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Finance Banking Economy Featured

UAE insurance firm Salama to raise up to $48mln in Mandatory Convertible Sukuk following capital reduction

Shareholders approve capital reduction to offset accumulated losses and cancel treasury shares. The Islamic Arab Insurance Company (Salama), listed on the Dubai Financial Market (DFM), is undergoing a capital restructuring that will see the Takaful provider raise up to 175 million UAE dirhams ($48 million) through a Mandatory Convertible Sukuk issuance following a capital reduction. […]

Finance Banking Featured News World

US bank stocks plunge as investors grow uneasy about mounting risks

U.S. bank stocks, including Zions Bancorporation, Jefferies, and Western Alliance, fell sharply on Thursday as investors grew uneasy about risk in the sector, which has been shaken by exposure to two auto bankruptcies. Zions sank 12% after disclosing it would take a $50 million loss in the third quarter on two commercial and industrial loans from […]

Finance Banking Featured News World

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 EGX30 index grew by 0.06% to 37,677.19 points. Likewise, the EGX35-LV also went up by 1.10% to 4,201.59 points. Both the EGX70 index and the EGX100 concluded the trading session […]

Energy Environment Featured News World

Oil recoups some losses after US-China trade tensions

Oil prices rose on Monday after hitting five-month lows in the previous session, as investors focused on potential talks between the presidents of the United States and China that could ease trade tensions between the world’s two largest economies. Brent crude futures rose 65 cents, or 1%, to $63.38 a barrel by 1313 GMT. U.S. […]

trade Featured News Technology World

Europe’s dependence on US foreign military sales and what to do about it

Europe’s reliance on US arms raises autonomy concerns, as security worsens and leaders aim to cut strategic and technological dependence. Worries about Europe’s dependence on the United States military industrial base have increased with the worsening security situation in Europe and the deterioration of the transatlantic relationship. With a new dataset covering all US foreign […]

Energy Environment Featured Technology World

$488.6mln battery project to help Oman achieve green energy goals

The investment will be implemented in phases over four to six years. The first phase alone is valued over OMR73 million. With a project investment of over OMR188 million for the manufacturing of batteries, the shift towards cleaner sources of en energy will get a major boost. It will help Oman in achieving net-zero greenhouse […]

Economy Featured News World

Can AI give small scale producers the right advice?

The World Bank has long recognized the critical importance of agricultural extension services – ranging from training and data to technology transfer – which make up the second-largest share of its agriculture portfolio.  Yet farmers have often been slow to adopt the very methods and tools these services are designed to deliver—limiting their own productivity and […]

Featured Climate Environment News World

How developing countries can measure exposure to the EU’s carbon border adjustment mechanism

In January 2026, the European Union will require importers of certain carbon-intensive goods to pay for their products’ embodied carbon emissions. The policy, known as the Carbon Border Adjustment Mechanism (CBAM), could raise the cost of exporting these goods to the EU market, potentially affecting the competitiveness of exporters.   To help developing countries assess the potential […]

Energy Banking Featured Finance

Oil firms as investors await next steps in Ukraine peace push

U.S. crude stocks fell by 2.42 million barrels, market sources said on Tuesday, citing American Petroleum Institute figures, ahead of official data at 1430 GMT.  Oil rose on Wednesday as the American Petroleum Institute reported a drop in U.S. crude inventories and investors awaited the next steps in talks to end the Ukraine war, with […]

Featured Business Energy News World

Why the oil market is tight despite big OPEC+ output hikes

 OPEC+ oil producers have used high summer demand to launch their first output increases in three years, but those targets have proved difficult to hit, leaving the market surprisingly tight. On paper, the world’s largest group of oil-producing countries should be pumping an extra 2.5 million barrels of oil a day in September versus March, […]