UAE set to welcome even more millionaires as wealthy individuals abandon the UK
The United Arab Emirates is on track to be the world's top wealth magnet for the third year running, according to the Henley Private Wealth Migration Report.
Natasha Turak in asian news
Saudi Arabia's fiscal breakeven oil price is rising fast. What will the kingdom do about it?
Saudi Arabia has a superpower. Not only is it the largest exporter of crude oil in the world; its production costs for oil projects are also the lowest in the world, at around just $10 per barrel. When around 75% of your fiscal revenue comes from oil, that's a big deal.
No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy
Saudi Arabia is moving full steam ahead with its focus on domestic investment — and with that, higher requirements for foreigners coming to the kingdom to take capital elsewhere.
Oil giant Saudi Aramco's second-quarter profit dips 3% on lower crude production volumes
Saudi state oil giant Aramco reported $29.1 billion in net profit for the second quarter, a dip ofjust over3% from the same period last year as crude production volumes remained low.
Turkey blocks Instagram throughout country amid complaints of censorship of Hamas posts
Turkey blocked access to Instagram for its 85 million people, the country's Information and Communication Technologies Authority announced Friday morning.
Bella Hadid 'shocked' at 'lack of sensitivity' in Adidas ad campaign linked to 1972 Munich Olympics
Model Bella Hadid issued a statement after starring in a controversial Adidas campaign that the sportswear company said had an "unintentional" connection to a bloody terrorist attack.
U.S. and Saudi Arabia sign agreement for joint space exploration and research
The U.S. and Saudi Arabia pledged to collaborate on civilian space research and exploration in a bid to strengthen joint work between the allies, NASA and the State Department said in a Tuesday statement.
Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking
Turkey came out miles ahead of the rest of the world in an annual global wealth ranking — in a result that may come as surprising, given the country's high levels of inflation.