US inflation rises before midterm elections, fuelling rate hike fears
Economists divided on Fed rate hike as inflation creates uncertainty before US midterm elections in a tense market.
Business
NDF Chief: SR31.5 billion invested in green hydrogen project
The Saudi National Development Fund (NDF) Governor Abdulaziz Al-Arifi revealed that the NDF and the Saudi Industrial Development Fund, in partnership with local and international financial institutions, have contributed to financing the green hydrogen project, with total investments amounting to SR31.5 billion.
Business
IMF Chief: Attacks on Saudi Arabia could have ‘negative spillover everywhere’
The International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Wednesday that developments in Saudi Arabia potentially have 'negative spillovers for everybody everywhere.'
Business
Iran’s central bank governor dismisses claims of economic collapse amid US blockade
The governor of Iran’s central bank refuted US claims that Iran’s economy is collapsing, despite a naval blockade and sanctions targeting its oil exports.