Reuters

Reuters

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Aramco keeps $31.1bn payout despite lower Q1 net income

Saudi Aramco maintains dividend despite lower net income in Q1

Etihad Airways plans to double passengers, fleet size by 2030

Etihad CEO considers buying small number of Airbus, Boeing jets

Red Sea - MAERSK

Shipping giant Maersk says Red Sea disruption could cut Asia-Europe capacity by 20%

Lucid Group secures $1bn from Saudi PIF affiliate

EV maker Lucid reports quarterly revenue above estimates as price cuts boost sales

Saudi Arabia posts SAR12.4bn deficit Q1 2024

Saudi Arabia posts budget deficit of SAR12.4bn in Q1 2024

Egypt-GettyImages-520265584-e1703142282632

Egypt braces for second summer of power cuts as gas supplies dwindle

Oil hovers near 3-week high on Middle East tensions

Oil nudges higher after Saudi Arabia hikes prices

Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., plays bridge at an event on the sidelines of the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska, U.S., on Sunday, May 6, 2018. Buffett said he doesn't want Berkshire Hathaway Inc. being a leader on cyber insurance because neither he nor others in the industry really know the risk. Photographer: David Williams/Bloomberg

Warren Buffett talks succession and Berkshire’s future at annual meeting

oil

India’s Reliance starts trading US oil setting Brent oil benchmark

Middle East and tackling food prices

World food prices up in April for second month, says UN agency

oil

OPEC+ likely to extend oil production cuts in June: Insight

EGYPT

Egypt’s outlook upgraded to positive on reduced external financing risks: Fitch

Etihad significantly expands codeshare with Air France-KLM (Image: Supplied by Etihad)

Air France KLM adds flights to North Africa amid Middle East tensions

ADNOC boosts oil production capacity to 4.85 million bpd

Abu Dhabi’s ADNOC says oil production capacity hits 4.85 million bpd

NBK sells alternative investment unit to Janus Henderson

Janus Henderson buys alternative investment unit of Kuwait’s NBK

Apple Iphone 15

Apple unveils record $110bn buyback as results beat low expectations

Qatar’s GDP grew 1.2% year on year in Q3 2023

Qatar’s economy grew 1.2% year-on-year in Q3 2023

Saudi Arabia acquires stake in critical metals mining company Vale SA

Saudi mining update: Vale transfers 10% to Manara while Mosaic to sell stake to Ma’aden

Apple shelves electric car plans after decadelong odyssey

Apple set for big sales drop as investors await AI in iPhones

SABIC to build $6.4bn China petrochemical plant

Saudi petrochemical group SABIC reports 62% plunge in profits

A logo of The Daily Telegraph newspaper on a newsstand in London, UK, on Tuesday, March 12, 2024. Rupert Murdoch’s News Corp. and the publisher of the UK’s Daily Mail tabloid are weighing an offer for the company that owns the Telegraph newspaper and Spectator magazine, alongside United Arab Emirates-backed investment fund RedBird IMI, people familiar with the matter said. Photographer: Jose Sarmento Matos/Bloomberg

Abu Dhabi-backed RedBird IMI withdraws from Telegraph deal

Pakistan

IMF approves $1.1bn funding tranche to help Pakistan’s economy

coal

G7 reaches deal to exit from coal by 2035

antony blinken in jeddah

Blinken arrives in Saudi Arabia on first leg of Middle East tour

saudi arabia - Vision 2030

Saudi Arabia’s Vision 2030 projects to be adjusted as needed: Finance Minister

Apple iPhone 15

Apple, OpenAI eye bringing generative AI features to iPhone

Tesla

Tesla starts laying off employees at Nevada plant

EGYPT

IMF says Egypt to address central bank overdrafts, off-budget activity

Rua Al Madinah (Image: Supplied by Accor)

Accor’s Q1 sales rise 8% as Middle-East, Africa and Asia Pacific demand picks up

Here’s what you need to know about the US bird flu outbreak