Economy
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Erdogan says Turkey weighing opening new border crossings to boost trade with Iran
Turkey is considering opening new border crossings with eastern neighbor Iran, President Recep Tayyip Erdogan said late on Wednesday after…
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Dubai launches support program for govt retirees to launch businesses
Dubai has launched a program offering benefits and incentives to retired Emirati government employees and those approaching retirement to set…
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FAA blocks Boeing from increasing MAX aircraft output but ends grounding
The US Federal Aviation Administration late on Wednesday tightened pressure on Boeing by barring the troubled planemaker from expanding production…
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Suez Canal traffic plummets 40 pct amid Houthis attacks, threatening world economy
The volume of commercial traffic passing through the Suez Canal has fallen more than 40 percent in the last two months after…
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Tesla warns of “notably lower” sales growth in 2024
Elon Musk’s Tesla is forecasting a sharp sales slowdown this year, becoming the latest car company to warn of sagging…
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Al-Sisi declares dollar crisis as a recurrent problem for Egypt’s economy
In a speech commemorating Egypt’s 72nd Police Day, President Abdel Fattah al-Sisi on Wednesday highlighted the ongoing challenges Egypt faces…
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MENA investors prepare for dynamic 2024 amid global unrest
In today’s highly interconnected global economy, geopolitical events and market fluctuations significantly influence investment strategies. Investors in the Middle East are currently…
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Saudi Arabia’s Avalon Pharma prices IPO at top of range
Saudi-based Middle East Pharmaceutical Industries Company, known as Avalon Pharma, priced its initial public offering (IPO) at the top of…
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How to invest in Saudi Arabia stock market – all you need to know
One of the leading emerging market exchanges globally, the stock markets in Saudi Arabia offer unique opportunities for investors seeking to grow…
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UAE’s ADNOC boosts budget allocation for lower-carbon projects to $23 bln
The state-owned Abu Dhabi National Oil Company said on Mon-day it would allocate $23 billion for decarbonization and lower-carbon projects,…
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