🇸🇦

Governor Ayman Al-Sayari of Saudi Arabia’s central bank addressed the evolving global landscape at a…

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April 30, 2024
Japanese Authorities Intervene to Prop Up Yen Amid Declining Currency Value 🇯🇵

The yen experienced a sudden jump against the dollar on Monday, attributed to yen-buying intervention…

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April 29, 2024
Aramco Explores Joint Venture with Rongsheng to Strengthen Saudi-Chinese Investments 🇨🇳🇸🇦

Saudi Aramco and Rongsheng Petrochemical Co. are exploring a joint venture to enhance Saudi-Chinese investments…

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April 29, 2024
L’Occitane Owner Prepares to Take Skincare Firm Private in Potential $7 Billion Deal 💵 🤝

Reinold Geiger, the billionaire owner of L’Occitane International, is close to making a proposal to…

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April 26, 2024
Anglo American Rejects BHP’s $38.88 Billion Takeover Proposal ❌

Anglo American has dismissed a takeover bid from rival miner BHP Group, valuing it at…

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April 26, 2024
IBM to Acquire HashiCorp for $6.4 Billion, Expanding AI and Cloud Offerings ✍🏽

IBM announced it will acquire HashiCorp in a deal valued at $6.4 billion to boost…

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April 25, 2024
Saudia Unveils Beta Version of AI-Powered Travel Platform 🇸🇦📲

Saudia has launched a beta version of its AI-driven digital platform, the Travel Companion (TC),…

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April 24, 2024
Oman’s Sohar Port to Host $1.6 Billion LNG Bunkering Plant with TotalEnergies 🇴🇲

Oman’s Sohar Port is set to house a new $1.6 billion liquefied natural gas (LNG)…

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April 24, 2024
Visa’s Second-Quarter Results Beat Wall Street Estimates 💳

Visa’s second-quarter results exceeded Wall Street’s expectations, as consumers continued to swipe their cards for…

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April 23, 2024
Riyadh Prepares for Special World Economic Forum Meeting 🇸🇦

Final preparations are underway in Riyadh, Saudi Arabia, for a special meeting of the World…

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April 22, 2024
Saudi Arabia’s Cinema Sector Achieves Nearly $1 Billion in Revenue 🎥

Saudi Arabia’s burgeoning cinema industry has seen rapid growth, accumulating SR3.7 billion ($986 million) in…

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April 22, 2024
IMF Highlights Urgent Need to Address Debt Challenges for Low-Income Countries 🌍

The International Monetary Fund (IMF) emphasized the importance of tackling challenges faced by low-income countries…

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April 18, 2024
UBS to Close China Private Funds Business, Lay Off Staff 🏦🇨🇳

UBS is making significant cuts to its China private funds business, with plans to shut…

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April 16, 2024
Microsoft to Invest $1.5 Billion in UAE AI Firm G42, Forms Strategic Partnership 🤖🇦🇪

Microsoft has announced a significant investment of $1.5 billion in G42, an artificial intelligence firm…

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April 4, 2024
Elliott Investment Management Bullish on Etsy’s Growth Potential 🇺🇸

Jesse Cohn, managing partner at Elliott Investment Management, expressed optimism about the e-commerce platform Etsy,…

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April 4, 2024
Riyad Bank Greenlights IPO Plans for Investment Banking Unit Riyad Capital 🇸🇦

Saudi Arabia’s Riyad Bank has given the green light for the evaluation and preparation of…

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April 2, 2024
Shakeup at OpenAI: Sam Altman Steps Back as Venture Fund Chief Amidst Governance Overhaul 🦾

OpenAI has restructured the governance of its venture capital fund, altering the ownership structure to…

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April 2, 2024
Saudi Exchange Hits 400 Listings, Reflects Growing Capital Market Appeal

Saudi Exchange celebrated a significant milestone with its 400th listing, reflecting the growing appeal and…

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April 1, 2024
Chinese Shares Lead Asia Rally Amid Global Economic Optimism 🇨🇳📈

Amid a backdrop of optimism regarding the global economy, Chinese shares spearheaded a rally across…

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March 28, 2024
U.S. Officials Allege Unauthorized Transfer of U.S. Intellectual Property by Chinese Biotech Firm WuXi AppTec 🇺🇸🇨🇳

U.S. intelligence officials recently briefed senators on allegations that Chinese pharmaceutical firm WuXi AppTec had…

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March 28, 2024
OPEC Expert Warns of $14 Trillion Energy Investment Needed by 2045 🛢️📈

In a recent statement, Ayed Al-Qahtani, director of the research division at OPEC, emphasized the…

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March 28, 2024
Trump Media & Tech Hits Stratospheric Heights in Nasdaq Debut, Trump’s Fortunes Soar! 🚀

Shares of Donald Trump’s Trump Media & Technology Group (TMTG) skyrocketed as much as 59%…

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March 26, 2024
Hedge Funds Ditching U.S. Stocks for European Goldmine! 🇪🇺🇺🇸

Global hedge funds have been reallocating their portfolios this year, adding European stocks while reducing…

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March 26, 2024
SWIFT Plans New Platform to Link Central Bank Digital Currencies to Global Finance System 🆕🏦

Global bank messaging network SWIFT is gearing up to launch a new platform within the…

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March 25, 2024
Saudi Research and Media Group’s Shares Surge Amid Growth Initiatives 🚀🇸🇦

The share price of Saudi Research and Media Group (SRMG) soared by 9.96 percent on…

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March 25, 2024
Bond Traders Cautiously Position for Rate Cuts Amid Global Central Bank Shift ⚠️🏦

Bond traders are cautiously reloading wagers on interest rate cuts following signals from the Federal…

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March 22, 2024
BlackRock Urges Reconsideration Amid Texas Fund’s $8.5 Billion Asset Pullout 💰🇺🇸

BlackRock, the world’s largest asset manager, expressed dismay over the Texas Permanent School Fund’s (PSF)…

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March 22, 2024
Nike’s Strategy Shift Amid Market Share Loss Sparks Investor Concern ✔📉

Nike (NKE.N) faces investor skepticism as it grapples with dwindling market share in the face…

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March 21, 2024
Franklin Templeton Launches Operations in Riyadh Strengthening Local Investment Presence 🇸🇦🌱

Franklin Templeton, a prominent US investment manager, has inaugurated its operations in Riyadh after securing…

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March 21, 2024
AI Startup Cohere Nears $500 Million Funding Round, Eyes $5 Billion Valuation 💵🤖

Cohere, an emerging player in the artificial intelligence (AI) landscape, is on the brink of…

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March 20, 2024
GCC Telecom Firms Transitioning to Techcos for Diversification, says S&P Global 🤝

In response to evolving market dynamics and limited growth prospects in traditional telecom operations, telecommunication…

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March 20, 2024
Wall Street Ends Higher as Nvidia Leads Tech Rally 🚀🇺🇸

On Tuesday, Wall Street’s major indexes closed in the green, buoyed by a rebound in…

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March 19, 2024
Saudi Stock Market Sees Mixed Performance as Major Indices Fluctuate📉🇸🇦

In Monday’s trading session, Saudi Arabia’s Tadawul All Share Index closed at 12,772.46 points, marking…

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March 19, 2024
Apple in Talks to Integrate Google’s Gemini AI Engine into iPhone: Report 🦾📲

Apple is reportedly in discussions to incorporate Google’s Gemini artificial intelligence engine into the iPhone,…

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March 18, 2024
Reddit’s IPO Oversubscribed, Eyes $6.5 Billion Valuation Amidst Profitability Concerns 🤖💥

Reddit’s impending initial public offering (IPO) has garnered substantial investor interest, with sources revealing that…

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March 14, 2024
Robinhood’s Trading Volumes Surge in February, Stock Skyrockets in After-Hours Trading 🚀📈

Robinhood Markets Inc. witnessed a substantial surge in trading volumes during February, with its stock…

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March 13, 2024
Jada Fund of Funds Ventures into Saudi Venture Debt, Boosting Private Capital Ecosystem 💰🇸🇦

Saudi Public Investment Fund subsidiary, Jada Fund of Funds, has ventured into venture debt, investing…

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March 12, 2024
Oracle Achieves Cloud Company Status, Boosted by Substantial Demand for AI Services ☁🔥

In a groundbreaking shift, Oracle has achieved a pivotal milestone as revenue from its cloud…

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March 11, 2024
Short-Volatility Strategies Resurface on Wall Street, Prompting Concerns of Unforeseen Market Dynamics 🚨

In the midst of the artificial intelligence craze dominating Wall Street, a more subdued yet…

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March 11, 2024
Aramco’s 2023 Net Profit Slips to $121.3 Billion, but Dividends Soar by 30% 📈📉

Saudi Aramco, the state-owned oil giant, reported a 24.7% decline in net profit to $121.3…

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March 7, 2024
Etihad Airways Prepares for Potential IPO Amid Strong Growth and Profitability Prospects 🛩️🇦🇪

Etihad Airways is gearing up for a potential initial public offering (IPO), a first for…

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March 6, 2024
Estonian Ride-Hailing Giant Bolt Eyes Expansion in Saudi Arabia’s Growing Market 🚕🇪🇪

Bolt, the Estonian ride-hailing giant, is set to expand its operations in Saudi Arabia, capitalizing…

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March 5, 2024
JetBlue and Spirit Airlines Cancel $3.8 Billion Merger Amid Regulatory Opposition 🛫

Low-cost carriers JetBlue Airways and Spirit Airlines have canceled their $3.8-billion merger agreement after a…

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March 4, 2024
Volkswagen’s Battery Unit Delays IPO Until After 2026 🚘

Volkswagen’s battery unit, PowerCo, is postponing considerations for a stock market listing until after 2026,…

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March 4, 2024
Saudi Arabia Prepares for LEAP 2024, World’s Largest Tech Event 🌏🇸🇦

Saudi Arabia is set to host LEAP 2024, the world’s most-attended tech event, from March…

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February 29, 2024
Gemini to Pay $37 Million Fine and Return $1.1 Billion to Customers in Settlement ⏎💰

Cryptocurrency exchange Gemini has reached a settlement with the New York Department of Financial Services…

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February 29, 2024
Reliance Industries and Walt Disney Merge India TV and Streaming Assets, Creating $8.5 Billion Entertainment Juggernaut 📺

Reliance Industries, led by Mukesh Ambani, and Walt Disney announced the merger of their India…

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February 28, 2024
IMF to Establish Office in Saudi Arabia Following Shura Council Approval 🇸🇦🇺🇸

The International Monetary Fund (IMF) has received approval from the Shura Council of Saudi Arabia…

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February 28, 2024
Mubadala and Goldman Sachs Launch $1 Billion Partnership for Asia Pacific Private Credit Expansion 🫱🏽‍🫲🏻

Emirati firm Mubadala Investment Co. and Goldman Sachs have unveiled a $1 billion partnership aimed…

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February 27, 2024
Bitcoin Surges to Two-Year High as Large Investors Enter Market; Ether Tops $3,200 💰📈

Bitcoin reached a two-year high, surging over 10% in two sessions, propelled by significant purchases…

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February 26, 2024
Ant Group Emerges as Front-Runner in Bid for Credit Suisse’s China Unit  🏦

In a significant development, Ant Group, the fintech powerhouse affiliated with Alibaba, has reportedly taken…

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February 23, 2024
Saudi Arabia’s PIF Mulls 36% Stake in Binladin Group for Infrastructure Projects 🧰

Saudi Arabia’s Public Investment Fund (PIF) is reportedly in discussions to acquire a 36 percent…

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February 23, 2024
JPMorgan CEO Jamie Dimon Sells $150 Million Worth of Shares, a First Since 2005 💰🇺🇸

Jamie Dimon, the CEO of JPMorgan Chase, has reportedly sold approximately $150 million worth of…

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February 22, 2024
Saudi Capital Market Forum Spurs Diversification as Tadawul Welcomes New Sectors 🇸🇦🫱🏽‍🫲🏻

Saudi Arabia’s financial market is undergoing a transformative shift, witnessing the entry of sectors such…

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February 22, 2024
Nikkei Surges to Record Peak, Defying Decades-Long Lull 🇯🇵👏🏽

Japanese stocks witnessed a historic surge, reaching a record peak, breaking levels last seen in…

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February 21, 2024
EFG Hermes Reveals IPOs and M&As in the Saudi Pipeline Amidst Growing Diversification 🇸🇦💼

EFG Hermes, a leading financial services company, has disclosed plans for three initial public offerings…

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February 20, 2024
Capital One to Acquire Discover Financial Services in $35.3 Billion All-Stock Deal  💳✍🏽

Capital One has unveiled plans to acquire U.S. credit card issuer Discover Financial Services in…

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February 19, 2024
Saudi Arabia’s Open Banking Market Set to Reach $43 Billion by 2026, Says CMA Chairman  📈🇸🇦

Saudi Arabia’s Capital Market Authority (CMA) Chairman, Muhammad bin Abdullah Al-Quwaiz, announced that the open…

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February 16, 2024
Buffett’s Berkshire Trims Apple Stake but Adds to Chevron in Q4 Portfolio Shuffle 🚙🍏

Warren Buffett’s Berkshire Hathaway has sold a fraction of its massive stake in Apple, according…

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February 15, 2024
Japan Unexpectedly Enters Recession, Loses Third-Biggest Economy Status to Germany 🇯🇵🇩🇪

Japan has unexpectedly slipped into a recession at the close of last year, relinquishing its…

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February 15, 2024
UAE Launches $500 Million Initiative to Boost Global AI Research and Development 🇦🇪

The United Arab Emirates (UAE) has unveiled a groundbreaking $500 million program to accelerate research…

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February 14, 2024
Bezos Unloads $4 Billion in Amazon Shares Amidst Relocation, Potentially Saving $288 Million in Capital Gains Tax 💰

In a move raising eyebrows, Amazon founder Jeff Bezos has sold 24 million shares of…

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February 13, 2024
Nasdaq Tests Record High Amid Inflation Data Anticipation 📈🇺🇸

On Monday, the Nasdaq briefly flirted with surpassing its previous record closing high from November…

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February 12, 2024
Google Unleashes ‘Gemini’: A Powerhouse Generative AI Platform Challenging OpenAI 🤖

Google is intensifying the competition in the generative AI arena with the launch of its…

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February 9, 2024
Saudi Arabia and UAE Non-Oil Economies Sustain Growth Momentum Despite Moderation 🇸🇦🇦🇪

The seasonally adjusted Riyad Bank PMI for Saudi Arabia slipped to 55.4 in January, down…

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February 9, 2024
Trump’s Truth Social Nears $50 Million Financing – Game-Changer for the Social Media Landscape 📱💰

Digital World Acquisition Corp (DWAC), the blank-check company set to take former U.S. President Donald…

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February 8, 2024
Cohesity to Acquire Veritas’ Data Protection Business in a $7 Billion Deal 🫱🏽‍🫲🏻🇺🇸

U.S. data security software firm Cohesity has announced its agreement to acquire Veritas’ data protection…

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February 8, 2024
AI Powerhouse Nvidia Closes in on Amazon’s Market Dominance – Major Market Shake-Up Imminent 🏆🤖

Wall Street’s growing optimism toward artificial intelligence has positioned Nvidia (NVDA) on the verge of…

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February 7, 2024
NEOM Accelerates Global Engagement with New York Office Opening 🇸🇦🗽

Saudi Arabia’s ambitious giga-project, NEOM, has inaugurated its first office in New York City as…

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February 6, 2024
Public Investment Fund’s (PIF) Second Private Sector Forum to Foster Partnerships and Economic Growth 🇸🇦

The Public Investment Fund (PIF) is set to host its second PIF Private Sector Forum…

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February 6, 2024
UBS Beats Q4 Earnings Expectations, Announces $1 Billion Share Buyback 💰🇨🇭

Swiss banking giant UBS reported a net loss attributable to shareholders of $279 million for…

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February 5, 2024
Asian Shares Waver and Dollar Strengthens After Strong US Jobs Report  📈📉

Asian shares faced volatility on Monday as a robust US jobs report dashed hopes for…

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February 5, 2024
 stc Boosts Digital Presence with a 40% Stake in Devoteam Middle East 🇸🇦🚀

Saudi Arabia’s Arabian Internet and Communications Services Co., known as Solutions by stc, has acquired…

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February 2, 2024
Meta Platforms Issues First Dividend and Reports Strong Earnings ∞📈

Meta Platforms, the parent company of social network Facebook, has marked a significant milestone by…

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February 1, 2024
Saudi Arabia Plans Additional Stake Sale in Aramco to Bolster Vision 2030 🇸🇦

Saudi Arabia is reportedly considering selling an additional stake in Saudi Aramco in February, aiming…

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January 31, 2024
Global M&A market drops 15% in 2023 to $3.2tn 📉

The global merger and acquisition market faced a substantial 15 percent year-on-year decline, plummeting to…

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January 31, 2024
Tadawul Index Sees Decline 🇸🇦➖

On Tuesday, Saudi Arabia’s Tadawul All Share Index faced a notable setback, declining by 2.18…

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January 30, 2024
Citigroup’s Turnaround Efforts Garner Investor Confidence Despite Recent Losses   💼👏🏽

Citigroup’s stock, while having experienced its share of ups and downs, has remained relatively stagnant…

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January 29, 2024
Navigating Economic Terrain in 2024: Goldman Sachs CEO Optimistic but Cautious 🧐

Goldman Sachs CEO, David Solomon, asserts that while the probability of a global recession in…

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January 29, 2024
Ryalize Pioneering Fintech Solutions in Saudi Arabia’s Growing Market 🇸🇦✍🏽

In response to Saudi Arabia’s strategic push to become a regional fintech leader, Ryalize, a…

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January 26, 2024
Tesla Faces Investor Backlash as Q4 Earnings Miss Mark and Market Value Plummets 📉

Tesla’s latest earnings call has triggered a harsh response from Wall Street, causing a steep…

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January 25, 2024
Microsoft Surpasses $3 Trillion Valuation, Joining Apple in Exclusive Club 🚀📈

Microsoft reached a historic milestone on Wednesday as its stock surged 1.3%, surpassing $404 per…

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January 24, 2024
Saudi Arabia Surges in World Bank Ranking, Demonstrates Economic Data Maturity 🚀🇸🇦

Saudi Arabia has achieved a remarkable advancement in the World Bank’s Statistical Performance Indicators (SPI)…

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January 24, 2024
Alibaba Gets a Boost as Jack Ma’s $50 Million Stock Purchase Lifts Investor Confidence ⤴🏬

Alibaba Group Holding Ltd. experienced a notable upswing, gaining its most in six months, following…

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January 23, 2024
Saudi Central Bank (SAMA) Grants License to Thara, Expanding Fintech Landscape in the Kingdom ✍🏽🇸🇦

The Saudi Central Bank, also known as SAMA, continues to pave the way for financial…

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January 23, 2024
Nvidia’s $1 Trillion Valuation and AI Dominance Faces Rising Threats from Intel and AMD 👨🏽‍💻💻

In a meteoric rise fueled by the AI frenzy, Nvidia (NVDA) hit a historic milestone…

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January 22, 2024
Wall Street’s Warning: Betting on Early Fed Policy Easing Deemed Risky by Majority 🏦⛔️

Investors may be treading on precarious ground as two-thirds of respondents in the Bloomberg Markets…

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January 21, 2024
Investcorp’s $750 Million Climate-Focused Platform Targets Booming Middle East Investor Landscape 🎯

Rishi Kapoor, co-CEO of Bahrain-based Investcorp, has identified Saudi Arabia and the broader Middle East…

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January 20, 2024
G42 Invests in Edge Computing and AI Start-up Analog at Davos 🦾✍🏽

Abu Dhabi-based artificial intelligence and cloud computing firm, G42, has revealed an undisclosed investment in…

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January 18, 2024
OPEC Anticipates Robust Growth in Global Oil Demand, Predicts 2025 Surge Led by China and the Middle East 🛢️📈

The Organization of the Petroleum Exporting Countries (OPEC) has upheld its optimistic outlook for global…

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January 18, 2024
Bank of America Foresees 22% Surge in Netflix Stock, Declares Streaming Giant the Unrivaled “King” 🍿🏆

In a note released on Wednesday, Bank of America declared Netflix as the undisputed “king…

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January 17, 2024
Apple Overtakes Samsung as World’s Best-Selling Smartphone in 2023 📲

In a significant market shift, Apple’s iPhone has surpassed Samsung’s devices, clinching the title of…

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January 16, 2024
EVIQ Unveils First Electric Vehicle Fast-Charging Station in Riyadh, a Milestone Towards Saudi Vision 2030🔋🔌

Saudi Arabia’s Electric Vehicle Infrastructure Company, EVIQ, has marked a historic moment with the inauguration…

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January 15, 2024
Chinese Entities Defy U.S. Ban, Secure Banned Nvidia Chips for AI Advancements 🇨🇳🇺🇸

Chinese military bodies, state-run AI research institutes, and universities have managed to skirt U.S. restrictions,…

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January 15, 2024
FedEx Takes on Amazon with Launch of fdx, a Data-Driven Commerce Platform for Online Merchants 📦

FedEx has revealed plans to launch a new data-driven commerce platform named fdx this fall,…

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January 12, 2024
Saudi Arabia Introduces Innovative Visas to Attract Global Talent and Investment  ✍🏽

Saudi Arabia has unveiled five new “premium residency products” as part of its strategic efforts…

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January 12, 2024
Avalon Pharma Unveils IPO Pricing Amid Global Expansion Plans. 🇸🇦

Riyadh-based pharmaceutical giant Avalon Pharma has announced the pricing range for its upcoming initial public…

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January 11, 2024
SEC Greenlights Bitcoin ETFs: A Landmark Moment for Cryptocurrency 🇺🇸🪙

In a historic move, the U.S. Securities and Exchange Commission (SEC) has granted approval for…

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January 10, 2024
Tech Titans, including Google, Microsoft, and Amazon, Rush to Secure Saudi Headquarters as Government Deadline Looms. 📱🇸🇦

Several multinational giants, including Google, Microsoft, and Amazon, have secured licenses for regional headquarters in…

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January 9, 2024
Saudi Arabia Dominates MENA Venture Capital Funding in 2023 🇸🇦🚀

Saudi Arabia has emerged as a trailblazer in the Middle East and North Africa (MENA)…

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January 9, 2024
Asian Wealth Managers Flock to Dubai Amidst China-Middle East Diplomatic Thaw 🇦🇪🇨🇳

Wealth managers across Asia are increasingly establishing offices in Dubai, taking advantage of improved diplomatic…

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January 8, 2024
Sohar International Facilitates Omani Firms’ Expansion into Saudi Arabia, Strengthening Economic Ties 🇴🇲🇸🇦

In a strategic move to foster cross-border economic collaboration, Sohar International, the second-largest bank in…

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January 5, 2024
Saudi Aramco CEO Amin Nasser Leads Forbes Middle East’s Top 100 CEOs for Third Year 🔝

Saudi Aramco CEO Amin Nasser has secured the top position on Forbes Middle East’s prestigious…

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January 4, 2024
Apple’s Stock Plunge: A $100 Billion Nightmare to Start the New Year📉

In a shocking turn of events, Apple faced a dismal start to the new year…

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January 4, 2024
Tech Stocks Poised for Three-to-Five-Year Bull Market, Fueled by AI 🚀

In a recent interview with CNBC, Deepwater Asset Management managing partner Gene Munster expressed optimism…

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January 3, 2024
BRICS Expansion Welcomes Saudi Arabia and UAE, Igniting Economic Potential 🇸🇦🇦🇪

The Brics bloc has expanded its horizon with the inclusion of Saudi Arabia and the…

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January 3, 2024
Dollar Holds Steady Amid Speculation of 2024 Fed Rate Cuts; Markets Eye Economic Data 💵🇺🇸

On the first trading day of the year, the dollar maintained stability as traders assessed…

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January 2, 2024
PIF Dominates Global Sovereign Fund Spending in 2023 🇸🇦💲

In 2023, Saudi Arabia’s Public Investment Fund (PIF) emerged as a powerhouse in global sovereign…

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December 29, 2023
Qatar Energy and Shell Forge Historic Five-Year Crude Sales Agreement for 18 Million Barrels Annually 🇶🇦🫱🏽‍🫲🏻

In a groundbreaking move, Qatar has inked a momentous agreement with Shell in Singapore, solidifying…

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December 28, 2023
Pakistan Stock Market Faces Record Plunge: KSE100 Index Witnesses Steepest Single-Day Decline 📉🇵🇰

Pakistan’s stock market witnessed its steepest single-day decline on Tuesday, with the benchmark KSE100 index…

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December 28, 2023
Fintech Saudi Partners with Kyndryl to Propel Saudi Arabia’s Fintech Sector 📱

In a strategic collaboration poised to boost Saudi Arabia’s fintech sector, Fintech Saudi has entered…

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December 27, 2023
SoftBank Gains $7.59 Billion Boost with T-Mobile US Shares 📈

SoftBank Group Corp has announced that it will be receiving shares in T-Mobile US worth…

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December 26, 2023
Japanese Auto Giants Inject $4.34 Billion into Thailand for Electric Vehicle Drive 🇯🇵🇹🇭

In a significant boost to Thailand’s electric vehicle (EV) ambitions, major Japanese auto manufacturers are…

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December 26, 2023
Empowering Saudi Arabia: Aramco and Intel’s Digital Revolution 🇸🇦🧑🏻‍💻

Saudi Arabia is poised to revolutionize its communications infrastructure with the establishment of the Kingdom’s…

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December 25, 2023
OpenAI Explores Fresh Funding Round at $100 Billion Valuation and Chip Venture Talks with G42 🚀

OpenAI is reportedly in preliminary discussions to secure a new funding round, targeting a valuation…

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December 25, 2023
Nio Unveils Flagship ET9 Electric Sedan with Self-Developed Technologies Amidst Industry Challenges 🚙

Chinese electric car manufacturer Nio (9866.HK) showcased its latest flagship model, the ET9 executive sedan,…

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December 22, 2023
Tadawul All Share Index Records Marginal Dip as Market Highlights Best and Worst Performers   📉

Saudi Arabia’s Tadawul All Share Index experienced a slight dip on Thursday, losing 80.97 points,…

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December 22, 2023
Canada Approves Royal Bank of Canada’s $10.2 Billion Acquisition of HSBC’s Domestic Unit 🇨🇦

In a significant move to consolidate its financial landscape, Canada granted approval on Thursday for…

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December 21, 2023
Alphabet Stock Resilient Amid Market Downturn: AI and Advertising Strategy Key Drivers 📈

Alphabet Inc.’s (NASDAQ: GOOGL)(NASDAQ: GOOG) shares rose 1.2% on Wednesday, outperforming the broader market’s 1.5%…

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December 20, 2023
Bahrain’s Mumtalakat Secures Shareholder Approval for McLaren Group Recapitalisation 🇧🇭

Bahrain’s sovereign wealth fund, Mumtalakat, announced on Tuesday that shareholders of McLaren Group have given…

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December 20, 2023
End of an Era: Toshiba Delisted from Tokyo Exchange after 74 Years 💻

On Wednesday, Toshiba (6502.T) witnessed the end of its 74-year tenure on the Tokyo exchange,…

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December 19, 2023
Credit Suisse Considered for Nationalization Amid Crisis Before UBS Sale 🏦

About six months before Credit Suisse’s weekend rescue by UBS, the Swiss central bank, led…

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December 19, 2023
Tamara, Saudi Arabia’s First Unicorn Fintech, Secures $1 Billion Valuation in Series C Funding 🇸🇦

Tamara, the buy now, pay later (BNPL) platform, has achieved unicorn status with a $1…

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December 18, 2023
Wall Street Warns of Risks Despite Bullish Outlook for Stocks ⚠️

As optimism grows for stocks hitting record highs in 2024 following a dovish signal from…

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December 18, 2023
Saudi Central Bank Paves the Way for Growth in Buy Now, Pay Later Sector 🇸🇦

Saudi Arabia’s financial technology landscape is poised for expansion as the Saudi Central Bank, also…

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December 15, 2023
Lucid Group Achieves Milestone of Nearly 800 Cars Assembled in Saudi Factory 🇸🇦🚗

Lucid Group, the California-based electric vehicle maker, has successfully assembled close to 800 cars at…

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December 14, 2023
Berkshire Hathaway Boosts Occidental Petroleum Stake with $588.7 Million Acquisition ✍🏽🛢️

Berkshire Hathaway, the multinational conglomerate led by Warren Buffett, has significantly increased its investment in…

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December 14, 2023
Oracle and Future Work Collaborate to Train 50,000 Saudi Nationals in AI 🇸🇦🖥️

Oracle has unveiled a transformative initiative in partnership with Future Work and the Saudi Ministry…

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December 13, 2023
Evercore Predicts Stock Market Tumble Amidst Impending US Recession in Early 2024 📉

Evercore ISI, a prominent financial advisory firm, has issued a warning that the stock market…

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December 13, 2023
Saudi Aramco Expands Global Footprint with Acquisition of 40% Stake in Gas & Oil Pakistan 🇸🇦🇵🇰

Saudi Aramco, the world’s largest oil-producing company, has announced a strategic move to acquire a…

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December 12, 2023
Saudi Tadawul Group and Shenzhen Stock Exchange Forge Collaboration to Boost Capital Markets 🇸🇦🇨🇳

Saudi Arabia and China’s capital markets are set to strengthen collaboration following an agreement between…

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December 12, 2023
JPMorgan Plans $520 Billion Local Custody Business Outsourcing in Hong Kong and Taiwan  🏦

JPMorgan Chase (JPM.N), the world’s third-largest global custodian, is poised to outsource its local custody…

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December 11, 2023
SpaceX Hits Record $175 Billion Valuation, Outpacing All IPOs in History📈🛰️

Elon Musk’s SpaceX is reportedly in talks to sell $500 million to $750 million worth…

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December 11, 2023
Binance Withdraws Abu Dhabi License Application Amid Regulatory Shifts 🪙🇦🇪

Binance, one of the world’s largest cryptocurrency exchanges, has withdrawn its application for a license…

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December 10, 2023
Saudi Tadawul Index Shows Resilience with Incremental Gains; Riyadh Cables Completes Successful Share Buyback 👏🏽🇸🇦

In the realm of Saudi Arabia’s financial markets, the Tadawul All Share Index experienced a…

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December 8, 2023
Asian Markets Face Headwinds Amid Chinese Economic Concerns and BOJ’s Potential Pivot 📉

Most Asian stocks encountered declines on Thursday, driven by lingering apprehensions about a Chinese economic…

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December 8, 2023
Danish Pension Fund Divests Tesla Holdings Over Labor Union Dispute 💲

PensionDanmark, one of Denmark’s largest pension funds managing assets for 823,000 Danes, announced on Wednesday…

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December 7, 2023
Saudi Arabia Unveils 30-Year Tax Exemption to Attract Foreign Corporate Headquarters 🇸🇦

Saudi Arabia has announced a bold move to entice foreign companies to establish their regional…

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December 7, 2023
Wells Fargo Anticipates Higher Severance Expenses, CEO Emphasizes Aggressive Measures for Efficiency 📈

In a recent investor update, Wells Fargo CEO Charlie Scharf shared insights into the bank’s…

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December 6, 2023
Saudi Arabia Contemplates Unleashing Oil Supply Surge to Tackle Plummeting Prices 🛢️🇸🇦

Amidst concerns about plummeting oil prices, Saudi Arabia is contemplating a strategic move to flood…

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December 6, 2023
Stock Futures Edge Down as Markets Pause After Recent Surge 📉

Stock futures saw a minor downturn on Monday night as major averages took a breather…

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December 5, 2023
Saudi Arabia Unveils $100 Million Investment Plan to Propel Global Aviation Presence 🇸🇦🛩️

In a bold move to solidify its standing in the global aviation landscape, Saudi Arabia…

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December 5, 2023
Bitcoin Surges Past $40,000, Riding Enthusiasm Amidst U.S. Interest Rate Speculations and ETF Approval Anticipation 🚀

In a resounding comeback, Bitcoin has breached the $40,000 mark for the first time this…

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December 4, 2023
Crown Prince Mohammed Bin Salman to Address UN Climate Talks Amid Launch of Landmark Loss and Damage Fund 🇸🇦

As world leaders convene at the opening of the high-level UN climate talks in Dubai…

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December 4, 2023
Gold Prices Surge on Rate Cut Speculations Amidst Softening Inflation Data ⚜️

Gold prices are poised for a third consecutive weekly climb, reaching $2,042.58 per ounce by…

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December 1, 2023
Saudi Arabia’s PIF Expands Global Portfolio with 10% Stake in Heathrow Airport 🇸🇦🛄

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has solidified its strategic presence…

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December 1, 2023
Disney CEO Bob Iger Confirms 2026 Exit, Denies ABC Network Sale Rumors ✍🏽🎡

In a recent interview at the New York Times Dealbook Conference, Walt Disney’s Chief Executive…

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November 30, 2023
Apple Ends Credit Card Partnership with Goldman Sachs as Tech Giant Refocuses Financial Strategy ‼️

In a significant shift, Apple (AAPL.O) is reportedly severing ties with its credit card collaboration…

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November 30, 2023
Charlie Munger, Warren Buffett’s Stalwart Partner at Berkshire Hathaway, Passes Away at 98 🪦

Charles Munger, the long-time partner of Warren Buffett and vice chairman of Berkshire Hathaway Inc.,…

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November 29, 2023
Riyadh Triumphs Over Competitors to Secure Hosting Rights for World Expo 2030 🌏🇸🇦

In a landmark decision, Riyadh has emerged victorious in the bid to host the World…

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November 29, 2023
 EU Antitrust Regulator Issues Warning Over Amazon’s $1.45 Billion iRobot Acquisition ‼️🫱🏽‍🫲🏻

The European Union’s antitrust regulator has raised formal objections to Amazon’s proposed $1.45 billion acquisition…

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November 28, 2023
S&P Global Maintains Abu Dhabi’s Robust Credit Rating at AA/A-1+ with Positive Outlook 🇦🇪

S&P Global has reaffirmed Abu Dhabi’s credit rating at a formidable “AA/A-1+” in both local…

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November 28, 2023
Toyota’s Hybrid Success Amidst Electric Slump Grabs Attention, Elon Musk Reacts 🚘

In a surprising turn of events, Toyota’s steadfast commitment to hybrid vehicles appears to be…

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November 27, 2023
Bayer Faces Investor Scrutiny Following Bad News Surge and $5.75 Billion Bond Issuance  📉

In the wake of a series of adverse developments, Bayer, a leading German pharmaceutical and…

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November 27, 2023
Saudi Stock Market Ends Lower as Mixed Performances Unfold 🇸🇦📊

In a day marked by diverse performances, Saudi Arabia’s Tadawul All Share Index closed 0.26…

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November 24, 2023
OPEC+ Contemplates Deeper Oil Production Cuts Amidst Market Challenges 🛢️

In the aftermath of the recent drop in oil prices, OPEC+ is contemplating steeper production…

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November 23, 2023
Nvidia Faces After-Hours Fluctuations Despite Strong Q3 Performance 📉

Nvidia, a powerhouse in the realm of AI technology, encountered a turbulent after-hours trading session…

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November 23, 2023
Saudi Arabia’s Global Role and Economic Impact Highlighted by World Bank Official 🇸🇦

In a recent statement to the Saudi Press Agency, Yaarub Al-Yaarubi, the senior adviser to…

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November 22, 2023
Indonesia Unveils Ambitious $20 Billion Renewable Energy Investment Plan to Accelerate Power Sector Decarbonization ⚡️

In a groundbreaking move, Indonesia has launched its Comprehensive Investment and Policy Plan (CIPP), aiming…

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November 22, 2023
Foreign Investments Skyrocket in Saudi Capital Market, Surging by 300% Over the Past 5 Years 🚀🇸🇦

The Capital Markets Authority (CMA) of Saudi Arabia reports a remarkable surge in foreign investments…

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November 21, 2023
Oil Prices Rise as OPEC+ Considers Deeper Supply Cuts 🛢️

Oil futures continued their upward trajectory on Monday, with Brent crude futures gaining 0.7% to…

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November 21, 2023
Deals Worth $1.5 Billion Expected to Boost Saudi-Egypt Economic Ties 🫱🏽‍🫲🏻

Saudi Arabia and Egypt are set to strengthen their economic cooperation with the anticipated signing…

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November 20, 2023
Sam Altman Exits OpenAI as CEO, Joins Microsoft; Ex-Twitch Executive Takes Helm 🚨

In a surprising turn of events, Sam Altman, the CEO of OpenAI, has been relieved…

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November 20, 2023
Saudi Falcon Club Soars to Success, Wraps Up Auction with $1.9 Million in Sales 🚀

The Saudi Falcon Club has concluded its highly anticipated fourth falcon auction, achieving remarkable sales…

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November 20, 2023
Alibaba’s Market Value Plummets by $20 Billion After Cloud Unit Spin-Off Reversal 📉

Alibaba Group faced a significant blow as its Hong Kong shares plummeted by 10% on…

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November 17, 2023
TikTok Joins Meta in Challenging EU “Gatekeeper” Status Under Digital Markets Act 📱

On Thursday, TikTok followed in the footsteps of Meta by filing an appeal against its…

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November 17, 2023
Foreign Investments Surge in Saudi Stock Exchange, Rebounding with $3.7 Billion Inflows 📈🇸🇦

International investors have staged a robust comeback in the Saudi Stock Exchange, injecting a noteworthy…

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November 16, 2023
Emirates Airline Holds Off on Airbus A350 Purchase Pending Engine Negotiation Breakthrough 🛩️🇦🇪

Emirates Airline President Tim Clark has confirmed that the carrier is not currently pursuing an…

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November 16, 2023
Berkshire Hathaway Trims Holdings in General Motors and Procter & Gamble, Boosts Cash Reserves to Record High 📈

On Tuesday, Berkshire Hathaway, led by billionaire Warren Buffett, revealed strategic shifts in its investment…

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November 15, 2023
Asia Stocks Edge Up Ahead of Key US Inflation Data; Yen Nears Year-Low 💴

Asian stocks showed a cautious rise on Tuesday as traders awaited a pivotal U.S. inflation…

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November 15, 2023
Gulf International Bank Surges with a Remarkable 255% Profit Growth in Q3 🚀

Gulf International Bank (GIB), backed by Saudi Arabia’s Public Investment Fund, has reported a staggering…

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November 14, 2023
Wall Street in Turmoil: ICBC Cyber Hack Sparks Emergency Measures 🧑🏻‍💻

The recent cyber attack on Industrial and Commercial Bank of China’s (ICBC) U.S. broker-dealer sent…

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November 14, 2023
Saudi Arabia and Ivory Coast Forge Economic Ties with the Establishment of Joint Business Council 🇸🇦 🫱🏽‍🫲🏻

In a significant move to strengthen economic collaboration, Saudi Arabia and Ivory Coast have formalized…

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November 13, 2023
Meta Platforms and Tencent Join Forces to Introduce Affordable VR Headset in China ♾️🎮

In a strategic move to re-enter the Chinese market, Meta Platforms has forged a preliminary…

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November 13, 2023
Saudi Arabia’s PIF Boosts Control in Aston Martin, Surpasses Geely and Shufu Li with 20.5% Stake 🇸🇦🏎️

In a move signaling Saudi Arabia’s deepening involvement in the global automotive industry, the kingdom’s…

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November 10, 2023
Saudi Arabia Dominates Q3 MENA IPO Scene with $330 Million Raised: EY Report 🇸🇦

Saudi Arabia emerged as the frontrunner in initial public offering (IPO) activities across the Middle…

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November 10, 2023
Tesla Implements Price Hike on Refreshed Long-Range Models in China from Nov. 9 📈

n a strategic move, Tesla Inc (TSLA.O) announced a price adjustment for its revamped long-range…

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November 9, 2023
Markets on Edge as Yields Linger Near Lows, Awaiting Powell’s Policy Clues 📉

As markets anxiously awaited clues from Federal Reserve Chair Jerome Powell regarding U.S. monetary policy,…

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November 9, 2023
Egypt’s Suez Canal Signs $15.6 Billion Deal with China for Green Hydrogen Manufacturing 🇪🇬

Egypt’s Suez Canal Economic Zone has secured a groundbreaking $15.6 billion deal with leading Chinese…

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November 8, 2023
WeWork, Once America’s Most Valuable Startup, Files for Bankruptcy 📉🇺🇸

WeWork, the high-profile startup backed by SoftBank Group, has filed for bankruptcy in the United…

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November 8, 2023
Aramco Maintains Stable Crude Prices for Asia, Slashes European Rates 🇸🇦

Saudi Arabian oil giant Aramco has chosen to keep its December official selling prices (OSP)…

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November 7, 2023
Dollar Steady but Vulnerable after Fed’s Policy Shift 💵

Major currencies held steady early on Monday as investors positioned themselves for a potential continuation…

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November 7, 2023
Saudi VCs Boost Regional Startup Investments 🇸🇦

Saudi Arabia’s venture capital landscape is making a significant impact on the regional startup ecosystem….

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November 6, 2023
Global Stocks Surge in Strongest Weekly Rally of the Year 📈

Global stocks are on track for their most robust weekly rally in a year, with…

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November 6, 2023
UAE and Jordan Sign $2 Billion Investment MoU to Strengthen Bilateral Cooperation 🇯🇴🇦🇪

The Ministry of Investment in the UAE has signed a substantial memorandum of understanding (MoU)…

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November 4, 2023
Evergrande Offers Offshore Creditors 30% Equity Stake in Subsidiaries in New Debt Restructuring Plan 💳🗂️

China Evergrande has proposed a new debt restructuring plan, offering offshore bondholders a 30% equity…

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November 3, 2023
Investcorp Capital Seeks to Raise $403 Million in Abu Dhabi IPO 🇦🇪

Investcorp Capital Plc, backed by the Middle East’s major alternative asset manager, is embarking on…

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November 3, 2023
Saudi Central Bank’s Assets Rise 3.4% to $490 Billion in September 🇸🇦📈

The Saudi Central Bank, known as SAMA, reported a 3.4 percent increase in its total…

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November 2, 2023
Oil Prices Rebound as Middle East Supply Concerns Trump Weak China Data🛢️🇨🇳

Oil prices bounced back in Asian trading, recovering from a more than 3% drop in…

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November 2, 2023
Uber Accelerates UAE Investment for 20% Green Fleet by 2023 🇦🇪🚙

Uber is increasing its investment in the UAE to accelerate its green ride initiative, aiming…

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November 1, 2023
PIF Partners with Italy’s Pirelli to Establish $550 Million Tire Manufacturing Plant in Saudi Arabia 🇸🇦 🇮🇹

Saudi Arabia’s Public Investment Fund (PIF) has joined forces with Italy’s Pirelli to develop a…

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November 1, 2023
Saudi Exchange Launching Single Stock Options in November 🇸🇦

The Saudi Exchange is set to launch single stock options contracts in November, offering a…

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October 31, 2023
Alphabet’s Earnings Disappointment Drags Down S&P 500 and Nasdaq as Treasury Yields Rise 📉

On Wednesday, U.S. stocks saw a widespread decline, with Alphabet shares contributing to the downturn…

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October 31, 2023
Boeing’s Defense Unit Struggles with Billion-Dollar Losses Despite Efforts to Turn the Tide 🛫

Boeing’s defense business continues to grapple with substantial challenges, as it faces another year of…

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October 30, 2023
Meta’s Q3 Net Income Surges 164% as Advertising Business Strengthens 📈

Meta, the parent company of Facebook, reported a remarkable 164% increase in its net profit…

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October 30, 2023
Alphabet’s Cloud Division Falls Short on Revenue as Microsoft’s Cloud Flourishes ☁

Alphabet, Google’s parent company, faced disappointment from investors as its cloud business reported its slowest…

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October 27, 2023
NEOM and DSV Form $10 Billion Logistics Venture to Propel Visionary Projects 🇸🇦

NEOM, Saudi Arabia’s visionary city, has forged a momentous $10 billion logistics partnership with Denmark’s…

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October 26, 2023
Investcorp Capital Prepares for IPO, to List on Abu Dhabi Securities Exchange 🇦🇪

Investcorp Capital, a subsidiary of Bahrain’s Investcorp Group, is gearing up for an initial public…

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October 26, 2023
Nvidia and AMD Set Sights on Intel’s PC Dominance with Arm-Based Chips 💻

Nvidia, known for its dominance in the artificial intelligence computing chip market, is now setting…

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October 25, 2023
PIF and Hyundai Forge $500 Million Partnership for Cutting-Edge Auto Plant in Saudi Arabia 🇸🇦

Saudi Arabia’s Public Investment Fund (PIF) and Hyundai Motor Co. have sealed a momentous deal…

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October 25, 2023
QatarEnergy and Eni Secure 27-Year Gas Supply Deal, Boosting Europe’s LNG Landscape 🇶🇦

QatarEnergy, the state-owned energy company of Qatar, has inked a significant 27-year gas supply agreement…

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October 24, 2023
Elon Musk’s Net Worth Takes Hit After Tesla’s Q3 Financial Report 📉

Elon Musk, the CEO of Tesla, witnessed a substantial decline in his net worth as…

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October 24, 2023
PIF Attracts Strong Investor Confidence with $3.5 Billion Debut Dollar-Denominated Sukuk Sale 🇸🇦

Saudi Arabia’s Public Investment Fund (PIF) is poised to raise $3.5 billion through its inaugural…

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October 23, 2023
Google: Middle East Poised to Harness Revenue Potential of AI 🤖

The Middle East is strategically positioned to capitalize on the revenue-generating potential of artificial intelligence…

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October 23, 2023
Excavation Begins for Saudi Arabia’s Iconic Mukaab Cube Project 🇨🇳🇸🇦

Excavation for Mukaab, Saudi Arabia’s iconic cubic structure, is commencing as China Harbour Engineering Co….

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October 20, 2023
Egyptian Billionaire Sawiris Eyes $7 Billion Reko Diq Investment 🇪🇬

Egyptian billionaire Naguib Sawiris is contemplating an investment in Barrick Gold Corp.’s $7 billion Reko…

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October 19, 2023
GCC Achieves Impressive 7.3% GDP Growth, Focused on Non-Oil Sector Expansion 📈

Member states of the Gulf Cooperation Council (GCC) have collectively achieved a remarkable 7.3 percent…

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October 19, 2023
Oman’s OQ Gas Networks Achieves Record $750 Million in Largest IPO ⛽️📈

OQ Gas Networks, the pipeline arm of Oman’s state oil company OQ, has completed its…

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October 18, 2023
Wall Street Braces for Earnings Reports Amidst Treasury Auction Turbulence 💵

Dow Jones futures showed a slight overnight uptick, alongside marginal gains in S&P 500 and…

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October 18, 2023
ACWA Power Secures $14 Billion in Financial Closure for Diverse Projects 🔐💰

Saudi-based ACWA Power, known for its initiatives in the renewables, green hydrogen, and water desalination…

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October 16, 2023
China Bans Mainland Investors from Opening Offshore Trading Accounts 🇨🇳❌

China has issued a notice prohibiting domestic brokerages and their overseas units from accepting new…

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October 13, 2023
Saudi Arabia’s PIF Launches Tasaru Mobility Investments to Boost Local Auto Industry 🚀🇸🇦

Saudi Arabia’s Public Investment Fund (PIF) has introduced Tasaru Mobility Investments (TMI), a new investment…

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October 12, 2023
Birkenstock Prices Its Initial Public Offering of Stock Valuing the Sandal Maker at $8.64 Billion 💰

Birkenstock, the 249-year-old German manufacturer of high-end sandals, has set the price for its initial…

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October 12, 2023
IMF and World Bank Convene Annual Meetings in Marrakech, Morocco to Tackle Global Economic Challenges 🏦🇲🇦

In a significant development for the global financial landscape, the International Monetary Fund (IMF) and…

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October 11, 2023
Federal Reserve Considers Pause in Rate Hikes as Bond Yields Surge and Financial Conditions Tighten ⏸️

Federal Reserve officials are considering a pause in their ongoing interest rate hikes due to…

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October 11, 2023
Mirati will be purchased by Bristol-Myers Squibb for $4.8 billion 🤝

Pharmaceutical giant Bristol-Myers Squibb is set to acquire cancer drugmaker Mirati Therapeutics in a significant…

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October 10, 2023
Shell expects higher gas trading profits in the third quarter 📈

In the third quarter of this year, Shell, one of the world’s leading energy companies,…

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October 10, 2023
Almarai of Saudi Arabia reports a 5% increase in third-quarter earnings on increasing sales 📈🇸🇦

Saudi Arabia’s largest dairy company, Almarai, has reported a significant 5% increase in third-quarter net…

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October 9, 2023
Egyptian banks prohibit the use of debit cards for foreign currencies 🇪🇬💳

Two Egyptian banks, Arab African International Bank and Arab International Bank, have temporarily suspended the…

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October 6, 2023
Tim Cook, the CEO, makes $41.5 million by selling some Apple stock 💻

In a noteworthy move, Apple’s CEO, Tim Cook, has decided to offload a portion of…

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October 6, 2023
Agreement between Saudi Arabia and Portugal to increase aviation industry collaboration 🇸🇦🇵🇹

Saudi Arabia and Portugal have forged a promising partnership in the aviation sector through a…

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October 5, 2023
Stock Futures Dip as Dow Enters Negative Territory for 2023 📉

Stock futures saw a slight dip after a tough trading session left the Dow Jones…

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October 5, 2023
AD Ports Group’s Noatum Unit Completes $85 Million Acquisition of Sese Auto Logistics in Spain 🇦🇪⛴️

Abu Dhabi’s AD Ports Group announced that its subsidiary, Noatum Logistics, has successfully acquired the…

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October 4, 2023
GM and Stellantis Confront $9.5 Billion in US Fuel Economy Fines, Highlighting Industry Challenges 🇺🇸

In a recent industry group letter, it has been revealed that General Motors (GM) and…

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October 4, 2023
OPEC Urges Increased Investment in Oil and Gas Sector to Ensure Energy Security 🛢️🏗️

In a recent statement at an energy industry event in Abu Dhabi, OPEC’s Secretary-General, Haitham…

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October 3, 2023
US Stock Futures Advance as Traders Await Powell: Markets Close 📈🔐

In anticipation of Federal Reserve Chairman Jerome Powell’s highly-anticipated speech, US stock futures have surged,…

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October 3, 2023
The net assets of Saudi endowment investment funds reach $133 million. 🇸🇦💰

Saudi Arabia’s endowment investment funds are experiencing remarkable growth, as the General Authority of Awqaf…

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October 2, 2023
Dubai Islamic Bank Expands Global Footprint with 20% Stake in Turkish Digital Banking Group T.O.M.  🇦🇪🇹🇷

Dubai Islamic Bank (DIB), the United Arab Emirates’ largest financial institution, is extending its reach…

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October 2, 2023
Hong Kong Poised to Appoint HKMA Executive as CEO of $8 Billion Fund 🇭🇰

Hong Kong is poised to make a significant move in bolstering its financial infrastructure with…

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October 1, 2023
Dubai’s Emaar in Talks to Build Housing Projects in Saudi Arabia 🇸🇦🇦🇪

Dubai’s Emaar Group is currently in advanced discussions regarding potential housing projects in Saudi Arabia….

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September 30, 2023
Apoorva Mehta, the founder of Instacart, leaves with a $1.1 billion fortune. 💰

Apoorva Mehta, the founder of Instacart, is bidding farewell to the company he built with…

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September 29, 2023
Gold Prices Take a Sharp Dive in Dubai, Shedding Over Dh1 per Gram 🇦🇪💰

In a significant turn of events, the price of gold has seen a steep decline…

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September 29, 2023
Saudi Exchange Launches Four New Indices, Expanding Investment Opportunities 💱🇸🇦

The Saudi Exchange (Tadawul) has unveiled four new indices, a significant move to fortify Saudi…

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September 28, 2023
Saudi Private Sector Gears Up for GCC-Türkiye Economic Forum to Boost Regional Ties 🇹🇷🇸🇦

The Saudi private sector is gearing up for the eagerly anticipated GCC-Türkiye Forum, set to…

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September 28, 2023
UAE Sets Sights on 5% Mining Sector GDP Share 🇦🇪

The United Arab Emirates (UAE) has set an ambitious economic target, aiming to achieve a…

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September 27, 2023
Saudi capital market witnesses 204% growth in listings, up from the targeted 24 to 49 listings 🇸🇦📈

The Saudi capital market has witnessed a remarkable growth in listings in 2023, with a…

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September 27, 2023
Hedge Funds Boost Euro Shorts to 11-Month High on Strengthened ECB Policy Outlook. 🇪🇺🚀

In a significant market development, hedge funds have significantly increased their bearish positions on the…

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September 26, 2023
Global Funds Boost Japan Stock Sales to Highest Level Since 2019 🌍💰

In a significant market development, global investment funds have substantially increased their sales of Japanese…

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September 26, 2023
China and India at the Helm of Asia’s Most Severe Hydropower Crisis in Decades 🇨🇳🇮🇳

Amidst soaring energy demands and erratic weather patterns, China and India find themselves at the…

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September 25, 2023
Toshiba Confirms $14 Billion Takeover by JIP, Initiating Transition to Private Ownership 💻🇯🇵

In a significant corporate development, Toshiba Corporation has officially acknowledged the successful $14 billion takeover…

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September 25, 2023
Russia’s TMK Announces Secondary Share Offering of 15 Million Shares 📢🇷🇺

Russia’s TMK (Pipe Metallurgical Company) has revealed its plans to conduct a secondary share issue,…

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September 24, 2023
Indian Stock Market Faces Early Setback as HDFC Bank Drags Down Indices 🔻🇮🇳

The Indian stock market kicked off the trading day on a cautious note, with the…

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September 23, 2023
UK Inflation Falls to 6.7% Amidst Surprising Dip in Food Prices 🇬🇧🛒

In a significant economic development, the United Kingdom has witnessed a surprising dip in its…

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September 22, 2023
Aramco CEO Challenges Peak Oil Demand Outlook ⛽️🇸🇦

The widely held notion of peak oil demand is facing increasing skepticism, as Amin Nasser,…

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September 22, 2023
Markets Display Resilience as Investors Await Federal Reserve’s Verdict 🏦

In a cautious start to the trading week, global stocks managed to inch higher as…

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September 21, 2023
Venture Capital Investments in China Plunge, Set to Record Worst Performance in Over Seven Years 📉🇨🇳

China’s venture capital (VC) arena is currently witnessing a steep decline, with VC deals in…

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September 21, 2023
Goldman Sachs Strategists Increase Forecasts for Japanese Stocks on Account of a Stable Yen 🇯🇵💴

Goldman Sachs strategists have recently boosted their predictions for Japanese equities, citing a positive outlook…

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September 20, 2023
China urges brokers to reduce foreign exchange trading in support of the weakening yuan. 💴 🇨🇳

China’s venture capital (VC) arena is currently witnessing a steep decline, with VC deals in…

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September 20, 2023
The FTSE 100 is up over 1% as China data lifts miners. 📈

In a positive turn of events, the FTSE 100 index surged by nearly 1% today,…

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September 19, 2023
Mubadala Asset Management Teams Up with Apollo for Bespoke Investments 🇦🇪🔑

Mubadala Investment Company’s asset management arm has announced a strategic partnership with Apollo Global Management…

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September 19, 2023
German Debt Offers Unprecedented Appeal Compared to Cash in Years 🇩🇪💶

Investors are flocking to German government debt, driven by its newfound attractiveness compared to holding…

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September 18, 2023
Novo’s Stock Surges Following First Decade-Long Split of Ozempic Maker’s Shares 📈

Novo Nordisk, the pharmaceutical giant known for its diabetes drug Ozempic, has witnessed a significant…

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September 18, 2023
Lakestar leads a $40 million investment in French fintech firm Swan, which was an early Revolut backer 🇫🇷📱

Lakestar, one of the pioneering investors in the success story of Revolut, has once again…

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September 17, 2023
Europe’s Sluggish Gas Demand Signals Deepening Industrial Downturn ⛽️

Europe is facing a concerning downturn in gas demand, signifying a deeper industrial malaise gripping…

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September 16, 2023
Standard Chartered-Owned Crypto Firm Zodia Launches in Singapore 🇸🇬

Zodia, the cryptocurrency custody and trading platform owned by Standard Chartered, has officially launched its…

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September 15, 2023
Morgan Stanley Takes Contrarian Stance, Favors Treasuries Amid Clash With Wall Street Peers 🏦

In a notable departure from the prevailing sentiment on Wall Street, Morgan Stanley has emerged…

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September 15, 2023
Alibaba Shares Tumble 4% as Former CEO Exits Cloud Unit ⤵️

In a surprising turn of events, Alibaba Group Holdings Ltd. witnessed a sharp 4% drop…

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September 14, 2023
Gas prices in Europe increase as Chevron fails to prevent LNG strikes ⛽️🇪🇺

European gas prices have surged as a result of Chevron’s inability to avert a series…

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September 14, 2023
Apple Becomes the Biggest Pawn in US-China Relations to Date 📱🇨🇳🇺🇸

In an increasingly tense global trade landscape, Apple Inc. has found itself at the center…

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September 13, 2023
Korea Poised to Issue Inaugural Yen Bond in Japan Amid Warming Relations 🇯🇵🇰🇷

In a significant development indicative of improved bilateral ties, South Korea is preparing to issue…

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September 13, 2023
European Luxury Stocks Tumble as Richemont Chairman Highlights Inflation’s Impact on Demand 📉💶

In a startling turn of events for Europe’s luxury sector, stocks took a significant hit…

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September 12, 2023
Morgan Stanley Turns Bearish on Emerging Market Currencies due to Growing China Risks 📉

In a significant shift in their outlook, Morgan Stanley, one of the world’s leading financial…

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September 12, 2023
Elon Musk borrows $1 billion from SpaceX in the same month that he acquired Twitter – WSJ 💵🛰️

In a surprising financial twist, billionaire entrepreneur Elon Musk has reportedly borrowed a substantial sum…

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September 11, 2023
 Gunvor Warns of Potential Risk to Crude Oil Rally Amidst Demand Uncertainties in Asia ⛔️

Gunvor Group, a leading global commodity trading company, has sounded a cautionary note on the…

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September 11, 2023
UK Investors Experience Rapid Shift as ESG Frenzy Wanes, Calastone Reports 🇬🇧

Calastone’s latest report reveals a significant shift in the UK investment landscape as investors rapidly…

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September 8, 2023
 Australia’s IPO Market Sets its Sights on Virgin’s Comeback and Molycop’s Offering 🇦🇺

Australia’s IPO (Initial Public Offering) market is abuzz with anticipation as it pins its hopes…

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September 8, 2023
Broadcom Shares Dip as Forecasts Fall Short Amidst Nvidia’s Stellar Performance 📉

Broadcom, a prominent player in the semiconductor industry, faced a dip in its stock value…

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September 7, 2023
India Witnesses Decline in Russian Oil Imports as Alternative Suppliers Ramp Up 🇮🇳🇷🇺

India’s reliance on Russian oil imports is experiencing a notable decline as the nation diversifies…

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September 7, 2023
Stocks Inch Upward in Anticipation of Key US Jobs Data: Market Overview 🇺🇸

Global stock markets experienced a cautious uptick as investors turned their attention to eagerly awaited…

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September 6, 2023
Kazakhstan Bolsters Energy Security Through Acquisition of Tankers for Diversified Oil-Export Routes🇰🇿

In a strategic move aimed at enhancing energy security and reducing reliance on traditional oil-export…

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September 6, 2023
UBS Announces Acquisition of Credit Suisse’s Domestic Bank and Pursuit of $10 Billion in Cost Reductions 🏦

In a groundbreaking move set to reshape the banking landscape, UBS has unveiled its plans…

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September 5, 2023
Simplex Launches Groundbreaking ETFs Concentrating on Stocks Below Book Value in Japan 🇯🇵𖣜

Japanese investment firm Simplex has made a pioneering move by introducing the first-ever Exchange-Traded Funds…

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September 5, 2023
Investment Funds Face Consequences for Holding Limited Nvidia Shares Following Spectacular 230% Surge 📈

In the wake of Nvidia’s remarkable 230% rally, investment funds are grappling with the repercussions…

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September 4, 2023
Indonesia Miner Emerges as 2023’s Top Large IPO with Remarkable 150% Gain 🇮🇩

In a remarkable turn of events, an Indonesian mining company has seized the spotlight by…

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September 4, 2023
Sweden’s Economic Outlook Revised Downward by SEB Amidst Household Financial Strain 🇸🇪

In a significant development reflecting the intricate interplay between economic factors, Sweden’s leading financial institution,…

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September 3, 2023
European Stocks Begin on a Positive Note Following Fed Chair’s Hint at Possible Rate Hikes 🇪🇺📊

European stock markets kicked off the trading day on an upbeat note as investors reacted…

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September 2, 2023
Saudi PIF-Backed Oil and Gas Driller ADES Unveils Ambitious IPO Strategy 🛢️🇸🇦

In a bold move set to make waves within the energy sector, leading Saudi Arabian…

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September 1, 2023
Anticipated US-Iran Accord Initiates Shift in Global Oil Markets 🛢️🌎

Amidst growing anticipation, global oil markets are beginning to witness the subtle but impactful ripples…

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September 1, 2023
CMC Markets Embraces Challenge with Resilience as Annual Profit Forecast Adjusted; Shares See 20% Adjustment 📊

n a display of resilience amidst challenging market conditions, CMC Markets, a prominent player in…

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August 31, 2023
Jadwa of Saudi Arabia Acquires 35% Stake in Gissah Perfumes of Kuwait in Anticipation of IPO 🇸🇦

In a strategic move ahead of its anticipated initial public offering (IPO), Gissah Perfumes of…

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August 31, 2023
US Bank Shares Dip Following S&P Ratings Downgrades 🇺🇸📉

In the wake of S&P’s decision to downgrade certain ratings, shares of US banks have…

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August 30, 2023
Oil Price Uptick Reflects in Gulf Markets’ Positive Movement 🛢️

The Gulf markets are following the upward trajectory of oil prices, resulting in a positive…

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August 29, 2023
AI Funds Overlook the AI Stock Boom, Leaving Potential Gains Untapped 🤖

Despite the remarkable surge in AI-related stocks, AI-focused funds seem to be missing out on…

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August 29, 2023
European Stock Markets Experience Tension Amid Growing Apprehension over China’s Economic Outlook 🇪🇺

Turbulence has gripped European stock markets as the cloud of uncertainty stemming from China’s economic…

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August 26, 2023
Hedge Funds Trim Chinese Stock Holdings in August, Goldman Reports 📉

Goldman Sachs has reported a distinct trend as hedge funds reduced their exposure to Chinese…

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August 25, 2023
Germany and Spain Vie for $4.8 Billion Indian Submarine Deal in Intense Competition 🇩🇪🇪🇸

In a high-stakes maritime showdown, Germany and Spain are locked in a fierce contest over…

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August 25, 2023
Goldman Sachs Forecasts Global AI Investment Approaching $200 Billion by 2025 💰

Buckle up for an AI-powered future! Goldman Sachs has just unveiled a captivating projection: the…

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August 24, 2023
Iron Ore Dips Below $100 Amid China’s Rate Cut Following Data Miss 📉

In an energetic market update, the iron ore scene has taken a slight dip below…

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August 24, 2023
JPMorgan and Western AM Showcase Remarkable Treasury Gains Amid Bond Market Turmoil 🏦

Amidst the recent turbulence in the bond market, a remarkable narrative emerges as JPMorgan and…

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August 23, 2023
Swedish Housing Market Keeps Optimism Alive with Third Consecutive Month of Positive Home Price Outlook 🇸🇪

The Swedish housing market continues to radiate positivity as homeowners and experts maintain their upbeat…

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August 23, 2023
Global Markets on Edge as Chinese Stocks Lead Selloff and Yields Tick Upward: A Comprehensive Market Overview 🇨🇳🌍

Amidst a backdrop of global market volatility, Chinese stocks have taken center stage as they…

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August 22, 2023
S&P 500 Futures Edge Up Following a Challenging Week

Amidst the aftermath of another week of losses, S&P 500 futures are showing a modest…

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August 18, 2023
Stock Market Surge Creates More 401(k) Millionaires 💰📊

The recent exhilarating surge in the stock market has brought about a heartwarming outcome: an…

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August 18, 2023
Citigroup Expands its Reach: Welcomes Thousands of Asia Wealth Clients in Global Pursuit 🚀

Citigroup is making bold strides in its global expansion efforts as it successfully onboards thousands…

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August 17, 2023
Myanmar Implements Stricter FX Regulations for Businesses to Combat Black Market Activities 🏪

In a proactive move to tackle black market operations, Myanmar has introduced tightened foreign exchange…

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August 16, 2023
Surprise Stock Market Rally Shakes Up Bearish Hedge Funds 📊

In a surprising twist that has left financial experts astonished, a sudden stock market rally…

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August 16, 2023
SoftBank Reports Unexpected Setback Despite Vision Fund’s Return to Profitability After Five Challenging Quarters

SoftBank delivered an unexpected loss for the April-June quarter, leaving many in the market surprised….

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August 15, 2023
Investor Anticipation: European Stocks Slip Amidst Awaited Key Inflation Readings 📊

In the fast-paced world of finance, European stocks experienced a slight slip as investors eagerly…

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August 15, 2023
Aramco’s Remarkable $29.4 Billion Performance Dividend Ignites Investor Optimism 📈

In a momentous development, Saudi Aramco, the world’s largest oil company, has announced a staggering…

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August 14, 2023
Nasdaq 100 Futures Rise Amid Big Tech Earnings and Jobs Data Anticipation 📈💼

Stay in the loop with real-time market developments! As of Friday, August 4, 2023, 3:46…

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August 14, 2023
Gulf Equities Mirror Oil Prices While Asian Shares Dip 🌐📉

In a synchronized market move, major Gulf equities are closely tracking the fluctuations in oil…

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August 11, 2023
Turkey’s Debt Ratings Hang in the Balance: All Eyes on Erdogan’s Policy Implementation

The trajectory of Turkey’s debt ratings remains uncertain, with crucial implications dependent on President Erdogan’s…

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August 11, 2023
Abu Dhabi Unites Real Estate Assets in $12 Billion Venture

In a strategic move, Abu Dhabi is consolidating its vast real estate assets under a…

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August 10, 2023
India’s oil imports from Russia drop as impending restrictions approach

India’s reliance on Russian oil has seen a notable decline, with oil imports from Russia…

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August 10, 2023
FTSE 100 Soars at Open Following Upbeat Results from HSBC and Diageo

In an exciting start to the trading day, the UK’s FTSE 100 index has surged…

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August 9, 2023
Walmart Makes a Major Move: Acquires $1.4 Billion Tiger Global Stake in India’s Flipkart, Reports Wall Street Journal

In a significant development, retail giant Walmart has taken a bold step by acquiring a…

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August 9, 2023
W-Scope Inks Game-Changing 5-Year Supply Deal with Samsung SDI, Igniting Share Surge in Japan

In a groundbreaking move, Japan’s W-Scope has signed a transformative 5-year supply agreement with Samsung…

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August 8, 2023
Bank of England’s Bold Move: Rates Poised to Reach 5.25% Amidst Persistent High Inflation 🏦📈

The Bank of England is gearing up for an audacious step as it prepares to…

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August 8, 2023
Amid OPEC+ Supply Cuts, the Middle Eastern Oil Market Experiences Exciting Shifts

Exciting developments are reshaping the Middle Eastern oil market as OPEC+ takes bold steps with…

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August 7, 2023
Following the BOJ’s “Stealth” Policy Shift, Japan’s Yields Reach a 9-Year High as the Yen Strengthens

In an unexpected twist, Japan’s sovereign bond yields have surged to a remarkable nine-year high,…

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August 7, 2023
Emirates NBD Surpasses Expectations with Strong Profit Growth Fueled by Margin Expansion and Robust Deposits

In a remarkable performance, Emirates NBD, a leading bank in the United Arab Emirates, has…

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August 3, 2023
Good News for UK Retail Bank as Barclays Forecasts Positive Outlook and Lifts Buyback 📈

Barclays, one of the leading financial institutions in the UK, has recently issued an optimistic…

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August 3, 2023
China’s Power Exchanges Gear Up for National Market⚡️📈

China is making significant strides towards unifying its fragmented power market, urging power exchanges to…

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August 2, 2023
ESG Investing Takes Off in India as SEBI Opens the Door 🔥 

Environmental, Social, and Governance (ESG) investing is poised to gain prominence in India following a…

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August 2, 2023
Rhine River on Life Support as German Industry Struggles 💦 

German industries are facing challenges caused by frequent low water levels on the River Rhine,…

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August 1, 2023
Bitcoin’s Retreat Threatens Crypto’s 2023 Stock Market Dominance

Bitcoin’s recent retreat has cast a shadow of uncertainty over the cryptocurrency’s lead against traditional…

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August 1, 2023
Yuan Surges as Beijing Commits to Strengthening Economy

The Chinese yuan experienced a notable jump in value as Beijing announced its unwavering commitment…

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July 31, 2023
Saudi National Bank Surpasses Estimates, Reports 9% Rise in Q2 Net Profit

In a remarkable performance, the Saudi National Bank (SNB) has outperformed market estimates by reporting…

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July 31, 2023
Tech, Oil, and the Fed: What’s Ahead for the Market in the Coming Week

In the upcoming week, investors are eagerly eyeing three key factors that could significantly impact…

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July 30, 2023
Chinese Bonds Attract Foreign Investors Amid Fed Pivot Optimism

Foreign investors are flocking back to Chinese bonds with renewed optimism as hopes grow for…

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July 29, 2023
Asia Stocks Surge Ahead of Key Rate Decisions: Market Sentiment Bolstered

In a promising turn of events, most Asia stocks rallied higher as investors eagerly anticipated…

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July 28, 2023
Taiwan Attracts Foreign Investors as AI Stocks Spark Interest

Taiwan’s AI sector has become a magnet for foreign investors, drawing significant attention and capital…

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July 28, 2023
Legal Victory for Mahindra as US Court Rules in Favor of Jeep-like Vehicle Sales

In a significant legal battle, Mahindra, the Indian multinational automobile manufacturer, emerges victorious as a…

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July 27, 2023
Ramsay and Sime Darby Commence $1.5 Billion Hospital Unit Sale, Sources Reveal

In a major development in the healthcare industry, Ramsay Health Care and Sime Darby have…

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July 27, 2023
Elon Musk Hints at Possible Price Cuts for Tesla Amidst ‘Turbulent Times

In the midst of challenging market conditions, Tesla’s CEO, Elon Musk, has hinted at the…

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July 26, 2023
Asian Stocks Hold Steady as Yuan Rallies Supported by PBOC: Market Wrap

Asian stock markets displayed resilience, maintaining a stable stance amidst global economic uncertainties. Investors remained…

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July 26, 2023
Indian Gold Miner Achieves 15-Year High Following Unprecedented Asset-Buying Spree

In a remarkable turn of events, India’s leading gold mining company has reached a 15-year…

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July 25, 2023
Eskom Takes Strong Measures, Cancels $616 Million Deals in South Africa Crackdown

In a significant move to combat corruption and ensure transparency, Eskom, South Africa’s state-owned power…

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July 25, 2023
London Stocks Rise as Domestic Inflation Experiences Significant Cooling

London’s stock market opened on a positive note as domestic inflation witnessed a notable cooling…

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July 24, 2023
US Implements Stricter Residential Mortgage Mandates, Impacting Wall Street Banks

The United States is introducing rigorous mandates for residential mortgages, surpassing global standards, in a…

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July 24, 2023
Indus Japan Fund Sees 7% Asset Boost as Bullish Investors Rally

Indus Japan Fund, a leading investment firm focused on the Japanese market, experienced a remarkable…

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July 23, 2023
Endeavour Shares Plummet to Record Low Amidst Tightened Poker Machine Regulations in Australia

Endeavour Group, an Australian hospitality company, witnessed a significant decline in its shares as new…

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July 22, 2023
Rising Demand in Asia as Saudis Reduce Oil Supply: Dirty and Sludgy Oil Takes Center Stage

As Saudi Arabia reduces its oil supply, Asia is experiencing a surge in demand, resulting…

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July 21, 2023
FTSE 100 Opens Lower as Weak Chinese Economic Data Impacts Mining Stocks

The UK’s FTSE 100 index started the trading day on a downward trajectory as mining…

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July 20, 2023
Gaming market in Africa is anticipated to reach $1 billion in 2024. 

In 2024, the gaming sector in Sub-Saharan Africa is anticipated to produce more over $1…

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July 20, 2023
Goldman’s Flood Predicts S&P 500 to Reach Record High by Year-End

According to Goldman Sachs’ Chief U.S. Equity Strategist, David Kostin, the S&P 500 is poised…

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July 19, 2023
Wing Concludes $600 Million AI-Focused Fund, Backed by Snowflake

Wing, a renowned supporter of the cloud data platform Snowflake, proudly announces the successful closure…

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July 19, 2023
Nomura’s Resurgence: Reviving European Equities Business Amid Global Expansion

Nomura, the global investment bank, is making a strategic comeback by relaunching its European equities…

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July 18, 2023
Australia Takes Stride Towards Stringent Oversight of Pension Funds’ Private Assets

In a bid to bolster regulatory scrutiny and address emerging concerns surrounding pension funds’ investments…

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July 18, 2023
Nasdaq 100 index will be rebalanced because a few tech firms have become too large

Nasdaq is making unique changes to its well-liked growth index as a result of the…

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July 17, 2023
Romania Anticipates Trading Surge Following Europe’s Largest IPO

Romania is gearing up for an anticipated surge in trading activity after successfully hosting Europe’s…

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July 17, 2023
China’s Regulator Urges Banks to Address Bearish Goldman Report: Insights into Financial Stability

The regulatory authorities in China have recently issued a request to banks, urging them to…

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July 16, 2023
Foxconn, an Apple supplier, abandons a $19.5 billion India semiconductor project

A $19.5 billion joint venture project with Indian conglomerate Vedanta, which would have brought semiconductor…

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July 15, 2023
France Nears €3 Billion Fighter Deal for India in Modi’s Push to Strengthen Defense Arsenal

France is on the verge of finalizing a significant fighter deal worth €3 billion with…

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July 14, 2023
Indonesia Parliament Passes Health Reform Bill Despite Protests: A Bold Step Towards Improving Healthcare

In a landmark move, the Indonesian Parliament has recently passed the Health Reform Bill, defying…

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July 14, 2023
Alibaba shares increase as Chinese regulators penalize Ant Group, putting an end to regulatory uncertainty

On Monday, Alibaba’s Hong Kong-listed shares increased by 3% on expectations that the years-long investigation…

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July 13, 2023
European Shares Slip as Disinflation Concerns Arise on China Data

European shares experienced a decline as concerns over disinflation were sparked by recent data from…

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July 13, 2023
$7.5 Billion Futures Trade Gets Off to a Tepid Start Following India’s Market Shift

The much-anticipated $7.5 billion futures trade, which recently shifted its operations to India, experienced a…

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July 12, 2023
U.S. Oil Boom Dampens OPEC’s Pricing Power, Shaping Energy Market Dynamics

The burgeoning oil production in the United States is exerting a significant impact on OPEC’s…

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July 12, 2023
China to impose a penalty of at least $1.1 billion in order to halt Ant Group’s regulatory reform.

The fintech company’s years-long regulatory revamp will likely come to an end when Chinese regulators…

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July 11, 2023
Exxon’s $4 billion in earnings are impacted by petrol prices and refining.

According to Exxon Mobil Corp., lower natural gas prices and refining margins will cause a…

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July 11, 2023
Resurgence Seen in the ‘Broken’ Relationship of Commodity Currencies

The relationship between commodity currencies and commodity prices, which had appeared strained in recent times,…

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July 10, 2023
ESG Equity Funds Experience Significant Outflows Amid Market Volatility and U.S. Backlash

ESG (Environmental, Social, and Governance) equity funds have encountered substantial outflows as investors navigate market…

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July 10, 2023
Brent falls as supply cutbacks are outweighed by economic headwinds.

On Wednesday, the price of oil benchmark Brent slipped down as worries about a slowing…

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July 9, 2023
Binance Australia Offices Searched by Regulator in Derivatives Probe

Australian regulators have conducted a search at the offices of Binance, a leading cryptocurrency exchange,…

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July 8, 2023
Swiss Financial Watchdog Chief Urges Introduction of Enhanced Enforcement Tools for Better Regulation

The leader of Switzerland’s Financial Market Supervisory Authority (FINMA) has recently advocated for the implementation…

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July 7, 2023
Tesla shares rose almost 7% as delivery and production figures exceeded expectations

Tesla shares surged 6.9% on Monday, fueled in part by higher-than-expected second-quarter deliveries and production…

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July 7, 2023
US Court Orders Substantial Payment Following Disappearance of 500,000 American Silver Eagle Coins

A US court has mandated the payment of nearly $146 million (£115 million) by two…

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July 6, 2023
Southeast Asia Experiences Challenging Market Performance, Raising Concerns

In recent times, Southeast Asia has found itself grappling with some of the most underperforming…

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July 6, 2023
India’s HDFC Bank successfully acquires the biggest mortgage lender in the nation for $40 billion.

HDFC Bank, India’s largest private lender, has finalized its merger with Housing Development Finance Corporation,…

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July 5, 2023
Apple Makes History, Surpasses $3 Trillion Market Value Amid Tech Industry Surge: Markets Wrap”

In a monumental achievement for the technology giant, Apple Inc. has surpassed the remarkable milestone…

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July 5, 2023
Muzinich Raises $500 Million for First Asia Private Credit Fund, Driving Growth in the Region

Muzinich & Co., a global investment firm specializing in private credit, has successfully raised $500…

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July 4, 2023
With a $4.6 billion sale, billionaire Robert Smith’s company more than doubles its investment in a software maker.

Robert Smith’s Vista Equity Partners more than quadrupled its initial investment in Apptio Inc. after…

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July 4, 2023
In a court filing, Microsoft CEO Satya Nadella stated that his company’s objective is to exceed $500 billion in sales by 2030.

Microsoft CEO Satya Nadella stated to board members and other executives last year that the…

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July 3, 2023
Malaysia’s Sovereign Wealth Fund Aims for Increased Portfolio Resilience Amid Volatile Markets

Malaysia’s sovereign wealth fund is actively pursuing strategies to enhance the resilience of its investment…

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July 3, 2023
Morgan Stanley Anticipates Fed to Raise Rates in July Following Powell’s Speech

In a recent market analysis, Morgan Stanley, one of the world’s leading investment banks, predicts…

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July 1, 2023
Renault Completes €200 Million Sale of Stake in Formula 1 Unit to Investors

Renault, the renowned French automotive manufacturer, has successfully concluded the sale of its €200 million…

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June 30, 2023
Oil drops 4% as rising interest rates offset declining US oil supplies.

On Thursday, oil futures fell by almost 4% as concerns over the economy and fuel…

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June 29, 2023
Pakistan Nears Crucial IMF Deal as Last-Ditch Measures Propel Progress

In a significant development, Pakistan has taken crucial last-ditch steps to advance towards securing a…

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June 29, 2023
India’s Largest Low-Rated Bond Will Be Sold by Tycoon Mistry’s Company

Tycoon Cyrus Mistry’s firm is making headlines as it prepares to sell India’s largest low-rated…

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June 28, 2023
Diamond prices have declined 18% from their high, and analysts believe there is still possibility for further decline.

According to one Global Rough Diamond Price Index, diamond prices are down 18% from their…

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June 28, 2023
Benchmark for Philippine Stocks Nearing Technical Correction

The Philippine stock market’s benchmark index is teetering on the edge of a potential technical…

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June 27, 2023
Swedish Landlord SBB Under Investigation by Country’s FSA Regarding Accounting Rules

Swedish property company Samhällsbyggnadsbolaget i Norden AB (SBB) is under investigation by the country’s Financial…

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June 27, 2023
UK Housebuilder Berkeley Flags Demand Woes Despite Annual Profit Jump

London-based housebuilder Berkeley Group has reported a significant increase in annual profits, although concerns about…

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June 26, 2023
Analysts predict that Singapore Star Stock will survive the price cap shock.

Singapore’s star stock is expected to withstand the recent price cap shock, according to market…

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June 26, 2023
Bill Gates’ venture capital firm has hatched a $1 billion A.I. unicorn that utilizes machine learning to mine rare earth metals

KoBold Metals, a rare earth mining firm located in Berkeley, has completed a fundraising round…

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June 25, 2023
German shares lead falls in Europe as Lanxess plunges

German shares led the downward trend in European markets as Lanxess, a major chemical company,…

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June 24, 2023
Hyundai Sets Ambitious Target of Selling 2 Million Electric Vehicles by 2030

Hyundai, the renowned automobile manufacturer, has announced an ambitious plan to increase its sales of…

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June 23, 2023
Airbus receives a record 500-plane order from India’s IndiGo

On the first day of the Paris Airshow, Europe’s Airbus revealed the largest airplane purchase…

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June 23, 2023
Saudi Arabian VC Fund to Receive $100 Million from Silicon Valley Investor

Plug and Play Tech Center, a Silicon Valley-based tech investor that helped launch companies including…

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June 22, 2023
Yeung from Credit Suisse is appointed co-head of APAC ECM by Deutsche Bank.

Deutsche Bank has appointed Yeung Wing Fat, previously with Credit Suisse, as the co-head of…

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June 22, 2023
JPMorgan Reaches $290 Million Settlement With Epstein’s Victims

JPMorgan Chase, one of the largest banks in the United States, has agreed to a…

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June 21, 2023
To attract investors, Malaysia will relax its IPO regulations this year.

Malaysia is set to relax its initial public offering (IPO) regulations this year in an…

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June 21, 2023
Strong China refinery data and a lower US currency drove up oil futures by 3%.

On Thursday, the price of oil increased by roughly 3% to a one-week high due…

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June 20, 2023
Global Economy Out of Sync

The global economy is currently experiencing a lack of synchronization, with different regions exhibiting varying…

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June 20, 2023
China Support Hopes Help Asia Stocks Rise, While the Yen Declines: Markets Wrap

Asian stocks climbed as hopes for increased support from China boosted investor confidence. The Japanese…

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June 19, 2023
Bitcoin goes below $25,000, and Tether’s stablecoin falls below its peg to the US dollar.

Bitcoin dipped below $25,000 for the first time since March as a result of the…

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June 19, 2023
India’s Largest Fund Manager Forecasts End to Rupee’s Five-Year Slide

India’s biggest fund manager has made an optimistic prediction for the Indian rupee, suggesting that…

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June 18, 2023
Toyota shares reach a 16-month high as investors support the board and the new EV plan.

Following Wednesday’s decision by Toyota shareholders to keep Akio Toyoda as chairman, the company’s governance…

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June 17, 2023
 Asian Shares Struggle, Dollar Unsteady Ahead of Federal Reserve Meeting

Asian shares faced difficulties gaining momentum, and the dollar remained subdued as market attention focused…

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June 16, 2023
Amazon’s Cloud Unit Considers AMD’s AI Chips for Future Use

Amazon Web Services (AWS), the leading cloud computing provider globally, is exploring the possibility of…

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June 16, 2023
Inflation and the Fed: Key Events to Watch This Week

Investors entering a new bull market in stocks will closely monitor inflation data and the…

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June 15, 2023
UBS completes Credit Suisse takeover to become wealth management behemoth

UBS has completed its emergency takeover of Credit Suisse, creating a Swiss banking behemoth with…

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June 15, 2023
Analyzing the 20% Surge in US Stocks: Past and Future Outlook

US stocks have defied expectations, overcoming recession fears, a banking crisis, and surging Treasury yields…

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June 14, 2023
Binance.US Faces Regulatory Pressure, Suspends Fiat Deposits

Binance.US, the American counterpart of the global cryptocurrency exchange Binance, has taken a significant step…

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June 13, 2023
GameStop Replaces CEO as Sales Decline, Ryan Cohen Takes Charge

Ryan Cohen, the billionaire investor known for his involvement with GameStop and meme stock trading,…

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June 13, 2023
China’s Interest Rate Cuts Aim to Boost Economy Amidst Economic Challenges

China’s largest state banks recently announced a reduction in interest rates on yuan deposits, a…

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June 12, 2023
Spanish Stocks Soar on Strong Inditex Performance, While Luxury Companies and Miners Struggle

Spanish stocks experienced a significant boost on Wednesday following the impressive quarterly performance of Inditex,…

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June 12, 2023
Shanghai Court Freezes $278 Million Worth of Dalian Wanda Commercial Shares

A Shanghai court has issued an order to freeze shares worth 1.98 billion yuan ($278.18…

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June 11, 2023
Following the SEC’s lawsuit against Binance, Bitcoin falls below $26,000.

After the U.S. Securities and Exchange Commission accused Binance, the biggest cryptocurrency exchange in the…

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June 10, 2023
Pepco Reports Q2 Earnings Growth, Faces Tougher Trading Conditions

European discount retailer Pepco Group (PCOP.WA) announced an 11% increase in first-half core earnings, with…

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June 9, 2023
SEC’s Lawsuit Against Binance Sends Shockwaves Through Crypto Industry

In a significant development, the Securities and Exchange Commission (SEC) has filed a lawsuit against…

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June 9, 2023
With a 28.5% CAGR, the smartphone Artificial Intelligence (AI) Market is expected to reach USD 880.28 Bn by 2029.

Exactitude Consultancy’s most recent market study, which it completed and released, predicts that the mobile…

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June 8, 2023
EQT Announces Acquisition of Dechra Pharma, Taking It Private in $5.6 Billion Deal

Swedish private equity firm EQT has revealed its plans to acquire Dechra Pharmaceuticals, a British…

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June 8, 2023
VTB Bank Initiates Secondary Public Offering, Targets Potential Capital Raise of $2.4 Billion

VTB Bank, a prominent Russian state-owned lender, has announced the pricing for its secondary public…

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June 7, 2023
GetYourGuide, a competitor of TripAdvisor, is close to reaching a $2 billion value as it raises funds for AI investments.

GetYourGuide, a German online travel business, collected $194 million from investors in order to expand…

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June 7, 2023
Shifting Tides: AI Dominates as Crypto’s Momentum Fades

In a surprising twist, the once-strong relationship between Bitcoin and technology stocks has faltered, leaving…

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June 6, 2023
Nvidia surpasses the $1 trillion market valuation before handing back gains.

Nvidia’s market worth reached $1 trillion at the start of trading on Tuesday before pulling…

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June 6, 2023
Nigerian equities increase after incoming President Tinubu makes economic recovery vows.

A day after new President Bola Tinubu made a commitment to revive an economy hampered…

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June 5, 2023
Barclays claims that Tesla is “set up well” for share growth despite ongoing demand restrictions.

Despite some short-term challenges, Barclays believes that Tesla is “set up well” for long-term share…

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June 5, 2023
OPEC+ discussions uncertainties and difficulties with the US debt deal cause the price of oil to decline.

As worries about the US debt ceiling agreement dampened the market’s risk-on mood and conflicting…

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June 4, 2023
Over the last five years, the stock of Mastercard has outpaced that of Visa.

Mastercard is one of the most recognized brands in the world. According to Nilson Report,…

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June 3, 2023
Saudi Arabia’s Net Reserves Drop to $410 Billion, the Lowest Level Since 2010

Saudi Arabia’s foreign reserves dropped to their lowest level in more than 13 years in…

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June 2, 2023
Citigroup cancels the sale of its Mexico units and will instead pursue an IPO.

An unexpected decision by Citigroup Inc. (C.N) to list its Mexican consumer business rather than…

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June 2, 2023
After Erdogan wins re-election, the Turkish currency drops to a record low and equities rise.

While stocks increased following President Tayyip Erdogan’s victory in the presidential election on Sunday, which…

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June 1, 2023
On Sunday, China Eastern will conduct the inaugural commercial flight of C919

The first commercial flight of China’s homegrown C919 narrow-body jet will take place on Sunday,…

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June 1, 2023
The risk to ancient art is under observation by Norway’s wealth fund for Indonesia.

A state-controlled cement manufacturer in Indonesia that Norway’s wealth fund owns an interest in has…

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May 31, 2023
Investment in fossil fuels is expected to reach $1 trillion in 2023, “more than double” the amount required for a net-zero future: IEA.

According to a recent analysis from the International Energy Agency, global energy investment is expected…

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May 31, 2023
German economy entered recession in Q1

Data from the statistics office showed on Thursday that the German economy shrank in the…

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May 30, 2023
World’s Richest Man Loses $11 Billion Following LVMH Stock Rout

The world’s richest man, Bernard Arnault, saw $11.2 billion of his fortune go in a…

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May 30, 2023
Gulf markets track declining Asian equities amid US debt ceiling standoff

A standstill in the U.S. debt ceiling negotiations dampened investor morale, and the majority of…

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May 29, 2023
India’s Adani stocks rise after a SEBI investigation finds no evidence of foreign ties.

A Supreme Court panel’s ruling on Friday that it was not “possible to conclude regulatory…

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May 29, 2023
Julius Baer’s decline hurts European stocks; economic statistics are the main concern

Following underwhelming results, European equities declined on Tuesday. Julius Bär, a Swiss wealth manager, led…

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May 28, 2023
Meta has been fined a record $1.3 billion for the transfer of user data from the EU to the US.

European privacy regulators penalized Meta a record 1.2 billion euros ($1.3 billion) for sending customer…

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May 27, 2023
China semiconductor stocks increased after Beijing said that U.S. chip maker Micron posed a “major security risk.”

Following Beijing’s move to restrict some imports of goods from U.S. memory chipmaker Micron, China’s…

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May 26, 2023
How Wall Street is putting together for a potential US debt default

Wall Street banks and asset managers have been bracing for the consequences of a potential…

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May 26, 2023
Netflix stock rises 9% on the strength of ad-tier growth.

Netflix’s stock price increased by more than 9%. Soon after revealing information on its new…

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May 25, 2023
The Wall Street rally propels European stocks as the German DAX approaches a record.

The German DAX reached record highs on Friday as European equities increased, helped by signals…

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May 25, 2023
On Friday morning, S&P 500 futures are marginally higher.

On Friday morning, the S&P 500 moved a little bit higher as Wall Street kept…

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May 24, 2023
As fiber and AI become more prevalent, BT might eliminate up to 55,000 jobs by 2030.

As it completes its fiber roll-out and adjusts to emerging technologies like AI, BT Group…

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May 24, 2023
Aston Martin stock soars after $295 mln on Geely investment

Thursday saw a roughly 22% increase in the price of Aston Martin’s (AML.L) stock following…

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May 23, 2023
Nvidia Stock Doubles Amid AI Boom in 2023

On May 11, analysts at Bank of America referred to Nvidia as the “picks and…

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May 23, 2023
UBS claims it was forced into an unfavorable Credit Suisse rescue merger.

According to a regulatory filing, UBS Group AG (UBSG.S) was hurried into buying cross-town rival…

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May 22, 2023
Japan stocks rise to their greatest level since 1990 as “foreign investors are back”

The Topix Index in Japan reached its highest level since August 1990, indicating a resurgence…

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May 22, 2023
Asian equities decline on weaker-than-expected economic data from China

The majority of Asian equities were up on Tuesday, despite the fact that the most…

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May 20, 2023
The pound falls after British job data, while the dollar approaches a five-week high.

The pound fell on Tuesday as a jump in Britain’s jobless figures suggested that the…

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May 19, 2023
London stocks begin the week on a high note, but John Wood falls.

The UK’s FTSE 100 opened higher on Monday, helped by advances in lenders and precious…

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May 19, 2023
Gold could rally to a new record high if the US defaults and investors flee to safety

Gold has begun to appear to be a more appealing investment as politicians continue to…

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May 18, 2023
SBB, a Swedish real estate business, raises funds through the sale of an interest in JM.

Troubled SBB (SBBb.ST), a Swedish real estate corporation, announced late Thursday that it has sold…

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May 18, 2023
London equities increase marginally in advance of the BoE rate decision.

In advance of the Bank of England’s (BoE) interest rate announcement, the UK’s FTSE 100…

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May 17, 2023
Bitcoin drops to its lowest level since March as crypto markets suffer by low liquidity and regulatory pressure.

On Friday, Bitcoin reached its lowest price since the middle of March as volatility in…

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May 17, 2023
PayPal drops 12% and anticipates its worst closing since 2017

After the payment provider lowered expectations for its annual adjusted operating margin, PayPal Holdings’ shares…

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May 16, 2023
Airbnb’s revenue growth accelerates due to rising bookings and rates

Airbnb’s revenue increased as the firm set a record for nights and experiences booked at…

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May 16, 2023
UAE’s ADNOC will give 15% of the logistics company’s IPO.

The Abu Dhabi oil firm ADNOC announced on Wednesday that it planned to conduct an…

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May 15, 2023
Following S&P’s downgrade, shares of French retailer Casino declined.

In early Wednesday trading, shares of French retailer Casino (CASP.PA) tumbled more than 1% after…

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May 15, 2023
TD cancels its $13.4 billion purchase of First Horizon, leaving a US bank in uncertainty.

The shares of the American regional bank, First Horizon dropped over 40% on Thursday after…

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May 14, 2023
Adidas shares surge on results, but CEO warns of a difficult year

Adidas (ADSGn.DE) reported better-than-expected quarterly earnings and said the Chinese market was recovering, sending its…

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May 13, 2023
European airlines report solid summer bookings and hope to avoid catastrophe.

IAG, the parent company of British Airways, and Air France-KLM reported record summer reservations as…

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May 12, 2023
Jamjoom Pharma of Saudi Arabia intends to list on the Saudi Exchange.

Jamjoom Pharmaceuticals Factory business of Saudi Arabia aims to proceed with its scheduled initial public…

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May 12, 2023
Goldman Sachs is wary about Turkish bank stocks ahead of the election.

Goldman Sachs said on Thursday that it was “cautious” about Turkish banks ahead of the…

Read more
May 11, 2023
In just 4 days, Apple reportedly attracted $1 billion in deposits into its new high-yield savings account.

In the first four days after its debut, Apple’s high-yield savings account received contributions totaling…

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May 11, 2023
AMD revenue drops 9% as PC chip sales decline sharply

Advanced Micro Devices (AMD) posted higher-than-expected sales and profitability for the first quarter, but the…

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May 10, 2023
Exports in China increased by 8.5%, maintaining their upward trend at a slower rate.

China’s exports increased by 8.5% in U.S. dollars in April, the country’s second consecutive month…

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May 10, 2023
Investors anticipate U.S. inflation reports as European markets open higher.

With the U.K. financial markets reopening following a public holiday, European markets are expected to…

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May 9, 2023
Shareholders at Berkshire reject measures related to climate change and diversity, but retain Buffett as chairman.

On Saturday, Berkshire Hathaway Inc. shareholders decisively rejected six modifications to the company’s environmental, social,…

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May 9, 2023
After Binance temporarily stops accepting bitcoin withdrawals, cryptocurrency prices drop.

Monday’s premarket trading saw a decline in shares of blockchain and cryptocurrency-related businesses after Binance…

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May 9, 2023
Following positive HSBC earnings, London stocks have a strong start to May.

Tuesday saw a little increase in the blue-chip FTSE 100 index in London, helped by…

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May 8, 2023
How Dimon from JPMorgan secured the First Republic agreement

On March 12, as multiple American banks struggled with a confidence crisis, JPMorgan Chase &…

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May 8, 2023
Sony shares decline as annual outlook is lower than anticipated.

After the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations,…

Read more
May 7, 2023
Due to the economy’s problems and the upcoming Fed meeting, gold is expected to increase weekly.

Gold prices were on track to post a second monthly increase on Friday as investors…

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May 6, 2023
Bill Gates’ net worth increases by $2 billion in a single day.

Bill Gates’ bank account grew by $2 billion this week as Microsoft shares rose after…

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May 5, 2023
Samsung’s earnings fell 95% to its lowest level since 2009 as semiconductor demand fell.

The operational profit of South Korean electronics giant Samsung fell dramatically in the first quarter…

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May 5, 2023
Despite modest price increases, Unilever sales exceeded expectations.

Unilever (ULVR.L), the company that makes Ben & Jerry’s ice cream and Dove detergent, shattered…

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May 4, 2023
Earnings at Coca-Cola exceeded expectations due to price increases and increased demand.

On Monday, Coca-Cola released quarterly earnings and sales that above analysts’ estimates thanks to price…

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May 3, 2023
European stocks decline as recession concerns outweigh positive earnings

Following overnight losses on Wall Street, European equities fell on Wednesday as concerns about a…

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May 3, 2023
An increase in Nivea sales favors Beiersdorf.

Price increases helped Beiersdorf’s (BEIG.DE) Nivea brand improve its sales by 18% in the first…

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May 2, 2023
China’s industrial capacity utilization rate reached 74.3% in the first quarter.

China’s industrial capacity utilization rate fell by 1.5 percent to 74.3 percent in the first…

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May 2, 2023
Netflix will spend $2.5 billion in South Korea to produce TV series and films.

Netflix Inc (NFLX.O) announced on Tuesday that it planned to invest $2.5 billion in South…

Read more
May 1, 2023
As caution sets in anticipation of cenbank meetings, gold prices decline.

As investor attention switched to central bank meetings for clarity on their rate-hike policies, which…

Read more
May 1, 2023
Despite the threat from Tesla, France’s Renault has no major price reductions planned.

In what the French automaker’s finance head on Thursday referred to as a downward “spiral,”…

Read more
April 30, 2023
Following the petition for bankruptcy protection, shares of Bed Bath & Beyond fell 47% in Frankfurt.

After the American home goods company filed for bankruptcy protection on Monday, shares of Bed…

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April 29, 2023
Having sparked a pricing war, Tesla is now the victim

The EV price battle was sparked in part by Tesla. The company’s sales and earnings…

Read more
April 28, 2023
Bonds worth $1.5 billion are issued by Abu Dhabi National Energy Co. 

Abu Dhabi National Energy Co. has concluded a $1.5 billion bond offering that will be…

Read more
April 28, 2023
The NYSE notifies WeWork that it is not in compliance.

As a result of its stock closing below $1 on average over a string of…

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April 27, 2023
Consumer confidence in Turkey increased by 9.2% in April.

According to official data released on Wednesday, Turkey’s consumer confidence index increased 9.2% to 87.5…

Read more
April 27, 2023
 Shares of Bank of America rise as first-quarter profits surpass expectations due to rising rates

In the recent quarter, Bank of America reported a 25% increase in net interest income…

Read more
April 26, 2023
Oil prices are increasing as China’s economy grows.

After plunging 2% the day before, oil prices modestly increased on Tuesday as the forecast…

Read more
April 26, 2023
China Mobile is considering purchasing HKBN, a Hong Kong telecom company.

According to four persons with knowledge of the situation, state-owned China Mobile Ltd (0941.HK) is…

Read more
April 25, 2023
IMF’s Georgieva advocates seeking assistance sooner after seeing “tangible progress” on debt difficulties

Kristalina Georgieva, the head of the International Monetary Fund, stated on Friday that debtors and…

Read more
April 25, 2023
Sanabil Investments, a subsidiary of PIF, received 4% of Saudi Aramco’s stakes.

Crown Prince Mohammed bin Salman stated on Sunday that a 4% share in Saudi Aramco…

Read more
April 24, 2023
Amazon is “heavily investing” in ChatGPT technology.

In the most recent Big Tech arms race over artificial intelligence, Amazon wants investors to…

Read more
April 24, 2023
Germany welcomes China’s indications of debt-restructuring concessions.

Germany’s finance minister welcomed China’s suggestion on Thursday that it may eliminate a demand for…

Read more
April 21, 2023
JPMorgan has been recruited by UBS to investigate C.Suisse’s domestic spin-off of Swiss media.

A possible IPO of Credit Suisse’s (CSGN.S) domestic business is being investigated by UBS (UBSG.S),…

Read more
April 20, 2023
Alibaba shares plummet after news of SoftBank’s stake sale

According to the Financial Times, Japanese technology investor SoftBank Group Corp (9984.T) decided to sell…

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April 20, 2023
The lower house of the Swiss parliament rejects the Credit Suisse rescue plan.

The 109 billion Swiss francs in financial guarantees that the government provided to Credit Suisse…

Read more
April 19, 2023
South African rand strengthens versus a declining dollar

As the dollar fell ahead of U.S. inflation statistics, the rand of South Africa strengthened…

Read more
April 19, 2023
IMF lowers its forecast for global growth

The International Monetary Fund lowered its forecast for global growth for the year on Tuesday,…

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April 18, 2023
Asia’s markets surge as bitcoin reaches $30,000 while the Bank of Korea maintains rates.

On Tuesday, the majority of stocks in the Asia-Pacific region increased as a result of…

Read more
April 18, 2023
The leader of the bank employees argues that Credit Suisse job cuts must be halted.

In an open letter sent to Switzerland’s parliament on Tuesday, the Swiss Bank Employees’ Association…

Read more
April 17, 2023
UK’s FTSE 100 is boosted by commodity-linked stocks, while Cineworld declines.

The second-largest theater chain operator in the world filed a plan of reorganization on Tuesday,…

Read more
April 17, 2023
Tesla to assemble new batteries in Shanghai, according to Elon Musk

Tesla, the electric vehicle manufacturer founded by Elon Musk, claims it is growing in China…

Read more
April 16, 2023
AI chatbot “SenseChat” is unveiled by Chinese company SenseTime.

A chatbot powered by artificial intelligence (AI) called “SenseChat” was presented by China’s SenseTime (0020.HK)…

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April 15, 2023
Uber-owned Careem initiates a spinoff with a $400 million investment from UAE tech holding firm e&

On Monday, the ride-hailing business Careem, which is owned by Uber, announced a spinoff with…

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April 14, 2023
Corporate bankruptcy filings in the US rose sharply in March: S&P Global

According to recent statistics, corporate bankruptcy applications in the United States increased last month, and…

Read more
April 14, 2023
After an investigation into unfavorable customer experiences, Airbnb shares drop.

On Thursday, shares of Airbnb Inc (ABNB.O) dropped as much as 6% after an online…

Read more
April 13, 2023
Savvy Games from Saudi Arabia’s PIF will pay $4.9 billion to buy the US gaming company Scopely

In the kingdom’s most recent gaming venture, the Savvy Games Group, owned by the Saudi…

Read more
April 13, 2023
London’s FTSE 100 increases before the Easter weekend

The UK’s blue-chip index increased in early trade on Thursday, helped by stocks related to…

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April 12, 2023
China and Malaysia to discuss the Asian Monetary Fund to lessen their reliance on the US currency.

China and Brazil recently agreed to stop using the U.S. dollar in commercial deals in…

Read more
April 12, 2023
French company Sodexo will separate its Benefits & Rewards Services division.

The Benefits & Rewards Services (BRS) division of French catering and food services company Sodexo…

Read more
April 11, 2023
 Fitch updates Saudi Arabia’s outlook to optimistic and maintains the country’s A rating.

The Long-Term Foreign-Currency Issuer Default Rating, or IDR, of Saudi Arabia has had Fitch Ratings…

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April 11, 2023
Dollar gains a surprise as OPEC+ reduction exacerbates the inflation dilemma.

The dollar rose against other major currencies on Monday as inflation fears resurfaced following a…

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April 10, 2023
ASEAN Finance Ministers and Central Banks Consider Dropping the US Dollar, Euro, and Yen; Indonesia Calls for Visa and Mastercard Exclusion

In Indonesia, it is Tuesday (March 28). On the agenda are talks about shifting financial…

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April 10, 2023
Branson’s Virgin Orbit declares insolvency in order to find a buyer.

Richard Branson’s Virgin Orbit Holdings (VORB.O) filed for Chapter 11 bankruptcy on Tuesday after failing…

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April 9, 2023
Oil prices could hit $100 per barrel as a consequence of OPEC’s unexpected production cuts, analysts warn

Oil prices rose as much as 8% at the open after OPEC+ declared a 1.16…

Read more
April 8, 2023
Lumi, a Saudi Arabian car rental company, employs banks for an IPO, according to sources

According to two sources speaking to Reuters, Saudi Fransi Capital (1050.SE) and EFG Hermes (HRHO.CA)…

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April 7, 2023
The UAE has revoked the license of Russia’s sanctioned MTS bank.

The central bank of the United Arab Emirates announced on Friday that it would revoke…

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April 6, 2023
The crypto market is under threat as the era of easy money comes to an end.

Investors appeared relieved as global markets showed indications of recovery following back-to-back bank failures. The…

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April 6, 2023
Following CFTC litigation, investors withdraw $1.6 billion from Binance

According to blockchain data tracker Nansen, investors have withdrawn $1.6 billion in cryptocurrency from Binance…

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April 5, 2023
European stocks reach a two-week peak as Wall Street becomes more upbeat.

On Thursday, European stocks reached a two-week high as a rally on Wall Street overnight…

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April 5, 2023
Alibaba stock jumps 15% in Hong Kong on reports of significant changes.

Alibaba’s Hong Kong-listed shares jumped 15% at the open on Wednesday after the company revealed…

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April 4, 2023
According to reports, Disney fires the metaverse section.

The metaverse division of Walt Disney Co. allegedly got the ax.   The Wall Street…

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April 4, 2023
Sergio Ermotti returns to UBS as CEO following Credit Suisse’s bailout

Sergio Ermotti, the previous CEO of UBS, will rejoin the company as of April 5….

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April 3, 2023
Alibaba is splitting into six divisions and considering an IPO; shares are up 7%.

In the biggest organizational change in the Chinese e-commerce giant’s history, Alibaba announced on Tuesday…

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April 3, 2023
Bitcoin is losing money in the cryptoverse

The financial meltdown’s unexpected winner has been a bullish bitcoin. However, investors looking to increase…

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April 2, 2023
Officials describe the system as “sound and resilient” after about $100 billion in deposits were taken out of banks.

Following the recent withdrawal of roughly $100 billion in deposits by consumers, regulators reaffirmed their…

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April 1, 2023
Presight AI from Abu Dhabi soars on its market launch.

Presight AI shares rose as much as 176% on their stock market debut after raising…

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March 31, 2023
European bank shares increase following the SVB transaction.

On Monday, European bank stocks rose for the first time in nearly a week, reversing…

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March 31, 2023
 European markets decline; banks continue to lose money; Deutsche Bank down 12%

As investors evaluated a week of rate rises by central banks and the most recent…

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March 30, 2023
TikTok under fire in Washington

The growing gap between the United States and China over technological leadership and national security…

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March 30, 2023
Information about Credit Suisse’s bond write-down is provided by a Swiss authority.

On Thursday, additional details were provided by Switzerland’s financial market regulator FINMA to further explain…

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March 29, 2023
Virgin Orbit locks an investment of $200 million froåm Matthew Brown, and a deal might be finalized as soon as Thursday.

Virgin Orbit is in the final stages of securing an investment of $200 million from…

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March 29, 2023
Early trade sees most Gulf markets rising; Fed conference is the main topic.

As concerns over a banking crisis subsided, the majority of stock markets in the Gulf…

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March 28, 2023
Geely shares rise after the manufacturer exceeds 2022 revenue projections.

The shares of Chinese carmaker Geely surged Wednesday after it exceeded sales projections for 2022….

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March 28, 2023
Shares of Indonesia’s GoTo are down more than 4% as the company’s 2022 loss balloons to $2.6 billion.

After the widening of GoTo Group’s annual net loss for 2022, the company’s shares dropped…

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March 27, 2023
UBS acquires Credit Suisse for $3.2 billion as authorities seek to strengthen the global banking system

On Sunday, UBS and Credit Suisse reached an agreement to merge for 3 billion Swiss…

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March 27, 2023
Near 9-month peak for bitcoin as bank troubles fuel a rally

On Monday, Bitcoin traded near nine-month highs and finished the week with its best week…

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March 26, 2023
European shares increase as financial turbulence subsides; week will end lower than expected

European stocks continued to rise on Friday as supporting policies in the US and Europe…

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March 25, 2023
Despite an unprecedented Wall Street bailout, First Republic shares decline.

Despite an unprecedented outpouring of support for the bank from nearly a dozen of the…

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March 24, 2023
Samsung will invest $228 billion in the biggest chip plant in the world as part of a South Korean technology strategy.

As part of an aggressive push by the country to take the lead in crucial…

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March 24, 2023
Ernie Bot is introduced by Chinese search behemoth Baidu, and shares drop 10%.

The highly anticipated Ernie Bot chatbot was revealed by Baidu (9888.HK) on Thursday. According to…

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March 23, 2023
Benchmark index for Asia-Pacific erases all of its gains for 2023 as global markets decline

Due to Tuesday’s sharp drops in bank equities, the top index for Asia-Pacific lost all…

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March 23, 2023
Masatoshi Ito, the Japanese millionaire who helped launch 7-Eleven, passed away at age 98.

One of Asia’s most illustrious retail entrepreneurs, Masatoshi Ito, the Japanese billionaire who built the…

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March 22, 2023
HSBC pays £1 to rescue UK arm of Silicon Valley Bank

HSBC on Monday announced a deal to buy the U.K. subsidiary of collapsed U.S. tech…

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March 22, 2023
As Humanforce sweetens its offer to outbid competitor TAG, Australia’s IntelliHR rises 14%.

After bidder Humanforce Holdings increased its takeover offer by 50% to A$56.1 million ($37.38 million)…

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March 21, 2023
Saudi Arabia has received $25 billion in investments for its digital infrastructure during the last six years.

Saudi Arabia’s communications and technology market is booming, with SR93 billion ($24.7 billion) already invested…

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March 21, 2023
Saudi Aramco announces a record profit of $161 billion in 2022.

Saudi Aramco, the world’s largest oil company, revealed on Sunday that it achieved a record-high…

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March 20, 2023
 Losses at Silicon Valley Bank shake financial companies

As investors started to remove their assets, shares of Silicon Valley Bank (SVB), a significant…

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March 20, 2023
S&P Global forecasts GCC corporates to be resilient in the face of slower growth in 2023.

In spite of the looming danger of inflation, higher interest rates, less accommodating debt capital…

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March 19, 2023
Following a last-minute call from the SEC, Credit Suisse delays its annual report.

Credit Suisse has delayed the release of its annual report due to a last-minute call…

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March 18, 2023
Adidas warns of its first annual loss in three decades and reduces dividend following Yeezy split

Adidas revealed a large fourth-quarter loss and reduced its dividend on Wednesday, following the costly…

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March 17, 2023
With the restart of its Occidental acquisitions, Berkshire Hathaway now owns 22.2%

After a five-month break, Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) has resumed buying Occidental Petroleum…

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March 17, 2023
Saudi Arabia deposits $5 billion in Turkiye’s central bank to aid the country’s faltering economy.

Saudi Arabia committed to deposit $5 billion into Turkiye’s central bank through the Saudi Fund…

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March 16, 2023
With allegations against Unique Fabricating in mind, the US submits a new labor complaint in Mexico.

The U.S. government on Monday filed its seventh labor complaint in Mexico under a trade…

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March 16, 2023
TPG makes a $1.22 billion offer for Australia’s InvoCare, sending its stock soaring.

The American private equity company TPG Global made a non-binding takeover offer to the Australian…

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March 15, 2023
Presight.ai, a big data analytics company, will raise $495 million in an IPO through Abu Dhabi royal-backed G42.

G42, an artificial intelligence company based in Abu Dhabi, intends to list its shares on…

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March 15, 2023
Saudi Arabia is flat while Qatar tops most Gulf bourses higher.

The Qatari bourse led the gains on Monday’s early trade in the majority of the…

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March 14, 2023
UAE’s ADNOC charges a high price for its gas company IPO.

Abu Dhabi National energy Co (ADNOC), a state-owned energy giant, announced the final price for…

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March 14, 2023
Rolls-Royce shares are up 23% after the company’s annual results exceeded expectations.

Rolls-Royce shares rose as the business outperformed expectations with a 57% year-on-year growth in underlying…

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March 13, 2023
LSE Group reports stable 2022 profits and plans to repurchase its Blackstone/TR stake.

On Thursday, London Stock Exchange Group (LSEG.L) disclosed full-year revenue for 2022 that was marginally…

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March 13, 2023
Binance’s stablecoin, investors withdraw almost $6 billion.

According to market tracker CoinGecko, Binance’s stablecoin, Binance USD, has witnessed about $6 billion in…

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March 11, 2023
Berkshire Hathaway’s fourth-quarter operational earnings drop 8%, while its cash reserve grows to about $130 billion.

Berkshire Hathaway’s operating earnings decreased in the fourth quarter as inflationary pressures weighed on the…

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March 10, 2023
Airtel Africa, owned by billionaire Mittal, will increase spending 14% in 2023.

As part of its efforts to expand its mobile-money operation across the continent, Airtel Africa…

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March 10, 2023
Shares of vaccine manufacturer Novavax fell 26% in Frankfurt.

After the COVID-19 vaccine manufacturer Novavax (NVAX.O) raised concerns about its capacity to continue operating…

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March 9, 2023
SEC Subpoenas Robinhood Regarding Brokerage’s Crypto Business

The Securities and Exchange Commission is looking into Robinhood Markets Inc.’s cryptocurrency operation, the latest…

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March 9, 2023
Insurance company AXA sells the majority of its Monte dei Paschi stock for 2.33 euros each.

The majority of AXA’s shares in the Italian bank Banca Monte dei Paschi di Siena…

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March 8, 2023
China’s public selling funds totalled $3.95 trillion as of January 2023: Industry association

The Asset Management Association of China estimates that the assets under management of China’s public…

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March 8, 2023
On weak oil prices and rate-hike bets, most Gulf markets start lower.

Due to concerns about further rate increases by the U.S., the majority of important Gulf…

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March 7, 2023
Bank of Japan governor nominee expects inflation to drop soon

The Governor of the Bank of Japan, who was nominated by the Japanese government this…

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March 7, 2023
Alibaba overcomes many obstacles to achieve record quarterly profits

Alibaba (BABA) posted quarterly earnings Thursday morning that exceeded expectations on both the top and…

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March 6, 2023
Higher Q4 profit due to strong net interest revenue is reported by Piraeus Bank.

The fourth-largest lender in Greece by market value, Piraeus Bank (BOPr.AT), reported on Friday strong…

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March 6, 2023
Pertamina Geothermal Energy of Indonesia declines 7% upon market launch

After raising 9.06 trillion rupiah ($595.47 million) in the nation’s largest listing in nearly a…

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March 5, 2023
Lucid plans to sell 100,000 electric cars to Saudi Arabia 

Lucid Electric Vehicles Company plans to double the number of cars produced during the current…

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March 4, 2023
Industrial investments in Saudi Arabia swelled by $8.54bn in 2022

In 2022, industrial investments in Saudi Arabia increased by SR32.03 billion ($8.54 billion) as the…

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March 4, 2023
Tesla and California reconcile: Tesla reveals Silicon Valley as the location of its engineering headquarters.

Tesla Inc. TSLA, +1.77% revealed a new engineering headquarters at a former Hewlett Packard structure…

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March 3, 2023
Bank of Korea maintains rates after a year of constant increases

In line with market forecasts, the central bank of South Korea held interest rates steady…

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March 3, 2023
FTC will continue to investigate Amazon’s One Medical deal

The Federal Trade Commission stated that it will not stop Amazon’s acquisition of One Life…

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March 2, 2023
Goldman Sachs forecasts a 24% increase in Chinese equities by the end of 2023.

According to Goldman Sachs strategists, an economic transition from “reopening to recovery” will drive Chinese…

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March 2, 2023
HSBC announces a fourth-quarter pre-tax profit of $5.2 billion, above expectations.

HSBC posted fourth-quarter results for 2022 on Tuesday that exceeded analyst projections. The bank’s profit…

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March 1, 2023
Despite exceeding expectations, Coles’ H1 profit in Australia faces impending cost limitations.

Coles Group Ltd (COL.AX), Australia’s No. 2 grocery chain, reported first-half profit that exceeded analysts’…

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March 1, 2023
Luberef, a subsidiary of Saudi Aramco, proposes a cash dividend as earnings rises 32% to $530 million in 2022.

Saudi Arabian Base Oil Co., better known as Luberef, reported a net profit after Zakat…

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February 28, 2023
After the U.S. sanctions authority inquires about business with Russia, Raiffeisen’s shares declines.

After the Austrian bank announced on Friday that it had gotten a request for information…

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February 28, 2023
Hundreds of Thousands of Starbucks Beverages have been recalled 

Pepsi has recalled more than 300,000 bottles of Starbucks bottled coffee drinks, due to the…

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February 27, 2023
 Twitter disables SMS Two-Factor Authentication for most users 

Twitter has announced that the two-factor SMS verification feature will be limited to accounts with…

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February 25, 2023
As concerns about rate hikes resurface, European shares start lower.

While Mercedes-Benz and Sika rose on positive earnings, European shares opened nearly 1% lower on…

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February 24, 2023
US banks pressured to sever ties with crypto companies 

Banks have recently sought to sever their relationship with cryptocurrencies, due to pressure from the…

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February 24, 2023
Standard Chartered boosts forecast, announces $1 billion share repurchase after profit leaps 28%

Standard Chartered upgraded a key performance metric and announced a fresh $1 billion share repurchase…

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February 23, 2023
As travellers return, airport operator ADP predicts earlier earnings recovery.

Airport operator ADP (ADP.PA), which operates airports in France, Central Asia, India, and other countries,…

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February 23, 2023
Huuuge, a mobile game maker, sees a spike in stock on repurchase intentions.

Following a study of strategic options, mobile game maker Huuuge Inc (HUGP.WA) plans to start…

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February 22, 2023
Warren Buffett’s firm acquires more Apple while cutting chipmaker and bank stocks.

The business of billionaire Warren Buffett has reported the portfolio modifications made in the last…

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February 21, 2023
Barclays’ profit declines due to rising costs and declining deal fees

Barclays (BARC.L) reported a 14% decline in yearly profits, which was impacted by rising expenses…

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February 21, 2023
Shares of Vodafone jump by 2.4% after Liberty Global purchases a 5% stake.

After John Malone’s Liberty Global (LBTYA.O) announced that it had acquired a nearly 5% interest…

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February 20, 2023
Gulf bourses follow falling oil prices, with attention on U.S. CPI data.

Early on Tuesday, the Gulf stock markets declined along with falling oil prices as investors…

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February 20, 2023
J.P. Morgan representative says, Saudi Arabia is an ‘excellent place to store capital.

A senior J.P. Morgan executive described the Kingdom’s IPO market development as “unbelievable,” adding that…

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February 19, 2023
Oil prices rise after Russia confirms a reduction in out

Oil prices rose on Friday as Russia planned a 5% cut in oil supply in…

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February 18, 2023
DBS profit in Singapore surges by two-thirds, and the CEO anticipates a slower pace of rate increases.

The chief executive of Southeast Asia’s largest bank by assets, DBS Group (DBSM.SI), which has…

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February 17, 2023
Buffett’s company reduces its investment in a Chinese automobile.

Berkshire once owned 224 million shares in the company, but began selling them in August….

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February 17, 2023
Yahoo to lay off more than 20% of its workforce.

Yahoo announced plans to lay off more than 20% of its overall personnel as part…

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February 16, 2023
Analysis: Concerned that volatility will return, investors are looking for uncorrelated assets.

The appeal of assets less dependent on upside in either asset class, such as managed…

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February 16, 2023
Shares of Credit Suisse appear likely to keep declining.

Following the bank’s Thursday disclosure of its most recent significant losses and a statement from…

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February 15, 2023
Yum Brands, a fast food giant exceeds expectations, driven by Taco Bell’s success

Yum Brands announced quarterly earnings and revenue that above analysts’ estimates on Wednesday, thanks to…

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February 15, 2023
Bayer reaches an 8-month high as investors cheer the new CEO

The German company Bayer (BAYGn.DE) announced the appointment of Bill Anderson as its new CEO…

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February 14, 2023
Due to Fed caution, most major Gulf markets start lower; Dubai rises

On Thursday, most significant Gulf markets fell in step with their worldwide counterparts as investor…

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February 14, 2023
Fitch Ratings predicts that China’s GDP would rise by 5% this year.

Fitch Ratings raised its projection for China’s GDP to grow by 5% in 2023, up…

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February 13, 2023
Newspaper: Italy’s state lender CDP plans a counter-offer from TIM with Macquarie.

According to a Wednesday report in the Il Messaggero newspaper, the Australian fund Macquarie and…

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February 13, 2023
Gulf bourses drop ahead of Fed meeting on expectations of higher rates

On Tuesday, the majority of the major Gulf equity markets were down, as investors remained…

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February 12, 2023
January saw significant inflows into emerging market funds due to China’s reopening.

After a dry spell the previous year, emerging market bond and equity funds saw significant…

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February 11, 2023
Resource boom propels Indonesia’s GDP growth to a nine-year high in 2022.

Indonesia’s economy last year grew at its fastest rate in nine years, spurred by increased…

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February 11, 2023
For a fourth month in a row, investor sentiment in the eurozone is up.

As the risk of a stalled economy comes into view, investor sentiment in the eurozone…

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February 10, 2023
As regulatory worries rise, Gautam Adani cancels a $2.5 billion share offering.

Gautam Adani announced the cancellation of his company’s $2.5 billion stock offering. After the stock…

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February 10, 2023
Markets rejoice as inflation risks diminish, lifting the dollar.

With policymakers at the European Central Bank and the Bank of England stating that inflationary…

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February 9, 2023
As investors look for new momentum, the China stock rally falters.

Chinese stocks were on track for their worst week in more than a month as…

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February 9, 2023
More than 1% increase in Nasdaq futures due to Meta spike and Fed relief

Thursday’s Nasdaq futures spiked as Meta Platforms soared after announcing strict cost restrictions, while bets…

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February 8, 2023
Shell reports its highest-ever yearly profit of $40 billion.

Shell, the British oil giant, reported its highest-ever yearly profit on Thursday, boosted by surging…

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February 8, 2023
Renault reduces its share in Nissan as the automakers restructure their decades-long partnership

Renault and Nissan agreed on Monday to reorganize their decades-long partnership, reducing Renault’s stake in…

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February 7, 2023
Indian markets drop as the budget hurts insurers, while Adani stock continues to decline.

Indian equities reversed earlier advances to settle lower on Wednesday. Insurance companies had the biggest…

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February 7, 2023
More suffering for Vodafone in Spain and Germany

First quarter under interim CEO Margherita Della Valle, Vodafone (VOD.L) reported a worse than anticipated…

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February 6, 2023
Massive health tech company to cut 6,000 more jobs

Philips, a Dutch health technology business, stated Monday that it will reduce another 6,000 employees…

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February 6, 2023
EuroGroup of Italy wants to raise $1 billion in its first public offering.

The electric motor and generator component manufacturer EuroGroup Laminations announced on Tuesday that it planned…

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February 4, 2023
UK stocks decline before C.Bank meetings, but Unilever rises after appointing a new CEO.

On Monday, UK equities declined as investors shied away from riskier wagers ahead of this…

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February 4, 2023
Bank of America, JPMorgan, and other banks are reportedly collaborating on a digital wallet to compete with Apple Pay.

In order to compete with Apple Pay and PayPal, several banks are apparently developing a…

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February 3, 2023
Bill Ackman calls the Hindenburg report on Adani “very credible.”

Bill Ackman, a multibillionaire investor from the United States, stated on Thursday that he thought…

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February 3, 2023
One final interest rate increase is anticipated from Colombia’s central bank.

Despite the decreasing GDP forecast for this year, the central bank board of Colombia is…

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February 2, 2023
Tesla posts record revenue and earnings that exceed expectations.

Tesla posted profits after the bell, exceeding expectations on both earnings and revenue. Shares surged…

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February 1, 2023
ADX expects more listings this year in Abu Dhabi.

Even as the world’s economies struggle with high inflation and rising interest rates, the Abu…

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February 1, 2023
Coinbase is penalized by the Dutch central bank with a 3.3 million euro punishment.

Due to the U.S. cryptocurrency exchange Coinbase (COIN.Ofailure )’s to get the proper registration in…

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January 31, 2023
German business spirits improved in January, according to Ifo

According to a survey released on Wednesday, business sentiment in Germany rose in January as…

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January 31, 2023
Asian markets hit 7-month highs, while the Australian currency gains due to strong inflation.

On Wednesday, Asian stocks reached their best levels in seven months as several regional markets…

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January 30, 2023
Following a 7% decline in profit projection, Nidec shares

On Wednesday morning in Tokyo, shares of Japan’s Nidec Corp (6594.T) fell as much as…

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January 30, 2023
Investors claim that Citadel, run by Ken Griffin, made $16 billion last year, the greatest yearly hedge fund profit ever.

Citadel topped the list of the top 20 hedge fund managers in a report released…

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January 29, 2023
Wall Street continues to rise, driven by a tech rebound

Investors started an earnings-heavy week with a fresh enthusiasm for market-leading momentum firms that were…

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January 28, 2023
While other Gulf markets begin marginally higher, Abu Dhabi continues to lose ground.

Despite a minor decline in oil prices, the majority of the major stock markets in…

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January 27, 2023
Sterling touches seven-month peak in early trade

On Monday during Asian trading hours, the pound rose to a seven-month high versus the…

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January 27, 2023
Net selling by foreigners of South African stocks

According to data from the Johannesburg Stock Exchange released on Monday, foreign investors sold a…

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January 26, 2023
Asia-Pacific markets rise -Japan’s inflation data highest since 1981 

Asia-Pacific markets rose on Friday as investors absorbed Japan’s inflation statistics. The national core consumer…

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January 26, 2023
Discouraging fourth-quarter earnings cause Ericsson shares to decline.

As sales of 5G equipment stagnated in high-margin regions like the United States, Ericsson (ERICb.ST)…

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January 25, 2023
Over 90% of the wealth of this Chinese billionaire has been lost.

The super-wealthy in China have not had a good few years, especially those who made…

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January 25, 2023
Food shipping Deliveroo breaks even thanks to stricter cost management

The British meal delivery service Deliveroo (ROO.L) stated that it was able to break even…

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January 24, 2023
Stocks making the biggest moves midday: Microsoft, Gap, GoDaddy, Chegg and more

Microsoft — Shares of the IT giant fell 1.9% after the company revealed intentions to…

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January 24, 2023
Two-thirds of the new wealth created in the last two years is amassed by 1% richest people in the World, Oxfam reports

According to a recent Oxfam research, the richest 1% of individuals have amassed over two-thirds…

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January 23, 2023
As the UK government backs off on internet harm, tech executives could face jail time.

After the government agreed to toughen a proposed law in order to prevent the possibility…

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January 23, 2023
Saudi bourse rises due to increased oil prices, while Qatar’s woes continue

On confidence about China’s recovery, the Saudi stock market climbed in early trade on Wednesday….

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January 22, 2023
IMF chief: Growth will bottom out in 2023 and then recover the following year.

Kristalina Georgieva, Managing Director of the International Monetary Fund, stated on Tuesday that the days…

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January 20, 2023
Value of the luxury conglomerate LVMH exceeds 400 billion euros.

On Tuesday, LVMH (LVMH.PA) stock reached a new record high, putting the market capitalization of…

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January 19, 2023
Microsoft reportedly planning a $10 billion investment in the creator of the popular artificial intelligence tool ChatGPT.

Microsoft wants to spend $10 billion in OpenAI, the business behind the popular artificial intelligence…

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January 19, 2023
Indian shares reverse gains as foreign outflows spur volatility

Due to volatility brought on by prolonged foreign investor selling and increased oil prices, Indian…

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January 18, 2023
British inflation numbers are coming; banks and insurers are driving the UK’s FTSE higher.

Banks and life insurance companies were among the biggest gainers on Monday on the export-focused…

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January 18, 2023
Gulf bourses sway; Egypt gains ground

On Sunday, stock markets in the Gulf region shook, with the Qatari index continuing its…

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January 17, 2023
Early trading saw a decline in the South African rand.

Early on Friday, the South African rand declined, giving up gains achieved after U.S. data…

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January 17, 2023
Apple CEO Tim Cook will receive a pay cut of more than 40% this year.

Tim Cook, the CEO of Apple, will receive a more than 40% compensation reduction this…

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January 16, 2023
Retailers decline as commodity-linked stocks drive up the FTSE 100.

While investors around the world awaited U.S. statistics to determine if inflation has slowed, the…

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January 16, 2023
World is ‘perilously close’ to recession – World Bank 2023

The World Bank has reduced its growth forecast for 2023 significantly, claiming that the world…

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January 13, 2023
Jack Ma to relinquish control of the fintech powerhouse Ant Group

After a regulatory crackdown, Ant Group’s billionaire founder, Jack Ma, will relinquish control of the…

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January 12, 2023
Asian equities reach a six-month high as the U.S. CPI statistics take center stage.

The dollar held steady on Wednesday as investors awaited U.S. inflation statistics for clues on…

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January 11, 2023
World’s largest iPhone factory has returned to 90% capacity.

The world’s largest iPhone manufacturing facility located in China is apparently back up and running…

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January 10, 2023
Despite falling in December, global food prices reached record highs in 2022.

 The U.N. food agency reported on Friday that global food prices decreased in December, marking…

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January 9, 2023
Microsoft’s stock price tumbles after UBS analysts warn of cloud vulnerability.

Microsoft shares fell about 5% on Wednesday, while the broader tech market recovered, after UBS…

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January 6, 2023
As the region’s 2023 season begins, markets in Asia-Pacific are uneven.

To start the first trading week of the year, markets in the Asia-Pacific region moved…

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January 6, 2023
Amazon Increases Layoffs to 18,000 Jobs in the Corporate Sector

According to an email sent to staff, the layoffs will mostly affect Amazon’s retail division…

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January 5, 2023
Gulf equities begin the new year with mixed sentiment due to oil and recession concerns.

Following gains in 2022 for the majority of investors, major Gulf stock markets were neutral…

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January 4, 2023
This year, a third of the world is in a recession, the IMF chief says

According to the International Monetary Fund’s (IMF) chief, this year will see a third of…

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January 3, 2023
After its worst-ever year, analysts say Tesla stock is the best investment for 2023.

After suffering its greatest one-day loss in 11 months on Tuesday, Tesla’s (NASDAQ:TSLA) stock surged…

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December 27, 2022
Massive Layoffs in Tech Companies – Numbers and Reasons

Most of the companies are downsizing their employees with 1405 rounds the 760 tech companies worldwide went through layoffs affecting 219,959 workers…

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December 27, 2022
The Pentagon receives cloud contracts from Google, Oracle, Amazon, and Microsoft worth up to $9 billion in total

Amazon, Google, Microsoft, and Oracle have been awarded a cloud computing contract, according to the Pentagon, which has a maximum value of $9 billion through 2028…

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December 27, 2022
According to the Russian central bank, inflationary expectations decreased in December

Russian households’ anticipated inflation for the upcoming year decreased slightly in December from 12.2% in November to 12.1%, according to…

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December 27, 2022
Visa Will Invest $1 Billion Over Five Years in Africa in Order to Benefit from The E-payments Growth

At the U.S.-Africa Leaders Summit on Wednesday, Visa Inc. (V.N) announced plans to invest $1 billion over the following five years in Africa to take advantage of…

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December 27, 2022
Musk sells another $3.6 billion worth of Tesla stock

Elon Musk, CEO of Tesla (TLSA.O), reported an additional $3.6 billion in stock sales on Wednesday, bringing his year-to-date total to close to $40 billion…

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December 27, 2022
The PIF of Saudi Arabia raises $17 billion through debt refinancing

Saudi Arabia’s national wealth fund announced on Wednesday that a group of 25 banks had granted it a $17 billion credit, partially…

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December 27, 2022
Investors are awaiting US inflation data as gold declines as the dollar rises

While investors absorbed a rise in consumer confidence and awaited US inflation data that would provide further insight into the Federal Reserve’s rate…

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