Saudi construction cost growth stays moderate in May, says GASTAT
The Construction Cost Index was 2.65 higher than 2025, driven by increased equipment rental, labour, and energy costs in the property sect...
Category : Featured
Backed by former easyJet veteran, Castlelake launches fourth bid for airline
Castlelake's 6.25-pound-per-share proposal represents a premium of about 57% to easyJet's share price of 3.94 pounds on May 29...
Alan Greenspan, pioneer behind ‘Greenspan Put’, passes away at 100
Greenspan served five consecutive terms as chairman of the Federal Reserve between 1987 and 2006 under four American presidents...
Islamic Development Bank approves USD 746.2 million loan for Uganda’s railway project
Uganda is raising funds for the 2.7-billion-euro project, which has already won backing from lenders including the World Bank and the African Development Bank...
Oman posts USD 31.5 million budget deficit in 2025, says report
As per the ministry, the deficit was 26% lower than the budgeted deficit of OMR 620 million (USD 1.61 billion), primarily due to higher energy revenues...
Maserati revamps lineup as reset looms for struggling luxury car manufacturer
As per Stellantis CEO Antonio Filosa, the automaker has planned "to strengthen Maserati's future as a pure luxury brand"...
Despite geopolitical disruptions, OPEC sticks to robust oil demand outlook
OPEC has steadily increased its long-term oil demand forecast since the COVID-19 pandemic, which in 2020 had prompted a demand contraction...
Global fintech Ebury announces sponsorship of Formula 2 driver Alex Dunne
As per the pact, Dunne will continue to race for Rodin Motorsport, where his car will bear the Ebury logo on the side of its front wing for the 2026 season...
SpaceX’s IPO craze fizzles as rocket-and-AI firm’s shares lose momentum
Due to its relatively small public float and high valuation, analysts and portfolio managers have been cautioning investors to anticipate volatility ahead...
UniCredit, Commerzbank pan each other after Germany shows door to Italian venture
Germany cited low price and concerns about the UniCredit's “aggressive approach,” behind its rejection of the Italian bank's takeover proposal for Commerzbank...