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US gas prices surge to highest level in four years, averaging $4.15 a gallon
Oil prices surged after negotiators remained gridlocked over reopening of strait of Hormuz, sending prices $1 higher than last yearUS gas prices rose to their highest level in four years on Thursday, reaching an average $4.18 a gallon at the pump as US-Israeli peace talks with Iran remain at a standstill.The last time average US gas prices breached $4.15 a gallon was in April 2022, when oil prices soared shortly after Russia invaded Ukraine. Average gas prices are now $1 higher than just a year...
Dubai Islamic Bank posts Dh3.5b Q1 revenue as assets reach Dh420b
Dubai: Dubai Islamic Bank reported operating revenue of Dh3.5 billion for the first quarter of 2026, up 13% year-on-year, as the lender maintained steady growth across core business lines and strengthened its balance sheet.Get updated faster and for FREE: Download the Gulf News app now - simply click here.“The first quarter of 2026 has once again shown the strength of the UAE’s foundations and the confidence that its economy continues to command, even as regional developments shape a more watchf...
UAE quits Opec: Why oil markets reacted; what happens next
The immediate market response to the UAE's departure from the Opec alliance reflects two competing forces: geopolitical tightness today and supply uncertainty tomorrow.Brent crude rose above $111 per barrel, supported primarily by the Hormuz crisis and Iran conflict. But traders also warned that removing a major spare-capacity contributor from coordinated supply management could weaken future price discipline.Analysts say the UAE could eventually increase output by up to 30 per cent above previo...
UAE to Leave OPEC in May as Iran War Reshapes Oil Market
The United Arab Emirates will leave OPEC, dealing a blow to the group and its leader Saudi Arabia as the global oil industry grapples with the massive supply disruption caused by the Iran war. Joumanna Bercetche explains. (Source: Bloomberg)
Beijing Auto Show: China Raises Its Winning Game
InnovationTransportationBeijing Auto Show: China Raises Its Winning GameByNeil Winton,Senior Contributor.Forbes contributors publish independent expert analyses and insights. U.K.-based Neil Winton covers the European Auto industry.Follow AuthorApr 28, 2026, 12:34pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.XPeng CEO He Xiaopeng speaks at the launch of the Xpeng GX on the opening day of the Beijing Auto Show in Beiji...
3 unexpected downsides of debt relief to know before enrolling
MoneyWatch: Managing Your Money 3 unexpected downsides of debt relief to know before enrolling We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes...
UAE announces it will leave OPEC
The United Arab Emirates said it would leave the Organization of the Petroleum Exporting Countries after being a part of the group that coordinates oil output among the world’s top producers for over five decades. NBC News’ Christine Romans reports on the motivations behind the UAE’s withdrawal.
FTSE 100 edges higher but US tech stocks wobble
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Bookkeeper stole £1.4million from company so she could splurge on a Harley Davidson motorcycle and £87,000 in Next
Bookkeeper stole £1.4million from company so she could splurge on a Harley Davidson motorcycle and £87,000 in NextBy CLAIRE DUFFIN, SENIOR REPORTER Published: 17:29, 28 April 2026 | Updated: 17:33, 28 April 2026 e-mail View comments
BofA Sees Record May for High-Grade Sales, Topping $190 Billion
Bank of America Corp. expects this May to be the busiest since the Covid-19 pandemic for US investment-grade corporate bond sales, as companies rush to raise capital before rising oil prices and a strong US economy can weigh on borrowing costs.
UAE's withdrawal from OPEC will lower oil prices in the long term — expert
Chief Economist at the Stolypin Institute for Economic Growth Boris Kopeikin recalled that the UAE accounts for approximately 4% of global oil production and is estimated to hold more than 7% of all global reserves
Fears of resurgence in Somali piracy after three vessels hijacked in past week
Pirates appear to be taking advantage of international naval strength being diverted elsewhere in regionThree vessels have been hijacked off the coast of Somalia in the past week, raising fears of a resurgence in piracy around the Horn of Africa – and adding to the woes of the global shipping industry.The merchant vessel Sward was taken over on 26 April, a day after a dhow was seized. These followed the 21 April hijacking of Honour 25, a motor tanker carrying 18,000 barrels of oil, according to...
Why did UAE decide to exit OPEC? Government officials, industry experts reveal reasons behind move
Dubai: The UAE will exit the Organization of the Petroleum Exporting Countries and the broader OPEC+ alliance effective May 1, 2026, a move officials say is aligned with long-term energy strategy while analysts point to wider market implications.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The decision ends nearly six decades of UAE participation in coordinated oil production policy. The country joined OPEC in 1967 through Abu Dhabi and remained a member af...
e& posts Dh19.4b revenue in Q1 on strong subscriber growth
Dubai: e& reported consolidated revenue of Dh19.4 billion for the first quarter of 2026, up 15.1% year-on-year, supported by strong subscriber growth and demand for digital services.Get updated faster and for FREE: Download the Gulf News app now - simply click here.Net profit rose to Dh2.9 billion, marking a 3.9% increase compared with the same period last year, excluding gains from the sale of Khazna. Earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 16.5% to Dh8...
Faisal Islam: Why the UAE's exit from Opec is a big deal
Faisal Islam: Why the UAE's exit from Opec is a big deal10 minutes agoShareSaveAdd as preferred on GoogleFaisal IslamEconomics editorGetty ImagesIt is a very big deal that the United Arab Emirates (UAE) has announced its abrupt exit from Opec, the Organisation of Petroleum Exporting Countries. The Emiratis were members even before they became a nation state in 1971.Opec is the organisation of mainly Gulf oil exporters, which for many decades controlled the price of crude oil by decreasing o...
UAE Withdraws From OPEC Amid Gulf Tensions, Global Energy Uncertainty
Agadir – The United Arab Emirates announced today its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+, marking a shift in Gulf energy politics amid rising regional tensions and pressure on global oil markets. The decision, which takes effect on May 1, comes as the ongoing Iran war continues to disrupt energy flows through the Strait of Hormuz and expose growing divisions among Gulf allies. OPEC is an intergovernmental organization which gathers major...
Sooryavanshi is supernatural: Pakistani commentator hits back at Indian media
After a barrage of bouncers from the Indian media following his comments on IPL teen sensation Vaibhav Sooryavanshi, Pakistani cricket commentator Nauman Niaz has responded with a Tendulkar-esque straight drive.Bewildered by the 15-year-old Indian batting prodigy’s freakish exploits in the Indian Premier League, Niaz made a lighthearted comment during a recent podcast that Sooryavanshi “needs to be checked in a lab if he has got some AI chip in him”.Niaz, a doctor by profession who follows crick...
Founder of Shark Tank-backed startup Scholly sues his acquirer Sallie Mae
When Chris Gray sold his Shark Tank-backed scholarship search startup Scholly to Sallie Mae in 2023, he thought he had it all. Now he’s suing the student loan giant for wrongful termination and alleging that it’s selling the data his app collected, which includes personal info on minors, without properly informing users. Gray co-founded the company a decade prior with the hope of helping students more easily find college scholarships that were going untapped. Within two years, he nabbed Sh...
Ryanair CEO Is ‘Less Concerned’ Europe Will Run Out of Jet Fuel
Ryanair Holdings Plc Chief Executive Officer Michael O’Leary is “increasingly less concerned” about Europe facing a jet-fuel shortage in the coming months, though summer ticket sales may take a hit because of the uncertainty surrounding the Iran war.
Asian Beach Games boost development of rural areas in Hainan’s Sanya — newspaper
According to the newspaper, during the large-scale sporting event taking place in Sanya on April 22-30, many foreigners, including media representatives, were greatly impressed by the local tropical climate and the small villages located on the outskirts of the city