Business

Saudi Arabia’s Savvy Games Group will invest $37.8 billion in initiatives aimed at making Saudi Arabia a global hub for gaming.  Savvy Games Group is owned by the Saudi sovereign wealth fund The Public Investment […]

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Dubai Multi Commodities Centre (DMCC) has successfully concluded the Made For Trade Live events in New York and Miami as it seeks to attract more companies from the U.S. to the UAE. DMCC sees significant […]

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The richest man in the world Elon Musk is scheduled to spend the next few days with lawyers for Twitter to show he abandoned the deal due to falling financial markets.  The deposition questions come […]

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As Texas officials moved to restrict abortion, and promote Christianity in schools and the state’s power grid teetered on collapse, oil workers are moving away from the state over its increasingly strident politics and polarization. […]

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JP Morgan Chase chief executive Jamie Dimon did not hold back in his criticism of cryptocurrencies. When a U.S. politician mentioned Dimon’s history of criticizing crypto during a congressional hearing, Dimon agreed that he is a […]

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Saudi Arabia’s holdings of U.S. Treasury bonds rose by $2.4 billion in July compared to June 2022. The rise indicates that the Kingdom’s holdings of bonds increased to $121.6 billion in July as compared to $119.2 […]

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The American Chamber of Commerce in Saudi Arabia launched a new committee this week to help companies meet their green goals.  The American Chamber of Commerce, or AmCham Saudi Arabia, launched the committee in order […]

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PepsiCo Inc announced it has now stopped making Pepsi, 7UP, and Mountain Dew in Russia. The announcement comes nearly six months after the U.S. company said it would suspend sales and production in Russia after Moscow […]

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Massive aerospace company Boeing said Saudi Arabia has the potential to become a major player in the Middle East’s aviation industry.  The Managing Director of commercial marketing for the middle east, Africa, Russia, and Central […]

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Saudi state oil giant Aramco Saudi Aramco has signed an agreement valued at $250 million with United States-based company Beyond Limits.  Together with the California-based artificial intelligence technology company Beyond Limits, Saudi Aramco will build […]

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Elon Musk is bidding to end his massive deal to purchase Twitter. His lawyers have said now that the trial over whether he can get out of the $44 billion deal should be delayed by several […]

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The private sector in Saudi Arabia gathered pace in August. The non-oil private sector expanded during the month at its fastest growth rate since October 2021.  Business activity has been boosted by improving demand conditions, according […]

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Moody’s Investors Service lowered its economic growth forecast for the world’s 20 argent economies. It comes as the ongoing Russian war in Ukraine continues to influence the larger global macroeconomic picture amid mounting inflation, as well […]

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In its efforts to boost production and working capital, the luxury electric vehicle maker Lucid Group plans to raise $8 billion through new offerings at a time when supply chain disruptions and shortages of parts […]

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Elon Musk is still trying his hardest to get out of his deal to purchase Twitter. He has now sent an additional letter of deal termination after he subpoenaed a whistleblower seeking documents on how the […]

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Bitcoin made another fall on Monday, extending its drop below $20,000, amid concern over the Federal Reserve’s rate-hike path.  The largest crypto token fell as much as 2.3 percent today to $19,527. This means the […]

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According to a report released by the Small and Medium Enterprises Authority – also known as Monsha’at – the total female workforce participation in Saudi Arabia rose to 33.6% in the first quarter of 2022. […]

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Moderna is suing Pfizer and its German partner BioNTech for patent infringement in the development of the first Covid vaccination approved in the United States, Reuters reported. Moderna claims Pfizer copied technology that they developed […]

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