Banking and Finance

Saudi Arabia opens Nomu Parallel Market to new investors: What to know

Easing investing rules and deepening capital markets to diversify the Saudi economy are key to fulfilling Vision 2030.

Saudi Arabia

UAE showcases global AI ambitions with $1B Africa pledge at G20

The Gulf country is the world's top investor in Africa, with Emirati companies committing $100 billion to projects on the continent between 2019 and 2023, according to data from the Financial Times.

United Arab Emirates

Live Updates

Trump gives MBS red-carpet welcome, touts F-35 deal, $1T Saudi investment

Trump is hosting Crown Prince Mohammed bin Salman at the White House in a high-profile visit aimed at resetting US-Saudi ties and securing major defense, nuclear and investment deals.

Saudi Arabia

Dubai, Abu Dhabi make world’s top 5 destinations for wealthy: What to know

In Savills’ Spotlight on Wealth Trends 2025 report, Dubai topped the charts while Abu Dhabi ranked fifth.

United Arab Emirates

Gorka praises Lebanon's President Aoun, discusses money laundering

Gorka, who led the US Treasury Department delegation that met Aoun, referred to the president as a “friend” and "Christian leader" in a post on X and said he could help expand the Abraham Accords.

Lebanon

Billion-dollar AI, clean energy deals headline Saudi 'Davos in the Desert'

Humain, an AI firm backed by the Saudi sovereign wealth fund, the PIF, signed a $3 billion deal with AirTrunk, a company backed by US asset manager Blackstone, to build a data center campus in the kingdom.

Saudi Arabia

Syria finance chief meets US, World Bank officials as Trump admin pushes more sanction relief

Less than two weeks ago, the US Senate approved a measure to repeal the 2019 Caesar Syria Civilian Protection Act sanctions on Syria as part of its 2026 defense budget.

Syria

Interview

Gulf real estate investors choose UK over US amid political instability

The London-based lender is seeing an increase in demand from Gulf investors in UK real estate as US markets have become less predictable.

Khaled Alanani

Head of real estate finance and investments, Bank of London and The Middle East

Singapore's DBS Group, Banque Saudi Fransi ink Asia-Gulf trade deal

Trade between Southeast Asia and the GCC reached about $130.7 billion in 2023 and is expected to grow by another $50 billion by 2027, according to the Singaporean lender.

Saudi Arabia

Libyans rush banks amid cash crunch, government to print $11B in dinars to ease crisis

The Libyan Central Bank has been printing more money in response to cash shortages in the country, as falling oil prices and corruption take their toll.

Libya

Somaliland leader courts Ethiopia in recognition push: What to know

Somaliland President Abdirahman Mohamed Abdillahi visited Ethiopia for talks focused on security and economic cooperation as the Somali breakaway territory seeks global recognition.

Somalia

Hong Kong exchange expands Gulf presence with new Dubai commodities arm

The emirate has positioned itself as a global commodities trading hub, with the UAE ranking second globally after the US in last year’s Commodity Trade Index.

United Arab Emirates