The Hong Kong Monetary Authority (HKMA) will launch its first batch of stablecoin licences early in the following year, since the city’s central bank urged prospective issuers to submit their…
The Dubai International Financial Centre (DIFC) celebrated a successful first half of the year, recording its best performance thus far, with 1,081 new company registrations between January and June, resulting…
The partnership between GSK and Hengrui is part of a growing trend of license deals signed between Chinese and global multinational corporations, whose inventions are helping transform global treatment pipelines.…
UAE banks recently benefited from an increase in credit demand as regional governments make investments in infrastructure and tourism to diversify their economies away from oil. First Abu Dhabi Bank…
Space42 and the UAE government have signed a Dhs18.7 billion deal that will guarantee the supply of satellite capacity until 2043. Space42, an Abu Dhabi-based satellite service company, can use…
Singapore’s daily foreign exchange turnover of US$1.136 trillion in October 2024 was 1.7 times that of Hong Kong, the largest gap since 2023. Singapore’s foreign exchange market grew this year,…
AstraZeneca stated that the investment will fund a new drug manufacturing facility in Virginia and cell therapy manufacturing in Maryland, Massachusetts, California, Indiana, and Texas. AstraZeneca plans to invest $50…
The rise in reserves comes as Saudi Arabia navigates a shifting global economic landscape marked by fluctuating oil prices and increased project-driven imports. The official reserve assets of Saudi Arabia…
UAE Government Media Office stated that the new budget cycle demonstrates how the general budget serves as an annual planning tool and a strategic tool to help federal agencies. The…
Seven & I expressed disappointment at Couche-Tard’s decision to withdraw from the deal, but also disagreed with the falsehoods mentioned in the letter from the Canadian company. Canada’s Alimentation Couche-Tard…