Europe

EU countermeasures to Trump’s tariffs effective April 1

Negotiation remains a possibility, as tariffs could burden economies amid geopolitical and economic uncertainties

Saudi Arabia hosts U.S.-Ukraine talks in Jeddah

These discussions are vital for the Kingdom's efforts to address the Ukraine crisis and promote peace

UAE gold prices up AED0.5, global rates steady ahead of inflation data

Spot gold was unchanged at $2,916.69 per ounce, while U.S. gold futures edged up 0.1 percent to $2,922.30

Oil prices climb to $69.92 amid losses; OPEC report and tariff risks in focus

Supply concerns in Russia boosted prices after Ukraine targeted a major oil refinery in Moscow

Saudi Arabia, Ukraine seek stronger economic ties as bilateral trade grows 9 percent in 2024

The two sides welcomed the upcoming reestablishment of the Saudi-Ukrainian Business Council in 2025

Qatar Airways boosts global network with 11 new destinations as demand surges

New flights will connect major cities like Sharjah, Amsterdam, London, Madrid, and Tokyo Narita

Mass flight cancellations as strike affects 13 airports in Germany

Frankfurt Airport saw 94 percent of flights grounded, with 1,054 of 1,116 canceled

GCC inflation reaches 1.7 percent by end of October 2024, reports GCC-Stat

Annual inflation is driven by housing prices up 6.4 percent, goods and services 3 percent, hotels 1.7 percent

Mubadala finalizes sale of stake in U.K. energy transition infrastructure provider Calisen

This transaction highlights Mubadala's strategy of value capture through strategic exits, positioning Calisen for future growth

Emirates introduces retrofitted Boeing 777s to Seoul and London Stansted

The upgraded aircraft from Emirates' retrofit program are now entering scheduled service with enhanced cabins

Oil prices fall to $69.60, near annual lows amid tariff concerns

Attention turns to February's nonfarm payrolls data for insights on the U.S. economy

Saudi Air Connectivity Program introduces direct flights from Stuttgart to Jeddah

This initiative aims to boost capacity for travelers from Europe and the United States to Saudi Arabia