Economy
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Dubai, Abu Dhabi see soaring off-plan deals, signaling investor confidence: JLL
Off-plan transactions in the residential markets of Dubai and Abu Dhabi continued to see a robust growth momentum in the…
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UAE classifieds website Dubizzle taps Citigroup, HSBC for IPO
Dubizzle Group, which operates classifieds websites popular with expatriates in the United Arab Emirates, is working with Citigroup Inc. and…
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Kuwait reports first fiscal surplus in nine years: Finance Ministry
Kuwait recorded its first surplus in nine years for the 2022-2023 fiscal year which ended in March, the finance ministry…
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UK billionaire Joe Lewis, Tottenham soccer team owner, charged with insider trading
British billionaire and Tottenham soccer team owner Joe Lewis has been indicted in the US on charges of slipping confidential…
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Pharma exports in India soar, despite cough syrup deaths
India’s pharmaceutical exports this fiscal year are set to grow nearly twice as fast as last year to hit sales…
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S&P lowers Bangladesh’s outlook to negative on liquidity risks
S&P Global Ratings has lowered Bangladesh’s long-term rating outlook to negative from stable, citing risks the country’s external liquidity position…
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Brent prices rise above $80 as tight oil supply counters expected rate hikes
Oil prices rose on Monday as tightening supply and hopes for Chinese stimulus underpinned Brent at well above $80 a…
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OpenAI’s Altman launches Worldcoin crypto project, along with two co-founders
OpenAI chief executive Sam Altman, along with two co-founders, launched on Monday the Worldcoin crypto project, saying they aim to…
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Non-oil focus fuels optimism for Saudi, UAE startups, investors amid global slump
Startups in the UAE and Saudi Arabia are weathering the effects of a global economic downturn and adapting to the…
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Saudi Arabia’s Rawabi Energy successfully concludes financing deal worth $1.91 bln
Rawabi Energy and its subsidiaries announced on Sunday the successful conclusion of one of the largest private sector syndicated financing…
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