Bitcoin’s market is showing signs of a potential price shift as miners enter a phase of “capitulation.” This phase is identified by the hash ribbon indicator, which tracks the 30-day and 60-day moving averages of Bitcoin’s hashrate. When the 30-day moving average dips below the 60-day average, it signals that mining Bitcoin has become financially […]
Morgan Stanley and six other banks sold $4.74 billion of X Holdings Corp. debt, allowing the lenders to finally rid themselves of the bulk of their exposure to the financing they arranged for Elon Musk’s 2022 purchase of the social-media platform. The Wall Street bank had been marketing a $3 billion portion but decided to […]
The average retail price for 5 kilograms of rice surged 82% to 3,688 yen ($24) in the week of Jan. 27th compared with a year ago, according to the Ministry of Agriculture, Forestry and Fisheries. The Japanese government heavily regulates the country’s rice market and imposes significant tariffs on imports. Problems in the distribution system […]
Saudi Arabia’s first fintech unicorn Tabby has doubled its valuation to $3.3 billion following the successful closure of a $160 million series E funding round. The round was led by Hong Kong-based Blue Pool Capital, and Hassana Investment Co., the funding arm of Saudi Arabia’s General Organization for Social Insurance, with participation from STV and Wellington Management. […]
Saudi Arabia is preparing to export industrial robots to international markets by the end of May which are capable of performing manufacturing tasks faster than humans, an official said. Speaking at the Private Sector Forum in Riyadh on Feb. 12, Amit Midha, CEO of Alat — a company backed by the Public Investment Fund —highlighted that these […]
A number of foreign companies are announcing expansion plans in China recently as the country vows to roll out practical measures to stabilize and expand foreign investment on Monday. The latest developments showcased the Chinese market’s sustained appeal to multinational companies and the country’s commitment to open up wider and create a favorable environment for […]
Saudi Arabia’s Public Investment Fund is offering SR40 billion ($10.67 billion) in investment opportunities through its private sector platform to strengthen local industries, supply chains, and business growth, its governor said. Speaking at the third PIF Private Sector Forum in Riyadh, Yasir Al-Rumayyan highlighted that the Kingdom’s sovereign wealth fund and its portfolio companies have […]
tate-owned property developer ROSHN said it is using artificial intelligence across its operations to enhance efficiency, improve the customer experience and support its sustainability efforts. Speaking to Arab News on the sidelines of the LEAP 2025 technology conference in Riyadh, Pablo Sanz, executive director of digital products, said: “We are deploying multiple AI agents … […]
Demining teams from Saudi Project for Landmine Clearance in Yemen (Masam) cleared 714 landmines, unexploded ordnance and improvised explosive devices during the first week of February Project Masam, being implemented by the King Salman Humanitarian Aid and Relief Center (KSrelief), has 32 teams engaged in mine clearance operations in Yemen to reduce civilians’ exposure to […]
Senegal and Mauritania have achieved a historic milestone with the start of operations at the Greater Tortue Ahmeyim (GTA) development. Project developers bp and Kosmos Energy, alongside Senegal’s national oil company (NOC) Petrosen and Mauritania’s NOC Societe Mauritanienne des Hydrocarbures (SMH), have officially opened the first well of the GTA project, signaling the start of technical operations […]