Goldman Sachs, Mubadala sign $1bn private credit partnership to invest in Asia Pacific 

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RIYADH: Saudi Arabia’s 5G coverage is almost double the global average of 42 percent thanks to “really good operators that have high demands,” according to a senior industry executive. Speaking to Arab News, Pekka Lundmark, CEO of telecommunications firm Nokia, underlined how the Kingdom’s 77 percent coverage rate marks it out compared to several parts … Read more

Global recessionary risks comparatively less in 2024: Goldman Sachs CEO 

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RIYADH: Financial risks are increasing for countries neighboring Gaza, given the prolonged conflict and its spillage into nearby areas, says Fitch Ratings. According to the latest “Fitch Wire” newsletter, the involvement of Yemen’s Houthi forces underscores the potential impact on external finances, particularly affecting Egypt and Jordan. Egypt’s current account deficit narrowed in the fiscal … Read more