Articles
Emirates airline posts record $5.4bn annual profit
Dubai carrier reports rise in revenue despite impact of war on last month of fiscal year
Oil prices ease but analysts warn supply risks could push crude above $120
Strait of Hormuz stand-off and flaring geopolitical tension dent hopes of restoring energy supplies from Gulf
Adnoc Drilling finalises $204m deal with Oman’s MB Petroleum Services
Abu Dhabi company completes its acquisition of an 80% stake in MBPS, ahead of schedule
Oil prices pull back after hitting four-year high on US-Iran escalation fears
Since the Iran war broke out, Brent has risen by 64 per cent, while WTI has leapt by 60 per cent
Oil tops $110 as stalled US-Iran talks stoke supply concerns
US is reviewing a proposal from Tehran while the vital Strait of Hormuz remains largely blocked
War pushes Iran’s economy to brink as two million jobs vanish
IMF projects 6.1% contraction as $270bn in damages leaves Tehran with little room to rebuild
Dubai rents defy regional tensions as first quarter values reach $8.8bn
Dubai Land Department data also shows that 3,599 real estate licences were issued during the quarter
Aldar secures $1.36bn in sustainability-linked credit to fund expansion
Financing comes from syndicate of 10 UAE, regional and international institutions
Saudi Arabia extends $3 billion support to Pakistan to ease debt pressure
Islamabad under financial strain with loan repayments
Up to 70% of global companies expect export growth despite Iran war
Conflict has reshuffled the risk map after a year of trade tension, Allianz Trade survey finds
Air fares to surge as jet fuel prices remain high despite ceasefire
The Middle East conflict has affected travel demand, but regional airlines are expected to bounce back quickly
Indians to pay 10 rupees less for petrol and diesel after fuel taxes slashed
Retailers such as Hindustan Petroleum, Indian Oil Corporation and Bharat Petroleum have faced mounting losses due to rising price of crude
Oil prices near $101 on Iran war ceasefire optimism
US said to have sent 15-point plan to Tehran aimed at ending conflict
AWS Bahrain operations disrupted for second time this month due to drone attack
Repeated disruption exposes risks of heavy reliance on cloud services
Oil prices fall more than 10% as Trump postpones Iran strikes
US President says he will order military to postpone strikes for five days
