Monday, August 17, 2026
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Monday, August 17, 2026

Business

The United States is set to implement significant tariffs on drone imports, aiming to bolster national security and reduce dependency on foreign supply chains, particularly those controlled by China. The new tariffs, which can reach up...
The ongoing conflict in Iran is exerting new inflationary pressures on the United States by elevating energy costs and disrupting global supply chains. This situation is raising alarms about the potential for higher interest rates to...

US-Iran Tensions Escalate, Boosting Oil Prices Over Strait of Hormuz Fears

Oil prices fell on Friday but managed to secure substantial gains over the week amid escalating military tensions between the United States and Iran....

Breaking: UAE Reduces July Fuel Prices Amid Stabilized Oil Markets Post-Gulf Tensions

The United Arab Emirates has introduced a substantial reduction in fuel prices for the month of July, offering a reprieve to drivers after enduring...

Trump Threatens EU with Total Tariffs in Digital Tax Conflict

President Donald Trump has issued a warning to European nations considering the implementation of digital services taxes targeting American tech giants, threatening a 100%...

Rubio Discusses $300 Billion Iran Fund Concerns with Gulf Allies

US Secretary of State Marco Rubio has initiated discussions with Gulf nations concerning a proposed $300 billion Iran reconstruction fund. The talks, taking place...

New Logistics Corridor Reduces Sharjah-Oman Cargo Transit to 35 Days

Sharjah has unveiled a new logistics corridor with Oman, dramatically slashing cargo transit times from nearly three months to just 35 days. This strategic...

Midar and Majid Al Futtaim Unveil $3.1 Billion New Cairo Development

Majid Al Futtaim, a company based in Dubai, has formed a strategic alliance with Egypt’s Midar Investment and Urban Development Company to embark on...

Abu Dhabi Calls for Oil Loading Resumption at Gulf Ports After Deal

The Abu Dhabi National Oil Company (ADNOC) has announced that its customers can once again load crude oil shipments from its ports at Das...

UAE, Eswatini Sign Visa-Free Travel Pact to Boost Relations

The United Arab Emirates and Eswatini have reached a significant milestone by signing a new agreement that allows for visa-free travel between the two...

UAE Plans New Oil Pipeline to Bypass Strait of Hormuz by 2027

The United Arab Emirates has unveiled plans to complete a new oil pipeline bypassing the Strait of Hormuz by next year, a strategic move...

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