Rising Oil Prices Amid Iran Conflict Raise Global Supply Fears Oil prices surged on Thursday as the ongoing conflict involving Iran created significant concerns over global energy supply. Analysts warn that the Iran war triggers global oil supply concerns today, affecting both crude and gas markets worldwide. The Middle East remains a critical hub for…
Middle East Tensions Push Tanker Rates to Record Highs SINGAPORE – Shipping costs for oil and gas have skyrocketed globally, with supertankers in the Middle East reaching record daily rates, following Iran’s threats to close the Strait of Hormuz in retaliation for US and Israeli military actions. The Strait of Hormuz, the critical waterway between…
Gold and silver prices climbed in Dubai on Wednesday morning as uncertainty over new US tariffs prompted a surge in demand for safe-haven assets. Market data from the Dubai Jewellery Group showed that 24K gold opened at Dh624.5 per gram, up from Dh619.75 per gram on Tuesday evening, marking a gain of Dh4.75. Other gold…
The India France Tax Treaty 2026 Dividend Rate Cut marks a significant revision to a three-decade-old bilateral tax agreement, reducing dividend tax rates for large French investors while expanding India’s authority over certain capital gains transactions. Under the amended treaty, French companies holding at least a 10 percent stake in an Indian firm will now…
Washington – New US 10% tariffs on imported goods came into force on Tuesday as President Donald Trump moved to reshape his trade strategy after the Supreme Court struck down a significant portion of his earlier global tariff measures. The White House said the newly introduced 10 percent duty is aimed at addressing what it…
The economy of the First Saudi State played a key role in shaping the foundations of modern stability in the Arabian Peninsula, historians say. Strategic measures implemented during this period helped consolidate political influence, unify regions, and promote social organization, setting the stage for a thriving economic system. According to the book Diriyah: Origins and…
India and the United States have postponed planned trade negotiations after the US Supreme Court struck down key tariff measures introduced under the former Trump administration. Officials from India’s commerce ministry confirmed that both countries are taking time to assess the implications of the ruling before moving forward with talks. An Indian delegation had been…
In its first session of 2026, Oman’s Tender Board approved several tenders and supplementary works for development projects spanning multiple sectors, with a total value of OMR 32,597,355. The meeting, chaired by Dr. Khamis Saif Al Jabri, Minister of Economy and Board Chairman, saw the greenlighting of key initiatives including the construction of two flood…
APM Terminals has agreed to purchase a 37.5% stake in the South Container Terminal at Jeddah Islamic Port, in a move aimed at strengthening the port’s integration into global shipping networks. Under the deal, DP World will retain a 62.5% majority stake and continue to operate the facility. APM Terminals is a wholly owned subsidiary…
The Saudi Ports Authority (Mawani) and Qatar Ports Management Company have signed a memorandum of understanding aimed at enhancing maritime and logistics cooperation and strengthening regional and international trade flows. The agreement was signed in Riyadh by Mawani President Suliman Al-Mazroua and Qatar Ports Management Company Chief Executive Officer Abdullah Mohammed Al-Khanji, in the presence…
