Author: Steven Sahiounie

ABU DHABI: Abdullah bin Touq Al Marri, Minister of Economy, said that preliminary data for the UAE’s 2023 GDP showcases positive growth trends across various indicators, including key sectors crucial to the national economy, as outlined by the Federal Competitiveness and Statistics Centre.

RIYADH: Energy giant Saudi Aramco has completed the acquisition of a 40 percent equity stake in Gas & Oil Pakistan as the company continues its global retail expansion. 

RIYADH: The rapid adoption of clean technologies can enhance the affordability of energy, according to a new report.

RIYADH: Saudi Arabia is set to elevate its tourism and services to a “world-class experience” through cloud-powered digital solutions by partnering with enterprise software developer Informatica Inc., said a senior executive.  

HOUSTON/BEIJING: Oil prices fell in Asia on Friday as comments from a Federal Reserve official bolstered expectations of rates staying higher for longer, a view that will be tested later in the day with a keenly-awaited US inflation report, according to Reuters. The market, which is waiting on a weekend OPEC+ decision on production cuts, was weighed down in overnight trade by a surprise build in US gasoline stocks. Brent futures were down 3 cents, or 0.04 percent, to $81.83 per barrel at 9:01 a.m. Saudi time, while US West Texas Intermediate crude fell 10 cents, or 0.13 percent, to $77.81. Dallas…

The US Department of Labor on Thursday sued South Korean auto giant Hyundai Motor Co, an auto parts plant and a labor recruiter over illegal use of child labor in Alabama.

By: Steven Sahiounie, journalist and political commentator Israel can get away with mass-murder because the world’s superpower, USA, defends and excuses them of accountability. The Israeli military continues with severe artillery shelling in Rafah and the use of quadcopters to chase people. At least 20 people were killed inside their tents as they were trying to flee within the past 24 hours. At least 31 Palestinians have been killed across Gaza since early on Wednesday, as the Israeli military continues, ignoring calls from the international community and aid groups to stop. Israel committed a second massacre against civilians in tents…

RIYADH: Innovation and entrepreneurship attracted diverse funding partners to Saudi Arabia resulting in the finalization of over 53 percent of investment deals in the first quarter of 2024, official data showed.

Boeing is expected to deliver on Thursday a “comprehensive action plan” required by US air safety regulators after a near-catastrophic incident in January.

Google plans to invest $2 billion in Malaysia, developing its first data center and a Google Cloud hub in the latest big foray by a US tech giant in the Southeast Asian country.