Economy

Bitcoin hits new record high of more than $75,000

Bitcoin soared to a new record high on Wednesday as traders bet on victory for Donald Trump in the US presidential…

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Majid Al Futtaim replaces Carrefour in Jordan with new ‘Arab grocery chain’

Carrefour’s Middle East franchisee Majid Al Futtaim has suspended Carrefour Jordan and is replacing it with a new brand, Hypermax,…

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US arrests Turkish man accused of violating sanctions on Venezuelan oil

A Turkish man has been arrested in Florida for allegedly violating US sanctions by conspiring to ship oil for Venezuela’s…

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Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15 pct from 2023

Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on Tuesday, down about 15 percent from last year…

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ADIPEC 2024: Princess Beatrice discusses AI role in sustainability and collaboration

At the 2024 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), British Princess Beatrice shared her insights on the pressing challenges…

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Saudi Arabia posts a Q3 revenue of $82.4 billion

Saudi Arabia’s total revenues in the third quarter stood at $82.4 billion (SR309 billion), according to numbers released by the…

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Turkey’s inflation inches down to 48.6 percent in October

Turkey’s annual inflation rate fell less than expected to 48.6 percent in October, official data showed Monday, as officials strive…

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Surging global energy demand: Key insights from ADIPEC 2024

The rapidly rising global energy demand, particularly for renewable sources, calls for collaboration and investment in various energy sectors while…

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IMF to begin review Egypt’s loan program on Tuesday

The International Monetary Fund (IMF) will begin its review of Egypt’s loan program on Tuesday, Egyptian Prime Minister Mostafa Madbouly…

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Nvidia to take Intel’s spot on Dow Jones Industrial Average

Intel will be replaced by Nvidia on the blue-chip Dow Jones Industrial Average index after a 25-year run, underscoring the…

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