Economy

Elon Musk is set to take the stand in a fraud trial on Monday where he is accused of lying about securing investment for his company Telsa in a 2018 tweet.

Egypt has signed a $1.5 billion financing agreement with the International Islamic Trade Finance Corporation as it tackles crippling currency devaluation and soaring inflation.

Iraq's Prime Minister Mohammed Shia al-Sudani has replaced the country's Central Bank governor after the incumbent said he wanted to leave the job amid a free fall in the Iraqi dinar.

A new report from Oxfam on global inequality has pointed to tax evasion by Jordan’s wealthiest citizens in the UAE, as CEOs and politicians prepared to mingle at the World Economic Forum in Davos, Switzerland.

Big-money purchases by Saudi clubs of football stars like Cristiano Ronaldo are part of Saudi Arabia's economic strategy for this decade, Saudi finance minister Mohammed Al Jadaan said.

The Palau-flagged MKK-1 cargo vessel was carrying 13,000 tonnes of peas from Ukraine under a UN-backed agreement that Turkey helped broker between Moscow and Kyiv in July.

The UAE has agreed to lend Pakistan additional financial support as the South Asian country reels under a worsening financial and economic crisis, exacerbated by last year's unprecedented floods.

The government’s Supreme Economic Council approved an increase that raised the price of a litre of gasoline from 150 Yemeni riyals (US$0.60) to 487 riyals (approximately US$2) in the central province of Marib.

Saudi Arabia is studying whether to raise its deposit in Pakistan's central bank from $3 billion to $5 billion, and is considering whether to raise its investment in the country to $10 billion.

Malaysian Prime Minister Anwar Ibrahim made his first overseas trip to Jakarta since taking office in November, saying at least 10 Malaysian companies have committed to invest in Nusantara, Indonesia's new capital on Borneo island.