Economy
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UAE energy minister says OPEC+ doing ‘noble’ job of balancing oil market
United Arab Emirates energy minister Suhail al-Mazrouei said on Wednesday OPEC+ was doing a “noble” job of balancing the oil…
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US ports strike causes first shutdown in 50 years
Tens of thousands of dockworkers have gone on strike indefinitely at ports across much of the US, threatening significant trade…
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Former Russian PM Kasyanov: ‘Putin’s regime’ can’t survive any oil price
Former Russian Prime Minister Mikhail Kasyanov challenged statements made by Russian Deputy Prime Minister Alexander Novak on Russia being able to survive…
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Global rice prices drop after India allows white rice exports
Global rice prices fell on Monday after India, the world’s No.1 exporter of the grain, gave the go-ahead for exports…
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Unemployment among Saudi citizens falls to 7.1 pct in Q2
Unemployment among Saudi citizens continued to decrease in the second quarter, falling to 7.1 percent, according to government data released…
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Sharjah luring property investors amid Dubai’s sky high rent, sale prices
With an increasing number of expats saying they’re being pushed out of Dubai due to soaring rents, a 7,000-year-old city…
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Uber plan to launch self-driving cars in Abu Dhabi in 2024
Uber Technologies is set to introduce self-driving cars in Abu Dhabi soon. The ride-hailing company has partnered with China’s WeRide…
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Lebanon’s economy to be weighed down by Gaza war: EBRD
The European Bank for Reconstruction and Development said Thursday that it expected Lebanon’s economy to decline further in 2024 because of geopolitical…
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New Zealand, United Arab Emirates reach trade pact
New Zealand on Thursday reached a trade deal with the United Arab Emirates, which it said would unlock economic opportunities for…
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Kyrgyzstan begins developing major titanium deposit to boost economy
Kyrgyzstan on Wednesday began developing a massive mineral deposit containing titanium, a metal widely used in the aerospace industry, in a bid…
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