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ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

China’s Xiaomi to invest nearly $7 bn in chips

Chinese tech giant Xiaomi will invest 50 billion yuan ($6.9 billion) in developing high-end smartphone chips, the firm's founder said...

General Gulf inflation rate logs 1.7% by end of Dec 2024

Muscat, Oman -- The general inflation rate in the GCC countries rose by 1.7 percent at the end of December...
  • The increase is primarily driven by a 5.9 percent increase in housing prices and a 2.8 percent rise in the prices of goods and services.
  • The culture and entertainment group recorded a 1.8 percent increase, while both the food and beverages group and the education group rose by 1.2 percent each.

US stocks move sideways but poised for weekly gains

The S&P 500 has risen the last four sessions, extending the positive momentum after last weekend's trade talks resulted in...
  • The broad-based S&P 500 added 0.1 percent at 5,923.30, while the tech-rich Nasdaq Composite Index gained 0.2 percent to 19,146.48.
  • Broadband and cable company Charter Communications gained 2.5 percent after announcing a deal to acquire Cox Communications for $34.5 billion.

Tehran says no objection to US investment in Iran

Iranian Foreign Minister Abbas Araghchi said Thursday that Tehran has no objection to US companies operating in the country, including...
  • "We have no ban on the economic presence of American companies in Iran," Araghchi said, attributing the lack of US business activity to primary sanctions imposed by Washington
  • His remarks come after President Donald Trump said Washington was "getting close" to a new nuclear deal with Tehran to replace the one he abandoned during his first term in 2018

US, China to slash tariffs as Trump to speak to Xi

After the first meetings between Washington and Beijing since Trump ratcheted up his trade war, the world's two biggest economies...
  • The world's two biggest economies agreed in a joint statement to bring their triple-digit tariffs down to two figures and continue negotiations
  • China hailed the "substantial progress" made at the talks, held at the discreet villa residence of Switzerland's ambassador to the United Nations in Geneva

US, China to publish details of ‘substantial’ trade talks in Geneva

The US and China will Monday give details of "substantial progress" touted by Washington on trade talks aimed at ending...
  • It was the first time senior officials from the world's two largest economies have met face-to-face to talk trade since Trump imposed steep new levies on China totalling 145%
  • The trade spat between Washington and Beijing has rocked financial markets and raised fears of a global economic slowdown and an inflationary spike in the United States

Asian markets rally after positive China-US trade talks

Asian stocks rallied Monday after top Chinese and US officials held "substantial" trade talks at the weekend, fuelling hopes the...
  • Investors have been on a rollercoaster ride since Donald Trump unveiled eye-watering tolls on trading partners on April 2
  • The US president eventually hiked the measures against China to 145 percent, which were met with retaliatory rates of 125 percent

Washington hails ‘substantive progress’ after trade talks with China

Washington expressed optimism at the end of a weekend of trade talks with China aimed to de-escalate trade tensions sparked...
  • The meetings marked the first time senior officials from the two countries met since Trump slapped steep levies on China
  • After the first day of negotiations, Trump had posted on Truth Social that the discussions had been "very good"

Trump hails ‘total reset’ in US-China trade relations as talks continue

Geneva, Switzerland - US President Donald Trump hailed a "total reset" in US-China trade relations, ahead of a second day...
  • The discussions are the first time senior officials from the world's two largest economies have met face-to-face to tackle the thorny topic of trade
  • Ahead of the meeting, Trump signaled he might lower the tariffs, suggesting on social media that an "80% Tariff on China seems right!"

US and China meet in ‘important step’ towards de-escalating trade war

Geneva, Switzerland - Senior US and Chinese officials were meeting in Geneva Saturday in what Chinese state media described as...
  • US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer were holding talks with Chinese Vice Premier He Lifeng
  • The talks were being held at the residence of the Swiss ambassador to the United Nations in Geneva

US and China prepare for trade talks as Trump floats tariff cut

Senior US and Chinese officials are in Switzerland this weekend for talks aimed at de-escalating a burgeoning trade war sparked...
  • Tariffs imposed on the Asian manufacturing giant since the start of the year currently total 145 percent, with cumulative duties on some goods reaching a staggering 245 percent.
  • In retaliation, China slapped 125 percent levies on US goods, cementing what is effectively a trade embargo between the world's two largest economies

OPEC+ expected to open taps more despite price slump

The Organization of the Petroleum Exporting Countries and their allies - collectively known as OPEC+ - have justified their change...

Latest News

IMF says Omicron could slow global growth

According to the economists, Omicron's threat to economy will likely be less severe than the previous waves.

Qatar takes key step to control own airspace

Qatar said on Tuesday that it has been given a preliminary green light by a UN body on a proposal...

G20 ministers set to green light global tax reform

Finance ministers from the G20 richest nations are expected to give the green light Saturday to a historic deal to...

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private...

Saudi Arabia to create 40,000 jobs for its nationals

Job creation is part of Saudi strategy to help residents obtain high-quality jobs The strategy seeks to push more Saudi...

Tehran says no objection to US investment in Iran

Iranian Foreign Minister Abbas Araghchi said Thursday that Tehran has no objection to US companies operating in the country, including...

US, China to slash tariffs as Trump to speak to Xi

After the first meetings between Washington and Beijing since Trump ratcheted up his trade war, the world's two biggest economies...

US, China to publish details of ‘substantial’ trade talks in Geneva

The US and China will Monday give details of "substantial progress" touted by Washington on trade talks aimed at ending...

Most Read

Washington hails ‘substantive progress’ after trade talks with China

Washington expressed optimism at the end of a weekend of trade talks with China aimed to de-escalate trade tensions sparked...
  • The meetings marked the first time senior officials from the two countries met since Trump slapped steep levies on China
  • After the first day of negotiations, Trump had posted on Truth Social that the discussions had been "very good"

Trump hails ‘total reset’ in US-China trade relations as talks continue

Geneva, Switzerland - US President Donald Trump hailed a "total reset" in US-China trade relations, ahead of a second day...
  • The discussions are the first time senior officials from the world's two largest economies have met face-to-face to tackle the thorny topic of trade
  • Ahead of the meeting, Trump signaled he might lower the tariffs, suggesting on social media that an "80% Tariff on China seems right!"

US and China meet in ‘important step’ towards de-escalating trade war

Geneva, Switzerland - Senior US and Chinese officials were meeting in Geneva Saturday in what Chinese state media described as...
  • US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer were holding talks with Chinese Vice Premier He Lifeng
  • The talks were being held at the residence of the Swiss ambassador to the United Nations in Geneva