اقتصاد

Attock refinery announces closure of main crude plant amid road closures

ISLAMABAD: In a major setback, Attock Refinery Limited (ARL) — the only oil refinery in the north of the country — has been forced to shut down until restoration of ongoing road closures taken under security measures ahead of the possible US-Iran talks. The refinery is the only such facility catering to the fuel requirements of almost all of central and northern Punjab, as well as Khyber Pakhtunkhwa, Azad Jammu and Kashmir and Gilgit-Baltistan. In a mandatory regulatory filing to Pakistan Stock...

Turning off transponders - How some Iran tankers carrying oil are sailing past US blockade

Data from Vortexa indicates that Iranian exports have persisted despite mounting pressure. At least 34 vessels linked to Iran, including tankers and gas carriers, have crossed through the Strait of Hormuz and the US blockade zone.

Selling your old car? Here's how to transfer no claim bonus before it is gone

Selling your old car Heres how to transfer no claim bonus before it is gone

Lingard becomes first British scorer in Brazilian cup

Lingard becomes first British scorer in Brazilian cupImage source, Getty ImagesImage caption, Jesse Lingard left England after spending the 2022-23 season with Nottingham ForestByBen CollinsBBC Sport journalistPublished3 minutes agoFormer England forward Jesse Lingard has become the first British player to score in Brazil's domestic cup, according to his club Corinthians.The ex-Manchester United man opened his account for Corinthians in their Copa do Brasil fifth-round first-leg win at thir...

جنگ یا فروپاشی اقتصادی؛ آیا جمهوری اسلامی می‌تواند در برابر فشارها دوام بیاورد؟

کارشناسان در نشست عمومی ایران‌اینترنشنال در واشینگتن اعلام کردند اقتصاد ایران تحت فشار هم‌زمان جنگ، تحریم‌ها، محاصره آمریکا و اختلال‌آفرینی جمهوری اسلامی در تنگه هرمز، احتمالا سریع‌تر از اقتصاد آمریکا یا جهان، از هم می‌پاشد.

Shoe Zone set to slump to loss as it warns over Iran war hit to trading

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Nippon Life to Reduce Yen Bond Holdings Amid Iran Uncertainty

Nippon Life Insurance Co., Japan’s largest life insurer, plans to pare its holdings of yen-denominated bonds this fiscal year as it continues shifting from low-yielding debt securities to those with higher returns.

Odd Lots: Yergin on the Aftermath of the War in Iran (Podcast)

When it comes to the history of oil and energy, nobody is more famous or well respected than Daniel Yergin. He is the Vice Chairman of S&P Global, and the Pulitzer Prize winning author of both The Prize: The Epic Quest for Oil, Money, and Power and The New Map: Energy, Climate, and the Clash of Nations. So we had to get his insights on the war in Iran, and its historical significance. Yergin tells us that a “different world” will emerge from the crisis surrounding the closure of the Strait o

EU close to signing off on critical €90bn loan for Ukraine after months of vetoing from Hungary – Europe live

Member states meet this morning to discuss loan after longstanding disagreement between Kyiv and outgoing Hungarian PM Viktor OrbánFor what it’s worth, AFP is reporting a senior Kyiv official as telling the agency that Ukraine will restart the oil flows through the Druzhba pipeline “within a few hours.”Let’s see if the EU’s decision can be made before then, or if Hungary will hold out until the oil is actually flowing. Continue reading...

Coles adds 20c to the price of milk as war in the Middle East pushes up Australian grocery costs

Farmers have been calling for higher prices for weeks, amid soaring diesel and fertiliser costs and limited supplyGet our breaking news email, free app or daily news podcastColes has increased home-brand milk prices by up to 20c a litre, with Woolworths set to follow as war in the Middle East starts to hit Australian grocery costs.The price rise will support the company’s bottom line against pressure from higher fuel and operating costs, while some of the revenue will be temporarily passed on to...

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DMCC launches Uptown Dubai twin office towers

Dubai: Dubai Multi Commodities Centre (DMCC) announced the launch of new commercial towers in Uptown Dubai, adding more than 560,000 square feet of luxury office space as demand from finance and technology firms gathers pace.The twin developments — One Uptown Place and Two Uptown Place — will take the district’s total commercial office space beyond 1 million square feet. Leasing is expected to open in the second half of 2026, with completion scheduled for the first quarter of 2028.Sign up for ou...

Earnings to Keep Driving Equities Higher, Schroders Says

Patrick Brenner, CIO of multi-asset at Schroders, discusses earnings and equity markets. "Earnings have continued to deliver strongly," he tells Bloomberg Television. "As long as earnings are strong, we see no reason why equities should slow down," Brenner adds. (Source: Bloomberg)

Rents in Dubai: Landlords pricing units correctly are able to let as market softens

Landlords in Dubai who price their rental units correctly and present them well to potential tenants are able to let their properties as the market has become more competitive, according to Betterhomes.The property brokerage noted that tenants in Dubai are taking time to compare options amid increased supply.Therefore, the brokerage said landlords in Dubai have been advised to price their rental units more realistically, as some segments of the market are softening and becoming more tenant-frien...

India’s Sensex, Nifty fall 1% on Middle East tensions

The indices were affected by the ongoing tensions in the Middle East

Russian stock indices up as trading on Moscow Exchange opens

As of 10:00 a.m. Moscow time, the MOEX and RTS indices were up 0.15% each, reaching 2,761.77 and 1,166.4 points

Diet Cokes ‘can’t’? How Iran conflict is hitting supplies; retailers run out of stock

Diet Coke is disappearing from shelves in major Indian cities due to a shortage of aluminum cans, exacerbated by global supply disruptions. The beverage's heavy reliance on cans, coupled with surging demand for sugar-free options, makes it particularly vulnerable. Companies are exploring costlier overseas imports as domestic production struggles to meet demand.

Can a car lease still help you save tax under the new regime?

Can a car lease still help you save tax under the new regime

Sluggish wheat procurement in Madhya Pradesh drags down nation’s overall sourcing quantity by 16%

Union Agriculture Minister Shivraj Singh Chouhan has flagged challenges faced by farmers during procurement in Madhya Pradesh; directed officials that issues related to “slot booking, registration, and verification be resolved on a priority basis.”

Khalifa Fund launches ‘Funding on the Spot’ at Abu Dhabi entrepreneurship festival

Khalifa Fund for Enterprise Development is taking part in the first edition of the Abu Dhabi Global Entrepreneurship Festival, where it launched a new initiative aimed at supporting business owners with faster access to funding.The event, held at the Abu Dhabi Energy Center from April 20 to 22, brings together entrepreneurs, investors and industry leaders under the theme “Your Impact. Our Economy’s Pulse.”Get updated faster and for FREE: Download the Gulf News app now - simply click here.On-the-...