Global Business Outlook

Saudi Vision 2030: Sneak peek into King Salman Airport, Riyadh’s ambitious mega-project

GBO CorrespondentAugust 18, 2025

GBO CorrespondentAugust 18, 202502219

The King Salman International Airport will have an approximate footprint of 57 square kilometres, featuring six parallel runways, classifying it as a massive ‘aerotropolis’ in

Technology Top Stories

Tesla to streamline its AI chip design work, CEO Elon Musk announces

GBO CorrespondentAugust 14, 2025

GBO CorrespondentAugust 14, 202501627

About 20 employees of the Dojo team recently left for the recently established DensityAI, and the remaining employees are being moved to other data centre

Technology Top Stories

MENA Watch: Wuilt expands free website builder to the Gulf

GBO CorrespondentAugust 13, 2025August 13, 2025

GBO CorrespondentAugust 13, 2025August 13, 202501353

By lowering the entry cost to zero, Wuilt tapped into a huge latent demand among entrepreneurs who previously might have hesitated to go online

Technology Top Stories

Hackers are stealing Microsoft 365 accounts by abusing link-wrapping services: Report

GBO CorrespondentAugust 12, 2025

GBO CorrespondentAugust 12, 20250720

After a series of redirects, victims who are unaware of the attack are prompted for their Microsoft 365 login information

Technology Top Stories

Saudi Vision 2030: Kingdom bets big on AI future

GBO CorrespondentAugust 11, 2025

GBO CorrespondentAugust 11, 202502450

Saudi Arabia is not just importing artificial intelligence, it’s building its own

Technology Top Stories

German firm Einhaus Group collapses following ransomware attack

GBO CorrespondentAugust 8, 2025

GBO CorrespondentAugust 8, 202501102

In a short period, multiple pre-ransomware intrusions were identified, all involving VPN access through SonicWall SSL VPNs

Banking and Finance Top Stories

UAE bank assets climb to USD 1.29 trillion in April as credit & deposits rise

GBO CorrespondentAugust 7, 2025

GBO CorrespondentAugust 7, 202501475

The growth in domestic credit was attributed to a 0.7 per cent increase in credit to the UAE government sector, a 1.2% increase to the

Economy Top Stories

MENA Watch: Gulf states set for growth with oil & investment boosts

GBO CorrespondentAugust 6, 2025

GBO CorrespondentAugust 6, 202501374

Unlike the IMF’s conservative oil assumption, analysts like those at ICAEW foresee a more substantial increase in oil production in 2025

Banking and Finance Top Stories

Pakistan’s central bank has room to slash interest rate further, say analysts

GBO CorrespondentAugust 5, 2025

GBO CorrespondentAugust 5, 202504279

The State Bank of Pakistan maintained the policy rate at 11% at its most recent meeting, citing regional tensions in the Middle East and uncertainty

Technology Top Stories

Saudi Vision 2030: Kingdom bets on deep tech to shape future of energy

GBO CorrespondentAugust 4, 2025

GBO CorrespondentAugust 4, 202501359

A strong commitment to innovation is demonstrated by Saudi Arabia's planned increase in research and development spending, which is expected to reach around 2% of