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Economy Top Stories

MENA Watch: Challenges galore for Kuwait’s new Finance Minister Fahad Al-Jarallah

GBO CorrespondentSeptember 13, 2023September 12, 2023

GBO CorrespondentSeptember 13, 2023September 12, 202302064

Kuwait's economic recovery is ongoing but risks to the oil producer's outlook 'remain substantial' and gridlock between the government and parliament continues to delay reforms

Technology Top Stories

China bypasses American chip restrictions with new Huawei smartphone

GBO CorrespondentSeptember 13, 2023September 12, 2023

GBO CorrespondentSeptember 13, 2023September 12, 202301270

Huawei’s Mate 60 Pro is powered by a new Kirin 9000s chip that was made in China by the partly state-owned Semiconductor Manufacturing International Corp

Real Estate Top Stories

Saudi Arabia’s infrastructure projects top USD 1.25 trillion tally, affordability concerns remain

GBO CorrespondentSeptember 12, 2023September 11, 2023

GBO CorrespondentSeptember 12, 2023September 11, 202301622

A shortage in Grade A office space has been a concern in Saudi Arabia’s financial hubs, as the ongoing development projects are aiming to address

Economy Top Stories

South Africa’s power cuts worsen, threatening country’s GDP potential

GBO CorrespondentSeptember 12, 2023September 11, 2023

GBO CorrespondentSeptember 12, 2023September 11, 202301041

Although South Africa's economy expanded by 0.6% in the second quarter of 2023, compared to 0.4% in the first quarter, analysts attributed the easing of

Aviation Top Stories

Saudi Vision 2030: Kingdom seeks aviation growth to enter key tourism market

GBO CorrespondentSeptember 11, 2023

GBO CorrespondentSeptember 11, 202301022

The Saudis are ambitious, expecting to open the airport in seven years with all the associated costs

Energy Top Stories

Saudi Arabia leads G20 nations in energy subsidy expenditure: IMF

GBO CorrespondentSeptember 11, 2023

GBO CorrespondentSeptember 11, 202302278

The International Monetary Fund reported that in 2022, fossil fuel subsidies hit a record high of $7 trillion globally

Energy Top Stories

Go Green with GBO: Challenges mount for electric vehicle start-ups as Tesla dominance continues

GBO CorrespondentSeptember 8, 2023September 7, 2023

GBO CorrespondentSeptember 8, 2023September 7, 202301187

The best-funded and run EV startup will struggle to eat Tesla's lunch right now

Technology Top Stories

X will soon offer video & audio calls: Elon Musk

GBO CorrespondentSeptember 8, 2023September 7, 2023

GBO CorrespondentSeptember 8, 2023September 7, 202301263

Elon Musk highlighted that X is the effective global address book, which is unique

Banking and Finance Top Stories

UBS registers record profit beat, announces job cuts amid stock market highs

GBO CorrespondentSeptember 7, 2023September 7, 2023

GBO CorrespondentSeptember 7, 2023September 7, 202301345

UBS said that the result primarily reflected USD 28.93 billion in negative goodwill on the Credit Suisse acquisition

Economy Top Stories

Are Brits the victim of ‘Greedflation’? Bank of England study finds little evidence

GBO CorrespondentSeptember 7, 2023

GBO CorrespondentSeptember 7, 202301263

The study is seen as the Bank of England’s first in-depth assessment of the greedflation debate