Sanctions hurt, but Russia’s banks keep profiting
Given that a large portion of Russia's financial reserves was held abroad, the freezing of these assets led to immediate concerns about the ability to manage balance sheets...
Tag : Russia
FIFA World Cup 2034 to bring positive momentum to Saudi stock market: Report
Saudi Arabia's hosting of the FIFA World Cup in 2034 will have a major economic impact and accelerate the growth spurred by Vision 2030...
Oil nudges up on escalating Ukraine war, signs of improving China demand
The rising conflict between Ukraine and Russia, two of the world's largest oil producers, seems to have helped prices...
Sudan scraps USD 6 billion UAE port deal, citing Gulf country’s RSF support
by WebAdmin
The UAE is dependent on imported food, and has reportedly invested heavily in agricultural land in Sudan...
OPEC+ agrees to delay December 2024 output hike for one month
Due to a combination of rising supplies, weak demand, and declining prices, OPEC+ had already postponed the increase from October 2024...
Egypt’s central bank leaves interest rates steady as inflation seen dropping
According to the MPC, inflation would sharply drop in the first quarter of 2025 and economic growth would progressively rebound in the fiscal year that started on July 1...
IF Insights: Is Telegram in trouble post Pavel Durov’s arrest?
With the help of the Telegram software, users can have one-on-one chats, group chats, and broadcast messages to a large number of subscribers through channels...
IF Insights: Qatar’s household wealth shows tremendous growth
Qatar's growth story is one of a nation returning to its historical pattern rather than a dramatic break from the rest of the area...
LockBit ransomware: The global cyber menace
The LockBit group managed to extort at least $500 million from victims in 120 countries...
Business Leader of the Week: Meet Vladimir Sergeyevich Lisin, Chairman of NLMK Group
In 2021 Vladimir Sergeyevich Lisin was the richest man in Russia and 58th richest in the world with an estimated net worth of USD 26.6 billion...