Philippine peso sinks past Php64 vs US dollar, lowest value in history
Dh1 is now equivalent to Php17.45; economists fear the record-breaking slide will continue amid persistent concerns over the domestic economy and rising inflation
Business
UAE capital markets see 43% rise in licensed companies in 9 months
UAE capital markets see 43% rise in licensed companies in 9 months
Business
Saudi Arabia, US discuss turning investment opportunities into projects
Saudi Arabia's Investment Minister Fahad Al-Saif discussed strategies to convert investment opportunities into projects during a US-Saudi Business Council meeting. He highlighted the rise in US investments, with 530 new licenses issued in 2026, and emphasized the need for collaboration to strengthen bilateral trade and industry localization, particularly in aerospace and defense sectors.
Business
US Official Warns EU Airbus Loan Puts Trade Deal at Risk
A tariff truce between the European Union and United States is potentially at risk due to a multibillion-dollar loan approved by the bloc's investment bank for Airbus this summer, President Donald Trump's top trade official said Monday. US Trade Representative Jamieson Greer expressed concern that his office had received "no details about this loan" and pressed for the situation to be "resolved as soon as possible." "I had sincerely hoped that trade-distorting European subsidies to Airbus were a thing of the past," Greer said in a statement.