War, weather put ocean shippers on notice for rough seas in 2024
Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop - but it is hardly the only issue that big carriers are fac ...
Oil prices gain 3% on supply concerns after oilfield shutdown in Libya
Oil prices climbed about 3% on Wednesday after a disruption at Libya's top oilfield added to fears that tensions in the Middle East could reduce gl ...
UAE petrol and diesel prices to fall in January
The prices of petrol and diesel in the UAE will drop next month, it has been announced. Prices increased in September and October, then fel ...
U.S. crude inventories fell sharply last week, EIA says
U.S. crude inventories USOILC=ECI fell by 7.1 million barrelsin the last week to 436.6 million barrels, compared with analysts' expectations in a R ...
UAE issues guide to determine corporate tax liability for individuals
The UAE's Federal Tax Authority has issued a guide for natural persons (individuals) who generate income in the country or do business, to help the ...
Shipping firms MSC, CMA CGM suspend passage through Red Sea
Two more major shipping firms, Mediterranean Shipping Company and CMA CGM, said on Saturday they were suspending passage through a Red Sea strait v ...
UAE Central Bank joins GCC payments system Afaq to boost FinTech adoption
The UAE Central Bank has joined the GCC's Afaq payments system as it aims to boost the growth and application of financial technology. Afaq ...
Auto supplier Bosch to cut 1,500 jobs in Germany
BOSCH said Monday (Dec 11) it plans to cut up to 1,500 jobs at two German sites making vehicle transmissions, as the country’s auto suppliers ...
More Advertisers Halt Spending on X in Growing Backlash Against Musk
More major advertisers have paused their spending on X, the social media service formerly known as Twitter, as the backlash continued over Elon Mus ...
Oil tumbles on big US crude stocks build, record
Oil prices fell on Wednesday on a bigger-than-expected rise in US crude inventories and record production in the world’s biggest producer, al ...
Israel-Hamas war likely to have limited impact on global markets
The impact of the Israel-Hamas war in Gaza is likely to have a temporary on global markets, an asset manager has said. “Historically, ...
Mena economies will face fallout from Israel-Gaza war, experts say
Mena economies, including Egypt, Morocco and Tunisia, as well as the countries in the Levant region are expected to be affected by reduced tourism ...
Investors on edge as Middle East conflict intensifies
Investors are watching for signs that the conflict in the Middle East may be escalate over the weekend, potentially ratcheting up volatility as inv ...
The White House details its $105 billion funding request for Israel, Ukraine, the border and more
The total cost of the supplemental funding request was pegged at just over $105 billion. President Joe Biden hopes Congress will move urgently on t ...
LNG tanker diverts from Egypt terminal as gas flows from Israel ebb
A tanker seeking to fill up liquefied natural gas (LNG) at a terminal in Egypt left empty and diverted to another port, after an Israeli pipeline s ...
Oil prices edge higher ahead of Biden Middle East trip
- Oil prices edged higher on Tuesday as investors wait to see if U.S. diplomatic efforts and a trip by President Joe Biden to Israel will prevent t ...
LinkedIn: Microsoft says 668 more jobs to go
LinkedIn owner Microsoft has announced a fresh round of job cuts, with around 670 roles set to go. The social network company says the jobs ...
Oil prices rise following Hamas attack on Israel
Oil prices have jumped on concerns that the situation in Israel and Gaza could disrupt output from the Middle East. Brent crude, the intern ...
Attack on Israel could boost appeal of gold and safe haven assets
 Investors are closely watching events in Israel as a geopolitical risk to markets, with some expectation the violence could prompt a move int ...
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