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Massoud A Derhally

Massoud A Derhally

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Articles

Dubai is firmly on course to achieve its tourism goals after welcoming 7.12 million international visitors in first half of 2022.
Dubai's non-oil economy hits 38-month high as demand growth picks up

The rate of job creation in August was the quickest since 2022

EconomySeptember 09, 2022
An oil storage tank in Texas. Global oil demand growth is expected to rise by an average of 2.1 million barrels per day throughout 2022. Reuters
Oil prices swing after sharp decline on demand concerns and strong dollar

The US Energy Information Administration raised its projections for global oil demand in its latest short-term outlook report

EnergySeptember 08, 2022
Russian President Vladimir Putin at the Eastern Economic Forum in Vladivostok on September 7. AFP
Oil fluctuates as Putin warns of consequences to price cap amid demand concerns

Russia 'will not supply oil, gas, or coal to its own detriment', president says

EnergySeptember 07, 2022
A demonstrator in Beirut protests against the fall in the value of the Lebanese pound and a growing economic crisis. Reuters
Lebanon's business conditions improve to highest level in nine years

Despite the economic crisis, there was an increase in output and new orders

BusinessSeptember 05, 2022
A euro sculpture stands in front of the former European Central Bank in Frankfurt, Germany. The currency has fallen to its lowest level in 20 years against the US dollar. AP
Euro falls to below 99 cents to the US dollar

Single currency has been dragged down by historically high inflation, low consumer confidence and the energy crisis in Europe

MarketsSeptember 05, 2022
Salik is one of 10 state-owned companies that are going public as part of Dubai's plan to increase the size of its financial market. Satish Kumar / The National
Dubai toll operator Salik to sell 20% stake in IPO and list on DFM

Legislation announced in June set up Salik Company with a 99-year term

MarketsSeptember 05, 2022
Weak economic data, rampant inflation and the effects of the Ukraine war have weakened the euro against the US dollar. Reuters
Euro could sink further against the dollar, IIF says

The single currency has lost more than 12% of its value against the greenback since the start of this year

MarketsSeptember 02, 2022
A closed fuel station in Colombo. Sri Lanka faces its worst economic crisis since independence in 1948. AFP
IMF and Sri Lanka reach preliminary $2.9bn agreement

Sri Lanka's economy is expected to contract by 8.7 per cent in 2022 and inflation recently exceeded 60 per cent

BusinessSeptember 01, 2022
Bank customers at a protest outside the Lebanese Parliament in Beirut. Their deposits were frozen as the Lebanese pound lost about 90 per cent of its value against the dollar. EPA
Lebanon records triple-digit inflation for 25th consecutive month

Cost of water, electricity, gas and other fuels increased nearly six times in July 2022, according to the country's latest Consumer Price Index

EconomyAugust 31, 2022
Elon Musk's lawyers say allegations made by Twitter's former security chief justify the move to cancel the $44 billion buyout deal. Reuters
Elon Musk files letter to terminate $44bn Twitter deal

In April, the world’s richest person agreed to acquire the microblogging platform but then began to air doubts about the number of its spam accounts

MarketsAugust 30, 2022
Displaced people carrying food aid wade through floodwaters in Rajanpur, Punjab province. Flooding has caused more than $10 billion in damage across Pakistan. AP
Pakistan secures $1.1bn in IMF bailout funding

Country's immediate priority is to stick to the recently approved budget for the 2023 fiscal year, fund says

EconomyAugust 30, 2022
US Federal Reserve chairman Jerome Powell is expected to send a clear message the fight against rampant inflation is not over. AFP
Oil rises and euro trades near parity as markets await Fed chief's speech

The US central bank is likely to continue tightening its monetary policy, Jerome Powell said at the annual gathering in Jackson Hole, Wyoming, on Friday

MarketsAugust 26, 2022
Oil prices could rebound again in the coming months due to tight supplies, declining spare capacity and low oil inventories, according to Swiss bank UBS. Reuters
Oil to rebound to $125 in coming months, UBS says

Demand for crude in non-OECD countries that account for 54% of the total demand globally remains strong

EnergyAugust 25, 2022
Kuwait is raising its oil production to ensure the stability of supply globally. Getty
Kuwait raises oil output in line with Opec+ accord to meet growing demand

Opec's fourth-largest producer is increasing its crude production in line with its committed 2.81 million barrels per day

EnergyAugust 24, 2022
The euro fell to $0.9939, about 10 per cent lower, at 8.52am on Tuesday. AFP
Euro falls below dollar parity to hit new 20-year low on recession fears

Annual inflation in the euro area was 8.9 per cent in July 2022, up from 8.6 per cent a month earlier

MarketsAugust 23, 2022
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