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South Korea Tries to Offset 50% US Steel Tariffs to Protect Exporters

Hong Kong- Saudi Arabia Launch Asia’s First Sharia-Complaint ETF 

Netskope Approaches Morgan Stanley To Secure US IPO

Emirates Plans Expansion of Cargo Operation After a Record Year

The Business PinnacleApril 21, 2025096 views

Emirates plans to launch freighter operations in Narita, Japan, and two weekly flights to Osaka. Emirates, the world’s largest international airline, is setting its flights to reach even greater heights…

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How Shein And Temu Are Reacting To Trump Tariffs

The Business PinnacleApril 17, 20250112 views

Chinese companies like Shein and Temu, which had been exporting duty-free, cheap shipments to the US, are no longer beneficiaries of such an exemption. As tariffs on Chinese goods are…

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GCC Banks Face Limited Direct Effect From Trump Tariffs Says Fitch Ratings Report 

The Business PinnacleApril 16, 20250101 views

The reason the direct effects are minimal is because the main GCC exports to the US are hydrocarbons, which President Trump has exempted from duties.   As the world complains of…

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Intel’s New CEO Hands Over Altera For $4.46B After Years of Stalled Growth

The Business PinnacleApril 15, 20250106 views

Intel will keep a 49% ownership in Altera, which it stated will allow it to participate in Altera’s expected recovery. Intel has agreed to sell a 51% share in its…

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Chinese E-Retailers Back Exporters Turn Inward Amid US Tariff War

The Business PinnacleApril 14, 20250102 views

Chinese companies became extra prepared for the Trump 2.0 tariff battle after seeing the trade war during Trump’s first term. Chinese e-commerce companies are joining hands to help export-focused companies…

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Dubai-based Al Ansari Becomes GCC’s Biggest Non-Banking Financial Company

The Business PinnacleApril 11, 20250103 views

Al Ansari Financial Services has been dominating digital innovation in the financial services industry. Dubai-based Al Ansari Financial Services (AAFS), one of the leading integrated financial service groups in the…

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Aramco, Sinopec, and Yasref Plans Major Petrochemical Expansion in Saudi Arabia

The Business PinnacleApril 10, 2025098 views

Aramco planned to convert up to 4 million barrels of crude oil into petrochemicals daily by 2030. Plans are moving forward as Aramco, Sinopec, and Yasref agree to create a…

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Tourism Explodes By 390% as Saudi Arabia Prepares to Host 2034 FIFA World Cup

The Business PinnacleApril 9, 20250118 views

Saudi Arabia has invested billions of dollars through Public Investment Fund (PIF) to transform its sports landscape. When the world footballing body Federation Internationale de Football Association (FIFA) officially named…

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GCC Markets Weathering the Storm Despite US Tariffs Uncertainty

The Business PinnacleApril 8, 20250128 views

GCC’s tech-savvy population and efforts taken towards economic diversification will pave the road for growth opportunities. Despite ongoing global economic turbulence, the Gulf Cooperation Council (GCC) region has shown resilience.…

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Stonepeak Buys 40% Stake From Woodside Energy In Louisiana LNG Project

The Business PinnacleApril 7, 20250122 views

Woodside said in a statement that this deal would reduce capital spending needs and would be a significant step towards a final investment decision on the Louisiana LNG plant. While the…

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