Economy

Saudi Arabia finalizing plans for ‘substantial’ aircraft order

The Saudia Group, which includes national airline Saudia and low-cost carrier Flyadeal, is advancing with plans to make a “substantial”…

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Iraq devalues its currency as Iran-US war disrupts oil shipping routes

Iraq devalued its currency Wednesday, changing the official exchange rate from around 1,300 dinars to the US dollar to 1,500…

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Syria set to emerge as Hormuz bypass option for Iraq’s crude oil

Syria is set to provide a route for Iraqi crude exports to avoid the hazardous Strait of Hormuz, with a…

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Paramount takes over Warner Bros in $110bn Hollywood merger

Paramount Skydance has officially taken over Warner Bros Discovery in a $110bn merger that is set to reshape Hollywood and…

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Asos confirms hackers sent ‘unauthorised’ notification to app users

Asos says it is investigating “unauthorised activity” involving third-party platforms it uses after customers received a notification from its app…

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Finland orders halt to work on two Google data centres

Finnish authorities have ordered a halt to building work at two planned Google data centres amid concerns over the clearance…

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US EIA hikes oil price forecasts again as Iran war drains global stockpile

The US Energy Information Administration raised its oil price forecast for this year and next year on Tuesday, as global…

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Oman carries out medical evacuation for crew members of oil tanker

Oman carried out a medical evacuation for 10 crew members of Panama-flagged oil tanker On Peace, which was attacked near…

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EVs outsell gas and diesel cars in Europe for the first time

August 2026 marks the first month in which EVs outsell gas and diesel cars in Europe for the first time…

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Iranian oil minister quits, replaced by oil executive

Iran’s Oil Minister Mohsen Paknejad has resigned and been replaced by the country’s top oil executive, the president’s office said…

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