UAE sees steady August PMI growth as Kuwait, Egypt contract
Business activity across Middle Eastern and North African economies showed mixed trends in August, with the UAE leading growth while Kuwait and Egypt recorded contractions,…
Tag: BUSINESS
Saudi Arabia Sells $5.5 Billion in Dual-tranche Sukuk Sale Strong Demand
Saudi Arabia continues to assert its position as a financial powerhouse in international markets, as its latest issuance of dollar-denominated Islamic bonds, or sukuk, witnessed…
Egypt’s Net Foreign Assets Jump to a Record $18.5 Billion in July
Egypt’s net foreign assets rose by $3.54 billion in July to a record $18.5 billion, central bank data showed, as Gulf investments, a currency devaluation…
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 danger for…
In India, Trump’s Tariffs Spark Calls to Boycott American Goods
From McDonald’s and Coca-Cola to Amazon and Apple, US-based multinationals are facing calls for a boycott in India as business executives and Prime Minister Narendra…
Nvidia and AMD to pay 15% of China chip sales to US
Chip giants Nvidia and AMD have agreed to pay the US government 15% of Chinese revenues as part of an “unprecedented” deal to secure export…
Tesla Sales Fall More Than Half in Two of Europe’s Biggest Car Markets
Tesla’s new car registrations in Britain and Germany, Europe’s biggest auto markets, more than halved in July from a year earlier, despite growth in the…
Saudi Banking Sector Posts Highest Quarterly Profits in Its History
Saudi Arabia’s banking sector has achieved record-breaking quarterly earnings, reporting its highest-ever profits during the second quarter of 2025. According to financial disclosures, profits surged…
US-China talks restart as hopes grow for trade war truce extension
The US and China are due to start a fresh round of talks on Monday as expectations grow that the world’s two biggest economies could…
UK, India conclude $34bn trade agreement after lengthy talks
Britain and India are set to sign a landmark free trade agreement (FTA) during Indian Prime Minister Narendra Modi’s visit to the United Kingdom on…