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Category: Economy
Latest Economy news from the Middle East and around the world
How Trump’s tariffs could leave the Fed struggling to head off stagflation
Appeasing Trump would require the Fed to abandon its 2% inflation target. Pressure is mounting for that.
The latest tariff fallout: China reportedly tells its airlines not to take any more Boeing planes
Boeing shares were lower early Tuesday after a report that China ordered its airlines not to take any more deliveries of U.S.-made jets.
Stocks for the long term? Don’t assume you’ll always make money.
Why the usual advice about managing a stock-market plunge is dangerous now.
Johnson & Johnson raises sales outlook, even with tariff costs accounted for
J&J beat quarterly profit and revenue expectations and raised its dividend but didn’t change its profit outlook, and the stock pulled back.
Citigroup CEO is betting the U.S. economy can weather the tariff storm
Citi’s Jane Fraser looks past the current trade-policy turmoil and says the dollar will retain its position as global reserve currency.
Stocks that benefit from chaos are helping a husband-and-wife investing duo beat the competition
The Marshfield Concentrated Opportunity Fund is up in 2025 and beating the S&P 500 on a three and five year basis. Two of the portfolios managers dish the fund’s secrets.
How do I apply for a tax-filing extension? What time are taxes due? Your last-minute Tax Day questions, answered.
Tuesday is Tax Day, the last day to pay any owed 2024 income taxes. It’s also the final day to either file a tax return or claim an extension.
Americans are spending their tax refunds differently this year — and it says a lot about this economic moment
The average refund is now $3,116, the IRS says.
The IRS is pulling back on some audits — but not everyone can breathe a sigh of relief
With massive cuts to the IRS workforce, the question now is whether the tax collector is waving the white flag on audits.
Meet the world’s most expensive cocktail, $42,432 in a glass
ALBAWABA – Dubai is introducing the world’s most expensive cocktail, priced at approximately $42,432 (156,000 AED)…
Dubai is getting ready for Trump's first tower, valued at $544M
ALBAWABA – Dubai is preparing for Trump’s first tower in the United Arab Emirates. The total cost of the project is estimated at approximately $544 million (2 billion AED)…
Dubai introduces AI-powered stock analytics chatbot
ALBAWABA – The United Arab Emirates, specifically Dubai, is introducing a new artificial intelligence (AI)-powered stock analytics chatbot…
Sony announces 25% PS5 price hike in Europe amid new tariffs
ALBAWABA – Sony, the Japanese multinational company, has announced a 25% price hike for the PlayStation 5 (PS5), its home video game console developed by Sony Interactive Entertainment…
Zuckerberg could be forced to sell Instagram amid antitrust suit
ALBAWABA – As Meta’s CEO, Mark Zuckerberg, faces an antitrust trial in Washington Today, new reports claim that the billionaire might be forced to sell both Instagram and WhatsApp after acquiring them in 2012 and 2014, respectively…
10 most anticipated Apple products to be released in 2025
ALBAWABA – Apple, the American multinational technology company, is expected to release 10 major products in 2025…
Google Pixel Watch 4: new leaks revealed
ALBAWABA – New leaks have revealed details about Google’s upcoming Pixel Watch 4. The smartwatch is expected to feature innovative technologies and include support for wireless charging…
All you need to know about Al Fardan Group chairman who passed away at 94
ALBAWABA – Haj Hasan Ibrahim Al Fardan, honorary Chairman of Al Fardan Group, passed away on at 94 years old…
China launches secret satellite into orbit
ALBAWABA – China launched a secret satellite into orbit two days ago. Long March 3B rocket was launched from the Xichang Satellite Launch Center, placing the TJS-17 satellite into geostationary orbit…
AI Barbie-style doll becomes the new trend after Ghibli's success
ALBAWABA – The AI Barbie-style doll has become the latest trend on social media platforms, following the recent success of the Ghibli-inspired style in the past few weeks…
Tesla suspends vehicle sales in China due to tariff war
ALBAWABA – Tesla, the American multinational automotive and clean energy company, has announced the suspension of its vehicle sales in China due to the ongoing tariff war between the United States and China…
A list of the goods most affected by the current tariff war
ALBAWABA – Based on the ongoing tariff war between the United States (US) and China, Bloomberg conducted a detailed study featuring the most affected goods and products impacted by the recently imposed tariffs worldwide…
Meet Flynn: the first AI student at the University of Applied Arts Vienna
ALBAWABA – Flynn is the first artificial intelligence (AI) student ever to join the university. Now officially enrolled as an art student at the University of Applied Arts Vienna, an arts university and institution of higher education in Vienna, the capital of Austria…
China responds to Trump's tariffs with 84% tariffs on US products
ALBAWABA – Chinese Finance Ministry announced on Wednesday rising tariffs on products coming from the United States from 34 percent to 84 percent…
UAE Defense Ministry develops AI robot to detect suspicious packages
ALBAWABA – The UAE Ministry of Defense has announced the unveiling of an innovative artificial intelligence (AI) robot…
Oil prices drop to 4-year low following Trump's tariffs
ALBAWABA – Oil prices recorded a sharp decline globally, hitting a four-year low following the recent tariffs announced by US President Donald Trump and his administration…
Everything you need to know about market terminology amid downturns and recent tariffs
ALBAWABA – Amid the new tariffs recently imposed and announced by US President Donald Trump and his administration, global markets are experiencing significant downturns and meltdowns…
iPhone prices could hit $3500 after Trump's tariffs, buy now before it is too late
ALBAWABA – Amid the recently announced tariffs by US President Donald Trump and his administration, iPhone prices could soar to nearly three times their original cost, rising from about $1,100 to $3,500…
China unveils first AI child: throws tantrums and speaks like a real child
ALBAWABA – The Beijing Institute for General Artificial Intelligence (BIGAI), an innovative research and development non-profit organization affiliated with Peking University, Tsinghua University, and other leading academic institutions in China, has revealed a groundbreaking AI humanoid child…
TikTok remains on Apple’s app store after attorney’s reassurance
ALBAWABA – TikTok, the Chinese social media platform for creating, sharing, and discovering short videos, remains available on Apple’s App Store in the United States following reassurances from the attorney and the Trump administration…