Category: Economy

By STAN CHOEUpdated 12:03 AM GMT+3, February 25, 2025 NEW YORK (AP) — U.S. stocks edged lower on Monday after enduring significant losses the previous week. Trading was mixed across the major indices:…

Alibaba has revealed plans to allocate over $50 billion toward artificial intelligence (AI) and cloud computing over the next three years. This announcement comes just one week after co-founder Jack Ma was spotted…

Several U.S. federal agencies, including those led by prominent allies of former President Donald Trump, have pushed back against Elon Musk’s attempt to require employees to justify their work achievements or face potential…

Dubai’s Virtual Assets Regulatory Authority (Vara) is closely monitoring the aftermath of a $1.4 billion hack at Bybit, one of the world’s largest cryptocurrency exchanges. The attack, which occurred on February 21, exploited…

The Capital Markets Board (SPK) has launched an investigation into «unusual price fluctuations» on Borsa Istanbul. According to a statement released on February 21, both the SPK and Borsa Istanbul are reviewing the…

Iraq has enlisted the help of two prominent financial consulting firms, London-based EY and U.S.-based Oliver Wyman, to assist in the restructuring of its banking sector, which has been severely impacted by long-term…

Founded in 1967, Mashreq is the oldest bank in the UAE, offering decades of industry experience and a deep understanding of the ever-evolving financial landscape. This unique expertise allows Mashreq to effectively meet…

Baykar, one of Turkey’s leading defense industry companies, has recently issued a public warning about an increase in fake investment offers. The company highlighted the need for caution regarding investment frauds that use…