A visiting Qatari official on Monday announced a multi-million dollar aid package for Lebanon, primarily to support the country's crumbling...
AI, geopolitics, climate, and demographics are reshaping the Middle East’s growth model beyond oil.
The US Federal Reserve is poised to make its first interest rate cut of 2025 on Wednesday, but it battles...There is little doubt that the US central bank will lower rates at the end of its two-day policy meeting, and markets widely expect a 25 basis points reduction
Typically, the Fed might be inclined to keep rates at a higher level to bring inflation back to its two-percent target -- or slash rates to support a weakening labor market
- Asian stocks rose again Tuesday to extend another record day on Wall Street as traders locked in bets on a...
While the outcome of the Federal Reserve's policy decision Wednesday is considered a fait accompli, there is still a lot of discussion over its plans for future meetings
Bank boss Jerome Powell's post-meeting comments will also be pored over for an idea about decision-makers' thinking as the US jobs market slows
- The Fed's likely move would follow a monthslong push from President Donald Trump to slash rates, and comes amid growing...
Since the bank's last reduction in December, it has held interest rates at a range between 4.25 percent and 4.50 percent as policymakers monitor the effects of Trump's sweeping tar
Analysts now broadly expect a 25 basis points rate cut at the end of its two-day meeting on Wednesday, as hiring slows.
- Turkey's central bank on Thursday cut its policy interest rate for a second meeting in a row as the country's...
Turkey's central bank had raised its key interest rate to 46 percent in April after protests over the jailing of Istanbul's powerful opposition mayor
The bank decided to reduce it again on Thursday to 40.5 percent -- a bigger cut than the two-percentage-point reduction expected by analysts
Paris, France -- Global oil supply hit a record high in August as OPEC+ and other countries ramped up production,...Eight key members of OPEC+ group, including Saudi Arabia and Russia, have been gradually increasing production since April after restricting output in recent years.
Non-OPEC+ nations have also been raising their output, with the IEA saying production from the United States, Brazil, Canada, Guyana and Argentina was "at or near all-time highs".
Gains for oil prices were relatively modest, while gas futures were unmoved after Israel's strikes Tuesday against Hamas in gas-rich...Wall Street had notched fresh highs Tuesday as markets digested weak US jobs data that added to expectations that the Fed will lower US interest rates at their next meeting.
Tokyo's stock market ended at an all-time high, as did Seoul where traders were hopeful the government will not implement plans to lower the capital gains tax threshold for stocks.
The Hague, Netherlands -- A Dutch tech startup said Wednesday it had set a European speed record for its futuristic...Hardt Hyperloop said its vehicle had reached 85 kph at the 420 meter European Hyperloop Center test track in the Netherlands and had carried out a complex lane switching test.
It said the lane switching maneuver -- essential for networked routes -- showed there were no technical barriers to operating at aircraft-like speeds.
Abu Dhabi, UAE -- The Institute of Foundation Models at Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and G42...K2 Think embodies a new approach to building smarter, more efficient AI, as with just 32 billion parameters, it outperforms flagship reasoning models that are 20X larger.
This breakthrough in parameter efficiency makes K2 Think a powerful alternative for advanced reasoning, redefining what is possible with compact architectures
- A steep downward revision to US job creation cemented expectations that the Federal Reserve would begin lowering its benchmark rate...
US employment growth is likely to be revised down by 911,000 for the 12 months ending in March, official data showed.
Investors are now looking to consumer inflation data coming Thursday, since a hot reading could keep the Fed from cutting further as it looks to curb price increases.
- Saudi Arabia announced on Sunday humanitarian projects for Syria including the removal of wartime rubble around Damascus, weeks after inking...
The oil-rich Gulf kingdom has been a major backer of the new Syrian government, which came to power after an Islamist-led offensive toppled longtime Syrian ruler Bashar al-Assad
Other agreements inked on Sunday would see Riyadh support the reconstruction of 34 schools in Syria's Aleppo, Idlib and Homs provinces
