Qatar banking sector assets hold steady as lending rises, says data
Lending to government institutions, which represent around 51% of public-sector loans, increased 1.6% month-on-month
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Iran war derails South African economy as GDP shrinks in second quarter
The GDP contracted 0.2%, mainly driven by output falls in the mining (-3.0%), manufacturing (-1.8%), and trade (-1.9%) sectors
Boost for Kingdom’s aviation sector as Flynas to buy Swissport Saudi’s 10% stake
Swissport Saudi Arabia will become Flynas' exclusive ground handling partner for five years across the low-cost carrier's entire network in the Kingdom
USD 54 billion into banks, insurers: China to execute massive capital-boosting push
China Life Insurance Group, the Asian giant's largest life insurer, will receive 35 billion yuan (USD 5.2 billion) from the country's Finance Ministry
OPEC+ keeps oil output policy unchanged as Iran war disrupts production activities
The meeting of seven core OPEC+ members comes as the Iran war continues to disrupt energy exports through the Strait of Hormuz
With dual-tranche dollar sukuk, Saudi returns to international Islamic debt markets
The five- and 10-year Islamic bonds give the Kingdom access to international investors as it diversifies its funding sources and finances budgetary needs
Biggest job cut since COVID: Uber to lay off 10% of its staff
Uber's stock has underperformed the S&P 500 and rival Lyft so far in 2026, with a near 8% decline driven by worries about growing competition
Barclays launches Singapore booking centre to serve globally connected clients
Barclays, which already has a strong presence in Singapore, plans to consolidate its position by further investing in the franchise
AI boom puts data centres at heart of USD 31.6 trillion investment supercycle
PwC says annual data centre capex could rise to USD 1.8 trillion by 2050, with power, chips and digital sovereignty reshaping where the money flows
Nvidia bets USD 13 billion on Hugging Face in push beyond AI chips
The acquisition gives Nvidia control of a major open-AI developer ecosystem as competition shifts from chips to software, models and AI deployment