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Jack DuttonVice |
PARIS — Gulf banks have more liquidity right now compared to many of their foreign peers mainly due to the higher interest rates in Europe and...
Some 127 international companies have relocated their regional headquarters to Saudi Arabia over the first quarter of 2024, according to a new report,...
The United States is reportedly slowing down artificial intelligence chip exports to Middle Eastern countries, including Saudi Arabia, where a...
The United Arab Emirates has been the main destination for tens of billions of dollars worth of gold smuggled out of Africa each year for the last...
The United Arab Emirates and South Korea signed a trade deal on Wednesday that removes tariffs on more than 90% of all imports between the two...
Prince Alwaleed bin Talal, a high-profile Saudi investor, and his business Kingdom Holding Company have invested in Elon Musk’s $24 billion startup...
Goldman Sachs has reportedly become the first Wall Street bank to obtain a license to open a regional headquarters in Saudi Arabia, as the kingdom...
US Treasury Secretary Janet Yellen has warned Israel not sever its banks ties to Palestinian lenders, saying such a move would take essential services...
Abu Dhabi National Oil Company has made its first foray into Mozambique after acquiring a 10% stake in Galp’s Area 4 natural gas concession in the...
Huawei Technologies has launched an Arabic large language model (LLM) and Egypt’s first public cloud service in Cairo, the Chinese telecoms giant...
High-profile human rights lawyer Amal Clooney published an expert report Monday supporting the International Criminal Court prosecutor’s earlier...
Saudi Arabia’s Crown Prince Mohammed bin Salman has canceled a four-day planned trip to Japan that was scheduled for this week amid concerns about...
Dubai has topped the global list of cities for the most "greenfield" foreign direct investment for the third year running, according to new...
ANKARA — Turkish Foreign Minister Hakan Fidan said Tuesday that Turkey and Greece reached an understanding in principle over...
Saudi Arabia remains “conservative” when it is forecasting its revenues from oil, its main commodity, the kingdom’s finance minister, Mohammed...
Turkey announced a three-year austerity program on Monday to cut public spending to tame inflation, which reached nearly 70% year-on-year in April...
Dubai has been named one of the world’s richest cities and the wealthiest in the Middle East, with the number of millionaires surging by nearly 80%...
Americana Restaurants, the Middle East franchisee of fast-food chains, including KFC and Pizza Hut, on Monday said its profit halved for the first...
The floods that brought the United Arab Emirates to a standstill last month have taken a toll on the country’s non-oil economic growth, which...
US coffee and fast-food outlets Starbucks, McDonald's and KFC continue to see the boycotts over the Gaza war affect their businesses, with lower than...
US Secretary of State Antony Blinken on Tuesday called for the redoubling of efforts to bring aid into Gaza as he held talks in Jordan on...
LONDON — RedBird IMI has withdrawn its offer to buy the UK newspaper conglomerate Telegraph Media Group, which includes the eponymous broadsheet...
The United Arab Emirates and Ukraine have concluded negotiations for a bilateral trade deal, the two countries said in a joint statement Monday....
Bahrain-headquartered investment firm Investcorp and sovereign wealth fund China Investment Corporation (CIC) have launched a $1 billion platform to...
This week, the European Union (EU) announced a relaxation of Schengen visa rules for the citizens of Bahrain, Oman and Saudi Arabia, making it much...
France’s TotalEnergies has become the latest energy company to tap into Oman’s bountiful liquified natural gas (LNG) supplies, after Turkey’s...
World leaders appealed for calm Friday after reported Israeli retaliation against Iran added to months of tense spillover from the war in Gaza, with...
The Emirates airline suspended check-ins again for all of Friday, impacting thousands more vacationers, following devastating floods across the United...
Tech giant Google fired 28 of its employees on Wednesday after they staged a sit-in protest over Israel's Google Cloud contract. The news comes after...
Heavy thunderstorms hit the United Arab Emirates and the wider Gulf region on Monday and Tuesday as the desert city of Dubai was drenched in more than...
LONDON — Britain’s biggest low-cost airline easyJet on Tuesday suspended all flights to Israel for the next six months, citing the “situation in...
LONDON — Britain’s biggest low-cost airline easyJet on Tuesday suspended all flights to Israel for the next six months, citing the “situation in...
Microsoft’s $1.5 billion investment into the UAE-based artificial intelligence company G42 was the byproduct of closed-door negotiations between the...
Commercial flights across the Middle East remained severely disrupted on Monday after Iran launched an unprecedented drone and missile attack on...
The European Union has mobilized another €1 billion ($1.06 billion) in aid to Egypt, to help the country’s struggling economy recover. This latest...
Germany's flagship airline on Thursday extended its suspension of flights to Tehran amid escalating security concerns in the Middle East driven by an...
The Iraqi government is planning to repair and reopen a pipeline in the Kurdistan Region that could allow it to export 350,000 barrels per day to...
Street battles raged Thursday near a hospital in besieged Gaza, where the dire humanitarian crisis and surging death toll have caused tensions between...
Saudi Arabian private equity investment hit an all-time high of $4 billion in 2023 amid a trend in rising company buyouts by investors in the kingdom....
The Swiss financial regulator found that Banque Audi (Suisse) SA, a Switzerland-based subsidiary of a Lebanese banking group, breached its obligations...
The Middle East and North Africa (MENA) saw a 23% drop in venture capital (VC) funding deployed in 2023, according to a new report, with Bahrain,...
The United Arab Emirates is increasing its push to acquire African mineral resources, scrambling against China, Saudi Arabia and others to secure...
Saudi Arabia is to create a $40 billion fund to invest in artificial intelligence (AI), according to a report published Tuesday, as the kingdom looks...
Saudi Arabia has launched an incentive package worth 685 million Saudi riyals ($182 million) for mining investors in the kingdom, along with several...
LONDON/ANKARA — Turkey and the United Kingdom announced Thursday they will kick off official talks in June for a new free trade deal, following a...
LONDON/ANKARA — Turkey and the United Kingdom announced Thursday they will kick off official talks in June for a new free trade deal, following a...
The UAE has signed a €5 billion ($5.5 billion) deal with the Hungarian government to redevelop a Budapest neighborhood, weeks after the Gulf state...
The European Union is preparing a €7.4 billion ($8.08 billion) aid package to help Egypt’s economy amid fears that conflicts in neighboring Gaza...
The first day of Ramadan on Monday arrived like others for Palestinians in war-ravaged Gaza: stalked by famine and disease, shivering in tents and...
Saudi Aramco reported a decline in profits Sunday while saying that it intends to invest more in China, where it sees much of the future oil demand. ...
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