Gulf economies to slow this year on sluggish oil demand
Economies in the six-member Gulf Cooperation Council (GCC) will grow this year at half the rate of 2022 as oil revenues take a hit from...
Middle East
Qatar Investment Authority raises stake in Credit Suisse to just under 7 per cent
Qatar’s sovereign wealth fund has increased its stake in Credit Suisse (CSGN.S) to just under 7 per cent, becoming the Swiss bank’s second-largest shareholder after...
Elon Musk, at trial, says he was sure Saudis backed taking Tesla private
Elon Musk testified on Monday that he was sure he had backing from Saudi financiers in 2018 to take Tesla Inc (TSLA.O) private, as he...
EU agrees new Iran sanctions, won’t label Guards ‘terrorist’ yet
The European Union on Monday introduced new sanctions against Iran for a “brutal” crackdown on protests, but the bloc’s top diplomat said the country’s Revolutionary...
World Court says it has received UN request for opinion on Israel occupation
The International Court of Justice on Friday confirmed it had officially received a request from the United Nations General Assembly to give an advisory opinion...
UAE companies explore production of sustainable aviation fuel with BP
United Arab Emirates renewable energy company Masdar, state oil firm Abu Dhabi National Oil Company and oil major BP agreed to conduct a joint feasibility study...
Lebanon says it will pay UN dues after losing voting rights
Lebanon will pay arrears to the United Nations to regain its rights at the world body, its foreign ministry said on Friday, after the country,...
Renault, Geely look to bring Aramco into engine venture
Renault SA (RENA.PA) and China’s Geely Automobile Holdings (0175.HK) are working to finalize a deal to bring Saudi Arabian state oil producer Aramco (2222.SE) in...
Bank of Israel worried looser fiscal policy could stop inflation from easing
Bank of Israel policymakers expressed concern that the new government will boost spending too much and harm its ability to return inflation to its 1-3...
Iran executes British-Iranian national, UK condemns ‘barbaric’ act
Iran has executed a British-Iranian national who once served as its deputy defence minister, its judiciary said on Saturday, defying calls from London for his...
