Author: Steven Sahiounie

The Reserve Bank of India has asked the country’s major state-owned refiners to press Gulf suppliers to accept at least 10 percent of oil payments in rupees in the next financial year, three executives at the processors said.

Despite economic uncertainty in many countries, the number of ultra-rich individuals has increased, according to the latest Wealth Report by high-end property firm Knight Frank. How much an individual needs to break into the wealthiest 1 percent around the world depends on where a person lives. For example, if a person lives in Monaco, a known hub for the super-rich, one needs assets worth $13 million; in the US, $5.8 million is required, while in the UAE, a person can make it into the 1 percent club with $2.65 million. In the US, an individual needs $5.8 million to be…

Advanced Micro Devices has hit a US government roadblock in its efforts to sell an AI chip tailored for the Chinese market, as Washington cracks down on the export of advanced technologies to Beijing, Bloomberg News reported on Monday.

Saudi Finance Minister Mohammed Al-Jadaan said Tuesday that the Kingdom’s economy was currently in excellent shape, and the government would reconsider imposing a financial fee on dependents in light of its vision to attract new talent to the market.

Bitcoin touched a record high on Tuesday, fueled by investors pouring money into US spot exchange-traded crypto products and the prospect that global interest rates may fall.

Bitcoin, which has just hit a record price of $69,000, is the most famous cryptocurrency, but remains shrouded in mystery and controversy.

Unilever Plc is announcing more ambitious emissions-cutting goals, targeting suppliers and even the shops that stock its brands, despite concerns from investors that non-financial objectives have become a distraction for the company.

Emirates President Tim Clark threw his support behind Boeing Co.’s leadership as the manufacturer works through a crisis of confidence in the wake of a near-catastrophic accident in January, saying the company understands what needs to be fixed and that the reintegration of a key supplier is a first step in the right direction.

Abu Dhabi-based Etihad Airways announced Wednesday earning a $143 million profit last year, citing an increase in passengers as fueling the narrow profit.

The financial landscape in Egypt on Wednesday was nothing short of dramatic. Amidst a backdrop of anticipation and speculation, the Egyptian economy experienced pivotal changes that underscored the unfolding narrative of reform and adjustment.