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 and corporate functions across the Middle East
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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 a crucial energy supply lifeline since February 2026
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 the collapse of British mortgage lender Market Financial Solutions
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 Q2 tally, surpassing analysts' average estimate of 402,776 vehicles
Microsoft joins tech layoff wave, axes 2.1% of its workforce
Microsoft, earlier in 2026, offered voluntary buyouts to about 7% of its US workforce, or about 9,000 employees
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 of internationally traded food commodities, averaged 130.3 points for the month, down from
Lasting regional peace key to GCC banks’ resilience, says Fitch
The June 17 Memorandum of Understanding (MoU), signed between Washington and Tehran, has extended the ceasefire agreed on April 8
Consortium of Visa, Mastercard and Coinbase to launch new stablecoin
Open Standard brings together more than 140 businesses for the stablecoin network. The entity will issue a new US-dollar-pegged stablecoin by 2026-end
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 was 'definitely on the table' for the social media conglomerate
Julius Baer names Standard Chartered veteran Peter Burrill as its new CFO
Burrill joins from Standard Chartered, where he spent nine years in a series of senior finance roles, most recently serving as interim group CFO and