Economy
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Saudi chemical firm Sabic says inflation hurting industry’s recovery, net income down
The world’s biggest chemicals maker reported worse-than-expected earnings and said the global market remained fragile. Saudi Basic Industries Corp. made…
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Iraq’s crude production fell more than 6 percent in April: Source
Iraq produced 3.938 million barrels per day (bpd) of crude in April, down 262,000 bpd from March, a source at state-owned crude…
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Oil falls 4 pct to five-week low on US default worries, weak economic data
Oil prices sank 4 percent to a five-week low on Tuesday along with a drop in Wall Street stocks on…
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Jump in UBER shares amid rising demand for ride saving app
Uber shares rocketed higher early Tuesday after the ride-hailing and delivery company reported a jump in revenues amid rising demand.…
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Disney, Amazon, META: Firms across the US slash jobs
US companies from Amazon.com Inc and Walt Disney Co to Wall Street heavyweights Goldman Sachs Group and Morgan Stanley are…
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Pakistan consumer prices hit a record 36.4 pct in April, highest in region
Pakistan consumer prices rose a record 36.4 percent in the year toApril, the highest inflation rate in South Asia, up…
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UAE energy giant ADNOC to use Ruwais instead of Fujairah for LNG export
The UAE’s state energy firm ADNOC said on Tuesday its planned liquefied natural gas (LNG) project would move forward in…
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Philippines’ airspace to shutdown for six hours on May 17 to fix electrical fault
The Philippines’ airspace will be closed for six hours on May 17 to allow the replacement of an electrical equipment…
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UAE airports experience 56.3 pct growth in Q1 with 31.8 mln passengers: Regulator
Saif Mohammed Al Suwaidi, Director-General of the General Civil Aviation Authority (GCAA), has announced that the number of passengers travelling…
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US lawmakers urge scrutiny of fashion firm Shein over forced labor reports
A bipartisan group of US lawmakers has urged securities regulators to require fashion upstart Shein to attest it does not…
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