SWIFT and Top Global Banks Working on blockchain-based Overhaul
Global financial messaging network SWIFT and more than 30 global banks announced on Monday they were now working “at pace” on making cross-border payments instantaneous…
Tag: FINANCE
Saudi Arabia Advances Vision 2030 with Manufacturing, Localisation, Economic Growth
As Saudi Arabia celebrated its 95th National Day on Tuesday, the Kingdom is showcasing rapid economic reforms designed to cement its role as a global…
Gold Hits Record High as Traders Bet US Rate Cuts, Powell’s Signal
Gold prices steadied on Tuesday after reaching a record high, underpinned by expectations of more US rate cuts and a weaker dollar, as investors awaited…
AI Set to Transform Global Trade, Says World Trade Organisation
Artificial intelligence could boost the value of trade in goods and services by nearly 40% by 2040, but without adequate policies it could also exacerbate…
Al-Jadaan Saudi Arabia’s Financial Market Fastest-Growing Worldwide
Saudi Arabia’s financial market has surged past $2.4 trillion, making it the fastest-growing globally, as the Kingdom doubles down on fintech, digital payments and artificial…
Saudi Aramco launches dollar sukuk with $200k min as debt push widens
Saudi Aramco has launched a new international sukuk offering, with a minimum subscription of $200,000, as the state oil giant seeks to re-tap global debt…
Firms will hesitate to invest in US after raid – S Korea president
South Korean companies will be “very hesitant” about investing in the US following a massive immigration raid at a Hyundai plant in the state of…
Klarna valued at $19bn in debut on Wall Street
Shares in buy-now, pay-later lender Klarna jumped on their first day of public trading in the US, giving the firm a market value of more…
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…