Economic news

Economic News

World Markets
Tesla shares lose $12.3 billion in one trading session

Tesla's stock fell to its lowest level this year, losing $12.3 billion and CEO Elon Musk losing a... Read more

Gulf Markets
Saudi "Alaqaria" increases its capital to 3.75 billion riyals

The extraordinary general assembly of the Saudi Real Estate Company approved an increase in the c... Read more

Crypto currencies
El Salvador loses $36 million from the acquisition of "Bitcoin"

The El Salvador government has incurred huge losses in light of the decline in cryptocurrencies,... Read more

Crypto currencies
Meta intends to launch a payment platform that supports cryptocurrencies

Meta, the parent company of social media giant Facebook, may be planning to launch a crypto-enabled... Read more

UAE Markets
Alpha Abu Dhabi invests 9.2 billion dirhams in one of the funds

Alpha Abu Dhabi Holding Company of the United Arab Emirates has announced its commitment to invest 9... Read more

World Markets
Oil is rebounding after two days of decline

International oil prices rose during trading Thursday, amid hopes that the planned easing of epidemi... Read more

World Markets
SABIC (2010) - May 18

Key point: 118.00 Our preferred direction: short positions below the level of 118.00 riyals, targe... Read more

UAE Markets
Offering 10% of "Borouge" in the Abu Dhabi market

UAE's ADNOC and its Austrian partner, Borealis Chemicals, are planning an initial public offering... Read more

Gulf Markets
The Saudi "Investments" buys 5% of the "Nintendo" video game company

The Saudi Public Investment Fund announced the purchase of a 5% stake in the Japanese company (Nint... Read more

Crypto currencies
Cryptocurrency users react to the news of the legal team leaving Terraform Labs

The ongoing saga with Terraform Labs, the blockchain developer behind Terra (LUNA), has taken a turn... Read more

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