Economy

Shell latest oil giant to see profits surge due to Iran war impact

Shell has become the latest energy giant to report a jump in profits following the sharp increase in oil prices since…

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Freedom of navigation in Hormuz strait is humanitarian necessity: Saudi envoy

Saudi Arabia’s envoy to the UN Abdulaziz al-Wasil said on Thursday that guaranteeing the freedom of navigation in the Strait…

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Gulf economies face long-term hit from Iran conflict

In the early 1990s, Qatar was grappling with a period of economic strain – high debt levels and weak state…

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Brent oil price drops under $100 on US-Iran deal hopes

Oil prices dived on Wednesday, with international benchmark Brent sliding under $100 a barrel, on fresh hopes for an end…

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US aims for Fourth of July to deploy Qatar-gifted jet as Air Force One

The US Air Force is targeting a Fourth of July delivery for a Boeing 747 gifted by Qatar that would join the…

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Robots move in as waste firms struggle to find staff

The dust at this busy recycling plant is pervasive and the steady noise of hoppers and conveyor belts makes this…

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Dollar rises, European stocks & bonds fall after reports of US warship being hit

The dollar strengthened while European shares and bond prices fell on Monday after Iran’s Fars News agency reported that two missiles…

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UAE minister says swap line with US ‘under discussion’

The UAE’s foreign trade minister confirmed on Monday that his country was discussing a currency swap line with the United…

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What is the hantavirus that has been confirmed on an Atlantic cruise ship?

Three people have died after a suspected hantavirus outbreak on a cruise ship sailing in the Atlantic Ocean, according to…

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OPEC+ increases oil production quota

Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday. The seven major producers will…

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