Saudi Arabia
Why the U.S.-EU trade agreement is unlikely to derail Europe’s defense boom
Europe’s defense stocks wobbled at the start of the week, as investors pored over the details — still lacking in some areas — of the framework trade agreement struck by the U.S. and European Union on Sunday. An initial concern was that a commitment by the EU to increase its purchases of U.S. goods, in […]
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Saudi Arabia reckons with its costly megaprojects as $500 billion ‘The Line’ is reviewed
Digital render of NEOM’s The Line project in Saudi Arabia The Line, NEOM DUBAI, United Arab Emirates — Saudi Arabia’s sovereign wealth fund is reassessing its flagship $500 billion futuristic city called The Line. The public investment fund has tapped consulting firms to conduct a strategic review into the feasibility of the 105-mile linear city, […]
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Trump threatens 100% tariffs on Russian export buyers unless Ukraine peace deal is reached by September
U.S. President Donald Trump, flanked by Vice President JD Vance and U.S. Secretary of State Marco Rubio, meets with NATO Secretary General Mark Rutte in the Oval Office at the White House in Washington, D.C., U.S., July 14, 2025. Nathan Howard | Reuters President Donald Trump on Monday threatened to impose “secondary tariffs” on Russia’s […]
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The three energy topics on everyone’s lips at the OPEC seminar
The blue logo of the Organization of the Petroleum Exporting Countries (OPEC) is displayed on the facade of its headquarters building in Vienna, Austria, on June 9, 2025. Nurphoto | Nurphoto | Getty Images OPEC says more than 1,000 ministers, CEOs, policymakers, analysts and journalists were invited to its biennial seminar to discuss key trends […]
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OPEC+ members agree larger-than-expected oil production hike in August
The OPEC logo is displayed on a mobile phone screen in front of a computer screen displaying OPEC icons in Ankara, Turkey, on June 25, 2024. Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance on Saturday agreed to lift their collective crude production by 548,00 barrels per day, as they […]
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Fund managers are pouring money into emerging markets. Here’s where investors see opportunities
Volatility has gripped global equity markets this year — and according to some asset managers, now could be the perfect time to rethink emerging markets. Developing economies were hit particularly hard by U.S. President Donald Trump’s so-called “reciprocal tariffs” plans when he unveiled them in April, with Sri Lanka, Cambodia and Vietnam slapped with tariffs […]
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OPEC+ members could hike July oil production by 411,000 barrels per day: Sources
Oil prices eased on Tuesday as market participants weighed the possibility of an OPEC+ decision to further increase its crude oil output at a meeting later this week. Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance could hike output by as much as 411,000 barrels per day in July, two […]
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Flyadeal CEO discusses wet leasing deal with Cebu Pacific and starting flights to Syria
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Steven Greenway, CEO of Saudi Arabia’s low-cost carrier flyadeal, says that “competition is a given” amongst the low-cost carrier portion of the airline industry and shares how he is repositioning flights to meet the new demand for flights to Syria. Source
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The most common travel scams in 9 global cities
The travel industry is one of the sectors most susceptible to fraud, with scams rising 18% during the summer peak season and 28% in the winter peak season in 2024, according to a new report. The report, published last Tuesday by the Mastercard Economics Institute, showed that fraud related to travel agency and tour company […]
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Qatari cybertrucks, elite camels and historic mega-deals: Why Gulf countries are going all out for Trump’s visit
Qatar’s Emir Sheikh Tamim bin Hamad al-Thani (L) receives US President Donald Trump in the Qatari capital Doha on May 14, 2025. Brendan Smialowski | Afp | Getty Images ABU DHABI, United Arab Emirates — If the Arab Gulf states were to hold a popularity contest right now, President Donald Trump would be the prom […]
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