1+ day, 5+ min ago   (527+ words) Drone attacks on Saudi Arabia's key east-west oil pipeline threaten to halt exports within days, potentially cutting global supply by 4% and worsening the existing fuel crisis. LONDON: Saudi Arabia will run out of oil stocks for exports if it doesn’t…...

1+ day, 56+ min ago   (660+ words) Despite the UAE's announced trade suspension with Iran, informal trade and financial ties persist in Dubai, sustained by a large Iranian community and historical economic interdependence. DUBAI: In the markets of old Dubai, saffron, cumin, pistachios and almonds from Iran…...

3+ day, 7+ hour ago   (170+ words) Gulf foreign ministers plan to meet their Iranian counterpart in a push by Oman and Iran to secure buy-in for a temporary deal to manage shipping through the Strait of Hormuz, the Financial Times reported on Friday. Oil prices set…...

3+ day, 8+ hour ago   (351+ words) Pakistan urged Hong Kong to resume Cathay Pacific flights to boost trade, tourism, and business ties. Both sides reaffirmed commitment to deepen economic cooperation and people-to-people linkages. Pakistan has urged Hong Kong to explore the resumption of Cathay Pacific flights…...

3+ day, 7+ hour ago   (351+ words) SINGAPORE: Vessel transits at the Strait of Hormuz fell to seven on Thursday from 11 the previous day, preliminary ship-tracking data showed on Friday, well below the 10-day average of 15. Of the seven vessels, two Panamax ships exited the strait, one…...

5+ day, 1+ hour ago   (224+ words) SINGAPORE: Kuwait Petroleum Corp is offering the option of ship-to-ship transfers outside the Strait of Hormuz to its buyers for safe transportation to final destinations, a company official said on Wednesday. “Whenever it is safe, we are passing some ships…...

2+ week, 13+ hour ago   (370+ words) BENGALURU: Most Gulf stock markets closed lower on Sunday as investors turned cautious after US Federal Reserve Chair Kevin Warsh reiterated the central bank’s commitment to bringing inflation back to target, boosting expectations of another interest-rate increase. Warsh said at…...

2+ week, 3+ day ago   (287+ words) KUALA LUMPUR: Malaysian palm oil futures reversed earlier gains on Thursday, closing lower for a third straight session, pressured by sluggish export demand, expectations of higher output and weaker crude oil prices. The benchmark palm oil contract for November delivery…...

2+ week, 5+ day ago   (311+ words) Pakistan's Prime Minister Shehbaz Sharif aims to transform economic ties with Saudi Arabia into a strategic partnership, as a Saudi business delegation expresses interest in diverse investment sectors. ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday said Pakistan was keen to…...

3+ week, 1+ day ago   (300+ words) BEIJING: China’s iron ore imports in July slipped by 4% from the prior month, as some domestic steelmakers began equipment maintenance amid shrinking steel margins, curbing appetite for the key steelmaking ingredient. The world’s largest consumer of the raw material brought…...