Gold Reaches Historic High Amid Escalating Trade Tensions
New York (Agencies) – Gold prices soared to a record high on Thursday as investors, spooked by mounting concerns over a global trade war, sought safe-haven assets. The latest rally…
Russia has a new game plan for South Asia
Russia-Pakistan relations have been in the spotlight in recent months – from the visits of high-level delegations to the signing of various cooperation agreements, trade deals, and even joint counterterrorism…
King Salman approves Saudi riyal symbol
RIYADH (Agencies): King Salman on Thursday approved the official symbol for the Saudi riyal, marking the beginning of a new chapter in the Kingdom’s financial journey, as reported by the…
Trump Imposes Tariffs on Canada, Mexico, and China, Sparking Global Trade Tensions
Washington, D.C. (Agencies): In a significant move, US President Donald Trump has signed an executive order imposing tariffs on goods from Canada, Mexico, and China. The tariffs are set at…
Foreigners Can Now Invest in Makkah and Madinah Property via Listed Companies
RIYADH (Agencies): The Saudi Capital Market Authority (CMA) has announced that foreigners can now invest in Saudi-listed companies owning real estate in Makkah and Madinah. This landmark decision, effective immediately,…
Japan Raises Interest Rates to Highest Level in 17 Years
Tokyo: The Bank of Japan (BOJ) raised interest rates on Friday to their highest level since the 2008 global financial crisis, signaling confidence in stable inflation around its 2% target.…
Looming UK-EU reset unlikely to be the last
Since 2020, Europe has experienced the worst pandemic for a century, the largest war on the continent since 1945 and the biggest energy shock since the 1970s. Far from being…
Super-rich ditching UK – Times
LONDON (Agencies): Millionaires are leaving the UK in droves since the Labour Party took over last year, The Times reported on Friday. The exodus comes after the government of Prime…
Chinese Automakers Eye Volkswagen’s German Factories Amid EU Tariff Tensions
Berlin (Agencies): Chinese electric vehicle (EV) manufacturers are reportedly exploring the acquisition of Volkswagen factories in Germany slated for closure, in a bid to localize production and sidestep steep European…
Spain Plans 100% Tax for Homes Bought by Non-EU Residents
MADRID (Agencies): Spain is planning to impose a tax of up to 100% on properties bought by non-residents from countries outside the EU, such as the UK. Announcing the move,…