Economy
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UBS completes Credit Suisse takeover to become wealth giant
UBS on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss…
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Saudi Arabia announces billions of dollars in investment deals at Arab-China summit
Saudi Arabia announced on Sunday billions of dollars in investment deals between China and the Arab world, on the first day of…
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Blinken hopes Ukraine offensive a ‘success’ to force Putin to talk
US Secretary of State Antony Blinken voiced hope Monday that a successful offensive by Ukraine would force Russian President Vladimir Putin into…
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Pakistan PM says first discounted Russian crude oil cargo arrives in Karachi
Pakistan’s Prime Minister Shehbaz Sharif on Sunday said the first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad…
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US retail CEOs signal rising alarm as large-scale theft eats away billions in sales
Retail executives are sounding the alarm on in-store shoplifting as theft burns a multibillion dollar hole in their balance sheets.…
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US will buy 3 million more barrels of oil for emergency reserve
The Energy Department announced Friday it planned to purchase 3 million more barrels of crude oil for the Strategic Petroleum Reserve. A…
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Watched by IMF, Pakistan to present budget amid economic, political crises
Pakistan’s government will present its annual budget to parliament on Friday needing to satisfy the IMF to have any chance…
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Egypt’s asset-sale plan may get a $2 bln boost as potential buyers eye power plant
Actis LLP and Edra Power Holdings Sdn Bhd revived their interests in buying a major Egyptian power plant, in a…
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Sharjah’s research park powers up the gaming industry
Sharjah, known for its commitment to innovation and technology, is witnessing the rapid growth of a thriving coding, gaming, and…
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Jeddah witnesses increased demand for flexible workspace solutions
Supporting the city’s dynamic business environment, employees in Jeddah are turning to co-working spaces, hotels, and retail outlets as office…
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