Gulf-based central banks cut interest rates following US Fed lead
The Gulf states typically follow the Fed's lead when it comes to rate changes because the majority of regional currencies are based on the US
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Saudi Vision 2030: China’s dollar bond issuance in Kingdom, a game-changer
The selection of Saudi Arabia as the location for China's first dollar-denominated bond issuance in years is no coincidence
Google extends African commitment with USD 5.08 million new AI skills investment
An estimated 300,000 young adults in South Africa gained new digital skills through Google Search in 2023 alone, which is estimated to have increased productivity
Go Green with GBO: Ambitious ‘The Great Green Wall’ project to restore lands across Sahel
The Sahel faces droughts and flash floods, which can undo years of progress
Saudi Arabia climbs 15 places to 12th in global tourist spending: UN Tourism
Saudi Arabia received roughly 17.5 million foreign visitors in the first seven months of 2024
IMF to begin delayed review of Egypt loan programme as country’s non-oil economy declines
Egypt has successfully implemented a flexible exchange rate system
Artificial general intelligence could slash jobs by 15-20%: Valor Capital’s Dan Schulman
According to Dan Schulman, early tests at PayPal had demonstrated that employing artificial intelligence copilots to program software increased productivity by 35%
MENA Watch: Impact of Israel’s offensive on the region’s economy
The humanitarian ramifications of Israel's offensive are profound, with direct consequences for the region's long-term economic stability
Saudi Vision 2030 to catalyse banking sector growth: Moody’s
Moody's, in its most recent report, noted that the growth of Saudi Arabia's planned megaprojects will be crucial in creating enormous business and lending opportunities
Saudi’s AI prospects brighten further PIF, Google Cloud & Aramco VC unit announce investments
Saudi Arabia has made dedicated efforts to attract start-ups across sectors