KFC's Middle East And North Africa Franchisee Plans Dual Listing In UAE, Saudi
The IPO would start from Nov. 14 to Nov. 21 for retail investors in the UAE and Saudi Arabia, and Nov. 14 to Nov. 22 for institutional investors in both the countries.
Energy Crisis Chips Away At Europe's Industrial Might
Euro-zone manufacturing activity this month hit its weakest level since May 2020, signaling Europe was heading for a recession.
Saudi Aramco Q3 Net Income Jumps 39% On Higher Crude Prices
Aramco's net income rose to $42.4 billion for the three months to Sept. 30 from $30.4 billion a year earlier, it said in a regulatory filing.
Cryptoverse: Bitcoin Wants To Break Its Bond With Stocks
For the foreseeable future, macroeconomics remain the driver of a market that remains highly speculative in nature.
Death Toll Rises To 135 In Indian Bridge Collapse As Rescue Operations Continue
Indian army, navy and national disaster response teams continued search operations as locals gathered on the banks of the river near the twisted remains of the bridge.
Saudi Q3 GDP Grows 8.6%, Boosted By Higher Oil Prices
Saudi Arabia's gross domestic product expanded by 8.6% in the third quarter compared with the same period in 2021, according to initial government estimates on Monday, as the world's top oil exporter benefits from higher energy prices.
OPEC+ 'Only A Phone Call Away' If Markets Need Balancing - UAE Minister
The United Arab Emirates' energy minister said on Monday that OPEC+ was always willing to balance crude oil markets if needed, and that if consumers require its help, the alliance of top producers was "only a phone call away".
Iran Letter Urges States To Skip U.S. Meeting On Protests At U.N.
Iran on Monday urged countries not to attend a U.S.-organized meeting at the United Nations on protests in Iran sparked by the death of a young woman in police custody, according to a letter seen by Reuters that accused Washington of politicizing human rights.
Grain Market Braces For Price Leap As Black Sea Corridor Halted
Wheat markets have been very sensitive to developments in Moscow's eight-month-old invasion of Ukraine, as both countries are among the world's largest wheat exporters.
Exclusive-Gap Says Russia Deliveries Stopped In March. But Its Clothing Kept Coming
The Gap shipments included everything from "knitted children's socks" and "children's pajamas" to "textile blouses for women" and "textile shorts for men."
World Food Supplies At Risk As Russia Withdraws From Black Sea Deal
Russia on Saturday suspended participation in the U.N. grain deal for an "indefinite term", after what it said was a major Ukrainian drone attack on its Black Sea fleet in Crimea.
Europe's Debt Market Strains Force Some Governments To Rework Trading Rules
France, Spain and Finland said their rules are already structured to automatically take account of market tensions. Germany and Austria said they do not set such rules.
Britain Prioritising India Trade Deal But Can't Give Timeline, Minister Says
Britain is prioritising reaching a free-trade agreement with India, its foreign minister told Reuters on Saturday in his first visit to the country, but declined to give a new deadline after missing one this month.
President Aoun Leaves Office As Lebanon's Crisis Worsens
Michel Aoun, the 89-year-old Christian president who presided over Lebanon's cataclysmic financial meltdown and the deadly Beirut port blast, vacates the presidential palace on Sunday, leaving a void at the top of the failing Lebanese state.
Russia Says UK Navy Blew Up Nord Stream, London Denies Involvement
Russia's defence ministry said on Saturday that British navy personnel blew up the Nord Stream gas pipelines last month, a claim that London said was false and designed to distract from Russian military failures in Ukraine.
Russia Halts Ukraine Black Sea Grain Exports, Biden Outraged
Russia on Saturday suspended participation in a U.N.-brokered Black Sea grain deal after what it said was a major Ukrainian drone attack on its fleet in Crimea, dealing a blow to attempts to ease the global food crisis.
South Korea's Yoon Declares Mourning Period After Halloween Crush Kills 151
South Korea's President Yoon Suk-yeol declared a period of national mourning on Sunday after a Halloween crush killed some 151 people in a packed nightlife area in Seoul.
U.S. Says North Korea Policy Unchanged After Nuclear Remark Raises Eyebrows
The United States said on Friday its policy towards North Korea had not changed after a senior U.S.
Philippine Capital Braces For Storm Nalgae, Death Toll Cut To 45
Manila and nearby towns braced on Saturday for Tropical Storm Nalgae, which has killed 45 people, mostly because of landslides in southern provinces of the Philippines.
Canada Raising Money For Ukraine With Sale Of Bonds
Canada will sell a government-backed, 5-year bond to raise money for Ukraine, the first country to do so, and it will impose new sanctions on 35 Russian individuals, including Gazprom executives, Prime Minister Justin Trudeau said on Friday.
Thousands Of Workers Evicted In Qatar's Capital Ahead Of World Cup
Qatar has emptied apartment blocks housing thousands of foreign workers in the same areas in the centre of the capital Doha where visiting soccer fans will stay during the World Cup, workers who were evicted from their homes told Reuters.
ECB Reaffirms Rate Hike Plans Even As Recession Looms Large
Although markets have started to price out some rate hikes, policymakers warned that another increase in December was certain and the deposit rate could then continue to rise.
EU Approves Effective Ban On New Fossil Fuel Cars From 2035
EU climate policy chief Frans Timmermans said the agreement sent a strong signal to industry and consumers.
Dubai Aerospace, With 19 Jets Stuck In Russia, Sues 11 Insurers In London
Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd's of London, AIG, Chubb and Swiss Re, two months after it wrote off almost $600 million for 19 aircraft stuck in Russia.
Lebanon Signs Maritime Border Deal, Israel Expected To Follow Suit
The agreement opens the way for offshore energy exploration and removes one source of potential conflict between Israel and the Lebanese group Hezbollah.
Credit Suisse Set To Raise Billions In Capital After Heavy Loss
Credit Suisse clients pulled funds in recent weeks at a pace that saw the lender breach some regulatory requirements for liquidity.
UAE Wealth Fund ADIA Reports Strong 2021 Returns, Restructures Internally
The Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, said it delivered strong returns in 2021.
U.N. Lawyer Pushes Back On Russian Row Over Iran Drone Inquiry
Russia has argued that there is no mandate for Guterres to send U.N. experts to Ukraine to inspect the downed drones.
Trump Ally Barrack Can Be Questioned On Khashoggi Comments, Saudi Nuclear Plans
The ruling by U.S. District Judge Brian Cogan came on the third day of Barrack's testimony in his own defense in Brooklyn federal court.
Australia To Train Ukrainian Troops, Ship More Armoured Vehicles
Australia said on Thursday it will deploy 70 soldiers to Britain to help train Ukrainian troops there and ship 30 more armoured vehicles to bolster Kyiv's war against Russia's invasion.