Oman gas output rises 1.3% as oil exports grow despite falling crude prices Oman has reported a steady increase in energy production, with official data showing a rise in natural gas output alongside stronger oil exports. The Oman gas output rises 1.3% as oil exports grow trend reflects the country’s efforts to maintain energy stability…
Brent and WTI Crude Prices Slide as Strait of Hormuz Reopens Oil prices fell sharply on Wednesday after U.S. President Donald Trump announced a two-week ceasefire with Iran, marking a significant de-escalation in tensions that had disrupted global oil markets. The temporary truce requires Iran to allow safe and immediate passage through the Strait of…
Middle East Trade Disruption and Global Economic System The Middle East Trade Disruption has emerged as a defining challenge for the global economy in recent years. Modern economic systems rely heavily on interconnected trade routes, stable energy supplies, and efficient logistics networks. When instability affects a region as critical as the Middle East, the consequences…
Oil jumps over 5% as Trump continues Iran attacks amid war fears Oil prices surged sharply in global markets after US President Donald Trump confirmed that military operations against Iran would continue, raising concerns about prolonged conflict and supply disruptions. The sudden increase reflects growing anxiety among investors who fear that escalating tensions could impact…
Modular Construction and Strategic Planning for Saudi Arabia 50 New Hotels Saudi Arabia 50 New Hotels Development by 2029 marks a historic step in the Kingdom’s hospitality and tourism expansion. The newly launched AYARA hospitality platform aims to develop 50 international hotels by 2029 under a $1 billion initiative. This project will strengthen business travel…
Larry Fink, chief executive of BlackRock, has raised concerns about the global recession risk if oil hits $150 per barrel. Speaking in an interview, Fink emphasized that persistent high energy costs could strain economies worldwide, affecting businesses, consumers, and government budgets. As the head of the world’s largest asset management firm, overseeing $14 trillion in…
22K Gold Falls Below Dh490 per Gram Amid Market Volatility Dubai’s gold market opened on Tuesday with noticeable declines, reflecting the combined impact of a stronger US dollar, global economic concerns, and geopolitical tensions. In early trading, 22K gold slipped below Dh490 per gram, while 24K gold opened at Dh522.5 per gram, down from Dh530.75…
Bosnian Truckers Block EU Freight Terminals Over Visa Rules and Entry Exit System Dispute Truck drivers in Bosnia have launched protests by blocking key freight terminals along the border with Croatia, expressing strong opposition to new visa-related regulations affecting their work within the European Union. The demonstration, which took place on March 23, 2026, reflects…
Oil Plunges as Trump Postpones Military Strikes Against Iranian Energy Infrastructure Explained Global oil prices dropped sharply on March 23, 2026, after U.S. President Donald Trump confirmed a temporary pause in planned military action targeting Iran’s energy facilities. The announcement introduced a five-day delay at a time when tensions across the Middle East were already…
Oil prices fall after Iraq Kurdistan export deal improves supply outlook while Middle East tensions continue to create uncertainty in global oil markets BEIJING/SINGAPORE: Oil prices moved lower on Wednesday as fresh developments from Iraq signaled a potential increase in crude supply, bringing some relief to global markets that have been under pressure for weeks….
