Economy
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Moody’s downgrades Israel’s credit rating, changes outlook to negative
US-based credit rating agency Moody’s downgraded Israel and changed the country’s outlook to negative due to the ongoing war in Gaza, according…
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UAE real estate market surges amid global uncertainties: Report
The UAE market witnessed unprecedented growth during 2023 despite the various global challenges, according to a real estate report based…
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India’s Petronet gets cheaper LNG from Qatar in landmark new supply deal
Qatar agreed to reduce liquefied natural gas prices in a long-term contract with Indian company Petronet LNG Ltd., part of…
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TotalEnergies posts record annual profit at $21.4 bln, ahead of global peers
French group TotalEnergies reported on Wednesday the highest profit of its history for 2023, underpinned by performances in its liquefied…
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Lebanon allows bank depositors to withdraw $150 a month from some ‘old’ accounts
A Lebanese central bank circular published on Saturday allows monthly withdrawals of $150 from some accounts opened by depositors after…
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Russia closely ‘monitoring’ impact of Red Sea crisis on energy markets
Russia is closely following the spillover of tensions in the Red Sea onto the global energy market, a top Moscow official…
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Saudi Arabia’s Vision 2030 unleashes economic potential beyond oil sector
Saudi Arabia continues to witness significant economic transformation thanks to Vision 2030 that aims to reduce oil dependence and diversify the economy.…
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In pre-election budget, India seeks to boost infrastructure spending, curb deficit
India’s government will increase infrastructure spending by 11 percent in the coming financial year and curb its fiscal deficit, the…
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Dubai’s Tecom Group to expand office portfolio as city defies slump
One of Dubai’s largest office landlords is planning to expand its portfolio as the Middle East’s business hub continues to…
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Tesla to hold shareholder vote to incorporate in Texas, says Musk
Tesla Inc. will hold a shareholder vote to decide whether to move the state of its incorporation to Texas, co-founder…
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