Economy
-
Bahrain’s economic growth hits fastest in almost a decade, fueled by non-oil sector
Bahrain’s economy grew at the fastest pace since 2013 last year, fueled by an acceleration in non-oil growth, according to…
Read More » -
New bail agreement reached between Sam Bankman-Fried, US prosecutors
Lawyers for Sam Bankman-Fried said they reached an agreement with US prosecutors on Monday on revised bail conditions, after a judge raised…
Read More » -
Global Investments in renewable energies must quadruple to meet climate target: IRENA
Global investments in energy transition technologies must more than quadruple annually to stay in line with commitments made under the…
Read More » -
World Bank warns of ‘lost decade’ as growth slows following COVID-19, Ukraine
The global economy’s potential growth through the end of the decade has slowed to the weakest in 30 years, the…
Read More » -
UAE central bank sees 4.3 percent economic growth in 2024: Report
The United Arab Emirates’ central bank expects the country’s gross domestic product (GDP) to increase by 4.3 percent in 2024,…
Read More » -
Silicon Valley Bank: Collapsed US lender bought by rival
The assets and loans of collapsed US lender Silicon Valley Bank (SVB) are being bought by rival First Citizens BancShares.…
Read More » -
Oman’s OQ seeks bookrunners for gas pipelines IPO, sources say
Oman’s OQ Gas Network, the pipelines business of the sultanate’s state oil giant OQ, has invited banks to pitch for…
Read More » -
Zhejiang Petrochemical to sell 10 percent stake in Rongsheng Petrochemical to Aramco
Chinese private refiner Zhejiang Petrochemical has agreed to sell 1 billion shares in its trading arm, Rongsheng Petrochemical, to Saudi…
Read More » -
Al Ansari owners raise $210 million in Dubai’s first IPO of 2023
The owners of remittance and money exchange firm Al Ansari Financial Services raised 773 million dirhams ($210 million) after pricing…
Read More » -
Abu Dhabi’s Presight AI soars on market debut
Shares in Abu Dhabi big data analytics company Presight AI climbed as much as 176 percent on their stock market…
Read More »