Jack Dutton

Starbucks on Tuesday lowered its expectations for full-year sales and profits after a disastrous quarter that saw a marked drop-off in customer traffic.

The seasonally adjusted S&P Global UAE Purchasing Managers' Index fell to 55.3 points in April, still indicating growth, but had been at 56.9 the previous month.

Americana Restaurants said the decline was due to the “ongoing geopolitical tensions” in the Middle East and the effect of the Ramadan period.

Turkey and ExxonMobil have signed a major liquified natural gas deal as Ankara looks to diversify its energy sources.

Officials and experts who spoke to Al-Monitor highlighted the Lebanese government's history of misusing international aid meant to help the economy and address the country's migration crisis.

The plan is to increase the efficiency of the public sector through cost-cutting measures such as a ban on buying new vehicles for civil servants.

Mohammed Al-Jaadan warned that being a resource-rich country was a curse as well as a blessing because being dependent on one commodity such as oil can hold a country "hostage" to the volatility of global demand and prices.

FDI Markets data, compiled by the Financial Times, found the UAE's financial capital ranked top overall in global "greenfield" FDI projects attracted in 2023.

The artists are refusing to play at the Great Escape Festival in Brighton, a seaside resort in South England, over one of the sponsors' ties to Israel.

The UAE state-backed company recently held talks to recruit senior energy traders to oversee the expansion, Reuters reported.