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Elections

Supporters of Ekrem İmamoğlu gather outside the Istanbul Metropolitan Municipality building to protest against his detention

Turkish political uncertainty casts economic cloud

The detention of a leading opposition figure in Turkey just days before he was to be named as a candidate in presidential elections is likely to set back the country’s campaign against sky-high interest rates and persistent inflation, analysts have warned. Ekram İmamoğlu, the mayor of İstanbul and leading member of the opposition Republican People’s […]

2SWY1JK Baghdad, Bagdad in Iraq - November 15 2024: the bird market Al-Ghazal (Al-Ghazil) at Khulafa Street Iraq houses

Iraq plans to build one million houses in two years

The Iraqi government has set an ambitious target to construct 1 million houses within the next two years to tackle a festering post-war housing crisis, according to an adviser to the prime minister quoted in local media. The government is facing elections in October. The new units would be built within 11 projects and involve […]

Donald Trump, flanked by the first lady Melania Trump, Vice President JD Vance and US House speaker Mike Johnson, addressed energy and trade at his inauguration

Trump doubles down on energy and trade on first day in job

US President Donald Trump pushed forward with multiple, controversial campaign pledges on the first day of his second term in the White House, including on issues such as energy and trade that are bound to affect Gulf economies. Ascribing stubbornly high inflation to “massive” government overspending and “escalating” energy prices, Trump declared after his inauguration […]

People celebrate after Lebanon's army chief Joseph Aoun was elected president, in the town of Klayaa, southern Lebanon

New Lebanese president faces uphill task on economy

Joseph Aoun, the new Lebanese president who was elected on Thursday, faces an uphill task of pulling his country out of the worst financial crisis since independence, according to analysts. After a presidential vacuum of more than two years, the 60-year-old Maronite Christian and former army commander takes over the Baabda presidential palace against the […]

A screen at the New York Stock Exchange after Donald Trump won the US presidential election

Oil slips as investors digest US election fallout

Oil slipped on Thursday, extending a sell-off triggered by the US presidential election, as a strong dollar and lower crude imports in China outweighed supply risks from a Trump presidency and output cuts caused by Hurricane Rafael. Donald Trump’s election win initially triggered a sell-off that pushed oil down more than $2 as the dollar […]

A stand in Beirut displays Arabic newspapers featuring the inauguration of President Donald Trump in 2017. The Arab world has generally welcomed Trump's return to the White House

Arab world welcomes Trump back to the White House

The Arab world has hailed Donald Trump’s successful bid to return to the White House, with his long-standing personal, business and political ties to the region bringing hopes of closer bilateral relationships with the United States for the next four years. The Emir of Qatar, Tamim bin Hamad Al Thani, was the first GCC leader […]

President Donald Trump addresses supporters at a rally at the Palm Beach County Convention Center in Florida

Oil prices fall as Trump wins US election

Oil prices fell on Wednesday as the US dollar rallied on Donald Trump’s election as president. Investors believe a Trump presidency will bolster the dollar as interest rates may need to remain high to combat inflation resulting from any new tariffs and polices that may further pressure China’s economy, weakening demand there. Brent crude oil futures were down […]

Frank Kane, Kamala Harris and Donald Trump

The Greatest Show on Earth: US election results

Wednesday November 6 | 8:30am – 10:30am | Capital Club, DIFC, Dubai Register to attend in person: RSVP@capitalclubdubai.com As the key swing states announce their results, join our Editor-at-Large, Frank Kane, and his guest panellists for expert analysis of the most hotly-contested – and consequential – US Presidential Election in years. Will it be Donald Trump […]

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Donald Trump appeared at a Bitcoin event in Nashville, Tennessee, in July. A Republican government is viewed as being more crypto-friendly than a Democrat government

Bitcoin price passes $70,000 on US election speculation

The price of Bitcoin reached $72,479 this week, the first time that the cryptocurrency has gone above the $70,000 price mark since June.  Although still below its March peak of $73,803.25, the world’s most prominent digital currency may have headroom to rise further. “Bitcoin has rallied more than 65 percent year-to-date, with prices surging above […]