The US and China have agreed to reduce tariffs on $30 billion of goods and launch a dialogue on artificial intelligence, the countries said following President Xi Jinping's visit to the US. The tariff reductions will apply to US exports such as agricultural goods, wood and cosmetics, as well as…
Old money is staying put and the flow of new wealth to the UAE has not stopped, despite naysayers arguing otherwise, citing war-driven risks and uncertainties. The Emirates' appeal to the ultra-wealthy remains firm as the benefits, beyond just the lifestyle and security, of relocating to the Arab…
Libya's National Oil Company has said one of the refineries at its key Zawiya site has been shut down, bringing its financial losses to about $95 million through the week amid fears of wider economic harm. The decision came amid the continued forced closure of Zawiya's valve for its Sharara crude…
XRG, Adnoc's international energy investment unit, is to boost its gas portfolio with plans for the next phase of its strategic field development in Azerbaijan. The final investment decision for the Absheron offshore gas and condensate field development, where XRG holds a 30 per cent stake, was…
S&P Global Ratings has boosted its economic growth forecast for Oman to 3.5 per cent owing to favourable trade logistics that would help the sultanate maintain the strength of its energy industry amid the Iran war. The outlook is more than double the previous 1.6 per cent real GDP growth estimate…
OpenAI said governments could be among "dozens" of entities around the world that may be infiltrated by its artificial intelligence models, as concerns regarding the safety of the technology rise after an incident involving the Australian government. It comes as part of a "broad review" by OpenAI…
Motoring organisation the RAC says it expects the average UK diesel price to hit a new record high over the weekend.
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