Business

Federal Open Market Committee (FOMC) of the US Federal Reserve decided to maintain the target range for the federal funds rate at 5.25 to 5.5 percent.

Recent indicators suggest that economic activity has continued to expand at a solid pace, the Fed s…

Riyadh, The Kingdom of Saudi Arabia’s non-oil and government activities grew 4.4% and 3.6%, respectively, during the second quarter of this year, the Saudi Press Agency (SPA) reported.

The Kingdom’s Gross Domestic Product (GDP) contracted by 0.4 perc…

Japan’s central bank on Wednesday raised its policy interest rate to around 0.25 percent from the previous range of around zero to 0.1 percent, and outlined a plan to taper its bond-buying program.

At a two-day policy meeting, Bank of Japan’s (BOJ) G…

Dubai, The UAE’s Artificial Intelligence, Digital Economy, and Remote Work Applications Office has launched the Charter for the Development and Use of Artificial Intelligence in the UAE, aimed at achieving the objectives of the UAE Strategy for Artifi…

TOKYO, South Korea and Saudi Arabia discussed on Tuesday ways to broaden economic exchanges pledging to work closely toward the prompt implementation of a free trade pact between Seoul and the Gulf Cooperation Council (GCC), Yonhap News Agency reporte…

KUWAIT, Burgan Bank announced on Tuesday that it achieved KD 21 million (about USD 69 million) in net profits during the first half of 2024, with a growth rate of 17 percent on an annual basis.

The Chairman of the Board of Directors of Burgan Bank, S…

LONDON, The newly-appointed Chancellor of the Exchequer Rachel Reeves pledged Monday to restore UK economic stability after revealing GBP 22 billion (USD 28.3 billion) of unfunded pressures inherited from the previous Government.

Addressing the House…

New York, stock indexes are drifting in mixed trading Monday ahead of a week full of earnings reports from Wall Street’s most influential companies and a Federal Reserve meeting on interest rates.

The SandP 500 was 0.2% higher in late trading, coming…