Economy
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A rollercoaster tale in Egypt: Soaring rates, currency floatation, and IMF boost
The financial landscape in Egypt on Wednesday was nothing short of dramatic. Amidst a backdrop of anticipation and speculation, the Egyptian economy…
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Reduced refining capacity, stricter sanctions force Russia to cut oil output
Russia on Sunday announced additional voluntary cuts in oil supply mainly in the form of production cuts rather than exports,…
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Iran defies US sanctions with surging exports of liquefied petroleum gas
Iran is defying US sanctions with surging exports of liquefied petroleum gas, the latest sign that American pressure is failing to…
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EVIQ and TAWAL forge alliance for Saudi Arabia’s electric mobility at LEAP 2024
In a groundbreaking move to shape the future of electric mobility in the Kingdom, EVIQ, the pioneering electric vehicle infrastructure…
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EU aims to shift European arms industry to ‘war economy mode’
The European Commission will propose on Tuesday ways for the European Union to boost its arms industry so it can…
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India fines Paytm bank $663,380 on money laundering charges
India’s financial intelligence unit has imposed a 55 million rupees ($663,380) fine on Paytm’s banking affiliate. The agency said in…
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World Trade Organization ends meeting in UAE after failing to reach major agreements
Negotiators taking part in a World Trade Organization meeting in the United Arab Emirates ended their summit early Saturday after…
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Lawyers who voided Elon Musk’s $56 billion pay want $6 billion in fees
The lawyers who voided Elon Musk’s $56 billion compensation as excessive on Friday sought a record $6 billion legal fee,…
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India approves $15 bln in milestone chip fabrication plant investments
India’s government has approved $15.2 billion worth of investments in semiconductor fabrication plants, including a Tata Group proposal to build…
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Reliance, Disney announce $8.5 billion giant media merger in India
India’s Reliance Industries and Walt Disney have agreed to merge their Indian media businesses, creating a $8.5 billion entertainment giant in the…
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