Qatar minister urges Gaza ceasefire to end Red Sea insecurity
The Houthis, who control vast swathes of Yemen, have said the attacks, beginning in November, have targeted vessels linked to...Economy Energy
KSA seeks to lead global sustainability drive with Alat
Led by Saudi Crown Prince Mohammed bin Salman, Alat is poised to revolutionize the tech sector, aiming for carbon neutrality...Economy
Turkey’s central bank reduces policy rate for third month
The decision comes right after President Recep Tayyip Erdogan said the central bank would keep cutting rates every month for...The Turkish central bank said it was cutting its one-week repo rate to 10.5 percent from 12 percent
President Erdogan wants interest rates to lower down to single digits by the end of the year
Aramco launches Taleed program to accelerate SMEs growth in Saudi
Riyadh, Saudi Arabia--Aramco said on Thursday it has launched Taleed program to accelerate the growth of Small and Medium Enterprises...Aramco said the program targets sustainable SME growth across multiple sectors through a portfolio of 20 initiatives.
It also aims to deliver funding and financial solutions to existing and new businesses through five funds, with a combined capital exceeding $800 million.
American Airlines posts Q3 profit of US$483m
American Airlines third quarter revenues rose to $13.5 billion.American scored a 13 percent jump in revenues compared with the 2019 period on high ticket prices.
US carriers have begun to prosper in 2022 as more governments pare back restrictions.
High investments in H1 2022 for DEWA transmission substations
Dubai Electricity and Water Authority (DEWA) recorded substantial growth of 22 percent in investments allocated to transmission substations during the...From January this year to June 2022, DEWA commissioned a new 400 kV transmission substations.
Now the total number of 400 kV transmission substations in Dubai has risen to 26.
Asia, Middle East up diesel exports to Europe in October
According to ship tracking data from Refinitiv, about 289,000 tonnes of gasoil will be loaded from South Korea and China...According to ship tracking data from Refinitiv, about 289,000 tonnes of gasoil will be loaded from South Korea and China to northwest Europe in October
This month has seen a flurry of spot tenders from South Korea and Taiwan, two of Asia's largest fuel exporters
Crypto scams give law enforcement agencies tough time
US federal agencies have often concentrated on headline-grabbing suspects like Heather Morgan, an amateur rapper nicknamed "Razzlekhan" who was charged...With Washington and Brussels focused on high-value targets, victims of low-level fraud are often left high and dry
If decentralized crypto networks revolutionize finance, US politicians would no longer be able to project power in the way they do now with dollar
IEA says fossil fuel CO2 emissions rise marginally in 2022
The International Energy Agency has said that global carbon dioxide emissions from fossil fuel combustion will grow just one percent...The increase was far smaller than the two-billion-tonne jump the world experienced last year as countries turned to fossil fuels to power their Covid-19 recoveries
The IEA analysis showed that solar photovoltaic and wind capacity grew by more than 700 terawatt-hours in 2022, the largest single year rise on record
Tunisian bakers strike over unpaid subsidies
Subsidies on basic goods are a highly sensitive political issue in Tunisia, where a public finance crisis has caused repeated...The national bakery owners' union said some 3,200 of their businesses had closed, representing 95 percent of the North African country's state-backed bread-makers
The bakers are demanding payment of 14 months of overdue subsidies, adding up to around 250 million dinars (nearly $78 million)
Empty shelves as German supermarkets resist price hikes
With German inflation running at a record 10 percent, supermarket giants are pushing back against what they see as unreasonable...But retailers in Europe's top economy say they are protecting customers' purchasing power at a difficult time, and that price hikes of up to 30 percent in some cases are overblown.
Edeka and Rewe, two of Germany's biggest supermarket chains, have stopped getting delivery of around 300 products from the Mars company, known for its Twix and Snickers bars.
Saudi crown prince unveils National Industrial Strategy
The strategy aims to diversify the kingdom's economy and increase GDP and non-oil exports by promoting industry and attracting investment.The strategy aims to diversify the kingdom's economy and increase GDP and non-oil exports by promoting industry and attracting investment
The policy also intends to raise the number of factories in the kingdom from 10,640 at the moment to 36,000 by 2035
