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Tesla’s quarterly deliveries set record as EV giant sees revival in China, Europe

GBO CorrespondentJuly 8, 2026July 7, 2026
July 8, 2026July 7, 2026405
The company delivered 480,126 vehicles in the April-June 2026 period, a record Q2 tally, surpassing analysts' average estimate of 402,776 vehicles...
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Microsoft joins tech layoff wave, axes 2.1% of its workforce

GBO CorrespondentJuly 7, 2026July 7, 2026
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Microsoft, earlier in 2026, offered voluntary buyouts to about 7% of its US workforce, or about 9,000 employees...
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World food prices ease for second month in June 2026, key UN body says

GBO CorrespondentJuly 7, 2026July 7, 2026
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The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 130.3 points for the month, down from 130.8 points in May...

Lasting regional peace key to GCC banks’ resilience, says Fitch

GBO CorrespondentJuly 7, 2026July 7, 2026

Consortium of Visa, Mastercard and Coinbase to launch new stablecoin

GBO CorrespondentJuly 6, 2026July 5, 2026

Mark Zuckerberg’s Meta to sell excess AI capacity through its cloud business

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Julius Baer names Standard Chartered veteran Peter ‌Burrill as its new CFO

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GBO Apr-Jun 2026 issue

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ICP: Advancing Saudi Arabia’s industrial edge

Since its launch, the ICP has begun delivering tangible results across the industrial sector…

Banking and Finance

Deutsche Bank to set up regional headquarter in Saudi as its eyes Middle East expansion

GBO CorrespondentJuly 9, 2026July 9, 2026
July 9, 2026July 9, 2026

HSBC to pull ‌back from riskier private credit lending as industry faces...

GBO CorrespondentJuly 8, 2026July 7, 2026
July 8, 2026July 7, 2026

Lasting regional peace key to GCC banks’ resilience, says Fitch

GBO CorrespondentJuly 7, 2026July 7, 2026
July 7, 2026July 7, 2026

Consortium of Visa, Mastercard and Coinbase to launch new stablecoin

GBO CorrespondentJuly 6, 2026July 5, 2026
July 6, 2026July 5, 2026

Industry

Proximity to water: UAE residents’ new location choice for having homes

GBO CorrespondentJuly 9, 2026July 9, 2026
July 9, 2026July 9, 2026

Lessons from Iran war? Saudi mulls expanding oil pipeline to Red Sea

GBO CorrespondentJuly 8, 2026July 7, 2026
July 8, 2026July 7, 2026

Tesla’s quarterly deliveries set record as EV giant sees revival in China,...

GBO CorrespondentJuly 8, 2026July 7, 2026
July 8, 2026July 7, 2026

Microsoft joins tech layoff wave, axes 2.1% of its workforce

GBO CorrespondentJuly 7, 2026July 7, 2026
July 7, 2026July 7, 2026

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ICP: Advancing Saudi Arabia’s industrial edgeSince its launch, the ICP has begun delivering tangible results across the industrial sector…

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