Economy

Iraq’s Kerbala refinery non-operational due to maintenance, source says

Iraq’s Kerbala refinery is under extensive maintenance and has been non-operational since Sept. 25, a source with direct knowledge of…

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How Middle East tensions are driving oil market volatility

Iran’s missile attack on Israel has heightened geopolitical risk in the Middle East, causing global oil prices to rise amid fears…

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UAE energy minister says OPEC+ doing ‘noble’ job of balancing oil market

United Arab Emirates energy minister Suhail al-Mazrouei said on Wednesday OPEC+ was doing a “noble” job of balancing the oil…

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UAE energy minister says OPEC+ doing ‘noble’ job of balancing oil market

United Arab Emirates energy minister Suhail al-Mazrouei said on Wednesday OPEC+ was doing a “noble” job of balancing the oil…

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US ports strike causes first shutdown in 50 years

Tens of thousands of dockworkers have gone on strike indefinitely at ports across much of the US, threatening significant trade…

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Former Russian PM Kasyanov: ‘Putin’s regime’ can’t survive any oil price

Former Russian Prime Minister Mikhail Kasyanov challenged statements made by Russian Deputy Prime Minister Alexander Novak on Russia being able to survive…

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Global rice prices drop after India allows white rice exports

Global rice prices fell on Monday after India, the world’s No.1 exporter of the grain, gave the go-ahead for exports…

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Unemployment among Saudi citizens falls to 7.1 pct in Q2

Unemployment among Saudi citizens continued to decrease in the second quarter, falling to 7.1 percent, according to government data released…

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Sharjah luring property investors amid Dubai’s sky high rent, sale prices

With an increasing number of expats saying they’re being pushed out of Dubai due to soaring rents, a 7,000-year-old city…

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Uber plan to launch self-driving cars in Abu Dhabi in 2024

Uber Technologies is set to introduce self-driving cars in Abu Dhabi soon. The ride-hailing company has partnered with China’s WeRide…

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