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Oil prices rise more than 10% after Saudi plant attacks

Economy Staff Writer -
The attack by Houthi rebels in neighbouring Yemen hit two sites owned by state-run Aramco Hong Kong:  Oil prices saw a record surge Monday after attacks...

General Motors workers to strike for first time in 12 years

Economy Staff Writer -
The strike that took effect at midnight may cost GM about $50 million a day in earnings The United Auto Workers union called its...

UAE investors set to inject $10 billion into Bangladesh economy

Economy Staff Writer -
Bangladesh Economic Forum will kick-off in Dubai on September 15 DUBAI: A number of UAE business groups are set to invest $10 billion (Dh36.7 billion)...

Iran signs $440 million deal to develop gas field in tense Gulf

Economy Staff Writer -
Oil Minister Bijan Namdar Zanganeh said the deal reached between two government-owned firms, Pars Oil and Gas Company and PetroPars, to develop the Balal...

India’s growth ‘much weaker’ than expected, still much ahead of China: IMF

Economy Staff Writer -
The International Monetary Fund (IMF) has cut its projection for India’s economic growth by 0.3 percentage points to 7 per cent for the fiscal...
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About $100 billion erased: how the world’s richest lost—and then regained—their wealth since the war began.

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The UAE remains consistently ranked among the world’s leading...

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