Oman Investment Authority (OIA), the sultanate’s sovereign wealth fund has acquired a stake in xAI, a US-based artificial intelligence company owned by entrepreneur Elon Musk, Oman News Agency …
Fitch upgrades Oman’s outlook to positive
Fitch Ratings recently revised Oman’s outlook from “Stable” to “Positive” while affirming its Long-Term Foreign-Currency Issuer …
Singapore’s bolttech valued at $2.1bn in series C funding round
The fresh capital will support bolttech’s global growth strategy, helping to enhance its platform’s capabilities.
PANNIER: Why the Turkmenistan, Iran gas “friendship” is back on
By Bruce Pannier Iran appears set to become an important partner as Turkmenistan pursues its natural gas export ambitions. A recent swap agreement that will see Turkmenistan provide up to 10bn cubic …
‘25,000 Pounds for 1 Cup of Coffee’: Influencer Shows Shocking Inflation Crisis in Syria | Watch
Elona Karafin’s viral video from Syria highlights the severe impact of hyperinflation, where fluctuating prices and cash-only transactions reflect the country’s economic collapse.
UAE raises up to $3bn a year through indirect taxes
The UAE generates between AED10bn and AED11bn ($2.72bn and $3bn) annually through indirect taxes, according to Younis Haji Al Khoori, Undersecretary of the Ministry of Finance. It represents a …
It’s been a huge year for criminals stealing cryptocurrency – and North Korea was largely to blame
The latest review from Chainalysis found theft rates are up 21%, with the number of hacks increasing from 282 incidents in 2023 to 303 in 2024. More broadly, the trend of cryptocurrency theft …
Malaysia’s auto industry releases its first-ever EV—but locals wonder if it’s really homegrown
Malaysia has joined the EV race. Proton, Malaysia’s oldest domestic car company, debuted the Southeast Asian country’s first homemade electric vehicle this week in a launch ceremony featuring a guest …
Interview: TBC Bank’s Oliver Hughes on what makes Uzbekistan an exciting market
“Uzbekistan has built an open-banking system that is more advanced than in any developed market.” Oliver Hughes, Head of International Business, TBC Bank Group on developments in Uzbekistan …
IFAD’s Crisis Response Initiative strengthens food security for over 175,000 rural Afghan families amid challenges
The Crisis Response Initiative (CRI) set up by the UN’s International Fund for Agricultural Development (IFAD) to protect livelihoods and mitigate the impacts of emergency situations on rural …