The Middle East and North Africa region is expected to outperform the global economy in 2026, with GDP projected to...
Early signals hint that Web Summit Qatar 2026 will be its biggest edition yet, with participation expected to outpace the...
The Fed has a duty to prevent a one-time spike in prices from becoming an "ongoing inflation problem," said Federal...The Fed has held the benchmark lending rate steady since its last reduction in December, bringing the level to a range between 4.25 percent and 4.50 percent.
Last week, Powell told reporters that it would make smarter decisions if it waited to understand how Trump's tariffs impact the economy.
The main international and US oil contracts briefly bounced off their lows as Israel and Iran accused each other of...Prices were also brought down by Trump saying that China could continue to buy oil from Iran, in what appeared to be relief from sanctions Washington had previously imposed.
There was also relief that Iran has refrained from closing the strategic Strait of Hormuz, a chokepoint for about one-fifth of the world's oil supply.
- US stocks edged higher while European markets retreated and Asian equities were mixed, with markets keeping a close eye on...
They later dipped briefly into the red and then wobbled, standing down around one percent as European markets closed.
Iran is the world's ninth-biggest oil-producing country, exporting just under half of the 3.3 million barrels it produces per day.
Economists at MUFG warned of "high uncertainty of the outcomes and duration of this war", giving a "scenario analysis" of...Asian stocks were lower as traders digested the weekend's events, with Iran threatening US bases in the Mideast
Iran is the world's ninth-biggest oil-producing country, with output of about 3.3 million barrels per day
New York, United States - Tesla announced Friday that it signed an agreement to build its first grid-scale energy storage...The project will help with the flexible adjustment of grid resources, and "effectively solve pressures relating to urban power supply," Tesla said
Chinese media outlet Yicai reported that Tesla Shanghai, Shanghai authorities and China Kangfu International Leasing Co. held a signing ceremony Friday for the project
Presenting the annual report at a press conference, UNCTAD chief Rebeca Grynspan said it contained a "clear and urgent" message...After two consecutive years of decline, the FDI outlook for 2025 remains negative due to uncertainties triggered by the tariff war waged by Trump, the UNCTAD said.
UNCTAD said that when adjusted to strip out volatile financial flows through several European economies, FDI fell by 11% last year to $1.5 trillion.
- Fed Chair Jerome Powell told reporters the central bank would make better decisions if it waited a few months to...
For now, he expects to learn more "over the summer," while officials appear increasingly divided on whether they can cut interest rates at all in 2025.
The Fed kept the benchmark lending rate between 4.25 percent and 4.50 percent at the end of its two-day meeting, with officials penciling in two rate reductions this year.
As most currencies in the region are pegged to the US dollar, monetary policy follows the decisions taken in Washington,...Saudi-based Cluster2 Airports Company signed a strategic MoU with Airbus. The agreement will see the deployment of the Agnet Turnaround platform across Cluster2’s 22 airports.
Saudi National Bank (SNB) has issued $1.25 billion in Tier 2 bonds at a 6% profit rate under its $10 billion Euro Medium Term Note program.
Hong Kong, China - Asian stocks fell Thursday after the Federal Reserve warned Donald Trump's trade war would likely reignite...With Trump increasingly calling for the bank to slash rates, Powell said: "We'll make smarter and better decisions if we just wait a couple of months."
Hong Kong led losses, falling more than one percent, while Tokyo, Shanghai, Sydney, Singapore, Seoul, Wellington, Taipei, Manila and Jakarta were also in the red
- Washington, United States - The US central bank is expected to hold interest rates steady Wednesday after its key policy...
The Federal Reserve has kept the benchmark lending rate unchanged this year at a range between 4.25 percent and 4.50 percent
Beyond inflation data, policymakers are also trying to keep expectations "anchored," a state in which consumers expect price increases to remain low and steady
