Articles
Gulf poised to enter era of interest rate cuts
Region's banks expected to remain resilient despite losing some profitability on rate cuts
Saudi sovereign wealth fund to invest $5bn in Egypt
Cairo says injection is 'first phase' of kingdom's investments
Fed's likely interest rate cut collides with 2024 US election
Potential political interference in interest rate decisions raises concerns about the Federal Reserve's autonomy and future economic stability
Fed to cut capital requirements for large banks under new Basel III plan
New plan would affect major banks such as Goldman Sachs and comes after strong opposition to earlier proposal
Size of US interest rate cut in question after mixed hiring data
Federal Reserve Governor Christopher Waller suggests central bank is leaning towards quarter-point cut
Donald Trump proposes creating a US sovereign wealth fund
Former president says his across-the-board tariffs would be used to supply fund
IMF urges Saudi Arabia to continue structural reforms
Growth expected to increase in medium term, driven by stronger demand as kingdom focuses on Vision 2030 plan
Fentanyl responsible for 81% of overdose deaths in young Americans
US death toll involving the synthetic opioid has risen 32% since 2017
Global population at risk as Big Pharma considers mpox as African problem
Smaller vaccine developers are trying to fill gap as WHO declares disease a global health emergency twice in two years
Nvidia shares tumble after forecast but Dow sets new record
AI chip maker's stock falls more than 6 per cent, while strong economic data props up Dow Jones
Fitch: US outlook stable with election unlikely to change fiscal policy
Agency affirms 'AA+' rating for US because of its strengths as world's largest economy and financial flexibility
Nvidia shares slide despite record sales
CEO Jensen Huang says there is 'incredible' anticipation for Blackwell chip
Warren Buffett's Berkshire Hathaway tops $1tn in market value
Conglomerate becomes first US company outside tech sector to reach milestone
US return of offensive weapons sales to Saudi Arabia set to boost revenue
Riyadh is the world's largest importer of US arms
Jerome Powell's new priority is protecting the US labour market
With the inflation battle all but over, the Fed chairman pivots towards ensuring the US avoids a recession