BYD shares slide as China’s EV price war hits profits
Shares in Chinese electric vehicle maker BYD slid by as much as 8% on Monday after it reported a drop in profit because…
Author: A S
Egypt’s GDP Grows 4.5% in 2024-25
Egypt’s real gross domestic product grew by 4.5% in the 2024-25 financial year, up from 2.4% the previous year, Finance Minister Ahmed Kouchouk…
China Manufacturing Shrinks for Fifth Straight Month in August
China’s manufacturing activity shrank for a fifth straight month in August, an official survey showed on Sunday, suggesting producers are waiting for further…
ECB’s Lagarde Warns of Risk to World Economy Via Trump Interference on Fed
If US President Donald Trump removed Federal Reserve Chairman Jerome Powell or Fed governor Lisa Cook, then this would represent a “very serious…
Türkiye Economy Grew 4.8% in Q2, Above Expectations
Türkiye’s economy grew by 4.8% in the second quarter, above expectations despite a prolonged monetary tightening effort, official data showed on Monday. Second-quarter…
Gold Scales Four-month Peak, Silver at 14-year High
Gold hit a more than four-month high on Monday as US Federal Reserve interest rate cut bets this month and a softer dollar…
Oman Oil-Rich Efforts to Preserve Frankincense White Gold
The arid Dawkah valley is home to one of Oman’s most prized resources: not oil or gas but frankincense trees, their fragrant sap…
Kuwait Hosts GCC Ministerial Talks on Ties with Global Partners
Kuwait is scheduled on Monday to host a regular meeting of Gulf Cooperation Council (GCC) foreign ministers to review the bloc’s strategic relations…
HUMAIN Launch ‘Allam’ First Arabic AI Foundation Model
In a bold move reflecting Saudi Arabia’s rapidly accelerating digital transformation, tech company HUMAIN is preparing to launch “Allam” – a foundational artificial…
Gold Rises on Increasing Fed Rate-cut Bets, Weaker Dollar
Gold rose on Wednesday as expectations of a US Federal Reserve interest rate cut in September gained traction following mild inflation data, while…