Houthi attacks in the Red Sea caused a shortage of parts.

DUBAI, UAE — The supply of under construction warehouse stock in Dubai’s industrial market stands at 1.56 million square feet according to Knight Frank's latest report: Dubai & Abu Dhabi Industrial Markets Review, Q3, 2023. According to Knight Frank, demand is outstripping supply and occupiers are faced with the prospect of...

Dubai, UAE--A top Hamas official called on Egypt Sunday to take "decisive" action to expedite aid to Gaza amid criticism over the pace of vital supplies reaching the war-torn Palestinian territory. "Egypt should not remain a spectator," Hamas politburo member Musa Abu Marzouk said in a statement. "We expect a...

Volker Turk exhorted for a ceasefire as the first step in order to save the lives of civilians through the delivery of quick and "effective humanitarian aid" in the Gaza Strip. He asserted that violence will never end unless leaders stand up and "take the humane choices that are required...

Cairo, Egypt--Egypt's annual urban consumer inflation in April dipped to 30.6% from 32.7% in March, data from the state statistics agency CAPMAS showed on Wednesday Month-on-month, urban inflation slowed to 1.7% from 2.7% in March and 6.5% in February. Inflation had steadily crept up over the last year after a...

The poll discovers people struggling across the Middle East to cope with high cost of living in the holy month of Ramadan, with inflation in some places reaching 100.

It retained lead over the rival Volkswagen for the third year.

Paris, France--New vehicle registrations in Europe dropped to their lowest level since 1993 last year as component shortages continued to hinder automakers, an industry group reported Wednesday. Despite an uptick in sales since August, the overall number of EU registrations fell 4.6 percent to 9.3 million, a level last seen three...

Damascus, Syria-- Syrian student Ziad al-Ezz can no longer get to university as severe fuel shortages cripple the capital Damascus, pushing residents to seek alternatives for heating and shuttering businesses. With the country's economy battered by more than a decade of war, authorities have announced four fuel price hikes since the...

Water shortage has dealt a crippling blow to farming in the North African country as successive droughts exact a heavy economic cost.

Steady chip demand and brisk smartphone sales led to the rise.

The automaker now sees 2022 net profit of between $9.6 bn and $11.2 bn.

French giant TotalEnergies signed a $27-billion contract to invest in oil, gas and solar production in Iraq Sunday, as the country faces an acute energy crisis. The announcement of the deal, supposed in part to reduce Iraq's reliance on fossil fuels, came as Oil Minister Ihsan Ismail signed the contract...

The International Atomic Energy Agency (IAEA) has launched a plan to tackle a chronic shortage of cancer care capacity in many poorer countries, with an initial focus on Africa.

Intel on Wednesday said 2021 was a record year for sales at the chip maker as it navigated unprecedented demand and supply chain constraints.The US-based firm also saw costs rise and margins shrink as it shifted to a more sophisticated line of semi-conductors, analysts noted.

The company will invest $20 bn, hire 3,000 new workers for the sites in Ohio.

The Lebanese pound has lost more than 90 percent of its purchase power since end-2019, due to its devaluation against the dollar. The exchange-rate problem has led to a fuel shortage in Lebanon, to the extent that the entire country was plunged into darkness earlier this year.

It will sell only small-sized French fries for a week.

Samsung said on Tuesday it will build a microchip factory in Texas, a $17 billion investment that comes as semiconductor shortages are causing supply chain delays across many industries. "Welcome to Texas, Samsung!' tweeted Texas' Republican governor Greg Abbott, who called the planned factory "the largest foreign direct investment in...

World Food Program Executive Director David Beasley has warned that more people in Syria are in the grips of hunger than at any time in the country’s decade-long conflict. He blamed a deadly combination fighting, climate change, Covid-19, and rising food and fuel costs for the problems.

The process of supplying Lebanon with electricity is expected to begin in early 2022.

The Lebanese central bank has opened a credit line of $60 million for medicine importers.

The end to subsidies pushes the cost of filling a vehicle's tank to more than the monthly minimum wage in the poverty-stricken nation. Subsidies were gradually phased out over the past few months to shore up diminishing foreign currency reserves.

In the absence of a functioning public transport system, car culture has thrived in Lebanon, with many households, even modest ones, boasting multiple vehicles. Since 2019, however, an ever-worsening financial crisis has made petrol unaffordable for many and long queues at gas stations unbearable for the rest.

DP World says the disruption of the global supply chain will not end any time soon because of the shortage of shipping containers, congestion at ports, and skyrocketing freight rates.

Apple is unlikely to meet production goals for its new iPhone before the holidays because of a global electronic chip shortage, a report said Tuesday. The firm had planned to produce 90 million iPhone 13s before the end of the year, but will have to settle with 80 million as...

Auto exports to the region are likely to suffer for the next more than a year due to an estimated net production loss of 3.9 million vehicles globally. Besides the automobile sector, e-gadgets, the smartphone and video gaming industries were impacted by the shortage.

This week's suspension is Scania's first since the coronavirus pandemic forced a production halt in April 2020

Yemen is desperately short of Covid vaccines to inoculate its population, with as little as one percent of its population having received shots.

The cause of the explosion was not immediately clear. Lebanon, hit by a financial crisis branded by the World Bank as one of the planet’s worst since the 1850s, has been grappling with dire fuel shortages for months. The Lebanese army on Saturday said it seized thousands of liters of...

Daraa, which borders Jordan and is close to the Israeli-occupied Golan Heights, is widely seen as the cradle of the 2011 uprising in Syria, which sparked a decade-long civil war that has killed almost half a million people. UN has said civilians were suffering from acute shortages of food, fuel,...

The move comes after weeks of uncertainty at the upper echelons of the Lebanese government, even as the country sinks deeper into an economic crisis.

*Shortage of qualified workers, delay in vaccination and timing restrictions are affecting the sector negatively *Small restaurants and cafes especially suffering because of incomplete vaccination KUWAIT CIT: A severe shortage of specialized and qualified workers, delay in vaccinating a large segment of the sector’s workforce, and continuation of the closure...

 Gasoline price rise likely to ease the shortage of fuel Lebanon is experiencing one of the worst economic crises in history Faced with an acute shortage of gasoline, Lebanon’s caretaker Prime Minister Hassan Diab approved a proposal to finance fuel imports at a rate of 3,900 Lebanese pounds to the...