Cuts to US Oil Jobs and Spending Threaten Output Growth
The US oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in…
Category: FINANCE
Al-Rumayyan: Saudi PIF Targets $1 Trillion Assets by Year-End
Yasir Al-Rumayyan, Governor of Saudi Arabia’s Public Investment Fund (PIF), has said the sovereign wealth fund is preparing to unveil a new long-term strategy within…
Coinbase Drops Out of the Top 10 Exchanges Holding XRP
The XRP reserve of prominent US-based cryptocurrency exchange Coinbase has continued to dwindle, with the unexplained dump sparking controversy. “XRP Liquidity” called the community’s attention to yet…
Doha to host 7th GCC Businesswomen Forum in November
Doha, Qatar, The Federation of Gulf Cooperation Council Chambers (FGCCC), in cooperation with the Qatar Chamber and with the support of the General Secretariat of…
Saudi Arabia’s GDP expands 3.9% in Q2 non-oil activities GASTAT
Saudi Arabia’s economy expanded 3.9 percent in the second quarter of the year, fueled by robust non-oil activity that extended its growth streak to 18…
China’s Export Slows in August as US Tariffs and Trade Bite
China’s exports grew last month but at a slower pace than in recent months, the country’s customs agency said Monday. Exports reached $321.8 billion in…
Japan PM Hopefuls Prepare Leadership Bids, Markets Recoil
Ruling party lawmakers in Japan prepared their bids to replace outgoing premier Shigeru Ishiba on Monday, as financial markets recoiled on the political uncertainty and…
Cyprus Talks to UAE over European Subsea Cable Project
Cyprus has approached the United Arab Emirates for possible cooperation on an EU-financed subsea power cable linking Europe to the eastern Mediterranean region, it said…
Gold Poised for Best Week in Three Months; US Jobs Data on Tap
Gold rose on Friday and headed for its best week in three months, supported by growing expectations of a Federal Reserve rate cut this month,…
