Latest economy news, business developments, financial market updates, investment insights, entrepreneurship trends, and expert economic analysis from the Arab World and around the world. Stay informed about the economic issues shaping businesses, industries, markets, and public policy.
The crux of Brockman’s testimony so far has been that Musk was aware of plans to shift OpenAI to be more of a traditional for-profit business. When the company started, it was a non-profit, then it added a for-profit arm in order to raise billions of dollars in funding for investors, before deciding last year…
Gold pure gold bar models captured in Shanghai, China on March 15, 2026. Cfoto | Future Publishing | Getty Images Gold and oil have been two of the hottest trades of the last 12 months, but one could be causing the other to falter now. What’s good for energy stocks may be bad for precious…
Coinbase, the largest U.S. cryptocurrency exchange, said on Tuesday that it planned to lay off about 14 percent of its workers amid volatility in the crypto market and as artificial intelligence changes how people work. The cuts affect about 700 of the company’s nearly 5,000 employees, Coinbase said in a corporate filing, and the restructuring…
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Global oil reserves plunged at a record pace in April, as the conflict in the Middle East strains supplies and raises the risk of a further sharp jump in prices ahead of the summer travel season….
LONG BEACH, Calif. — As the global automotive industry retreats from all-electric vehicles after reporting billions of dollars in losses, Ford Motor continues to move forward with its next generation of EVs that CEO Jim Farley has described as industry-defining products. Ford’s push comes despite a massive slowdown in EV adoption, $19.5 billion in electric…
The U.S. trade deficit in goods and services rose to $60.3 billion in March, increasing 4.4 percent from the previous month, after the Supreme Court struck down President Trump’s global tariffs, according to data from the Commerce Department released on Tuesday. Exports grew 2 percent in the month, to a record $320.9 billion, as the…
The U.S. Secret Service insignia is pictured on a wall at the Secret Service headquarters in Washington. Kevin Lamarque | Reuters A U.S. Secret Service officer was arrested in Miami on a charge of indecent exposure while off-duty, authorities said Monday. The officer, John Spillman, had earlier worked on exterior security screening for President Donald…
Oil prices pulled back on Tuesday after a sharp increase a day earlier. They had surged on Monday as the fragile truce in the Middle East appeared to be in jeopardy. The United Arab Emirates said it had been attacked by Iran, while the U.S. military said Iran had fired at the ships and commercial…
Economic dynamics in the Maghreb are shaped by a combination of domestic factors, regional interactions and global market conditions. Countries such as Morocco, Algeria and Tunisia maintain trade relations with partners in Europe, Africa and beyond, while also navigating regional constraints linked to border policies and infrastructure. Trade flows in the region are influenced by…
Amerant Bancorp Inc. (AMTB) reported its first-quarter 2026 earnings, revealing a significant improvement in earnings per share (EPS) but falling short on revenue expectations. The company posted an EPS of $0.44, aligning with analyst forecasts, but reported revenue of $97.66 million, missing the anticipated $100.75 million. Following the earnings release, Amerant’s stock declined by 3.47%…
