Business
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Major Gulf oil producers collective slash oil output by approximately 6.7 million bpd
Major Gulf oil producers—Saudi Arabia, Iraq, the UAE, and Kuwait—have slashed collective oil output by approximately 6.7 million barrels per…
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Markets on edge as Middle East war roils energy and supply chains
The global economy is entering a period of severe turbulence as the escalating conflict in the Arabian Gulf spreads beyond…
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Oil prices soar toward $120, sparks global alarm as Middle East conflict disrupts supply
Governments around the world are scrambling to contain the economic fallout from surging oil prices, which have fluctuated between $100…
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Oil prices soar nearly 25%; metals spike as Middle East tensions ignite global market turmoil
Global markets were rattled on Monday as oil prices soared nearly 25% to their highest levels since mid-2022, with Brent…
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Asian stocks hit by sharp sell-off after oil jumps nearly 30 percent
Asian stock markets plunged on Monday as oil prices surged by nearly 30 percent amid concerns about supply disruptions from…
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S&P warns prolonged Middle East war could push oil above $100 and disrupt global trade
The global credit rating agency S&P Global Ratings said the economic and financial repercussions of the ongoing conflict in the…
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Kuwaiti oil jumps to $92.81 per barrel amid volatile global markets
The price of Kuwaiti crude oil recorded a sharp increase in the latest trading session, rising by $8.57 to reach…
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Kuwait bourse jumps 112 points, trading value hits 70.4 million dinars
The Kuwait Stock Exchange closed trading on Thursday with its general index rising 111.96 points, or 1.33 percent, to reach…
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Escalating Middle East tensions pose new risks to world economy: Georgieva
The Managing Director of the International Monetary Fund, Kristalina Georgieva, warned on Thursday that the escalating conflict in the Middle…
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Regional conflict disrupts air travel, puts Middle East tourism at risk; 38 million expected to be affected
The escalating military conflict in the Middle East has cast a deep shadow over the region’s tourism and travel industry,…
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