World faces fresh food price surge due to conflicts, El Nino, FAO warns
The damage inflicted on Russia's oil and gas infrastructure has curtailed the...
Iran War
UAE GDP grows 3% in Q1 2026 as non-oil sector drives expansion
The contribution of non-oil activities to GDP increased to 79.4%, compared with...
OPEC+ agrees September oil hike, expresses concern over attacks on energy assets
Due to export disruptions caused by the Iran and Ukraine wars, successive...
IAG, Air France-KLM trim capacity forecasts as fuel bills become big headache
With little sign of an end to the war, airlines are re-evaluating...
Egypt secures USD 1.8 billion IMF funding amid Middle East disruptions
As per the new arrangement, Egypt will get about USD 1.5 billion...
Iran war hammers Saudi economy as GDP sees largest post-COVID contraction
Overall GDP shrank 4.8% in the three months through June, compared with...
Despite volatile geopolitics, Oman’s property transactions reach USD 3.7 billion
FDI in Oman's real estate sector reached RO602.5 million by the end...
ECB keeps interest rates unchanged, September hike likely amid geopolitical volatility
The return of oil prices to USD 100 per barrel, along with...
UAE’s $150 billion bet: Reshaping post-OPEC oil market
Freed from OPEC quotas, Abu Dhabi is building the pipelines, terminals, and...
Kevin Warsh faces inflation trap as AI boom and Iran shock collide
America is in the middle of a spending spree on AI infrastructure,...