Middle East

Meta And Snapchat Deny Limiting Palestinian Content Amid Israel-Hamas Conflict

Reports from journalists and social media users allege that social media firms like Meta shadowbans Palestinian content, suppressing fair reporting on the ground.


Starbucks to Lay off Thousands of Workers in Middle East After Being Hit by Boycott Campaign Relating to Israel-Hamas War

Starbucks' franchisee in the Middle East, Alshaya Group, is implementing significant job cuts at its coffee shops...

Industry Reacts to Houthi Attacks Disrupting Red Sea Shipping Routes, Companies Strategize

Houthi attacks disrupt Red Sea shipping, causing global companies like Geely, Tesla, and Adidas to face delays and logistic challenges, prompting strategic adaptations...

Saudi Arabia, Russia, and Some Other OPEC+ Producers to Prolong Oil Production Cuts Until June

Saudi Arabia, Russia, and some other key members of the Organization of the Petroleum Exporting Countries Plus (OPEC+) have decided to prolong their voluntary crude supply cuts until June...


Latest News

Facing new oil glut, Saudis avoid 1980s mistakes to halt price slide
Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters in the 1980s, the world's top oil exporter Saudi Arabia is determined not to m
Privately, Saudis tell oil market: get used to lower prices
Saudi Arabia is quietly telling oil market participants that Riyadh is comfortable with markedly lower oil prices for an extended period, a sharp shift in policy that may be aimed at slowing the expan
Oil prices headed still lower even as Saudi curbs output: PIRA's Ross
World oil prices are set to fall further, extending a months-long rout as Saudi Arabia is unlikely to make deep enough production cuts to erase a growing surplus of supply, according to Gary Ross, chi
Dubai's Arabtec says plan for $40 billion Egypt housing scheme nearly completed
Dubai construction company Arabtec ARTC.DU is close to completing the planning and design stage of its $40 billion deal to build one million homes in Egypt, the company said on Sunday.
Yemen will destabilise economy if it delays reforms - IMF
Yemen will destabilise its economy if it delays reforms such as cuts to energy subsidies, the International Monetary Fund said in a report released after the government rolled back some fuel price ris
Aircraft lessors wary as new rivals crowd into aviation
Aircraft leasing companies voiced confidence in steady jetliner demand, but warned new aviation investors that they may take a painful hit when central banks start unwinding their efforts to stimulate
Israel approves Intel's $6 billion investment in chip plant
Israel's finance and economy ministries on Monday approved a plan by Intel Corp to invest $6 billion in the upgrade of its chip manufacturing plant, in what would be the largest single investment by a
Dubai's Emaar looks to raise $1.58 billion from malls unit's IPO
Dubai's Emaar Properties is seeking to raise as much as 5.8 billion dirhams ($1.58 billion) from an initial public offer of shares in its shopping malls unit that is expected to be the Gulf's biggest
Egypt president says no magic bullet for power problems after major blackout
President Abdel Fattah al-Sisi prepared Egyptians on Saturday for more blackouts after lights went out across much of the country this week, saying it would take time and cost the cash-strapped state
Emirates airline says Ex-Im Bank not critical for its plane financing
Emirates, Dubai's flagship airline, would not have trouble buying planes from Boeing Co (BA.N) even if the U.S. Congress fails to renew the U.S. Export-Import Bank's charter later this month, a senior
Real Time Analytics