Wall Street cools off and hopes for Fed interest rate cut grow
Wall Street lost steam to close lower on Friday, cooled down by a drop in technology shares and…
Oil set for weekly gain as investors weigh demand concerns and uncertain Russian supply
Oil prices slumped on Friday but were on track for a second weekly gain as investors weighed stagnating…
From chips to pills: How Trump tariffs could reshape global trade – for better or worse
US President Donald Trump is preparing to impose tariffs on two of the world’s most strategically important industries,…
Lebanon needs IMF for fiscal ‘discipline’ rather than $3bn loan, Carlos Ghosn says
Fugitive car tycoon Carlos Ghosn has said Lebanon needs the International Monetary Fund (IMF) to ensure fiscal discipline…
UAE exchange house has licence revoked for breaching anti-money laundering law
The UAE Central Bank has revoked the licence of Malik Exchange, an Abu Dhabi-based remittance company, for failing…
Abu Dhabi’s Mubadala closes first US energy investment with natural gas and LNG deal
Abu Dhabi’s Mubadala Energy has closed a US natural gas investment agreement by acquiring a stake in a…
US tariffs to have ‘close to zero’ effect on Saudi Arabia, IMF says
The impact of tariffs imposed by the US on Saudi Arabia is expected to be “close to zero”,…
Adnoc Gas signs 10-year LNG supply agreement with India’s Hindustan Petroleum
Adnoc Gas has signed a 10-year preliminary agreement with Hindustan Petroleum Corporation (HPCL) to supply liquefied natural gas…
Trump-Powell tension boils over as president tours Federal Reserve
US President Donald Trump and the head of the Federal Reserve, Jerome Powell, met on Thursday and disagreed…
Jerome Powell should resign to protect the Fed, economist says
Economist Mohamed El-Erian broke ranks by suggesting Jerome Powell should resign as US Federal Reserve chairman, arguing that…
Central bank demand, geopolitical tension, trade friction and US dollar weakness to support gold this year
Persistent central bank demand, geopolitical tension, sanctions, trade friction and further US dollar weakness are expected to continue…
EU votes to remove UAE from ‘high-risk’ money-laundering list
The EU has voted to remove the UAE from its list of countries that pose a high risk…