Business Desk
Oil Shock Pushes Saudi Economy into Its Sharpest Contraction Since the Pandemic
GDP falls 4.8% as oil activity plunges 24.7%, while the non-oil sector maintains limited growth
British Steel Nationalization Shakes Chinese Confidence.. Is the UK Losing Its Appeal to Investors?
Beijing warns of a blow to Chinese business confidence as indicators point to weakening foreign investment momentum in the United…
Report: Cost of Ownership Reshapes Car-Buying Priorities in the UAE
Reliability, fuel efficiency, and resale value gain importance as hybrid and electric vehicle choices expand
UAE Accelerates Completion of “West-East 1” Pipeline to Double ADNOC Exports via Fujairah
Strategic oil project strengthens Fujairah’s role as a key gateway for UAE crude exports to global markets
ADNOC awards a wave of projects worth $55 billion until 2028 to support the UAE’s energy growth
A broad investment plan boosts local manufacturing and supports the UAE's position in global energy markets.
“OPEC” and “OPEC+”.. A History of Oil Management, Quota Disputes, and Member Withdrawals
Energy alliances face a new test as the UAE exits and questions grow over cohesion within "OPEC+"
UAE’s exit from OPEC and OPEC+: A strategic shift that reshapes the balance of the oil market
This decision grants Abu Dhabi greater flexibility in managing its oil production and presents the oil alliance with a new…
The UAE is out of recession… and the IMF is redrawing the map of losses in the Gulf, Iran, and Iraq
At a time when the International Monetary Fund lowered its global growth forecast to 3.1% for 2026, the UAE emerged…
Syria Nears Banking Deal With Turkey to Open Correspondent Account and Explore Currency Swap
The move aims to facilitate cross-border payments and support bilateral trade amid efforts to expand financial cooperation channels between Damascus…
Afreximbank launches a $10 billion program to protect African and Caribbean economies from the fallout of the Gulf crisis
The program aims to secure vital imports, support energy and tourism, and enhance the resilience of member states in the…
An international report calls for urgent African action to address the repercussions of the conflict in the Middle East
The conflict in the Middle East is driving up energy, food, and fertilizer prices and putting pressure on 29 African…
Dubai Defers Selected Commercial Licensing Fees for Three Months to Support Business Continuity
New measures include postponing certain fees on business licenses to boost liquidity and support business growth in the emirate.
Dubai Financial Market Announces Revision to Minimum Tick Size for Listed Securities Effective April 6, 2026
A new amendment to the pricing mechanism in the DFM to enhance trading efficiency and price discovery accuracy.
Rising oil prices push UAE gasoline prices to their highest level since October 2023
The new prices for April 2026 reflect a jump in global oil, while diesel hit its highest level since July…
Oil prices continue to rise amid escalating conflict in the Middle East and supply concerns
West Texas Intermediate crude surpasses $100 a barrel and Brent approaches $106, amid market concerns about prolonged disruptions to global…