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UAE among top 10 global exporters in a historic first as trade surpasses Dh6 trillion
The UAE has climbed the ranks as ninth largest exporter of goods globally and 13th in goods imports, in a historic first for the country, according to the World Trade Organization.In its “World Trade Prospects and Statistics” report, WTO ranked the UAE for its significant increase in goods and services trade, which rose from Dh3.5 trillion in 2021 to Dh6.014 trillion in 2025.The value of the UAE’s trade in goods reached Dh4.9 trillion, with more than half (53 per cent) representing exports of t...
Balochistan govt issues new timings for markets, wedding halls, restaurants
QUETTA: The Government of Balochistan has announced new operating hours for markets, wedding halls, and restaurants across the province, ARY News reported. According to the Balochistan Home Department, all markets and shopping centres in Quetta will now close at 8:00 PM. However, essential services including medical stores, tandoors, and naan shops have been exempted from the restrictions. Officials further stated that all events at wedding halls, banquet halls, and hotels must conclude by 10:00...
Interceptor Missiles Save Lives, but Stockpiles Are Dwindling
Defense systems that shoot projectiles out of the sky have become one of the most important components of warfare, so much so that militaries face a diminishing supply.
Some UAE banks offer loan deferments, flexible payment plans amid regional conflict
[Editor's Note: Follow Khaleej Times live blog amid US-Israel-Iran war for the latest regional developments.]Some UAE banks are offering loan deferments and flexible payment options to support customers affected by ongoing regional tensions, with targeted measures for SMEs and frontline personnel.Abu Dhabi Islamic Bank (Adib) has rolled out its “Sanadna” initiative, providing payment deferrals and financial relief to frontline workers and small and medium-sized enterprises.Under the s...
OPEC+ Plans Symbolic Output Quota Hike Amid War, Delegates Say
OPEC+ members plan to raise their production quotas for May, in a symbolic move as the Middle East conflict constrains production and shipments from several of the alliance’s largest members.
OPEC+ to discuss oil production rise as Iran war weighs on markets
VIENNA, Austria: Key members of the OPEC+ oil cartel will on Sunday discuss production quotas for next month as the US-Israeli war against Iran unsettles global oil markets. The eight-strong V8 (Voluntary Eight) group in the alliance, which includes top oil producers Saudi Arabia and Russia — as well as several Gulf states who have been hit by Iran’s retaliatory airstrikes — are to decide whether to increase production as prices rise. Last month, the group announced a higher-th...
Saudi Arabia’s non-oil business activity shrinks in March amid Iran war PMI shows
Saudi Arabia’s non-oil private sector activity contracted in March for the first time since August 2020, as the Iran war snarled up supply chains, a business survey showed on Sunday. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI), compiled by S&P Global, tumbled to 48.8 in March from 56.1 in February. Readings below 50 denote contracting activity. Naif Al-Ghaith, Riyad Bank’s chief economist, said the drop into contraction territory was...
'Elderly couple had to find £1k for home heating oil'
'Elderly couple had to find £1k for home heating oil'Just nowShareSaveAdd as preferred on GoogleRobbie MacdonaldLocal Democracy Reporting ServiceGetty ImagesOne elderly couple told a councillor they had to find £1,000 for an oil deliveryPeople living in rural Lancashire have seen prices double for their home central heating oil since the US-Israel war with Iran began, councillors at one local authority have said.Current oil supply uncertainty means some households are having to accept...
Edible oil and ghee prices likely to surge in Pakistan after petrol hike
After a sharp increase in petroleum prices, a further rise in the prices of ghee and edible oil is now expected, adding to public concerns over inflation. In Pakistan, increases in fuel prices typically lead to a rise in the cost of essential goods. Following the recent hike, prices of various items, including transport fares, have already gone up despite government assurances. An adviser to the Pakistan Vanaspati Manufacturers Association, Kainat Raza, has warned of a significant increase in gh...
عضو کمیسیون اقتصادی مجلس: با وجود خسارات زیاد، فعلا ناچاریم جنگ و مقاومت را ادامه دهیم
حسین صمصامی، عضو کمیسیون اقتصادی مجلس گفت: «با وجود خسارات جنگ، جمهوری اسلامی فعلا ناچار به مقاومت و ادامه مقابله است تا هزینه جنگ برای دشمن افزایش یابد.» او افزود: «آمریکا و اسرائیل پس از ناکامی در اهداف اولیه، با حمله به زیرساختهای اقتصادی در حال تشدید درگیری هستند.»
Hong Kong economy showed resilience in first quarter of 2026, Paul Chan says
Hong Kong’s economy showed resilience in the first quarter of 2026 amid a more volatile stock market, even though the conflict in the Middle East continued to fuel market jitters, the city’s finance chief has said. In a review of the city’s economic health in the first three months of this year, Financial Secretary Paul Chan Mo-po on Sunday attributed Hong Kong’s performance to the steady growth of mainland China’s economy, with the city leveraging the situation to establish itself as a global.....
Danantara Advances Asset Manager Merger With $159 Million Deal
Indonesia’s sovereign wealth fund is advancing a plan to combine the asset management units of state-owned lenders to boost their regional competitiveness.
OPEC+ debates theoretical oil output hike amid Iran war paralysis, sources say
LONDON: OPEC+ may approve an oil output increase on Sunday, four sources from the group said, a rise that will largely exist on paper as its key members are unable to raise production due to the U.S.-Israeli war with Iran. The war has effectively shut the Strait of Hormuz – the world’s most important oil route – since the end of February and cut exports from OPEC+ members Saudi Arabia, the UAE, Kuwait and Iraq, the only countries in the group which were able to significantl...
India turns to ‘trusted friend’ Russia for oil, LNG supply as Iran war energises ties
As Russia comes to India’s aid amid the global energy crisis, a familiar mantra has resurfaced among officials and political analysts – that Moscow is New Delhi’s “all weather-friend”. Such a stance is anchored by deep strategic interests, with both countries viewing each other as vital to their balancing between China and an increasingly erratic United States, according to observers. On Friday, Russian First Deputy Prime Minister Denis Manturov said Moscow was well-positioned to ramp up energy....
How we gave up on forgiveness
What was once seen as a virtue is now viewed as a moral weakness — leaving a society mired in toxicity
UK courts Anthropic to expand in London after US defence clash
Keir Starmer’s government steps up efforts to get American AI start-up to grow its presence in Britain
Gulf war erodes 90pc investment in T-bills
KARACHI: The Gulf War has begun to affect the Pakistani economy as hopes for an early recovery diminish with the conflict’s increasing intensity each day. The latest data from the State Bank showed that 90 per cent of foreign investment in domestic bonds had been withdrawn. Local investments in treasury bills are increasing as returns have risen to 11.5 per cent compared to the SBP’s policy rate of 10.5pc. This makes them very attractive to foreign investors, but a war ongoing for more than 35 d...
Would Michigan investigators be able to prove murder in a case without a body?
After Dee Warner, a Michigan businesswoman and mother, disappeared from her home, her family believed she has been murdered and suspected her husband Dale Warner. But without physical evidence, they knew it would be hard to prove.
US–Israel war on Iran, day 37: Trump and Iran trade threats as search for missing F-15E crew member continues
Pope marks first Easter under cloud of Mideast warPope Leo XIV is set to mark Easter Sunday for the first time as pontiff, with the Middle East war casting a pall over the most important date in the Christian calendar.The US-born pope, who has emerged as a leading voice against the war, will hold mass in St Peter's Square from 0830 GMT in front of thousands of faithful.Speaking during an Easter Vigil on Saturday, the pontiff called for "a new world of peace and unity" and decried the divisions...
OPEC+ monitoring committee to discuss oil market situation
The Joint Ministerial Monitoring Committee will also discuss the level of compliance with OPEC+ agreement terms