Economy
-
Dubai’s luxury property market is closing in on New York, LA
Dubai is the world’s busiest luxury property market behind New York, Los Angeles and London after a deluge of wealthy investors flocked…
Read More » -
Saudi Aramco near deal to join Renault-Geely car venture
Saudi Aramco is nearing a deal to acquire a stake in Renault SA and Zhejiang Geely Holding Group Co.’s planned…
Read More » -
TotalEnergies buys CEPSA’s upstream assets in Abu Dhabi
French oil company TotalEnergies said on Wednesday it had agreed to buy the upstream assets in the United Arab Emirates…
Read More » -
Wizz Air Abu Dhabi adds new aircraft, routes to Central Asia, Europe, and Africa
Wizz Air Abu Dhabi is ramping up operations to meet the high demand and expanding its sustainable fleet. With nine…
Read More » -
FlyDubai announces record profit as Gulf air travel booms
Budget carrier FlyDubai announced record profits on Wednesday, benefitting from a surge in air travel following the lifting of pandemic…
Read More » -
Citigroup CEO says clients are shifting supply chains away from China
Citigroup Inc.’s clients are shifting supply chains away from China in a trend that is likely to last for years,…
Read More » -
India’s Adani secures $3 billion credit from Middle East wealth fund: Report
India’s Adani Group has told creditors it has secured a $3 billion loan from a sovereign wealth fund, two sources…
Read More » -
General Motors cutting hundreds of jobs to reduce costs
General Motors Co is cutting hundreds of executive-level and salaried jobs as it looks to cut costs and streamline operations,…
Read More » -
Aramco, Sonatrach cut March OSPs for propane by 9-11 percent vs Feb
Saudi Arabia’s state oil producer Aramco and Algeria’s Sonatrach lowered March official selling prices (OSPs) for propane by 9-11 percent…
Read More » -
Adani CFO says not seeking refinancing, capital plans at roadshow in Hong Kong
Adani Group isn’t seeking to refinance debt or inject capital, its fi-nance chief said on the sidelines of an investor…
Read More »