• Israeli Policymaker resigns, cites economic danger

    A member of the Monetary Committee of the Bank of Israel has resigned over the government's plan to overhaul the judiciary system, according to reports. The proposed reforms, which Prime Minister Benjamin Netanyahu says will…
  • $270m contract issued by Red Sea Global

    Tourism development company Red Sea Global has awarded a contract worth nearly SR1 billion ($270 million) to Saudi-based Al-Ayuni Investment and Contracting Co. to develop utilities infrastructure systems at one of its resorts. The work will…
  • SAMA issues two new fintech licenses

    The Saudi Central Bank (SAMA) has issued licenses to two fintech firms that specialize in debt-based crowdfunding. The licenses were issued to Forus and Tameed following evaluation through SAMA's regulatory sandbox, which is an experimental…
  • QIA ups stake in Credit Suisse

    Qatar Investment Authority (QIA) has reported an increase in its ownership of Credit Suisse Group (CS) in a recent filing with the SEC. According to the filing, QIA now holds 272,251,995 shares of CS, which…
  • Middle East’s tourism industry to recover fully

    The Middle East has seen the strongest increase in international arrivals in 2022, according to the UN's World Tourism Organization (UNWTO), signaling a rebound for the tourism sector to pre-pandemic levels this year. The UNWTO data…