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Treasure of a trillion dollars of minerals in the territory of Afghanistan and the reserves of…
Afghanistan is considered one of the poorest countries in the world, but US officials revealed in 2010 that this country may be sitting on a treasure trove of precious metals worth more than a trillion dollars.
US media reported that…
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The profits of the largest sovereign wealth fund in the world amounted to 111 billion dollars in the…
Norway's $1.4 trillion sovereign wealth fund, the world's largest, posted a 9.4 percent return on investment for the first half of the year.
Reuters reported that the success in achieving those profits was driven by a strong rise in…
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What is the fate of billions of dollars and archaeological treasures in the coffers of the Afghan…
With the quick and sudden takeover of the Taliban in Afghanistan, observers are looking at what the movement (which is classified as a terrorist banned in Russia) will do with the country's wealth, especially money that can be accessed and…
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Huawei defies US sanctions and pledges to return to the “throne of smartphones”
A Huawei executive said on Wednesday that the technology company will return to the "throne" of the smartphone industry even as it continues to suffer from the repercussions of US sanctions.
Under the administration of former US…
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Gold prices are witnessing a rise today in a number of Arab countries
On Wednesday, August 18, gold prices witnessed a slight and noticeable increase in a number of Arab countries, after a wave of decline in the prices of the precious metal globally. Find out the price of gold in some Arab countries,…
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Saudi AirBnB-like platform Mabaat raises $2.4m in funding round
Jeddah-based accommodation platform Mabaat has secured SR9 million ($2.4 million) in a seed funding round, as it aims to build on its contribution to Saudi Arabia’s tourism goals.
The Saudi startup provides a platform for property owners…
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Fitch warns against using bitcoin in insurance sector
Bitcoin, the leading cryptocurrency, traded lower on Tuesday, falling by 0.25 percent to $45,978.27 at 6 p.m. Riyadh time while Ether traded at $45,978.27, down by 0.25 percent, according to data from Coindesk.
Meanwhile, responding to…
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Oil losses continue with the increasing outbreak of “Delta” and the revival of shale…
Oil prices fell today, Monday, for the third day in a row, as the outlook for global demand for crude was affected by the continued spread of the Delta virus, and data on the increase in the number of rigs in the United States caused…
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Aramco is negotiating to buy 20% of Reliance’s refining unit for $25 billion
Informed sources revealed that Saudi Aramco is in advanced talks to acquire a stake in the refining and chemicals unit of the Indian company Reliance, in a deal estimated to be worth between 20 to 25 billion dollars.
The sources, who…
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Bretton Woods anniversary has crypto traders dreaming of dollar’s demise
Aug. 15 marks the 50th anniversary of Bretton Woods and the end of the gold standard, which pegged all currencies to the yellow metal.
That ushered in the era of fiat currencies, whereby their value was pegged not to gold but to each…
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