American banks are heading towards recording a sharp rise in “bad debts”, which constitutes a “time bomb” or a major threat at best to their profits during the coming period, and perhaps during the past few period as well. “Bad debts” are loans whose owners default for long periods, or whose owners ask the court … Read more
The Egyptian-Saudi committee concerned with following up the electrical interconnection project between the two countries will discuss the date of installing the submarine cable at its scheduled meeting next week. Sources told Al Arabiya Business that the Italian company “Brisman” is close to completing the submarine cable. In preparation for its shipment and installation between … Read more
A Reuters analysis of ship tracking data showed that the movement of oil and fuel tankers in the Red Sea was stable in December, although many container ships changed their routes due to attacks by the Houthi movement in Yemen. The attacks led to a sharp rise in shipping costs and insurance premiums, but their … Read more
MBC Group shares jumped by a maximum of 30% in their first trading session on the main Saudi stock market, Tadawul, today, as is often the case with new, newly listed stocks. The company was listed within the media and entertainment sector in the market, which includes three other companies: “Saudi Research and Media Group,” … Read more
Monday, January 8, 2024 Paris Saint-Germain star Kylian Mbappe has made his final decision regarding his next step in the summer transfer period at the end of the current season. The French network Foot Mercato confirmed in breaking news on Sunday evening, “Kylian Mbappe will join Real Madrid next season.” She added that the Parisian … Read more
As rents rise in major European cities due to a shortage in housing supply, investors are preparing to pour their money into new homes, but they are stumbling into a confusing set of obstacles. While office and retail properties suffer from the impact of remote working and online shopping trends, property investors have allocated an … Read more
Some clinics in Britain have begun using an artificial intelligence stethoscope, which is a major shift in the field of exploring heart diseases. This stethoscope can detect heart defects early and quickly, and is much less expensive than traditional methods of detecting the heart, which can ultimately lead to saving the lives of large numbers … Read more
Although 2023 is the 14th year of the emergence of cryptocurrencies, it has been a year full of surprises. Despite a series of scandals and bankruptcies, the crypto market, led by Bitcoin, was able to record record gains. Due to the crises that the market witnessed, the name of the “crypto” market was associated with … Read more
Just in time for the end-of-year holidays, Edmunds has presented the latest installment of its annual list of the most interesting new cars that will debut in the new year. A handful are already on sale including the Subaru Crosstrek and Toyota Grand Highlander, but many more will be making their way into dealer showrooms … Read more
The giant Chinese telecommunications company, Huawei, announced on Friday that it had been able to “weather the storm” of US sanctions by announcing an increase in its revenues by approximately 9% in the year 2023, during which it launched a smartphone that made Washington question the effectiveness of the restrictions. Huawei, which is headquartered in … Read more