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Economy

Qatar Unveils Detailed Plan to End Lebanon’s Electricity Crisis Within Three Years

Qatar Unveils Detailed Plan to End Lebanon’s Electricity Crisis Within Three Years

Qatar has proposed a comprehensive electricity investment program for Lebanon, including two 825-megawatt gas-fired power plants, a 20-year LNG supply agreement, 800 megawatts of solar energy, 440 megawatts of wind power and electricity imports from Syria.

Anthropic Forecasts Extraordinary AI-Driven Growth

Anthropic Forecasts Extraordinary AI-Driven Growth

Anthropic has modeled a scenario in which AI could push the U.S. economy to roughly $44.4 trillion by 2030, implying growth rates almost unprecedented for a developed economy.

IMF Warns of Growing Global Economic Risks

IMF Warns of Growing Global Economic Risks

The IMF expects the global economy to grow 3.1% in 2026, but warns that the risks beneath that resilience are increasing. War, high debt, rising borrowing costs, inflation and growing dependence on the AI investment boom are all narrowing the world economy’s margin for error.

Qatar Announces Major Electricity Investment in Lebanon

Qatar Announces Major Electricity Investment in Lebanon

Qatar has announced plans to finance, build and operate a major electricity project in Lebanon without requiring upfront investment from the Lebanese Treasury. QatarEnergy and TotalEnergies are also expected to develop a solar power plant as an initial project.

IMF Forecasts Middle East Economy Will Contract 1.3% in 2026

IMF Forecasts Middle East Economy Will Contract 1.3% in 2026

The IMF now expects the Middle East, North Africa and Pakistan region to contract by 1.3% in 2026, reversing 3.3% growth last year as war disrupts energy production, shipping and investment.

Qatar’s Prime Minister Visits Beirut With Reported Plan to Address Electricity Crisis

Qatar’s Prime Minister Visits Beirut With Reported Plan to Address Electricity Crisis

Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani has arrived in Beirut with a reported plan to support Lebanon’s electricity sector, including possible assistance with power generation and fuel supplies.

U.S. Inflation Jumps to 3.7% as Energy Shock Reaches American Consumers

U.S. Inflation Jumps to 3.7% as Energy Shock Reaches American Consumers

U.S. inflation jumped to 3.7% in September, up from 3.4% in August, after gasoline prices surged 9.1% in a single month and accounted for more than half of the monthly increase.