#business

Lebanon’s caretaker cabinet on Wednesday approved a decision to waive TotalEnergies’ (TTEF.PA) 40 per cent stake in a consortium to explore the country’s maritime Bloc 9. TotalEnergies was leading ...

Bahrain’s finance minister said on Wednesday that the Gulf countries need to build their production and export capabilities in order to transform their economies, since the majority of their ...

Oil prices eased on Wednesday after industry data showed US crude stockpiles rose more than expected, though supply worries capped losses. Brent crude futures for December fell $1.03, or 1.1 per cent, ...

Finance Minister Constantinos Petrides on Wednesday said the decision on a possible foreclosure suspension now lies with the House, warning, however, that amidst rising rates, there is a danger that ...

Deutsche Bank (DBKGn.DE) on Wednesday posted a better-than-expected jump in third-quarter profit as a trading boom at its investment bank offset a nosedive in dealmaking, but executives highlighted risks ...

“Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform. The reality, according to internal Twitter (TWTR.N) research seen by ...

The global economy is approaching a recession as economists polled by Reuters once again cut growth forecasts for key economies while central banks keep raising interest rates to bring down ...

Egypt’s petroleum minister confirmed on Tuesday a framework agreement had been reached to develop the Gaza Marine gas field offshore Gaza and talks were under way to conclude a ...

Cypriot mining company Venus Minerals on Tuesday released a statement explaining that Cyprus can help the European Union achieve its raw material strategic objectives by providing it with copper. “The ...

As a developed nation, you know your currency’s in a spot of bother when investors start to hedge with bitcoin. After Britain’s brief Prime Minister Liz Truss unleashed ...

There was an increase of more than €19.5 million in the cost of overtime and allowances paid by the Republic of Cyprus in 2021, after the relaxation of restrictive measures that had ...

The Tel Aviv Stock Exchange (TASE) (TASE.TA) said on Monday it would reshape its ownership structure and also create a blockchain platform to allow more trading of crypto currencies ...

Microsoft Corp (MSFT.O) is stocking up on Chinese video game content to emulate Sony Group Corp’s (6758.T) success with “Genshin Impact”, sources said, solidifying China’s transition from ...

TechIsland, a non-profit association, on Tuesday, announced the launch of a new initiative, which ranks as an important milestone for the development of Cyprus’ technology and startup ecosystem. On Wednesday, ...

For more than a decade since the global financial crisis, central bankers pumped trillions of dollars of cheap money into the financial system to keep the economy afloat. Now that ...

Germany, Europe’s biggest economy and historically a major importer of Russian gas, is scrambling to secure alternative supplies following a plunge in flows from Russia since its invasion of ...

Oil prices rose on Tuesday as the US dollar eased against major peers but gains were limited by worries of slowing global fuel demand growth amid bearish economic data from ...

Alphabet Inc’s Google (GOOGL.O) and Israel’s Reichman University have set up a school to train high-tech professionals, offering courses in computer programming, sales and data analysis among ...

Egypt will develop a new currency indicator partly to wean people off the idea that the Egyptian pound should be pegged to the US dollar, the new central bank governor ...

Saudi Arabia is in advanced negotiations to order almost 40 A350 jets from Europe’s Airbus (AIR.PA) as part of strategic efforts to launch a new airline and challenge heavyweight ...

Toyota (7203.T) is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing ...

Abu Dhabi sovereign wealth fund ADQ has invested $125 million in the debut fund launched by Aliph Capital, the Middle East’s first female-led private equity firm. The investment announced by ...

Oil prices slid 2 per cent on Monday after Chinese data showed that demand from the world’s largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel ...

The euro zone is likely entering a recession with business activity contracting at the fastest pace in nearly two years this month as the cost-of-living crisis keeps consumers cautious and ...