News
UAE becomes top 10 global exporter, from $949 billion in 2021 to $1.637 trillion 2025, WTO figures show
21+ hour, 10+ min ago (820+ words) ABU DHABI: In a historic first, the UAE has become one of the world's top 10 exporting countries, according to the latest figures from the World Trade Organisation's (WTO) "World Trade Prospects and Statistics" report. This achievement reflects the UAE's position…...
Vietnam exports surge over 17% in Q1 2026
3+ day, 11+ hour ago (170+ words) Computers, phones and machinery lead 17% jump to almost US$100 billion exports HANOI: Vietnam's exports remained resilient in the first quarter of 2026, reaching nearly $100 billion, up more than 17 percent year-on-year. According to Vietnam News Agency (VNA), export performance stayed robust, with…...
Pakistan fuel prices spike over 50% as oil shock hits households
3+ day, 9+ hour ago (562+ words) Fuel price jump deepens inflation risks as global oil surge hits Pakistan Dubai: Pakistan has sharply increased petrol and diesel prices, passing on the impact of surging global oil costs linked to the ongoing conflict in the Middle East, in…...
From pumps to power grids: Oil surge jolts global economy
6+ day, 6+ hour ago (598+ words) Fuel costs surge, forcing cuts, subsidies and emergency measures The global economy is beginning to feel the full force of surging oil prices as conflict in the Middle East disrupts supply routes and drives up energy costs worldwide. With the…...
Oil, aluminium surge as Middle East tensions escalate
1+ week, 8+ hour ago (499+ words) Markets react to supply fears, rising inflation risks and prolonged conflict outlook Dubai: Oil and metals prices surged as markets reacted to renewed tensions in the Middle East, with investors adjusting expectations for a potentially extended conflict and its impact…...
G7 ministers set to tackle financial fallout of Mideast war
1+ week, 15+ hour ago (504+ words) Energy, finance ministers, central bank chiefs to join G7 videoconference Paris: Ministers from the G7 will hold talks on Monday to unpack the economic consequences of the war in the Middle East, the French government said, as oil and gas prices continue…...
Gold drops despite tensions, UAE buyers rush to lock in prices
1+ week, 3+ day ago (977+ words) Falling prices draw buyers even as rates and oil cap gold's near-term upside Dubai: Gold's recent slide has caught many off guard, particularly amid elevated geopolitical risks. Instead of rallying, prices have moved lower, with global macro forces taking control…...
Ghana’s growth vision: Create two million jobs and boost productivity
1+ week, 6+ day ago (145+ words) The plan backs three-shift operations with tax relief and targeted financing In parallel, a $1bn UAE-backed agreement is set to establish Africa's largest AI and technology hub in Ghana, highlighting rising Emirati investment. "The Ghana-UAE relationship is poised for significant growth,…...
US Federal Reserve keeps key interest rate unchanged again amid Iran war
2+ week, 5+ day ago (218+ words) Policymakers voted to keep target range for benchmark rate between 3.50% to 3.75% Dubai: The US Federal Reserve held interest rates steady on Wednesday, in line with expectations, as the US-Israel war with Iran pushes up oil prices and clouds the economic…...
How Poland rose as world's 20th-biggest economy
2+ week, 6+ day ago (1105+ words) Poland's journey to the top 20 economies: Lessons in Growth Today its economy has edged past Switzerland to become the world's 20th largest with over $1 trillion in annual output. It's a historic leap from the post-Communist ruins of 1989-90 to today's European growth…...