FinanceTop StoriesGovernment-backed fund injects USD 270 million boost into Saudi SMEsGBO CorrespondentDecember 6, 2023December 6, 2023 GBO CorrespondentDecember 6, 2023December 6, 202301531 The main objective of the Saudi-based platform Forsa, is to empower and encourage businesses by improving bid governance and transparency
TechnologyTop StoriesIBM unveils next-gen quantum chip: All you need to knowGBO CorrespondentDecember 5, 2023 GBO CorrespondentDecember 5, 202301590 IBM is not the only quantum player targeting machines within the next few years
EconomyTop StoriesCarrying on from the FIFA World Cup boom, Qatar records budget surplusGBO CorrespondentDecember 5, 2023 GBO CorrespondentDecember 5, 202301821 Qatar's economy grew 1% in the 2023 second quarter, according to the latest government estimates
FinanceTop StoriesSaudi Vision 2030: Kingdom invests in aquaculture & fisheries to meet domestic demandsGBO CorrespondentDecember 4, 2023 GBO CorrespondentDecember 4, 202304891 A recent cooperation with SALIC, which runs Saudi Arabia's Public Investment Fund, has accelerated this growth ambition
FinanceTop StoriesSaudi-based Kingdom Holding buys USD 450 million Citigroup sharesGBO CorrespondentDecember 4, 2023 GBO CorrespondentDecember 4, 202302856 In 2022, the Public Investment Fund, a state wealth fund in Saudi Arabia, acquired a USD 1.05 billion stake in Kingdom Holding
EnergyTop StoriesGo Green with GBO: Threat lingers upon MENA’s solar energy revolutionGBO CorrespondentDecember 1, 2023 GBO CorrespondentDecember 1, 202301451 Research shows that the Middle East's hot, arid areas, which have a lot of potential for solar energy production, are also the most susceptible to
Banking and FinanceTop StoriesFrom ‘Challenger’ to ‘Facing Challenges’: UK’s Metro Bank enters turbulenceGBO CorrespondentDecember 1, 2023 GBO CorrespondentDecember 1, 202302072 Metro Bank expects to take a lower-than-expected one-off restructuring charge of between 10 million pounds and 15 million pounds in 2023
EconomyTop StoriesInflation impact: Turkey’s central bank raises interest rate to 40%GBO CorrespondentNovember 30, 2023November 30, 2023 GBO CorrespondentNovember 30, 2023November 30, 202301516 Turkey's annual inflation dropped marginally to 61.36% in October from the nine-month high of 61.53% recorded in September
FinanceTop StoriesBank of Israel cuts growth forecast as Tel Aviv braces for economic hardshipsGBO CorrespondentNovember 30, 2023November 30, 2023 GBO CorrespondentNovember 30, 2023November 30, 202301497 Israel’s Finance Minister Bezalel Smotrich has now informed the media about the Benjamin Netanyahu government readying an economic aid package for those affected by Palestinian
EconomyTop StoriesMENA Watch: IMF issues roadmap for region’s inclusive growthGBO CorrespondentNovember 29, 2023November 28, 2023 GBO CorrespondentNovember 29, 2023November 28, 202301454 The IMF predicts a slowdown in MENA growth in 2023 due to various global headwinds