BlackRock is opening a Saudi investment firm with initial $5 billion from PIF
Asset manager BlackRock will launch an investment platform in Riyadh with the help of a $5 billion anchor investment from…
Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back
Saudi Arabia’s economy minister rejected recent reports that the kingdom’s $1.5 trillion NEOM megaproject, a futuristic desert development on the…
Israel and Iran: All-out war, or measured retaliation?
Iran and Israel, regional archfoes, are trading attacks and threats — the latest of which saw Israel launch a “limited…
Turkey’s inflation climbs to 68.5% despite continued rate hikes
Turkey’s annual inflation rose to 68.5% for the month of March, an increase on February’s 67.1% inflation read, according to…
Pakistan court grants Imran Khan appeal of graft conviction, sentence suspended
A Pakistani court on Monday granted former Prime Minister Imran Khan an appeal of his conviction for graft and suspended…
Turkey’s opposition stuns in sweeping local elections victory over Erdogan’s party
Turkey’s opposition won a stunning victory across several major cities in the country’s local elections Sunday, dealing a severe blow…
Turkey’s local elections — and whoever wins Istanbul — could dictate the future of the country
Turkish President Recep Tayyip Erdogan once said that whoever wins Istanbul wins Turkey. If that’s the case, the stakes are…
Turkey opts for new tightening strategy after signaling a pause to hikes
Turkey’s central bank is opting for a different monetary tightening method as it grapples with climbing inflation, after previously signaling…
Saudi oil giant Aramco posts 25% fall in full-year profit
Saudi Arabia’s state oil giant Aramco reported a 25% decline in profit to $121.3 billion in 2023, down from $161.1…
Egypt hikes interest rates by 600 basis points, pound crumbles to record low
Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600…
