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Abu Dhabi reinforces supply chain resilience and business continuity at Traders–Decision Makers Forum
Government officials reaffirmed, during the Traders–Decision Makers Forum recently organized by the Abu Dhabi Chamber of Commerce and Industry, the emirate’s ongoing efforts to support business continuity, strengthen supply chains and the flow of goods, and reinforce Abu Dhabi’s ability to navigate global developments with confidence and a proactive approach.Held at the Abu Dhabi Energy Center, the forum witnessed broad participation from senior government representatives alongside leading figu...
War’s widening cost: How conflict is reshaping the global economy
The US-Israel-Iran war has now entered its second month of reciprocal attacks, alongside Iranian strikes on neighboring Gulf states. Its trajectory remains uncertain, caught between a fragile de-escalation that appears difficult to achieve and a new, unpredictable phase. Against this backdrop, the global economy is struggling to absorb the shock, while people everywhere hope the conflict will not further erode their livelihoods, access to food and medicine, or energy costs. In reality, everyone...
PIA abolishes fare discounts, limits flight operations amid rising fuel prices
Pakistan International Airlines (PIA) on Monday announced that it had abolished all fare discounts and reduced its international flight operations in response to continuously rising aviation fuel prices amid austerity measures. In a statement issued by the spokesperson, the flights to Beijing and Kuala Lumpur would be suspended from April 11 and April 14, respectively, while operations to several Gulf countries would also be halted by the end of April, except for the Un...
Punjab govt finalises market timings plan: sources
LAHORE: The Punjab government has rejected a proposal to close markets at 8pm, opting instead to allow businesses to remain open until 10pm across the province, ARY News reported citing sources. According to Punjab government officials, the recommendations presented to Chief Minister Maryam Nawaz were not approved, as authorities decided against imposing further economic pressure on traders. Sources added that the suggestion to shut markets early has been deferred for now, with the Punjab govern...
Support packages being designed for entrepreneurs in free zones
TEHRAN- The secretary of the Iranian Free Zones High Council, emphasizing support for entrepreneurs amid war conditions, has stressed the design and formulation of support packages for them in free zones.
Hormuz closure divides the fortunes of Middle Eastern oil states
The Strait of Hormuz's closure and the resulting surge in global oil prices have handed financial windfalls to Iran, Oman and Saudi Arabia, while other states that lack alternative shipment routes have lost billions of dollars, a Reuters analysis found. Iran effectively shut the Strait - a route for about a fifth of global oil and LNG flows - after US and Israeli airstrikes on Iran at the end of February led to a widening conflict. It later said it would allow transits by vessel...
Iran's FM warns Trump's threat would impact global energy and economy
Iran's Foreign Minister Seyed Abbas Araghchi warned his French counterpart that implementing Trump's threat would have repercussions on energy and the global economy, Al Jazeera reported on Monday.
Max-Hervé George leads SWI Group IPO on Euronext Amsterdam through SWI Capital Holding
SWI Capital Holding Ltd., the parent company of SWI Group, has completed its IPO on Euronext Amsterdam, with shares trading under the ticker symbol “SWICH.” The IPO marks the entry of SWI Capital Holding into European public markets, formalising a listed holding structure for SWI Group’s diversified global investment platform.For SWI Group, the move represents a structural evolution rather than a transactional event. As of 31 December 2025, SWI Group reported a pro forma balance sheet of approx...
Isa savers under 65 have ‘last chance’ in the new 2026-27 tax year
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More foreign marques face a do-or-die moment as Chinese buyers shun petrol cars
A number of underperforming international car brands are likely to either exit the mainland Chinese market or scale down operations, as losses mount due to falling sales and shrinking market share. Carmakers delivering fewer than 1,000 units a month already faced a do-or-die situation in the world’s largest automotive market because the weak sales were not enough to cover their manufacturing and operating costs, according to analysts. Some carmakers are likely to follow Skoda, Volkswagen’s...
Diesel remains volatile as prices rise again despite Labor’s fuel tax relief
Energy minister Chris Bowen says 3.4% of Australia’s service stations had no diesel, as of Monday, after wholesale prices surgedTrack Australia’s fuel prices, service station outages and shipments in chartsGet our breaking news email, free app or daily news podcastDiesel users in Australia are not enjoying the same relief as unleaded customers, with one in 30 service stations still entirely out of diesel and prices rising again after an initial slump last week.But while the energy minister, Chri...
Man spends £600 on National Lottery Scratchcards and winnings leave him speechless
Man spends £600 on National Lottery Scratchcards and winnings leave him speechlessA man spent £600 on National Lottery Scratchcards, and he was floored by the events that unfolded. His winnings left him totally speechless after he splashed the cashCommentsMoneyKatie-Ann Gupwell Content Editor08:27, 06 Apr 2026Updated 08:27, 06 Apr 2026View ImageHe spent £600 on National Lottery Scratchcards (stock image)(Image: undefined via Getty Images)Lots of people try their luck by buying a Scratchcard ever...
Surging oil prices push Hong Kong’s laundry sector to freeze hiring, halt orders
Surging oil prices are driving up costs for Hong Kong’s laundry sector, with the tripling of fuel costs forcing some operators to turn down new orders and freeze hiring. An industry representative said on Monday that the price of industrial diesel, commonly known as “red diesel”, had surged from about HK$6 (80 US cents) per litre in late February to as high as HK$17.50 in early April – an increase of more than 190 per cent in just over a month. The sharp rise has significantly raised operating.....
Charity 'feels the pinch' of higher energy prices
Charity 'feels the pinch' of higher energy pricesJust nowShareSaveAdd as preferred on GoogleLeigh MilnerLondonBBCShane Dorsett, from The Felix Project, says the charity is feeling the effects of higher energy and fuel prices because of the conflict in the Middle East"We have big chillers that hold all of our chilled and frozen food across the city, where we'll see increased prices. We will feel a pinch and so will our charity partners downstream."Shane Dorsett, chief ope...
Dubai South announces rent relief, payment flexibility and waived fees for SMEs
Dubai South has announced a new support package for small and medium enterprises (SMEs) operating at its Business Park, introducing a set of flexible measures designed to ease financial pressures and support business continuity.The initiative aligns with the UAE government’s broader efforts to safeguard economic stability while enabling companies across Dubai to continue expanding.Get updated faster and for FREE: Download the Gulf News app now - simply click here. Rent relief and payment flexib...
New Trump Deadline Looms as Ceasefire Push Keeps Markets on Edge
US allies are reportedly pressing for a last-minute deal with Iran, as President Donald Trump extended his deadline to Tuesday for Tehran to reopen the Strait of Hormuz, keeping markets on edge over whether a breakthrough can be reached.
China’s electric truck revolution: powerful painkiller for the Iran war?
For marketing manager Wang Yuan, who sells electric heavy-duty cargo trucks in the rugged landscapes of Xinjiang in western China, business is riding a new and powerful wave. The commercial vehicle company he works for is a major player in the domestic market. The lion’s share of its electric heavy trucks are destined for coal-rich provinces including Shanxi and Inner Mongolia, apart from Xinjiang itself. In Xinjiang alone, according to Wang, sales across all brands reached around 16,700 units.....
Track current petrol and diesel prices, service station outages and shipments – Australia's fuel crisis in charts
How much fuel does Australia have left today, and when could we run out? Check how much petrol and diesel prices have risen near you in Sydney, Melbourne and across the country since the US and Israel’s war on Iran began in late FebruaryGet our breaking news email, free app or daily news podcastHundreds of service stations across Australia have run empty, fuel prices are elevated and oil shipments have been cancelled.Australia is battling a fuel crisis as Iran’s closure of the strait of Hormuz c...
Major Fertilizer Buyer India Issues Tender as War Hits Supply
India, the world’s largest urea importer, is seeking to buy about 2.5 million tons of the key crop nutrient ahead of the monsoon sowing season as the Middle East conflict disrupts domestic production, tightening availability.
Private capital pay jumps to $750,000 as Abu Dhabi, Riyadh draw top talent
Dubai: Private capital activity is accelerating across the Middle East and Asia Pacific, with the Gulf moving firmly into focus for global investors and senior dealmakers.Sign up for our daily business newsletter, Cheques & Balances.Fresh data from Heidrick & Struggles shows 73% of professionals expect market opportunities to improve over the next 18 months, up from 60% a year earlier, pointing to a clear shift in sentiment as deal pipelines rebuild.That momentum is translating into hiring...