Economy

The US is to allow Iran to use frozen funds to pay for exports shipped before sanctions were imposed before the previous administration.

With inflation rising, Turkey has chosen to keep its policy rate unchanged, to combat rises in the cost of living.

Cellebrite supplies digital forensic tools that can extract data from cell phones, and its technology is widely used by law-enforcement agencies around the world. Rights groups say the Israeli firm continues to sell its tools to repressive regimes.

Several central banks around the world have recently announced similar plans, while criticising decentralised cryptocurrencies like bitcoin.

Saudi Arabia has set a price limit for fuel, saying it will pay anything above the limit.

Despite not having a background in investment, ex-head of Mossad Yossi Cohen will head investment giant Softbank's new office in Israel.

Riyadh's national pension scheme has a serious hole in its finances, thought to be to the tune of approximately $213 billion.

The Abraham Fund, which followed the Abraham Accords of 2020, will no longer receive support from the US as Washington looks to focus on diplomatic efforts.

Norway’s largest pension fund divested millions from businesses deemed complicit by the United Nations in servicing and equipping illegal Israeli settlements in Occupied Palestinian Territories.

Norway's largest pension fund's decision to divest from 16 companies follows a 2020 UN list of 112 companies with activities linked to Israel's illegal settlements.