ZAWYA - Your trusted source for business and finance news

ECONOMY

Saudi Arabia estimates 2023 budget revenue at $299.46trln with $2.4bln surplus

MANUFACTURING

‘Make it in the Emirates’ draws interest from American companies at GMIS America

TRADE

Non-oil trade between UAE, China totalled $468bln over 10 years

ECONOMY

Chinese licences in Ajman increase by 27% until end of September 2022: Ajman DED

RETAIL

UAE petrol prices fall in October: Here's how much it will cost to get a full tank

POLITICS

Russia vetoes UN resolution on proclaimed annexations, China abstains

OIL AND GAS

Oil falls but notches weekly gain as OPEC+ considers output cut

ZAWYA COVERAGE

TRANSPORT

Kenya says funding challenge stalls $46mln bus rapid transit system

OIL

Nigeria’s oil production capacity fell 37% in last three years - OPEC

REAL ESTATE

Property deals in Dubai surge 63% to $6.6bln in August

GOLD

Central banks’ gold buying slows down despite price declines

FINANCIAL SERVICES

Abu Dhabi TAQA completes refinancing $3.5bln revolving credit facility

EQUITIES

UAE’s ADCB sells entire stake in Alexandria Medical to consortium

IPO

UAE's Burjeel Holdings announces IPO price range

GRAINS

Uganda to release $7.7mln for coffee, tea seedlings

OIL

Weekly oil outlook: Middle East to witness increased spot demand

WORLD TODAY

LEGAL

U.S. House passes crucial stopgap government funding bill, avoiding partial shutdown

TRANSPORT

Fresh strikes set to paralyse British rail network

OPEC COUNTRIES

OPEC+ to hold October 5 meeting in person in Vienna - OPEC source

ECONOMY

U.S. consumers spurn cars, couches and cruises, results show

AVIATION

United Airlines to halt service at New York's JFK airport in October

TAXATION

S&P cuts UK rating outlook after tax cut plan

OIL AND GAS

Nord Stream rupture may mark biggest single methane release ever recorded - UN

CYBERSECURITY

Australia's Optus says 'deeply sorry' for cyberattack

MILITARY

Defiant Putin proclaims Ukrainian annexation as military setback looms

TECHNOLOGY

Musk previews Tesla's humanoid robot, but cautions it is not ready just yet

POLITICS

Kuwaiti opposition wins big in election, standoff with government to endure

NATO COUNTRIES

Ukraine announces fast-track NATO membership bid, rules out Putin talks

AFRICA TODAY

MANUFACTURING

Japan's Daikin to build air conditioners in Nigeria in renewed push

SECURITY

Regional court dismisses Maasai eviction case against Tanzania government

MILITARY

Burkina Faso soldiers announce overthrow of military government

OPINION

Perspective: The challenges Emerging Markets face, then and now

When I look at the world today through the lens of past EM market experiences, a perfect storm is brewing for indebted countries with undiversified economies

Libya: What does the future hold?

Hatem LukhaiHead of Libya Desk, British Arab Commercial Bank (BACB)

The future of Libya is one of economic renewal and diversification. With political stability comes the promise of investment and intra-African trade

Analyzing the need for CBDCs in a digital economy

A CBDC is a much-needed step. People look for cheaper and faster options to conduct payment transactions and it does not matter to them who is the provider

Actions to take now to counter inflation

Samer HijaziAbu Dhabi Office Managing Partner Grant Thornton UAE

While the UAE and other GCC countries have not experienced the surge in prices being witnessed in other parts of the world, this region is not immune to inflationary pressures.