Saudi Arabia is seeking to leverage changes in global trade and supply chains to position itself as a “connector economy,”...
The Gulf economies face disruptions but embrace risk to grow, says Tadeu Baldani Caravieri, founder of Prototypes for Humanity, on...
Asian markets mostly rose Tuesday with investors looking ahead to the release of US economic data and the earnings reports...Oil market concerns shifted focus on potential oversupply in 2025
Investors are also awaiting the Bank of Japan's rate decision later this week
- Tokyo, Japan - Oil prices tumbled in early Asian trading Monday with dealers relieved that Israeli strikes carried out Saturday against...
The price of North Sea Brent for delivery in December fell by 4.05 percent to $72.97, while West Texas Intermediate plunged by 4.19 percent to $68.77
"Israel's strike, carefully avoiding energy sites, has softened fears of a full-scale conflict with Iran," said Stephen Innes, analyst at SPI Asset Management
- The UAE and Saudi Arabia’s trade with China and India far exceeds their trade with the US and UK. This...
Arab economic powers such as Saudi Arabia and the UAE have intensified efforts to diversify their strategic business relations with China, Russia, and India
Arab powers have also kept their traditional ties with the nations in the European Union and the Americas, particularly the United States, intact
Beijing, China - China's central bank on Monday said it had cut two key interest rates to historic lows, in the...The cuts come just days after the country posted its slowest quarterly growth in a year and a half, underlining the deep economic woes the country faces
Leaders are targeting annual growth of five percent this year, but that goal is being challenged by weak consumption and a prolonged and debilitating debt crisis
- UAE President Sheikh Mohamed meets his Russian counterpart Vladimir Putin to discuss bilateral ties and Middle East. Sheikh Mohamed will...
Moscow and Kiev announced that they had swapped 95 prisoners each following negotiations led directly by the UAE
The UAE and Russia ties have grown closer recently with Putin saying that their bilateral trade had tripled in the past three years to $11.1 billion
- Hong Kong, China - Gold prices hit a record high above $2,700 on Friday as traders piled into the safe-haven commodity...
Bullion hit an all-time high of $2,704.89 in early Asian trade, up from its previous record of $2,688.83 touched on Thursday
Markets have been on edge over the crisis in the Middle East as Israel battles Hamas in Gaza and, more recently, Hezbollah in southern Lebanon
UN experts on Thursday accused the two sides in Sudan's civil war of using "starvation tactics" against 25 million civilians,...The world must pay attention to the largest modern famine taking shape in Sudan today, says UN
Experts say "the volume of aid currently being delivered through this corridor is not enough to meet the population's needs"
- More than one billion people are living in acute poverty across the globe, a UN Development Program report said Thursday,...
455 million live in the shadow of conflict, while 584 million people under 18 were experiencing extreme poverty
India was the country with the largest number of people in extreme poverty which impacts 234 million of its 1.4 billion population
Hong Kong, China- Asian markets mostly fell on Wednesday after a tech-led sell-off on Wall Street fueled by worries about the...Chip titan and market darling Nvidia sank more than four percent
Japan's Nikkei 225 was off more than two percent
Singapore's economy grew more than expected in the third quarter as a rush for everything related to artificial intelligence drove...The City's economic performance is often seen as a barometer of the global environment
Healthy rebound in manufacturing sector powered the 4.1 percent year-on-year Q3 growth
