In a dramatic move for global efforts to combat climate change, the European Union couple of weeks ago laid out an ambitious proposal to transition away from fossil fuels. Brussels’ announcement…

Standard Chartered Bank, a British banking and financial services company founded in 1969, started operation of its first branch in Riyadh, Saudi Arabia, around the middle of last May. The Saudi…

Last month, Robert Breedlove - nicknamed "The Philosopher "- stood alone against the Bitcoin community. The battle was very fierce against him, while he was subjected to insults and sharp criticism…

Heba, a 27-year-old employee at a local Saudi company, is unable to get used to office life again after she spent a whole year working from home. A loving mom of two kids and a hardworking…

Inflation in Turkey jumped to 17.5 percent last June, after it was 16.6 percent in May, surpassing expectations. The year-end inflation forecast from the Turkish Central Bank was 12.2 percent, at a…

The Saudi business sector got a hard blow in 2020. Tens of thousands of employees lost their jobs in different sectors due to the lockdown and the oil price crash. The GDP declined by 4.1% last year…

President Joe Biden’s decision to donate 500 million COVID-19 vaccines to other countries by June 2022 is an important step toward restoring the United States’ global standing. Another, parallel…

What price will the United States pay for the end of dollar hegemony, if indeed dollar hegemony ends? Paul Krugman, New York Times columnist and Nobel Prize laureate, suggests that concern over the…

World Bank has rejected El Salvador’s decision to adopt Bitcoin as legal tender, noting that it would have dire economic consequences. It refused to provide any kind of assistance for the country’s…

No country has escaped the setbacks caused by the pandemic, but its impact on low-income countries is particularly devastating. The World Bank estimates that the pandemic and efforts to contain it…