Fareed Rahman

Oil importers in Global South to feel supply shortage heat, analysts say

Brent forecast to average $81.50 per barrel in 2026 on supply disruptions

Output growth hits three-month high

US-escorted vessels at risk of Iranian mines, missiles and fast attack boats

Prices could hit $150 a barrel if truce falters and Strait of Hormuz remains closed, analysts say

Brent returns to mid $90s as tension intensifies

Emirate’s inflation is forecast to peak at 5.4% in May and fall to 2.9% in December if ceasefire talks lead to the Hormuz reopening

US crude could move back to more than $100 a barrel if there is no progress to end war, analysts say

But reopening of strait in Arabian Gulf remains critical for full flow of trade activity to resume

Nightly hotel charge and municipal fees suspended along with further measures

Deal involves Falaj 3 missile boat class

Dubai developer to operate The Eighth Gate development in Damascus independently

Plans set out to localise more than 5,000 products, as four-day event in Abu Dhabi draws to a close

Energy prices are expected to remain elevated with little progress made to end Iran conflict, analysts say

First phase expected to generate more than $3bn in annual export revenue when operations begin in 2030