Lessons from Iran war? Saudi mulls expanding oil pipeline to Red Sea
The East-West pipeline, which was built in the early 1980s, has become...
GBO Correspondent
HSBC to pull back from riskier private credit lending as industry faces fresh crisis
HSBC, in May 2026, took a USD 400 million hit linked to...
Tesla’s quarterly deliveries set record as EV giant sees revival in China, Europe
The company delivered 480,126 vehicles in the April-June 2026 period, a record...
Microsoft joins tech layoff wave, axes 2.1% of its workforce
Microsoft, earlier in 2026, offered voluntary buyouts to about 7% of its...
World food prices ease for second month in June 2026, key UN body says
The FAO Food Price Index, which tracks monthly changes in a basket...
Lasting regional peace key to GCC banks’ resilience, says Fitch
The June 17 Memorandum of Understanding (MoU), signed between Washington and Tehran,...
Consortium of Visa, Mastercard and Coinbase to launch new stablecoin
Open Standard brings together more than 140 businesses for the stablecoin network....
Mark Zuckerberg’s Meta to sell excess AI capacity through its cloud business
At Meta's shareholder meeting in May, Zuckerberg had said entering cloud computing...
Julius Baer names Standard Chartered veteran Peter Burrill as its new CFO
Burrill joins from Standard Chartered, where he spent nine years in a...
Chestertons Global adds Bahrain’s ‘Best Location’ in its global network
The partnership comes at a time when Bahrain’s property sector has recorded...