Dubai Telegraph

Nigeria's Dangote refinery looks to raise $1.6 bn in IPO

A Nigerian oil refinery owned by Africa's richest man is preparing an initial public offering expecting to raise $1.6 billion, the company said Friday, in what could be one of the country's biggest-ever stock launches.

Germany hunts climate activist suspected of power grid sabotage

German authorities were Friday hunting a militant climate activist suspected of a spate of attacks on the power grid, the latest sabotage targeting critical infrastructure.

Job growth, but surging diesel prices - Trump's midterms mixed bag

Fresh economic data on Friday brought US President Donald Trump's Republican Party good and bad news ahead of midterm elections, with the labor market showing strong growth but record-high diesel prices likely to further fuel inflation.

CoinRabbit Wins “Best Crypto Lending Platform 2026” Award from International Business Magazine

CoinRabbit has been named Best Crypto Lending Platform 2026 by International Business Magazine, highlighting a lending product that has issued more than $1.45 billion in loans since 2020.

US shows strong job growth in August in boon to Trump

The US job market registered strong growth in August, government data showed on Friday, outperforming expectations and offering President Donald Trump's Republican Party a boost ahead of upcoming midterm elections.

US safety regulator probes Tesla's Cybercab

US auto safety regulators have opened an inquiry into Tesla's driverless Cybercab, questioning how the company concluded that a vehicle with no steering wheel, pedals or mirrors meets federal safety rules.

Workers reeling after VW cuts open door to factory closures

The day after Volkswagen management, shareholders and unions agreed to cut a total 100,000 jobs over the coming years, automotive workers told AFP Friday they were feeling a mix of fury and disappointment.

Liquid Mercury Announces Initial Closing of ACQUA1 Offering

Liquid Mercury today announced that ACQUA1, LLC completed the initial closing of its MERC exchange offering on September 1, 2026.

US shows strong job growth in August in boon to Trump ahead of midterms

The US job market registered strong growth in August, government data showed on Friday, outperforming expectations and offering President Donald Trump's Republican Party a boost ahead of upcoming midterm elections.

Stocks slip as robust US jobs data stokes rate hike chances

Stocks mostly fell on Friday after the US economy created far more jobs than expected last August, making it more likely the Federal Reserve would raise interest rates last to rein in stubbornly high inflation.

US diesel price hits new high on Iran war, squeezing voters

The price of diesel -- the vital fuel used for road hauling, agriculture and construction -- hit a new record Friday in the United States, as disruption from the US war with Iran squeezes voters.

Swiss far-right extremists go on trial amid protests

Six members of the Swiss far-right Junge Tat movement went on trial in Zurich on Friday on charges including inciting hatred in disrupting LGBTQ events, as protesters rallied outside calling for their conviction.

East German refinery adjusts to life without Russian oil

Russia's Druzhba ("Friendship") pipeline long supplied the eastern German oil refinery that provides most of Berlin's fuel -- but all that changed after Russia's 2022 full-scale invasion of Ukraine, which plunged the crucial site into an era of turbulence.

German factory orders rise again in latest recovery sign

German factory orders climbed in July for the third month in a row, official data showed Friday, the latest sign that the struggling industrial sector of Europe's biggest economy is gradually recovering.

IUX Announces Two New Podcast Series: IUX Market Trendline and The Market Journey

IUX has announced the two new podcast series, IUX Market Trendline and The Market Journey, expanding its educational content for audiences interested in financial markets and trading.

SPAYZ.io brings Africa’s payment growth story to Forex Expo Dubai 2026

SPAYZ.io will join Forex Expo Dubai 2026 on 22–23 September at the Dubai World Trade Centre, bringing its latest payment solutions across Africa to one of the industry’s key meeting points for Forex brokers, Fintech companies, and trading professionals. This year, the team will focus on how local payment infrastructure can support Forex businesses entering and scaling across African markets.

Tanker captain arrested over cargo ship sinking off Istanbul

The captain of an oil tanker that collided with a cargo ship which sank off Istanbul leaving 10 missing has been arrested along with his third-in-command on charges of negligent homicide, prosecutors said Friday.

PU Prime Launches Australian Operations under ASIC Licence

PU Prime officially launches operations in Australia through its ASIC-regulated local entity, PU Prime Trading Pty Ltd.With ASIC regulation and local operations in place, PU Prime is strengthening its presence and commitment to the Australian market.

Tesla launches self-driving 'Cybercab' in Texas

Electric-vehicle maker Tesla announced the debut of its self-driving robotaxi, dubbed "Cybercab," on Thursday in a bid to compete with the likes of Uber and Waymo.

'Wallace & Gromit' creators turn 50 with spook-tacular Shaun yarn

Crochet hook in hand, the animator slightly raises the eyelid of a clay model sheep in a filmmaking technique as old as cinema, perfected over five decades by Aardman Animations.

Colombian judge bans strikes on guerrillas if minors are present

A Colombian judge on Thursday ordered President Abelardo de la Espriella's right-wing government to suspend bombings of guerrillas if information suggests the presence of recruited minors.

Yen surges on new intervention talk, US stocks rally

The yen rallied against the dollar Thursday on fresh talk of intervention by Japan to boost its currency, while Wall Street stocks jumped on hopes the US central bank will leave interest rates unchanged.

Volkswagen says cutting 100,000 jobs by end of decade

German car giant Volkswagen said Thursday that management and unions had agreed to cut a total of 100,000 jobs by the end of the decade, the biggest-ever restructuring in the global auto industry.

Spanish PM says no 'solid proof' Morocco planned migrant rush

Spain's Prime Minister Pedro Sanchez on Thursday insisted there was no "solid proof" Morocco orchestrated a migrant rush into the Spanish territory of Ceuta, after a police report alleged failings by Moroccan security forces.

How El Nino is choking the Panama Canal

The Panama Canal will restrict the number of vessels transiting the crucial waterway from Friday for the second time ever due to drought caused by the El Nino climate phenomenon.

OpenAI begins rollout of new powerful AI model GPT-6 Astra

ChatGPT maker OpenAI said Thursday it would begin rolling out its newest and most powerful artificial intelligence (AI) model to select customers, saying it had built in safeguards to mitigate security risks.

Apple faces £2 bn lawsuit in UK over app privacy feature

Apple faces a £2 billion ($2.7 billion) lawsuit brought by UK app developers who accused Thursday the US tech giant of giving its own advertising services an unfair advantage by imposing tougher privacy rules on third parties.

Violence erupts at S.Africa anti-migrant protest

A demonstration against undocumented migrants in South Africa descended into violence Thursday with one foreign national arrested and a community leader saying five Congolese were hurt.

Europe bids to be robot superpower like US, China

AI-powered robots briefly took over the European Parliament this week to showcase the continent's creators as the bloc races to compete in a field dominated by China and the United States.

Tazapay Now Live on the Borderless.xyz Network For Seamless Money Movement to Asia Pacific and Latin America

Tazapay is live on the Borderless.xyz, putting nine additional markets, local-rail payouts, and stablecoin settlement behind the single connection

US Fed official joins growing group open to rate hike if inflation rises

US Federal Reserve Governor Chris Waller on Thursday said he would be prepared to vote for an interest rate hike at the central bank's next meeting in mid-September if data showed inflation has accelerated.

DWF Labs Expands Global Regulatory Footprint with BVI Virtual Asset Service Provider Approval

DWF Labs, an established, market-tested investor and market maker built to strengthen digital asset market infrastructure at scale, today announced an expansion of its global regulatory footprint with a group entity granted Virtual Asset Service Provider (VASP) regulatory approval from the British Virgin Islands Financial Services Commission (BVI FSC).

Dubai Telegraph - Economy (English)

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