Hawkish economic approach on China has bipartisan support in US, say analysts
WASHINGTON, US - In a shift from tit-for-tat tariffs and strong-arm tactics to tech restrictions and investment curbs, US policy towards China has become more targeted under President Joe Biden - though still hardline.Despite differences between Democrats and Republicans, analysts expect Washington's approach to Beijing will only become tougher, whether Biden...
Libya flood toll is partly due to years of division, say analysts
TRIPOLI, LIBYA - Over a decade of bloody power battles in Libya have resulted in vital infrastructure falling into disrepair, culminating in the catastrophic death toll in Sunday's flood, politicians and analysts have said. Wracked by conflict and division ever since a NATO-backed uprising toppled and killed longtime dictator Moamer Kadhafi...US Federal Reserve prepared to raise interest rates further
The US Federal Reserve is prepared to raise interest rates higher - and hold them there - to bring down above-target inflation, chairman Jerome Powell said. "We are prepared to raise rates …. until we are confident that inflation is moving sustainably down toward our objective," he told the Jackson...Lebanon lawmakers fail to elect president at 12th attempt
The vote for the presidency, reserved for a Maronite Christian under Lebanon's delicate sectarian power-sharing system, pitted the Hezbollah-backed Sleiman Frangieh against financial official Jihad Azour, who has mainly been endorsed by Christian and independent legislators. But neither had the requisite support, with Azour garnering 59 votes and Frangieh 51...Disney+ gains 12m subscribers as losses pile up
Although its subscriber base has swelled by 12 million users, Disney+ has seen its operating losses touch $1.47 billion for the July to September period. The number of people subscribing to Disney+ reached 164.2 million people, more than 161 million estimated by Factset, a data company.
Retail sector in Gulf region stares at slump in business
Market experts predict a hard summer for the GCC retail industry as rising costs keep shoppers away from malls and stores amid soaring inflation and high cost of fuel.
SABIC profit surges to $2.1bn
The Saudi firm's net profit was fueled by higher sales volume.Retail sector in Gulf region stares at slump in business
Market experts predict a hard summer for the GCC retail industry as rising costs keep shoppers away from malls and stores amid soaring inflation and high cost of fuel.
UAE paves way for the return of Bashar al-Assad to Arab fold
A surprise visit by Syria's Bashar al-Assad to the oil-rich United Arab Emirates opens the door to his isolated regime's return to the embrace of the Arab world, analysts say. The president's trip also showed that a more assertive UAE is willing to upset its ally Washington with a rapprochement...
Aramco likely to post bumper profit for Q2
Aramco is expected to post a bumper profit for the second quarter of this fiscal on the back of high price of crude. This is the assessment of various analysts before the oil-giant discloses its financial results on Sunday.
