A crisis across the region's tourism industry since the start of the Israel-Hamas war is being felt acutely in Jordan. Flight bookings to the country were down 35% year-on-year between September and October according to experts.
Stock markets in the UAE closed lower on Friday, impacted by falling oil prices. The drop comes as concerns over the effects of Hurricane Rafael of US oil production ease. Abu Dhabi's index dropped 0.2%, while Dubai’s main index fell 0.1%.
OCBC and UOB, Singapore’s second and third largest banks, project stronger loan growth in 2025 after exceeding third-quarter profit expectations. This outlook follows recent U.S. rate cuts, though geopolitical uncertainties could still impact markets, said OCBC’s CEO Helen Wong.
Elon Musk stands to gain from his ties to President-elect Trump, with Tesla shares surging post-election. Trump's policies, including deregulation and tariffs on Chinese imports, could benefit Musk’s businesses, including Tesla and SpaceX.
Ryanair has trimmed its passenger growth target for the year ending March 2026 from 215 million to 210 million due to Boeing delivery delays. Despite a reported after-tax profit of 1.79 billion euros, average fares dropped by 10% this year.
As the EU considers new tariffs on Chinese electric vehicles, China is open to alternatives and welcomes the EU's delegation for discussions amid rising opposition among member states.
Volkswagen's opens new tab planned cost-cutting programme was unavoidable in order to remedy "decades of structural problems" at the German carmaker, CEO told
Global finance leaders meet in Washington this week to address global growth, debt, and green energy amid uncertainties from conflicts, a slowing Chinese economy, and the potential impact of the U.S. election on trade and climate policies.
Daren Acemoglu, Simon Johnson, and James A. Robinson won The 2024 Nobel Prize in Economics for their inspiring research on “ How institutions are formed and affect prosperity”
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