Business

Emirates 24/7 — Major global airlines, including Qantas and Air New Zealand, have announced significant increases in ticket prices following a sharp spike in jet fuel costs triggered by Middle East tensions. According to a Reuters report, jet fuel prices surged from $85 to nearly $200 per barrel in

Dubai has solidified its standing as a premier global hub for gold trading, currently handling approximately 20% of the world 's total gold supply. According to a recent report by Finshots, the emirate now ranks as the second-largest gold trading centre globally, following only Switzerland. This gr

Emirates 24/7 — China 's trade surplus soared to an all-time high during the combined January-February period, with exports significantly exceeding market expectations despite ongoing trade tensions with the United States. According to the latest customs data, the trade balance rose to $213.62 bill

Emirates 24/7  — The 32 member nations of the International Energy Agency (IEA) are convening an emergency meeting later today, Tuesday, to address deteriorating conditions in global oil markets. The Paris-based agency confirmed that the high-level session will evaluate current market volatility an

WAM - EDGE, one of the world’s leading advanced technology and defense groups, has announced the launch of the first-of-class (FOC) BR71 MK II Combattante corvette, NRA Ekuikui II, under a landmark EUR 1 billion contract for the Angolan Navy. Launched in Cherbourg, France, the FOC BR71 MK II vessel

WAM - Austria’s Gross Domestic Product (GDP) grew by 0.6% in 2025, surpassing forecasts from economic institutes that had predicted 0.5% growth. This recovery follows two consecutive years of contraction. Latest official data from Statistics Austria confirms that the Austrian economy has rebounded

Emirates 24/7  — The European Union announced on Monday its readiness to strengthen its maritime operations in the Middle East to protect vital shipping lanes, following high-level discussions among EU leaders. The move comes as the bloc considers reinforcing its presence in the Red Sea after U.S.-

Emirates 24/7  — Global stock indices and U.S. equity futures plummeted on Monday as oil prices surged toward $120 per barrel, driven by the escalating conflict in the Middle East. The sharp rise in energy costs has cast a long shadow over global economies, particularly those heavily reliant on cru

Emirates 24/7  — Dubai’s real estate brokerage sector underwent a significant transformation in scale and impact during 2025, solidifying its position as a core regulatory and economic pillar within the emirate’s property ecosystem. The evolution was driven by surging activity levels and an expandi

S&P affirms UAE ‘AA/A-1+’ ratings with stable outlook WAM - S&P Global Ratings affirmed its ‘AA/A-1+’ long- and short-term foreign and local currency sovereign credit ratings on the UAE with stable outlook. The stable outlook reflects the agency’s view that the UAE 's large fiscal and external buff

Emirates 24/7  — Global agricultural prices surged Monday as Middle East hostilities disrupted trade routes and spiked energy and fertilizer costs. The escalation has triggered widespread concerns over international food security and supply chain stability. Vegetable oils and grains saw significant

Emirates 24/7  — An European Commission spokesperson announced Monday that EU oil and gas supply coordination groups will meet Thursday. The meeting aims to discuss the Middle East situation following the Iran crisis. The groups are scheduled to monitor the conflict 's impact on the energy sector a