Economy

The new prices will take effect from March 7

UAE developer says strong policies and stable leadership will keep long-term investor confidence intact

Global inventories sufficient to cover 400 days of strait disruption

Over 1.5 million passengers affected as hub airports seize up

A national action plan under review would limit physical office attendance and shift schools online during peak consumption periods

Credit agency says Kuwait and Qatar best placed to absorb shock; Bahrain and Iraq face greater pressure

War risk surcharges and rising freight rates are threatening the country's textile sector, which drives 60% of national exports

Analysts say a mix of coal, indigenous gas and fuel oil could buffer the impact, but warn prolonged disruption risks broader energy crisis

Officials rule out immediate petrol, diesel shortage in the country as “adequate stocks” are available for key products

Policy paper warns limited fuel stocks and blocked shipping could threaten industry and exports

Deputy PM says demand will be met as fears grow over disruptions near Strait of Hormuz

Upstream energy producers may gain from higher prices while refiners, chemicals and metals face rising costs

Pakistan’s largest refinery shifts to U.S. and West African crude as supply risks grow around key Gulf chokepoint

Strong capital and liquidity buffers expected to cushion banks if hostilities remain short-lived

Officials dismiss social media reports claiming the UAE had withdrawn the funds as “false and baseless”

The yields for all four tenors rose by 21 to 39 basis points