Forbes Middle East

The Federal Reserve’s favored inflation reading was unchanged in July, according to federal data reported Wednesday, as central bank officials have signaled interest rate hikes unless they see improvements to consumer price increases.Key factsAnnual inflation was 3.3% in July, according to core personal consumption expenditures (PCE) price index data published Wednesday by the B...

Meta has settled a landmark lawsuit brought by 29 U.S. states over allegations its social media sites were designed to addict children and it misled the public about their potential dangers, court filings released on Wednesday indicate, agreeing to pay the states a combined maximum of $16.68 billion in total.Key factsMeta did not immediately respond to a request for comment from...

EgyptAir has signed a three-season sponsorship agreement with FC Barcelona, becoming the Spanish club's global partner and exclusive airline for its men's football, basketball, and handball teams through the 2028/29 season.What the FC Barcelona deal involvesUnder the agreement, the EgyptAir logo will also appear on the front of the handball team's jersey during matches, accordin...

Utility firm Abu Dhabi National Energy Company (TAQA) will be delisted from the local bourse following Abu Dhabi Power Corporation’s (ADPC) acquisition of its remaining shares, making ADPC the utility firm’s sole shareholder with a 100% stake.Delisting of TAQATAQA’s board approved the delisting from the Abu Dhabi Securities Exchange (ADX) on Tuesday under a special resolution pa...

Dubai International Airport (DXB) welcomed 31.5 million passengers during the first half of 2026, marking a year-on-year decline of 31.3% as air traffic across the Gulf was impacted by the Iran war, though airline capacity continued to return.DXB’s H1 performanceThe movement of aircraft through DXB fell 32.1% year on year to 150,600 during the six-month period, which was describ...