Business & Economy News

China’s data industry reaches $1tn as AI demand grows

China’s data industry grew 15.7% in 2025, driven by rising demand for AI applications and high-quality datasets.

StaffAugust 30, 2026

Woodside drops clean energy target as first-half profit rises 7%

The Australian producer will review its Texas ammonia project and scrap a $5bn clean-energy spending goal.

StaffAugust 25, 2026

Vatican plans €100m agrivoltaic plant to cover energy needs

The Vatican plans an agrivoltaic plant to cover its energy needs, with construction expected to take up to two years.

StaffAugust 22, 2026

Oil rises as Hormuz tensions lift prices, gold jumps ahead of Fed minutes

Oil gains as Hormuz tensions deepen, while gold rallies sharply before the Federal Reserve releases its latest meeting minutes.

StaffAugust 19, 2026

Saudi PIF assets top $900bn as 2025 profit surges

The sovereign wealth fund enters a new five-year strategy focused on returns, efficiency and six domestic economic ecosystems.

StaffAugust 17, 2026

Iraq seizes $20.3m, gold and vehicles in corruption probe

Iraqi authorities say millions in cash and gold were seized from officials under investigation.

StaffAugust 16, 2026

Record-low Rhine water levels threaten German supply chains

Record-low Rhine water levels are disrupting shipping, raising freight costs and putting pressure on German industry.

StaffAugust 15, 2026

Pezeshkian says war has deepened Iran’s economic crisis

Pezeshkian says lower oil sales and damaged factories are deepening Iran’s economic crisis.

StaffAugust 15, 2026

World Bank warns Palestinian banks face growing shekel liquidity risks

The World Bank says excess shekel cash and shrinking digital liquidity are creating growing risks for Palestinian banks and trade.

StaffAugust 13, 2026

Panama Canal slot prices hit records as Iran conflict disrupts shipping

Panama Canal slot auction prices hit records as war-driven demand meets tighter water constraints.

StaffAugust 12, 2026

Chinese firms deepen grip on Europe’s car supply chain

Chinese firms are expanding through parts suppliers, local production and rising electric-car sales across Europe.

StaffAugust 12, 2026

Qatar’s Foreign Direct Investment Surpasses $47 Billion in First Quarter

Qatar’s inward foreign direct investment rose 3.3% in the first quarter of 2026 to about $47.24 billion, while outward investment increased 3.5% to around $60.8 billion.

StaffAugust 9, 2026

Goldman Sachs: Oil Prices Could Rise to $120 if Strait of Hormuz Remains Closed

Goldman Sachs expects oil prices to remain elevated, warning they could reach $120 per barrel if the closure of the Strait of Hormuz continues and disrupts global crude supplies.

StaffAugust 8, 2026

$10 Trillion: How Cybercrime Became the World’s Third-Largest Economy

Global cyberattacks are accelerating, inflicting growing financial and operational losses on critical sectors while driving governments and businesses to invest heavily in cybersecurity. New estimates suggest cybercrime will cost the global economy $10.5 trillion in 2026, making it the world’s third

StaffAugust 6, 2026

Currency and Precious Metal Prices Against the Shekel

Exchange rates for major currencies and precious metals against the Israeli shekel recorded the following levels on Tuesday.

StaffAugust 4, 2026

China Draws Economic Red Lines as It Defends Its Growth Model

China is standing by its economic model based on industrial support, advanced manufacturing and investment, rejecting Western calls to shift toward boosting domestic consumption. The stance comes ahead of renewed trade discussions with the United States and the European Union.

StaffAugust 3, 2026

War Tensions Drive Up Shipping Costs for Gulf Oil Exports

The renewed closure of the Strait of Hormuz and escalating attacks in the Red Sea are reshaping global oil flows, forcing Gulf countries to seek alternative export routes while rising security risks increase shipping and insurance costs.

StaffAugust 2, 2026

International Recognition for Saudi Arabia’s Global Leadership in AI Adoption

The International Monetary Fund praised Saudi Arabia’s global leadership in adopting artificial intelligence across several sectors. The expansion of AI applications could contribute to increasing the country’s GDP growth rate by as much as 6% in the coming period.

StaffJuly 30, 2026

Gold Rises 1% as Oil Prices Decline

Gold prices rose by more than 1% on Monday after the halt in Middle East hostilities pushed oil prices lower, easing concerns over inflation and the possibility of interest rates remaining elevated for an extended period.

StaffJuly 27, 2026

Oil Prices Plunge 7% After U.S.-Iran Attacks Halt

Oil prices fell by more than 7% on Monday after the United States and Iran halted two weeks of attacks earlier this week, boosting hopes for a diplomatic solution that could ease tensions and allow shipping through the Strait of Hormuz to resume.

StaffJuly 27, 2026

China’s data industry reaches $1tn as AI demand grows

Woodside drops clean energy target as first-half profit rises 7%

Vatican plans €100m agrivoltaic plant to cover energy needs

Oil rises as Hormuz tensions lift prices, gold jumps ahead of Fed minutes

Saudi PIF assets top $900bn as 2025 profit surges

Iraq seizes $20.3m, gold and vehicles in corruption probe

Record-low Rhine water levels threaten German supply chains

Pezeshkian says war has deepened Iran’s economic crisis

World Bank warns Palestinian banks face growing shekel liquidity risks

Panama Canal slot prices hit records as Iran conflict disrupts shipping

$10 Trillion: How Cybercrime Became the World’s Third-Largest Economy

Currency and Precious Metal Prices Against the Shekel

China Draws Economic Red Lines as It Defends Its Growth Model

War Tensions Drive Up Shipping Costs for Gulf Oil Exports

International Recognition for Saudi Arabia’s Global Leadership in AI Adoption

Gold Rises 1% as Oil Prices Decline

Oil Prices Plunge 7% After U.S.-Iran Attacks Halt

Three U.S. Funds Invest $16 Billion in Kuwait Oil Pipeline Deal

Shipping Insurance Surges 150% as Strait Tensions Reshape Global Oil Export Routes

Congress Opens Door to $95 Billion in Funding for Trump’s War Effort

Equinor’s Quarterly Profit Surges as Oil and Gas Prices Climb

Oil Retreats From $90 as Iran Signals Openness to U.S. Talks

All Business & Economy articles

China’s data industry reaches $1tn as AI demand grows

Woodside drops clean energy target as first-half profit rises 7%

Vatican plans €100m agrivoltaic plant to cover energy needs

Oil rises as Hormuz tensions lift prices, gold jumps ahead of Fed minutes

Saudi PIF assets top $900bn as 2025 profit surges

Iraq seizes $20.3m, gold and vehicles in corruption probe

Record-low Rhine water levels threaten German supply chains

Pezeshkian says war has deepened Iran’s economic crisis

World Bank warns Palestinian banks face growing shekel liquidity risks

Panama Canal slot prices hit records as Iran conflict disrupts shipping

Chinese firms deepen grip on Europe’s car supply chain

Qatar’s Foreign Direct Investment Surpasses $47 Billion in First Quarter

Goldman Sachs: Oil Prices Could Rise to $120 if Strait of Hormuz Remains Closed

$10 Trillion: How Cybercrime Became the World’s Third-Largest Economy

Currency and Precious Metal Prices Against the Shekel

China Draws Economic Red Lines as It Defends Its Growth Model

War Tensions Drive Up Shipping Costs for Gulf Oil Exports

International Recognition for Saudi Arabia’s Global Leadership in AI Adoption

Gold Rises 1% as Oil Prices Decline

Oil Prices Plunge 7% After U.S.-Iran Attacks Halt