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Economy

Markets surge 1% ahead of China, US trade deal

China Staff Writer -
US stocks hit fresh record levels on Friday after China said first phase trade talks with the US have achieved major progress and that...

Saudi Aramco inches near $2 trillion in day 2 of trading

Economy Staff Writer -
Shares jumped in trading to reach up to 38.60 Saudi riyals, or $10.29 before noon, three hours before trading closes. Shares in Saudi Aramco gained...

Sheikh Hamdan announces Dubai’s economic outlook

Economy Staff Writer -
He praised the policy of openness in Dubai and the support extended to innovative projects and entrepreneurship. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum,...

Lebanon central bank to reduce interest rates to ease crisis

Economy Staff Writer -
Authorities may also formalize lenders’ curbs on capital. Lebanon’s central bank plans to slash interest rates in an attempt to ease the country’s economic...

Trump revives Brazil, Argentina steel tariffs, swipes at Fed

Americas Staff Writer -
Move marks the first time Trump has linked tariffs explicitly to currency movements New York: President Donald Trump is reinstating tariffs on steel and...
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