Economy

Yellen urges G7 to unlock $350 billion in frozen Russian assets for Ukraine aid

It is “vital and urgent” for the United States and allies to find a way to tap immobilized Russian assets in…

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UAE oil giant buys into NextDecade LNG in first US deal

The United Arab Emirates’ main oil company bought a stake in NextDecade’s natural gas export project in Texas, in a first US…

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Trump’s Boeing 757 wing collides with corporate jet at Florida airport

The wing of former US President Donald Trump’s plane, a Boeing 757, hit a corporate jet while taxiing at West Palm…

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Brookfield, Qatar wealth fund eye China opportunities as others retreat

Brookfield Asset Management Ltd. and Qatar’s sovereign wealth fund continue to explore investment opportunities in China even as some other investors pull…

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Pakistan unveils broader privatization plan for state-owned enterprises

Pakistan will privatize all state-owned enterprises, with the exception of strategic entities, Prime Minister Shehbaz Sharif announced on Tuesday, broadening its…

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Saudia eyes global expansion and augmented fleet as brand value soars

As Saudi Arabia looks to become one of the world’s most-visited destinations, the country’s flag-carrier Saudi Arabian Airlines (Saudia) has…

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North Korea laundered $147.5 million in stolen cryptocurrency: UN

North Korea laundered $147.5 million through virtual currency platform Tornado Cash in March after stealing it last year from a cryptocurrency…

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Dubai’s Emirates Group reports record $5.1 billion in annual profit

Dubai’s Emirates Group announced annual profits of $5.1 billion on Monday, a rise of 71 percent, as the airline company set…

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Saudi aviation authority to unveil new plans at Future Aviation Forum next week

Saudi Arabia’s General Authority of Civil Aviation (GACA) is set to unveil its General Aviation Roadmap during the upcoming Future…

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Iraqi oil ministry signs Basra oil field development deal with Iraqi-Chinese venture

The Iraqi oil ministry said on Sunday it signed a Heads of Agreement (HOA) with an Iraqi-Chinese joint venture to…

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