Author: Steven Sahiounie

Profits from lending activities at Gulf Cooperation Council banks reached a record $21.5 billion in the second quarter of 2024

Saudi Arabia’s private sector is considered to play an important role in the development of the northern province of Hail

Saudi Arabia and Portugal are set to enhance their economic relationship with the creation of a business council for the 2024-2028 term

Saudi Arabia’s inflation is projected to drop to 1.7 percent in 2024, revised down from 2 percent, driven by robust non-oil sector growth and lower prices in key sectors

French judicial authorities on Sunday extended the detention of the Russian-born founder and chief of Telegram Pavel Durov after his arrest at a Paris airport over alleged offenses related to the popular but controversial messaging app. His arrest at the Le Bourget airport outside Paris late Saturday is the latest extraordinary twist in the career of one of the world’s most influential tech icons. The detention of Durov, 39, was extended beyond Sunday night by the investigating magistrate who is handling the case, according to a source close to the investigation. This initial period of detention for questioning can last up to…

Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space.

Canada, following the lead of the United States, said on Monday it would impose a 100 percent tariff on the import of Chinese electric vehicles and also announced a 25 percent tariff on imported steel and aluminium from China.

Tesla chief Elon Musk, who also owns social media platform X, said on Monday he feels California should pass an AI bill that would require tech companies and AI developers to conduct safety testing on some of their own models.

Pakistan aims to raise up to $4 billion from Middle Eastern commercial banks by the next fiscal year, the country’s central bank chief told Reuters on Tuesday, as the country looks to plug external financing gaps.

President Masoud Pezeshkian said in a video published on Tuesday that fuel subsidies made no sense in Iran, a major oil producer with a struggling economy that has faced protests in the past over price hikes.