Economy

Oil swings near $90 with risk of Iran strike on Israel in focus

Oil cooled some of the previous day’s gains amid a choppy few days of activity as traders continue to watch…

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Lufthansa extends suspension of flights to Tehran, foreign ministers hold call

Germany’s Lufthansa extended a suspension of its flights to Tehran on Thursday with the Middle East on alert for Iranian retaliation for…

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IAEA calls emergency meeting on Zaporizhzhia nuclear plant targeted in Ukraine

The International Atomic Energy Agency said it will hold a special meeting Thursday on the Zaporizhzhia nuclear power station, Europe’s biggest,…

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Spain to scupper ‘golden visas’ for foreign real estate investors: PM

Spain will scrap the so-called golden visa program granting residency rights to foreigners who make large investments in real estate…

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Saudi Arabia’s economic diversification: Driving growth beyond oil

Saudi Arabia’s non-oil sector is experiencing a surge in activity, signaling a pivotal turning point in the Kingdom’s economic diversification…

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Solar eclipse: US solar energy to lose 30 gigawatts as moon shades panels

The US will lose more than 30 gigawatts of solar energy during Monday’s total eclipse — roughly the output of 30 nuclear…

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Iraq set to reopen own pipeline as Kurdish talks stall

Baghdad is repairing a pipeline that could allow it to send 350,000 barrels per day (bpd) to Turkey by the…

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France recommends monitoring Nestle food giant after traces of ‘fecal’ contamination

France’s food safety watchdog has recommended stricter monitoring of sites where the Nestle food giant extracts mineral water after traces…

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Qatar celebrates Eid Al Fitr with an array of festivities, concerts, and Disney musicals, organised by Visit Qatar

  Visit Qatar is gearing up to host several performances during the week of Eid Al Fitr 2024, ranging from…

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BlackRock, KKR sell ADNOC oil pipeline stake to Abu Dhabi-based Lunate

An Abu Dhabi-based alternate investment fund has bought a 40 percent stake in ADNOC’s oil pipeline network from BlackRock Inc. and…

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