Economy
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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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IMF, Egypt reach initial deal, pound to undergo swift devaluation
Egypt has reached a preliminary agreement with the International Monetary Fund (IMF) on a revised loan, a government official said…
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Saudi Arabia eyes reviving multibillion dollar Aramco share sale
Saudi Arabia is considering plans to revive a follow-on offering in Aramco as soon as February, in a multibillion-dollar deal…
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Gold demand to hit record again this year: World Gold Council
Total gold demand hit a record last year and is expected to rise again in 2024 as the Federal Reserve…
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Starbucks cuts annual sales forecast due to Israel-Hamas conflict, warns of weak Q2
Starbucks SBUX.O cut its annual sales forecast on Tuesday as the Israel-Hamas war hurt its Middle East business, while warning…
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Delaware judge invalidates Elon Musk’s ‘unfathomable’ $56 bln Tesla pay package
A Delaware judge tossed out Elon Musk’s record-breaking $56 billion Tesla pay package on Tuesday, calling the compensation granted by…
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