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Global trade slips in May as container shipping congestion reaches North Sea
Global trade dipped 1 per cent in May from the previous month as container shipping congestion and delays stretched to European ports in...
Mubadala and EQT to buy global pharmaceutical supply chain solutions company Envirotainer
Mubadala Investment Company, Abu Dhabi’s strategic investment arm, and EQT Private Equity have agreed to acquire Envirotainer, a global...
Fraudulent transactions worth $1.5bn blocked on App Store in 2021
Apple said it stopped fraudulent transactions worth about $1.5 billion on its App Store in 2021, as it continues to rein in potential...
Ex-employee of NFT marketplace OpenSea arrested for insider trading
A former employee of OpenSea, the world’s largest marketplace for non-fungible tokens (NFTs), has been arrested on charges of insider...
JP Morgan boss warns US is approaching economic 'hurricane'
Jamie Dimon, chairman and chief executive of JP Morgan Chase, described the challenges facing the US economy as akin to a “hurricane”...
Riyadh property prices rise at fastest pace in five years
Property prices in Saudi Arabia's capital Riyadh rose at their fastest pace in at least five years, according to a new report. Apartment...
Has gold lost its shine as a safe haven against inflation?
Arguably the biggest shock of this turbulent year for investors is that the gold price is not going through the roof. After surging at...
What young entrepreneurs need to do to achieve success
A relative of mine pointed out how impatient I was in my younger days. “The problem with your generation,” she would say, “is that you...
Middle East assets under management set to grow after 52% gain
Assets under management in the Middle East, which increased 52 per cent over the past three years, are set to grow further as oil and gas...
Global economy on the brink of recession, IIF says
The global economy is "teetering on the brink of recession" as the war in Ukraine, Covid-19 lockdowns in China and a hawkish US Federal...
Saudi Arabia's oil revenue expected to rise 66% to $249bn
Saudi Arabia’s oil revenue is expected to jump about 66 per cent this year to about $249 billion amid surging crude prices that will...
Adnoc makes new oil discoveries at Bu Hasa, Onshore Block 3 and Al Dhafra
Abu Dhabi National Oil Company has made new oil discoveries at Bu Hasa, the emirate’s biggest onshore field, as well as at the onshore...
A 12-month wait for a Ford Fiesta and Europe’s car-supply crisis
Since it was first produced in 1976, the Ford Fiesta has regularly topped bestseller charts because of its affordability, availability...
Why did Terra and Bitcoin crash and are cryptocurrencies rebounding now?
“Meltdown”, “turmoil”, “financial disaster”. It has been quite a week for the world of cryptocurrencies as markets plummeted and the...
India's Tata Group plans manufacturing push into chips and EV batteries
India’s Tata Group is planning a foray into semiconductor manufacturing as the coffee-to-cars conglomerate seeks to mitigate the pain...
Jeff Bezos loses $20.5bn to drop to third place on Forbes' wealthy list
Amazon founder Jeff Bezos slipped to third place in the Forbes' Real-Time Billionaires List with his net worth dropping to $150.1 billion...
Why the clean energy transition is not suffering from a lack of resources
The world isn’t cutting greenhouse gas emissions with anything like the speed required to avoid the most dangerous effects of climate...
Elon Musk fans solicit future Twitter jobs by tweeting at him
Although Elon Musk’s $44 billion deal to acquire Twitter is still months away from closing, some of Mr Musk’s fans are soliciting future...
UK cryptocurrency platform Fasset secures $22m Series A funding
Fasset, a platform that enables cryptocurrency trading, raised $22 million in a Series A funding round that it will use to develop new...




















