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Author: Steven Sahiounie
LONDON – The Bank of England’s first interest rate cut since 2020 hangs in the balance next week, with greater uncertainty than usual as key policymakers have not spoken publicly for more than two months due to rules in the run-up to July 4’s election.
The Federal Government has invested over $1.5 billion since 2020 to protect Nigeria’s oil installations and combat crude oil theft.
Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that it successfully resolved 77 percent of the mediation cases received during the first six months of 2024, achieving a significant increase over the 62 percent settled during the same period in 2023.
Vice President Kashim Shettima has implored African nations to unite in addressing climate change and social impact challenges facing the continent.
Bahrain’s non-oil exports of national origin has fallen 6% to BD894 million ($2.37 billion) in Q2 2024 compared to the same quarter in 2023. The top 10 countries accounted for 64% of the total export value.
Doha, Qatar: Qatar is bolstering its global leadership in the energy sector and developing diversification clusters to drive non-hydrocarbon economic growth.
RIYADH: Saudi Central Bank governor praised the “well-calibrated” monetary policies adopted by global financial institutions to tackle inflation and bolster the resilience of the world economy amid diverse challenges.
CAIRO: Startups from across the region and beyond have set a clear path for Saudi expansion after completing successful funding rounds.
NEW YORK/SINGAPORE: Oil prices rose slightly on Friday but remained on track for a third straight week of declines due to weak demand in China, the world’s largest crude importer, and expectations of a ceasefire deal for the Gaza war and related violence in the Middle East.
Ukraine has reached an agreement in principle with a group of foreign investors to restructure its $20 billion debt, as Kiev tries to retain access to international markets, the government has announced.
