Building the Gulf’s Knowledge Future: Education, Innovation, Talent
Florin Vasvari of London Business School says a knowledge economy requires educated local talent, global expertise and supportive regulation, tax...
Economy
From Summit to Strategy: Qatar Builds Global Investment Hub
This year’s edition is expected to welcome more than 30,000 participants from over 120 countries, including 1,500 startups, 700 investors...
Economy
Fake AI videos have a new generation loving 1980s life
Arts & Culture
Economy
Asian markets rally as Fed cut hopes trump trade war fears
Stocks jumped Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the...
- After a volatile couple of days characterised by a fresh flare-up in China-US tensions, investors took the opportunity to jump back into the market and resume a months-long rally
- Powell has for most of the year walked a fine line between trying to keep a cap on US inflation while also supporting the labour market, even as he faced abuse from President Trump
Economy
IMF lifts 2025 global growth forecast, warns of ongoing trade ‘uncertainty’
In its flagship World Economic Outlook (WEO) report -- compiled before the most recent US-China tariff spat -- the IMF...
- The global inflation rate is expected to remain elevated at 4.2 percent this year, and 3.7 percent in 2026.
- The IMF raised its prospects for economic growth for the United States, the world's largest economy, by 0.1 percent this year and next, to 2.0 percent in 2025.
Business
WEF’s Dubai Summit tackles existential digital risks
DUBAI, UAE – A powerful confluence of more than 500 experts and 150 cybersecurity leaders has converged in Dubai for...
- The meeting will inform and drive collaborative solutions to shared challenges.
- This year’s meetings will provide much-needed space to navigate uncertainty, decode emerging trends and strengthen resilience.
Economy
Nobel economist warns of AI dangers amid “amazing possibilities”
Washington, United States - A winner of this year’s Nobel prize in economics warned Monday that artificial intelligence offers "amazing...
- The remarks from Canadian Peter Howitt, professor emeritus at Brown University in the United States, came amid growing concerns about how AI will impact society and labor market
- Howitt was one of three economists honored Monday by the Royal Swedish Academy of Sciences for work on how technology drives and affects growth
Economy
As Trump mulls imposing additional 100% tariff, China says will ‘fight to the end’ in trade war
China said on Tuesday it was ready to "fight to the end" in a trade war with the United States...
- "On the matter of tariff wars and trade wars, China's position remains consistent," an unnamed commerce ministry spokesperson said
- Concerns spiked over the weekend that the trade war between the world's top two economies will worsen after Trump announced extra 100 percent tariffs on all Chinese goods
Economy
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...
- Last year it went to Turkish-American Daron Acemoglu and British-Americans Simon Johnson and James Robinson for research into wealth inequality between nations
- For Micael Dahlen, a professor at the Stockholm School of Economics, it is important to look at the disciplines recognised in previous years
Geostrategy
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...
- China said on Friday that it would impose "special port fees" on ships operated by and built in the US, calling it a "defensive action."
- The US leader also threatened to pull out of a mooted meeting with Xi at the Asia-Pacific Economic Cooperation summit in South Korea.
Economy
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...
- In a lengthy and unexpected Truth Social post, Trump railed against China imposing export controls on rare earth minerals -- a critical component in modern technology
- "Some very strange things are happening in China! They are becoming very hostile," Trump said in the post, which he sent as he headed for medical check-up at a military hospital
Business
Silver price hits decades high as gold rush eases
Stock markets, meanwhile, were mixed as traders weighed a slew of issues: massive AI investments, corporate results, US interest rates,...
- The price of silver topped $50 an ounce for the first time since 1993 in the wake of sister safe-haven gold soaring to record highs.
- The metal hit $50.1900, while gold retreated after hitting a record above $4,000 an ounce on Wednesday.
Economy
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
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Building the Gulf’s Knowledge Future: Education, Innovation, Talent
Florin Vasvari of London Business School says a knowledge economy requires educated local talent, global expertise and supportive regulation, tax...
Economy
Company News
Latest News
Qatar’s economic momentum accelerates as diversification gains global recognition
However, Qatar faces downside risks from a deeper global economic slowdown that could weaken energy demand and LNG prices amid...
Economy
Saudi powers forward with deficit spending to fund diversification of its oil-dependent economy
Saudi Arabia greenlit its 2026 budget Tuesday, projecting a deficit of 165 billion riyals ($44 billion) as the kingdom presses...
Economy
Kuwait rises on the strength of collaboration: Airlines deal and sweeping reforms fuel economic revival
In addition, Kuwait hosted a major joint meeting between the GCC and the United Kingdom in October focused on a...
Economy
Most Read
Arts & Culture
Fake AI videos have a new generation loving 1980s life
New York, United States - "The 1980s are calling," a teenager with a throwback hairstyle tells viewers as "Everybody Wants...
- The fake montage -- entirely generated using artificial intelligence -- has racked up more than 600,000 "likes" on Instagram and is part of an internet fad known as "AI nostalgia."
- The soft-focused fantasy land comes thanks to generative AI tools like OpenAI's Sora, Google's Veo or Luma AI's Ray that enable creation of strikingly realistic videos
Geostrategy
G20 summit opens in South Africa without Trump
The Johannesburg gathering is being attended by a host of world leaders including French President Emmanuel Macron, Indian Prime Minister...
- Trump is boycotting, with his government saying South Africa's priorities -- notably boosting global cooperation on trade and climate action -- run counter to US policy.
- Despite the headwinds, host South Africa was projecting optimism that it would get backing for its G20 aims to reduce economic inequalities, shrink debt for low-income countries
Economy
China’s consumer prices rose in Oct, reversing stagnation
Beijing has struggled to maintain a strong economic recovery from the pandemic, as it fights a debt crisis in its...
- The consumer price index, a key measure of inflation, rose 0.2 percent year-on-year last month, according to the National Bureau of Statistics (NBS).
- Consumer prices were stagnant in July followed by two months of decline.