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IMF sees economic growth with higher inflation for Mideast

(AP) — The Middle East is expected to see significant economic growth this year, but also soaring inflation and food prices, as coronavirus vaccines are unevenly rolled out across the region, the International Monetary Fund said Tuesday. The lender's new report projects the region's...

UAE discusses investment with Syria amid foreign policy shift

The United Arab Emirates and Syria are considering ways to increase economic and investment cooperation as the Persian Gulf nation seeks to redirect its foreign policy to serve economic interests.  UAE Economy Minister Abdulla bin Touq Al Marri met Syrian counterpart Mohammed Khalil on...

High oil prices threaten already fragile global energy markets

After suffering low oil demand last year due to the COVID-19 pandemic, global energy markets are now facing another crisis, with energy prices reaching record highs and global oil prices doubling year-on-year as demand rebounded from historic lows, but supply has shown signs of lagging. The...

Toyota's production slips for 1st time in last 12 months

Toyota registered a decrease in its worldwide production for the first time in the last 12 months in August due to parts supply shortage stemming from the coronavirus pandemic, Japanese automaker Toyota Motor Corporation (TMC) said. According to the results on the company's sales,...