After 14 years of sanctions and isolation, Syria plans to reconnect to the SWIFT international payment network soon. The move, part of broader economic reforms and lifting of U.S. sanctions, includes potential Sukuk issuance and World Bank support for reconstruction . Source: ft.com
Syria to Rejoin SWIFT, Opening Doors to Global Finance Read More »
Saudi Arabia and the UAE are allocating substantial power capacity to AI, with Saudi planning 2,200 MW and the UAE 500 MW. Their vision includes partnerships with U.S. tech giants like Google and AWS and aims to add $150 billion to GDP, though talent and regulatory gaps persist . Source: ft.com
Gold Prices Rise in UAE on Middle East Tensions Read More »
Saudi Arabia and the UAE are allocating substantial power capacity to AI, with Saudi planning 2,200 MW and the UAE 500 MW. Their vision includes partnerships with U.S. tech giants like Google and AWS and aims to add $150 billion to GDP, though talent and regulatory gaps persist . Source: ft.com
Gulf States Invest Billions in AI Infrastructure Read More »
ADGM posted impressive growth—assets under management grew by 245%, and firm registrations rose 32%—backed by new licenses and interest from top-tier financial and crypto firms like BlackRock and Coinbase . Source: reuters.com
Abu Dhabi Global Market Accelerates Financial Sector Growth Read More »
Major Gulf stock exchanges climbed as U.S. and China reached a trade framework agreement aimed at reviving their truce. Saudi Arabia’s TASI led gains with a 1.2% rise, followed by modest increases in Dubai (+0.1%), Abu Dhabi (+0.1%) fueled by ADNOC Gas’s $5 billion investment, and Qatar (+0.4%), mainly driven by NDB performance .
Gulf Markets Surge on U.S.–China Trade Progress Read More »