Browsing: Business

Standard Chartered Plc is setting up a trading desk for Bitcoin and Ether, people familiar with the matter said, making it one of the first global banks to enter spot cryptocurrency trading.

Doha: In the 2024 World Competitiveness Booklet published by the International Institute for Management Development (IMD) in Switzerland, Qatar has once again achieved impressive rankings on various global indices.

Switzerland is an important trading partner, with over 100 Swiss companies currently operating in Saudi Arabia: Saudi Minister of Finance

RIYADH: Saudi Arabia’s state-backed initiatives, including NEOM and Vision 2030, are driving growth in the construction sector, attracting substantial domestic…

RIYADH: Business giant Al Habtoor Group has filed an arbitration case against Marriott International, the Dubai-based conglomerate confirmed to Arab News.

RIYADH: Saudi Arabia led the Middle East in mergers and acquisitions in the chemicals sector in the first quarter of 2024, with $500 million worth of deals, according to recent data.

The US Treasury Department has announced it is suspending certain provisions of the 1992 tax convention with Russia. The step follows Moscow’s scrapping of double-taxation treaties last year with those who have imposed sanctions against the country.

The Ukrainian government announced on Monday it had failed to reach an agreement with a group of foreign bondholders that includes financial giants BlackRock and Pimco on restructuring Ukraine’s $20 billion in Eurobonds, according to a report by Reuters.

WASHINGTON – Six months ago the world’s major central banks were primed for a move that anyone with a credit card or hoping to buy a home or run a business would cheer: A global shift to lower interest rates that would make borrowing cheaper and loans more available across the board.

RIYADH: Saudi Arabia’s crude production increased by 13,000 barrels per day in April to reach 8.99 million, according to an analysis…