Economy
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India to spend $3.5 bln for C-295 surveillance planes from Airbus
India will buy over a dozen maritime surveillance aircraft from aviation giant Airbus SE costing an estimated 290 billion rupees…
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Saudi adds $4 bln to its US Treasury holdings by end of 2023, highest in three years
Saudi Arabia added nearly $4 billion to its US Treasury holdings by the end of last year, taking its stockpile…
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Another Egyptian currency devaluation may be on horizon amid economic crisis
Egypt remains engulfed in a severe economic crisis that has left its population of over 105 million in a state…
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US trade chief Katherine Tai looks for incremental reform at WTO meeting
US Trade Representative Katherine Tai said on Wednesday that she is taking a “pragmatic” approach to the World Trade Organization’s…
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Reforming trade dispute system at top of agenda during WTO meeting in Abu Dhabi
Ministers from across the globe are convening for a World Trade Organization meeting in Abu Dhabi between February 26-29 to…
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Bitcoin hits $50k level for first time in more than two years on ETF demand
Bitcoin hit the $50,000 level for the first time in more than two years as the world’s largest cryptocurrency was…
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Air Arabia delivers record 2023 net profit of $408 mln, up 27 pct
Air Arabia has announced on Tuesday record financial results for the full year ending December 31, 2023. The airline, the…
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OpenAI CEO warns that ‘very subtle societal misalignments’ could make AI dangerous
The CEO of ChatGPT-maker OpenAI said Tuesday that the dangers that keep him awake at night regarding artificial intelligence are…
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Britain’s tea supply facing disruption from Red Sea crisis
Britons may have to brave a shortage of some lines of tea, one of the nation’s favorite drinks, after the…
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Iraq to stick to OPEC decisions, will not produce more than 4 mln bpd: Minister
Iraq is committed to OPEC decisions and after its second voluntary cut announced in December it is also committed to…
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