Washington Post CEO Resigns Days After Laying Off a Third of Staff Amid Financial Crisis
Washington Post CEO Will Lewis resigned after major layoffs and financial losses, leaving CFO Jeff Donofrio as interim CEO amid staff unrest.
Egypt Launches Its Largest-Ever Frequency Spectrum Deal: $3.5 Billion and Usage Rights Until 2039
Egypt allocates $3.5B in mobile spectrum rights to operators until 2039, doubling capacity and boosting digital services.
Global Gold Rush Accelerates: Central Banks to Purchase 800 Tons by 2026
Central banks, led by China and Turkey, are set to buy 800 tons of gold by 2026, diversifying from the US dollar amid global uncertainty.
Parallel Saudi Investments in Syria Link Air Transport and Digital Infrastructure Through Long-Term Regulatory Partnerships
Flynas and Saudi Telecom invest in Syria, launching a low-cost airline and a $3B telecom project, boosting aviation and digital sectors long-term.
Luberef's Second-Half Dividend Proposal Raises 2025 Yield to SAR 4.5 per Share, Reinforcing Free Cash Flow-Linked Policy
Luberef proposes a 2025 dividend of SAR 4.5/share, about 70% of free cash flow, despite lower profits, maintaining its payout policy.
Saudi Market Indices Hold in Green Amid Selective Liquidity and Broad Gains Across Stocks
Saudi market indices stayed positive with broad stock gains and selective liquidity; TASI rose 0.15% amid moderate trading volumes.
A Single Click Costs $44 Billion: Korean Exchange Accidentally Distributes 620,000 Bitcoin!
Bithumb accidentally gave 620,000 BTC ($44B) to users due to a typo, but recovered 99.7% in 35 mins; loss was ~$7M, fully compensated.
Historic Breakthrough for EGX 30 Index Driven by Broad Sectoral Liquidity and Trading Structure Shift
EGX 30 index broke 50,000 points with broad sectoral liquidity, signaling a mature, sustained market uptrend and increased investor confidence.
China's Foreign Exchange Reserves Reach $3.399 Trillion in January, Highest Since 2015
China's forex reserves hit $3.399T in Jan 2026, highest since 2015, boosted by a weak dollar, gold buys, and prudent monetary policy.
Sharp Slowdown in Russian Economy in 2025 Despite Resilient Labor Market and Surprise Industrial Uptick
Russia's 2025 GDP grew 1%, sharply down from 2024. Strong labor market masks risks; growth driven by military, not investment.
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