Biden Blocks Nippon Steel’s $14.9 Billion Bid for US Steel, Citing National Security Concerns In a move resonating across the industrial and political landscape, President Joe Biden has denied Nippon Steel’s $14.9 billion proposal to acquire US Steel, reinforcing his administration’s commitment to protecting domestic industries crucial to national security. The decision not only halts […]
From Tariffs to the acceleration in green initiatives, the global markets are preparing for a busy 2025. CEOs will have a lot of important calls to make this year, and while there will be key decisions that will have a huge impact, the seemingly smaller choices will also make a meaningful difference. With that in […]
Tesla’s Record Sales in China Defy Global Trends: A Closer Look at the EV Market in 2024 Tesla’s 2024 record sales in China are a testament to the company’s ability to adapt and thrive in a rapidly evolving automotive landscape. While the company’s global sales experienced a decline, China continued to be a major growth […]
Saudi Arabia Secures $2.5 Billion Facility to Address 2025 Deficit Saudi Arabia has made a significant financial move by securing a $2.5 billion sharia-compliant revolving credit facility to tackle its 2025 budget deficit. This innovative funding initiative, facilitated through collaboration with three leading regional and international financial institutions, underscores the kingdom’s focus on economic resilience […]
The UAE’s Cepa Initiative: Redefining Global Trade and Economic Growth The United Arab Emirates (UAE) has firmly positioned itself as a global leader in economic diplomacy through its ambitious Comprehensive Economic Partnership Agreements (Cepa) initiative. Over the past three years, this groundbreaking program has created trade agreements with nations and international organizations representing a staggering […]
Calo: From Regional Innovator to Global Food-Tech Powerhouse Calo, the Riyadh-based food technology startup, is rewriting the playbook for personalized meal services. From leveraging artificial intelligence (AI) to expand its capabilities to preparing for an ambitious IPO, Calo’s rapid rise exemplifies the convergence of innovation and strategic vision in the Middle East’s startup ecosystem. Founded […]
Oman Appoints Ahmed Al Musalmi as Central Bank Governor Amid Economic Transformation In a strategic move to bolster its economic reform agenda, Sultan Haitham bin Tariq al Said has appointed Ahmed Al Musalmi as the governor of the Central Bank of Oman (CBO). The announcement, made through a royal decree on January 1, 2025, also […]
Qatar’s Trade Surplus Declines Slightly, Reflecting Market Adjustments Qatar’s merchandise trade balance surplus for Q3 2024 stood at QR57.7 billion, reflecting a modest decline from QR60.9 billion in the previous quarter. Despite this dip, the data released by the National Planning Council (NPC) underscores Qatar's resilience in global trade and its strategic position as a […]
Müller Faces £65 Million Loss Amid Milk & More Sale, Eyes Future Growth Müller, the leading dairy giant, has reported a significant pre-tax loss of £65.3 million for its UK and Ireland division for the fiscal year 2023. This marks a sharp decline from the £6.2 million loss it reported in 2022, despite achieving a […]
Marcus Rashford’s Investment Firm Faces Legal Trouble: What’s Next? Marcus Rashford, the Manchester United football star, has recently found himself facing legal trouble with his investment firm, MUCS Investments Limited. The company, founded in January 2021, has been issued a compulsory strike-off notice from Companies House due to its failure to submit its financial accounts […]
In 2025, Saint Kitts and Nevis Citizenship by Investment (CBI) program continues to capture global attention. With its promise of increased mobility and attractive financial benefits, it's no wonder this option has intrigued investors worldwide. The main appeal lies in gaining access to visa-free travel to over 150 destinations, providing us with the freedom to […]
Bernie Madoff Victims Recover 94% of Their Losses: A Decade of Restitution Concludes In a significant milestone for financial fraud restitution, victims of Bernie Madoff’s massive Ponzi scheme have recovered 94% of their verified losses. The U.S. Department of Justice (DOJ) announced this week that the Madoff Victim Fund (MVF) has begun distributing its final […]
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