US fines Bank of America $1.2bn for money laundering, sanctions violations
The second-largest US bank faces record penalties for failing to comply with money laundering and sanctions laws.
Business
Riyadh Emir opens 12th Riyadh Economic Forum
Under the patronage of Custodian of the Two Holy Mosques King Salman and on his behalf, Emir of Riyadh Region Prince Faisal bin Bandar inaugurated the 12th edition of the Riyadh Economic Forum on Tuesday.
Business
Al-Jadaan's IMFC chairmanship extended for another year
The International Monetary Fund (IMF) announced a one-year extension of Minister of Finance Mohammed Al-Jadaan's term as Chair of the IMF's International Monetary and Financial Committee (IMFC), until January 2028, after completing his original three-year term.
Business
IMF projects Gulf rebound in 2027. Can energy production keep pace?
Restoring shipping access in the Strait of Hormuz is only part of the recovery, as Gulf producers also need to repair damaged infrastructure to avoid further disruption to production and exports.