Economy
-
Air Arabia reports strong first quarter net with $93.12 mln, up 17 pct
Air Arabia, the Middle East & North Africa’s first and largest low-cost carrier operator, reported on Tuesday a strong first…
Read More » -
OPEC+ additional voluntary cuts aimed to balance oil market: UAE energy minister
The United Arab Emirates’ energy minister Suhail al-Mazrouei said on Monday that additional voluntary cuts by the OPEC+ producer group…
Read More » -
India extends $1 bln credit line for Sri Lanka by a year
India has extended a $1 billion credit line for Sri Lanka by one year, a Sri Lankan official told Reuters…
Read More » -
Janet Yellen: US treasury secretary warns of debt ceiling ‘catastrophe’
US Treasury secretary Janet Yellen has warned a failure to raise the US’s debt ceiling could have dire consequences. Without…
Read More » -
World Food Program to suspend aid to Palestinians
The World Food Program (WFP) is slated to stop providing aid to thousands of Palestinian families as of June due…
Read More » -
Dubai’s growing energy commodities hub is now enticing London traders
London’s commodities merchants are following some of their Swiss peers to Dubai, as the emirate moves from being an outpost…
Read More » -
Grounded Indian airline Go Air can fly in a week if planes not seized: CEO
Go Airlines India Ltd., which went under citing Pratt & Whitney engine failures, is optimistic about resuming flights within seven…
Read More » -
Saudi Arabia’s economy grew 3.9 pct in first quarter of 2023
Saudi Arabia’s economy grew by 3.9 percent year-on-year in the first quarter of 2023, according to initial government estimates of real gross…
Read More » -
Turkey fines JPMorgan $1.7 million citing disruptive equity transactions
The Turkish securities regulator fined JPMorgan Securities PLC over alleged irregularities in stock market dealings. The regulator, known as SPK,…
Read More » -
Abu Dhabi fund Mubadala sells 7.6 percent ADIB stake to National Holding
Mubadala Investment Company, Abu Dhabi’s second biggest sovereign wealth fund, has sold its 7.6 percent stake in Abu Dhabi Islamic…
Read More »