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Economy

Saudi Arabia cuts oil flows to China despite OPEC+ pledge to accelerate production

Follow-ups -eshrag News: WASHINGTON: The costs of gas, food and other necessities jumped in May, raising inflation to a new…

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Economy

Red Sea Farms cuts a wide swath of desert farming across Saudi Arabia

Follow-ups -eshrag News: RIYADH: The ancient city of the Nabataeans in historic AlUla valley is emerging from the mists of…

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Economy

IIF cuts 2022 global GDP growth estimate in half, flows to EM to drop 42%

Follow-ups -eshrag News: Macro Snapshot — German economy sees growth in Q1; Investment banks cut China’s growth outlook RIYADH: The ongoing…

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Economy

Saudi PIF cuts ownership of US-listed stocks 22% to $43.6bn in Q1

Follow-ups -eshrag News: RIYADH: Saudi Arabia’s stock market retreated on Monday, as weak earnings disclosures weighed on investor sentiment. The…

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Economy

Oil Updates — Crude down; US scraps oil drilling auctions; Norway cuts oil fund spending

Follow-ups -eshrag News: Author:  Thu, 2022-05-12 09:43 RIYADH: Oil prices dropped more than 1 percent on Thursday in a volatile…

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Economy

UK auto industry cuts 2022 outlook on supply snags, rising cost of living

Follow-ups -eshrag News: Author:  Thu, 2022-05-05 11:56 British new car sales this year will be lower than previously thought as…

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Economy

Fitch cuts China’s 2022 GDP forecast to 4.3 percent from 4.8 percent on COVID hit

Follow-ups -eshrag News: NRG matters — US to spend $3bn for EV battery manufacturing; Gas flow resumes in Yamal-Europe pipeline…

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Economy

China In-Focus — Beiersdorf cuts forecast; Alibaba's Lazada eyes European expansion; UBS' David Chin steps down

Follow-ups -eshrag News: Author:  Thu, 2022-04-28 12:22 BEIJING: Beiersdorf, the maker of Nivea skincare products and Tesa glue, cut the…

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Economy

Crypto Moves — Bitcoin, Ether down; Robinhood cuts workforce; Revoult eyes crypto wallets expansion

Follow-ups -eshrag News: RIYADH: Bitcoin, the leading cryptocurrency internationally, traded lower on Wednesday, down 4.42 percent to $38,816 as of…

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Economy

IMF cuts global growth forecast to 3.6% citing Russia-Ukraine war

Follow-ups -eshrag News: WASHINGTON: The International Monetary Fund on Tuesday downgraded the outlook for the world economy this year and…

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