Nassef Sawiris, the youngest son of the late Egyptian tycoon Onsi Sawiris, is the richest man in the Arab world, with a net worth of...
Tamimi Markets expands its presence in Saudi Arabia with Al Raya acquisition
Tamimi Markets, a family-owned grocery chain that has been operating in Saudi Arabia since 1979, has announced the completion of its acquisition of Al Raya...
Saudi Arabia’s Economy and M&A Market Set to Rebound in 2024
Saudi Arabia’s economy and merger and acquisition (M&A) market are expected to rebound in 2024, after a challenging year in 2023 that saw a sharp...
Israel kicks off 2024 with a flurry of private placements
Israel’s bond market has started the new year with a bang, as several issuers have tapped the private placement (PP) market for funding. The PP...
Tesla’s Optimus Robot: A Vision for the Future of Work
Tesla, the electric car company led by tech billionaire Elon Musk, has been developing a humanoid robot called Optimus that could potentially replace human labor...
Tesla’s Stock Plummets as Investors Worry About Slowing Growth and Rising Competition
Tesla, the world’s leading electric vehicle (EV) maker, saw its stock price drop by 12% on Thursday, wiping out $80 billion in market value. The...
FTX’s GBTC Shares Sold for $600 Million After ETF Conversion
The FTX estate, which inherited the assets of the collapsed crypto exchange and hedge fund, has liquidated most of its stake in the Grayscale Bitcoin...
How the NZ Dollar May Recover from its Slump
The New Zealand dollar (NZD) has been under pressure since the start of the year, as investors bet on a series of interest rate cuts...
How the world is shifting from globalisation to glocalisation
Globalisation, the process of increasing economic, social, and cultural integration across the world, has been a dominant force in the past decades. However, recent events...
Oil prices drop as global demand outlook weakens amid economic slowdown
Oil prices continued to slide on Monday as economic headwinds dampened the global oil demand outlook and overshadowed geopolitical tensions in the Middle East and...
Sun Pharma completes merger with Taro by acquiring remaining shares
Sun Pharmaceutical Industries, India’s largest drug maker, has announced that it will acquire the remaining 21.52% stake in Taro Pharmaceutical Industries, an Israel-based generic dermatology...
How Birch Gold Group Helps Investors Protect Their Retirement Savings with Precious Metals
Many investors like yourself rely on Birch Gold Group to safeguard their retirement savings through the purchase of precious metals. With over a decade of...
A Rare and Ancient Coin Sheds Light on the First Jewish Revolt
A half-shekel silver coin from the first century CE, one of the first coins ever minted in Israel, was recently discovered in the Judean Desert....
Gold Prices Retreat After Record High, But Analysts See Buying Opportunity
Gold prices have experienced a pullback this month after reaching an all-time record high of $2,152 an ounce in December 2023. The precious metal has...
ECB Signals June Rate Cut as Inflation Remains Elusive
European Central Bank President Christine Lagarde said that a rate cut in the summer is “likely” as the central bank seeks to boost inflation and...
Japanese Yen rebounds from weekly lows but remains vulnerable
The Japanese Yen (JPY) recovered some of its losses against the US Dollar (USD) on Wednesday, after hitting a one-and-half-month low of 147.45 on Tuesday....