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Talaat Moustafa plans massive new city project near Cairo
Talaat Moustafa plans massive new city project near Cairo

CAIRO, Egypt: Egypt's Talaat Moustafa Group has unveiled plans to develop a US$27 billion mixed-use city east of Cairo, marking one...

Meta plans first job cuts in May, more layoffs expected later
Meta plans first job cuts in May, more layoffs expected later

NEW YORK CITY/SAN FRANCISCO: Meta Platforms is set to begin a major round of layoffs on May 20 as part of a broader restructuring tied...

Apple, Huawei defy slowdown as China smartphone sales fall
Apple, Huawei defy slowdown as China smartphone sales fall

BEIJING, China: Apple recorded a sharp rise in iPhone shipments in China in the first quarter, outperforming rivals even as the broader...

Fed probe intensifies as Trump threatens to fire Powell
Fed probe intensifies as Trump threatens to fire Powell

WASHINGTON, D.C.: A federal investigation into the Federal Reserve's US$2.5 billion headquarters renovation intensified this week after...

Investors rattle as Netflix co-founder Hastings steps down
Investors rattle as Netflix co-founder Hastings steps down

LOS ANGELES, California: Netflix shares fell sharply in premarket trading after co-founder and chairman Reed Hastings announced he...

Rubber glove makers warn of shortages amid rising input costs
Rubber glove makers warn of shortages amid rising input costs

SINGAPORE/KUALA LUMPUR: A sharp rise in raw material costs, triggered by the war in Iran, is pushing up global rubber glove prices...

Middle East

Section
Talaat Moustafa plans massive new city project near Cairo
Talaat Moustafa plans massive new city project near Cairo

CAIRO, Egypt: Egypt's Talaat Moustafa Group has unveiled plans to develop a US$27 billion mixed-use city east of Cairo, marking one...

Global oil supply hit by 500 million barrel loss amid Iran war
Global oil supply hit by 500 million barrel loss amid Iran war

LONDON, U.K.: The war in Iran has erased more than US$50 billion in global oil output in less than two months, creating one of the...

Airlines brace for higher costs, cuts as jet fuel supplies tighten
Airlines brace for higher costs, cuts as jet fuel supplies tighten

NEW YORK CITY, NEW YORK: A deepening jet fuel crunch linked to the Iran war and the closure of the Strait of Hormuz is raising fears...

Some Israelis unhappy with Lebanon ceasefire
Some Israelis unhappy with Lebanon ceasefire

JERUSALEM/BEIRUT: After many hours of sirens in northern Israel mid-week, people felt an unusual calm later in the week as the ceasefire...

Iran war drives surge in US oil exports toward record levels
Iran war drives surge in US oil exports toward record levels

HOUSTON, Texas: A sharp disruption to Middle East oil flows has pushed the United States to the brink of becoming a net crude exporter...

Peace in Gaza remains elusive as Israel continues to bomb enclave
Peace in Gaza remains elusive as Israel continues to bomb enclave

GAZA CITY, GAZA—Three-year-old Yahya Al-Malahi lay on a metal table in the morgue of Al-Shifa hospital in Gaza City. Family members...