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A supermarket in Tehran. The country has experienced unrest due to a deepening economic crisis. EPA

Oil rebounds more than 1% as supply risks linger amid US-Iran tension

Crude had fallen 4% on Thursday after Trump decided to hold off a military strike

Markets

Saudi Arabia's holdings of US Treasuries rise to $148.8bn

US imposes sanctions on Iran over deadly suppression of protests

IHC teams up with US investment arm in boost to Trump's foreign policy

Oil prices tumble as Trump holds off Iran attack, easing supply concerns

UAE joins US-led Pax Silica to boost AI goals

What is Pax Silica, the tech circle formed by the US that includes the UAE?



Spotlight

  • US President Donald Trump will bring to Davos the largest American delegation to ever attend the World Economic Forum, in its 56th annual meeting. AFP

    CommentWhy Davos matters more today than at any other time

  • Protesters block a road in Tehran. Nationwide demonstrations were sparked by economic hardship. Getty Images

    Beyond the HeadlinesWhat options does Iran have as pressure builds?

  • The Grade II listed white stucco-fronted townhouse in Half Moon Street provides 5,019 square feet of accommodation over seven floors. Photo: Beauchamp Estates / Alex Winship

    Emirati businessman puts £14m Mayfair home that inspired Oscar Wilde up for sale

  • What appeared to be a bronze whaler shark was spotted in Dubai. Photo: Wikicommons

    UAE residents report shark sightings – but toasters are more of a threat

  • Apple and Google are both rivals and partners. AFP

    Why Apple chose Google to boost its AI strategy

  • Equinix, one of the biggest data centre companies in the world provided a rare tour of one of its facilities in Virginia, a place some are calling the data centre capital of the world.

    Tremendous power: A rare look inside the data centre boom fuelled by AI

  • South Korean K-pop boy band BTS at a press conference in Seoul in 2020. AFP

    Nine possible locations for BTS when they return to the Middle East

  • The Roman Amphitheatre in Amman dates back to the second century. Getty Images

    Exploring Amman in 24 hours: What to eat, see and do


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Dr Thani Al Zeyoudi, Minister of Foreign Trade, addresses Abu Dhabi Sustainability Week in the UAE capital. Victor Besa / The National

No clarity on details of Trump's Iran tariff plan, UAE minister says

The Emirates imports food and other products from Tehran

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The London Gateway port, operated by DP World, in Stanford-le-Hope, Essex, in south-east England. Photo: Getty Images

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Members of the New York National Guard on the floor of the New York Stock Exchange. US stocks rose than 1 per cent in the first week of 2026. Bloomberg

US jobs report lifts Wall Street and UK to a solid start in 2026

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Rio Tinto and Glencore restart talks on $200bn mining mega-merger

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Sabic, one of the largest listed companies in the Middle East, is majority owned by Saudi Aramco and trades on the Tadawul stock exchange. Reuters

Sabic agrees $950m sale of European and Americas units

Divestment comes as weak pricing and excess capacity weigh on global petrochemicals

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Saudi Arabia’s economy is projected to grow by 4 per cent in 2026, according to International Monetary Fund estimates. Reuters

Saudi Arabia signals easing in bond sales amid cautious approach to spending

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Oil down at start of 2026 amid geopolitical tensions and oversupply concerns

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Sultan bin Salem, Oman's Minister of Finance, said the 2026 budget aims to foster a diversified, competitive and sustainable national economy. Photo: Oman News Agency

Oman approves 2026 budget and aims for 4% GDP growth through 2030

The sultanate also launched the next phase of its Vision 2040 economic programme

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Why 2026 could be another difficult year for the dollar

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Federal Reserve minutes highlight discord within US central bank

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Lebanon turns to Egyptian gas to ease electricity shortages

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