Chip stocks got hit hard on Monday in response to the launch of the Chinese artificial intelligence (AI) chatbot DeepSeek. Investors were shaken as the creators of DeepSeek were able to build a model ...
Maldives sees 28% jump in India’s Budget 2025 aid after diplomatic thaw with New Delhi
The budget earmarked ₹600 crore in developmental aid for the Maldives, marking the highest percentage increase among South East Asian countries.
BisB’s “Future Leaders” Wins Innovation Award
Bahrain Islamic Bank (BisB) has been recognized at the 2024 International Finance Awards for its groundbreaking product, “Future Leaders”, which has been ...
‘Neighbourhood first’: India increases Maldives aid to Rs 600 crore amid ties reset
The decision comes as part of India’s "Neighbourhood First" policy, even as concerns persist over Maldivian President Mohamed Muizzu’s pro-China tilt.
Bahrain: MPs unanimously vote for 2% remittance tax
It comes a year after the move was unanimously rejected by the Shura Council following a previous unanimous approval by MPs ...
Kuwait steady reforms not enough to lift credit rating
Kuwait’s economic and financial reforms are progressing steadily, albeit without the fanfare that typically accompanies major ...
UAE mega projects, sustainability boost bonds, sukuk issuances
The UAE is witnessing rapid growth in its mega projects, spanning vital sectors such as infrastructure, renewable energy, and real estate development, in line with a strategic vision that places ...
Budget 2025: Good news for Afghanistan, Bangladesh to receive only Rs…., Maldives and Nepal to get….
It is worth noting that, New Delhi has doubled its aid to Taliban-led Afghanistan, increasing it from Rs 50 crore last year to Rs 100 crore this time.
Former Federal Reserve adviser indicted and arrested for alleged espionage in dealings with China
Federal authorities have arrested a former Federal Reserve senior adviser for allegedly giving inside economic information to China. A grand jury indictment accuses John Harold Rogers, 63, of Vienna, ...
Tajikistan targets witchcraft and fortune-telling in new crackdown
In a block of flats in Tajikistan's capital Dushanbe, a turbaned woman cautiously opened the door of her apartment a chink, letting out a waft of incense. "I'm not taking on new clients. It could be a ...