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Archive of Business

  • Boeing shareholders sue over 737 MAX crashes, disclosures

    Boeing shareholders sue over 737 MAX crashes, disclosures

    Boeing Co’s legal troubles grew on Tuesday as a new lawsuit accused the company of defrauding shareholders by concealing safety deficiencies in ...
    Economy
  • Airbnb will leave West Bank homes listed to settle suits

    Airbnb will leave West Bank homes listed to settle suits

    Home-sharing platform Airbnb on Tuesday announced it will back off a plan to remove Jewish settler homes in the occupied West Bank from its rental ...
    Economy
  • Mubadala opens NY office to focus on financial services, private equity

    Mubadala opens NY office to focus on financial services, private equity

    Abu Dhabi state investor Mubadala has opened an office in New York, the state fund’s second in the United States, its deputy chairman Waleed ...
    Economy
  • Egypt’s annual headline inflation eases slightly to 14.2 percent in March

    Egypt’s annual headline inflation eases slightly to 14.2 percent in March

    Egypt’s annual urban consumer price inflation eased to 14.2 percent in March from 14.4 percent in February, the state statistics agency CAPMAS ...
    Economy
  • IMF says global economy cooling, coordinated stimulus may be needed

    IMF says global economy cooling, coordinated stimulus may be needed

    The global economy is slowing more than expected and a sharp downturn could require world leaders to coordinate stimulus measures, the International ...
    Economy
  • Uber seeks $10 bln IPO, scales back value target

    Uber seeks $10 bln IPO, scales back value target

    Uber is seeking to raise some $10 billion in what would be the largest stock offering of the year with more details coming this week, the Wall Street ...
    Technology
  • Dubai data strategy policy expected to generate economic impact of $2.6 bln

    Dubai data strategy policy expected to generate economic impact of $2.6 bln

    Smart Dubai announced the Dubai Data Private Sector Strategy and Policy on Tuesday, designed to enable a data ecosystem and foster stronger ...
    Technology
  • Aramco breaks record as demand for its bond tops $85 billion

    Aramco breaks record as demand for its bond tops $85 billion

    Orders for Saudi Aramco’s debut international bonds topped $85 billion, sources familiar with the matter said, a record-breaking vote of market ...
    Financial Markets
  • Lebanon Cabinet approves watershed electricity sector reform

    Lebanon Cabinet approves watershed electricity sector reform

    Lebanon’s Cabinet has approved a much-anticipated plan to restructure the electricity sector, which has been deeply dysfunctional for over four ...
    Energy
  • Mnuchin: US must prepare for ‘hard Brexit’

    Mnuchin: US must prepare for ‘hard Brexit’

    The United States must prepare for the very real possibility Britain will leave the European Union without an exit agreement, Treasury Secretary ...
    Economy
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