Economy

Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Trump’s tariff threats stoke global fears, prompting retaliation warnings from allies and rivals

US President-elect Donald Trump's sweeping tariff plans target Canada, Mexico, and China, raising fears of a global trade war, with...
  • The president-elect on Monday placed both allies and rivals on notice, vowing to quickly slap 25% on Canada and Mexico, and add a 10 percent tariff on China
  • Following through on that threat or his campaign promise of a 10 percent levy on all US imports - will have ripple effects across the global economy, analysts say

What is the gig economy and what’s the deal for gig workers?

The rise of the gig economy has led to significant shifts in employment, with workers increasingly balancing multiple income streams....
  • The gig economy uses digital platforms to connect freelancers with customers to provide short-term services or asset-sharing
  • For millions of people, working nine-to-five for a single employer or being on the payroll is no longer a reality

How public-private partnerships can ensure ethical, sustainable and inclusive AI development

Public-private partnerships (PPPs) address AI bias by combining ethical guidelines with technological auditing tools. Governments set accountability frameworks, and companies...
  • The rapid pace of AI development, growing awareness of its societal impact and the need to harness AI for good makes bridging the 'AI divide' essential
  • By collaborating, stakeholders can ensure AI advances responsibly, equitably and for the greater good, helping to build a more just and sustainable future for all

Iran slams new EU, UK sanctions as unjustified: foreign ministry

ran's foreign ministry Tuesday slammed as unjustified the new sanctions by the European Union and Britain against Tehran over its...
  • Sanctions also included the national airline, Iran Air, for transporting ballistic missiles and military supplies to Russia
  • Iran's economy suffers from US sanctions following the unilateral US withdrawal in 2018 from a landmark nuclear deal

G20 leaders to grapple with climate, taxes, Trump comeback

G20 leaders gather in Brazil on Monday to discuss fighting poverty, boosting climate financing and other multilateral initiatives that could...
  • The main star of the show is expected to be Chinese President Xi Jinping
  • Wars in Ukraine and the Middle East would be kept off the summit agenda to focus on the poor.

Xi, Biden in Peru for APEC summit, pre-Trump face-to-face

uncertainty over Trump's next moves now clouds the APEC agenda -- as it does for the COP29 climate talks underway...
  • President Vladimir Putin of APEC member Russia will not be present
  • Trump has threatened tariffs of up to 60 percent on imports of Chinese goods

Advanced nuclear technologies and their role in the energy transition

New policies, public trust, and partnerships are crucial to accelerating these nuclear solutions. Platforms like the Forum’s Advanced Energy Solutions...
  • Nuclear energy is experiencing a renaissance but concerns around safety and cost remain
  • Advanced nuclear technologies can help address these concerns but some are only in the early stages of realization

GCC powers ahead in global clean energy transition with solar and hydrogen investments

Now, the region is turning its attention to newer innovations, including hydrogen production, small modular reactors (SMRs), and compact nuclear...
  • The approach is to combine gas-based and power-based low-carbon technologies, creating a balanced energy portfolio that capitalizes on each solution's unique strengths
  • This strategy ensures a more sustainable energy future that aligns with global climate commitments and contributes to the GCC’s economic diversification goals

Saudi Arabia appoints new CEO to drive NEOM’s mega-city project forward

In a big move, Saudi Arabia appoints Aiman al-Mudaifer as NEOM’s interim CEO, a strategic choice to advance the futuristic...
  • The company said that Mudaifer brought with him a "deep and strategic understanding of NEOM" after serving as head of a property arm of the Saudi sovereign wealth fund since 2018
  • NEOM is a planned futuristic megacity in northwestern Saudi Arabia meant to feature a ski resort and twin skyscrapers 170 kilometres (105 miles) long

World leaders meet for climate talks, but big names missing

Dozens of world leaders convene in Azerbaijan on Tuesday for COP29 but many big names are skipping the UN climate...
  • Heads of some of the most powerful and polluting economies are not attending
  • Top priority at COP29 is boosting funding for climate action in developing countries

Next wave of global competitive advantage lies in tech combinations: WEF

Eight technology domains, including AI, robotics, engineering biology and advanced materials are no longer advancing in isolation.

Latest News

AI or inequality tipped for economics Nobel

Stockholm, Sweden - The Nobel economics prize wraps up the 2025 season when it is announced on Monday, as experts...

China accuses US of ‘double standards’ over new tariffs threat

Beijing, China -- China accused the United States of "double standards" on Sunday, after President Donald Trump threatened an additional...

Trump says no reason to meet Xi, threatens ‘massive’ China tariffs

US President Donald Trump said Friday he no longer feels the need for a summit with Chinese leader Xi Jinping...

Most Read

Gold tops $4,000 for first time on political, economic worries

New York, United States - Gold topped $4,000 an ounce for the first time Wednesday as investors flocked to the...
  • US and European stock markets rose while Asian equities fell as investors also kept tabs on the AI investment boom and the prospect of further US interest rate cuts this year
  • Gold, considered a safe investment in times of uncertainty, reached an all-time high of nearly $4,060 an ounce Wednesday with silver also rising close to a record high

WTO hikes 2025 trade growth outlook but tariffs to bite in 2026

The WTO raised its forecast for trade volume growth in 2025 to 2.4 percent -- up from 0.9 percent in...
  • In an unusual move, the global trade body has revised its estimates several times this year due to uncertainties surrounding the new tariffs imposed by the Trump administration.
  • Since returning to office in January, Trump has slapped several waves of new tariffs on imports entering the United States.

Tech leaders unite to propel future-critical sectors at GITEX GLOBAL 2025

Dubai, UAE: With capabilities of AI advancing every year, its potential to address challenges once thought unsolvable is rapidly expanding,...
  • The event brings together the world’s most advanced AI and tech enterprises and leaders from 180 countries, from 13-17 Oct at Dubai World Trade Centre.
  • Expand North Star celebrates its 10th edition from 12-15 October at Dubai Harbour.