Swift starts blockchain-based ledger, to enable cross-border payments with tokenised deposits
The product, announced by the Swift in 2025, has been designed and...
GBO Correspondent
SpaceXAI launches Grok 4.5 as Elon Musk eyes agentic AI market
Grok 4.5 has been made available through SpaceXAI's AI coding agent, 'Grok...
Proximity to water: UAE residents’ new location choice for having homes
As part of its thought leadership initiative, Shamal Holding conducted a YouGov...
Egypt remains Africa’s largest FDI recipient, says UNCTAD report
Overall FDI inflows to Africa reached about USD 70 billion in 2025,...
Deutsche Bank to set up regional headquarter in Saudi as its eyes Middle East expansion
The new regional headquarters will oversee Deutsche Bank's regional management, strategic decision-making...
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...
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...