Saudi Arabia is still dependent on oil revenues, so weak crude prices may make it harder to fund its ambitious ventures such as The Line in Neom.
Analysis-How the oil price plunge complicates Saudi Arabia’s economic agenda
Saudi Arabia, with its wealth linked inextricably to oil revenue, faces mounting pressure to raise debt or cut spending after a plunge in crude prices, complicating plans to fund an ambitious agenda ...
Iraq starts banking sector restructuring plan
Iraq announced this week the start of a much-awaited post-war project to restructure its banking system with the help of the US consultancy company Oliver Wyman. The Central Bank of Iraq said ...
Iraq launches major private bank reform plan
Allaq, has announced the launch of a comprehensive plan to reform private banks in partnership with local and international institutions, Al-Iqtisad News reported on April 7. 'Iraqi banks have taken ...
Thailand Says US Tariff Hit a Chance to Reform Its Import Policy
Thailand plans to revamp its import duty structure and non-trade barriers as it prepares for talks with the Trump administration to lessen the impact of a 36% tariff on its exports to the US.
Iran Says It Will Start Nuclear Talks With US This Weekend
Iran said it will start high-level talks with the US in Oman this weekend, confirming Donald Trump’s announcement that they’re planning to meet to resolve a standoff over Tehran’s nuclear program.
In Iran, a new nose can mean more money and respect
For many Iranians, especially women, cosmetic surgery is more than just a beauty trend it's a gateway to status, opportunity, and financial gain. Azadeh, a 29-year-old model from Tehran, says ...
Barrick’s Reko Diq project in Pakistan aims new financing
Barrick Gold's Reko Diq copper and gold project in Pakistan intends to lock in upwards of $2 billion in financing from international lenders, with term sheets signed by early Q3, its project director ...
Turkey’s Sipay raises $78M to expand its Stripe-like services into emerging markets
Billing itself as "Stripe for emerging markets," Turkish Fintech Sipay has raised a $78 million Series B funding round, claiming a valuation of $875 ...
China sovereign fund steps in to support stocks plunging on trade war
China intervened on Monday to support domestic stocks plunging on U.S. tariff woes, with a sovereign wealth fund increasing its holdings in equities and saying it would defend market stability.