The lasting economic scars of war
Wars leave deep and lasting scars on economies. Using data for 115 conflicts across 145 countries over the past 75 years, this column documents large
Qualcomm accelerates data center push with new AI chips launching next year
The new chips, called AI200 and AI250, are designed for improved memory capacity and running AI applications, or inference, and will be available in 2026
Egypt to invest $5.7bln in 480 oil wells
101 wells will be drilled in 2026. Egypt is planning to drill 480 new oil and gas exploration wells over the next five years, with
Saudi to offer steel projects worth $16bln
They aim to tackle supply gap. Saudi Arabia has completed a study about the optimal options to address the supply shortage in the domestic steel
Mideast Stocks: Most Gulf markets end lower on weak oil
Most stock markets in the Gulf ended lower on Monday, pressured by weak oil prices, while investors awaited more corporate earnings reports. Oil prices –
Egypt: EGX shows positive performance on Thursday
Retail investors represented 74.27% of total trading, while institutions made up 25.72%. The Egyptian Exchange (EGX) ended Thursday’s trading session with a mixed performance. The
Conditional budgeting: Striking a balance in EU economic governance
In July, the European Commission fired the starting gun on the negotiations of the next Multiannual Financial Framework – the EU’s budget. Against a tough
Global trade remains strong despite policy changes, uncertainty: UNCTAD
Trade in both goods and services recorded solid gains compared with the first quarter. Global trade expanded by about $500 billion in the first half
JPMorgan to invest up to $10 billion in US national security as part of $1.5 trillion pledge
JPMorgan Chase announced plans on Monday to hire bankers and invest up to $10 billion in U.S. companies considered critical to national security and economic resilience
Central Bank of UAE gold reserves exceed $8.17bln for first time
By the end of August, the value of the reserves reached $8.26bln, compared with $6.26bln at the end of December 2024. The Central Bank of
