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Arab News: Economy

  • newOil recoups losses as OPEC, US Fed see robust economy

    Oil recoups losses as OPEC, US Fed see robust economy

    Author: Thu, 2019-11-14 00:09LONDON: Oil prices reversed early losses on Wednesday after the Organization of the Petroleum Exporting Countries (OPEC) said it saw no signs of global recession and rival US shale oil production could grow by much le…
    - 1 hour ago, 13 Nov 19, 4:15pm -
  • newAutomakers expect Trump will delay decision on imposing EU, Japan tariffs

    Automakers expect Trump will delay decision on imposing EU, Japan tariffs

    Wed, 2019-11-13 22:57Major automakers think US President Donald Trump will again this week push back a self-imposed deadline on whether to put up to 25 percent tariffs on national security grounds on imported cars and parts from the EU and Japan am…
    - 3 hours ago, 13 Nov 19, 3:00pm -
  • newRising health care costs power US consumer inflation

    Rising health care costs power US consumer inflation

    Author: Wed, 2019-11-13 22:54WASHINGTON: US consumer prices jumped by the most in seven months in October, which together with abating fears of a recession, support the Federal Reserve’s signal for no further interest rate cuts in the near term.…
    - 3 hours ago, 13 Nov 19, 2:57pm -
  • newPortugal to raise minimum wage to $700, still lowest in western Europe

    Portugal to raise minimum wage to $700, still lowest in western Europe

    Author: Wed, 2019-11-13 22:44LISBON: Portugal’s minority Socialist government presented on Wednesday a proposal to raise the monthly minimum wage by nearly 6 percent to 635 euros ($700) next year, remaining the lowest in western Europe.Prime…
    - 3 hours ago, 13 Nov 19, 2:53pm -
  • newChinese buyout marks new chapter in British Steel history

    Chinese buyout marks new chapter in British Steel history

    Author: Wed, 2019-11-13 22:34LONDON: A Chinese buyout marks a new chapter in the tumultuous history of steelmaking in the UK, which has been characterized by nationalization, privatizations and recurring crises.Despite having an economy dominat…
    - 3 hours ago, 13 Nov 19, 2:39pm -
  • newAlibaba-backed EV startup XPeng raises $400m for growth

    Alibaba-backed EV startup  XPeng raises $400m for growth

    Author: Wed, 2019-11-13 22:32HONG KONG, BEIJING: Chinese electric vehicle (EV) manufacturer XPeng, backed by Alibaba Group Holding Ltd., said on Wednesday it has raised $400 million from investors including Xiaomi Corp. to fund its growth.Sourc…
    - 3 hours ago, 13 Nov 19, 2:34pm -
  • newSaudi consumers give online retailer AliExpress boost in Middle East market

    Saudi consumers give online retailer AliExpress boost in Middle East market

    Author: Zaynab KhojjiID: 1573659565047435500Wed, 2019-11-13 18:36DUBAI: Due to the increasing amount of purchases from the region, the Chinese e-commerce AliExpress has started offering several new services.The growing demand came specifically…
    - 7 hours ago, 13 Nov 19, 10:49am -
  • newSaudi Arabia and Virgin Hyperloop One sign deal to exchange scientific and technological knowledge

    Saudi Arabia and Virgin Hyperloop One sign deal to exchange scientific and technological knowledge

    Wed, 2019-11-13 18:23RIYADH: US-based Virgin Hyperloop One (VHO) recently signed a memorandum of understanding with Saudi Arabia’s King Abdullah University of Science and Technology (KAUST) to in a project to develop the Kingdom’s transport sec…
    - 7 hours ago, 13 Nov 19, 10:27am -
  • newAmid unrest, Sudan’s bourse maps out expansion plans

    Amid unrest, Sudan’s bourse maps out expansion plans

    Wed, 2019-11-13 17:17KHARTOUM: In the small basement of a two-story building next to Khartoum’s central bus station, around 40 smartly dressed men and women gather around terminals for an hour a day with one eye on the future of Sudan’s fledgli…
    - 8 hours ago, 13 Nov 19, 9:29am -
  • newGoogle to offer checking accounts next year

    Google to offer checking accounts next year

    Author: ReutersID: 1573653439375948800Wed, 2019-11-13 13:37SAN JOSE, California: Alphabet Inc’s Google will offer personal checking accounts from sometime next year in partnership with Citigroup Inc. and a small credit union at Stanford Universit…
    - 8 hours ago, 13 Nov 19, 9:25am -

fDiIntelligence: Middle East & Africa

Financial Times: Middle East Home

IBT: Middle East

The Economist: Middle East and Africa

  • Iran’s nuclear programme takes a dangerous step
    THE FORDOW nuclear plant in northern Iran would make an ideal lair for a Bond villain. Russian-made surface-to-air missiles guard the skies around it. The facility itself is buried under a mountain. Several hundred feet down, in two cavernous halls,…
    - 6 days ago, 7 Nov 19, 11:08am -
  • How Jerusalem is dealing with a grave shortage
    WALKING THROUGH the Minharot Olam (Perpetual Tunnels) project in Jerusalem is like navigating a massive honeycomb. The developers have cut a mile (1.6km) of tunnels through the earth that are over 50ft (16 metres) high. Some are 18 storeys below grou…
    - 6 days ago, 7 Nov 19, 11:08am -
  • Saudi Arabia should listen to critics of its reform programme
    INSIDE AN ORNATE conference hall the boss of a $100bn tech fund spoke to rows of empty chairs. Then he briefly fell asleep. Outside the hall Anthony Scaramucci, the colourful financier who lasted ten days as Donald Trump’s communications director,…
    - 6 days ago, 7 Nov 19, 11:08am -
  • English-speaking villages are burning in Cameroon
    ON A PLANTATION in Tiko, in south-west Cameroon, Adeline rubs the gap in her right hand where her index finger used to be. She arrived in the town in July 2018, having fled Ekona, 15 miles away. In that village soldiers terrified civilians by burning…
    - 6 days ago, 7 Nov 19, 11:08am -
  • Guinea-Bissau, Africa’s most famous narco-state, goes to the polls
    NEAR THE port of Bissau, the capital of Guinea-Bissau, one of Africa’s smallest states, is a neglected monument to past rebellion. A giant fist of black steel commemorates striking dockers gunned down by Portuguese soldiers in 1959. The strike—an…
    - 13 days ago, 31 Oct 19, 12:02pm -
  • Islamic State after the death of Abu Bakr al-Baghdadi
    AS ITS SO-CALLED caliphate expanded across Syria and Iraq, Islamic State (IS) promised its followers an apocalyptic battle to come. Eager jihadist propagandists predicted that a final victory over the “crusader armies” would usher in the day of j…
    - 13 days ago, 31 Oct 19, 12:02pm -
  • Ethnic violence threatens to tear Ethiopia apart
    EVERY WINDOW of the factory on the outskirts of Adama is smashed. On the side of the road are the scorched remains of a bus and lorries torched by angry young men last week. This scene of mob violence, just 75km from Addis Ababa, the capital, is one…
    - 13 days ago, 31 Oct 19, 12:02pm -
  • Protests in Iraq are met with violence
    IF IT WERE not for the flags being waved, it would be difficult to tell the difference between the protests in Lebanon and those in Iraq. In Baghdad, as in Beirut, masses of people have taken to the streets, angry over corruption, poor governance an…
    - 14 days ago, 30 Oct 19, 4:21pm -
  • Saad Hariri, the prime minister of Lebanon, steps down
    AFTER NEARLY two weeks of nationwide protests, the demonstrators in Lebanon claimed their first scalp. On October 29th the prime minister, Saad Hariri, said he had reached a “dead end” trying to deal with their demands over corruption and the st…
    - 15 days ago, 29 Oct 19, 4:32pm -
  • South Africa’s main opposition party implodes
    IN SOUTH AFRICAN politics it is a feat to make the African National Congress (ANC) look harmonious. Yet over the past week the Democratic Alliance (DA), the country’s main opposition party, has done just that. On October 20th Helen Zille, its outsp…
    - 20 days ago, 24 Oct 19, 10:55am -

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