Economy
Global buyers are turning to China for aluminum as supply disruptions linked to the war in Iran tighten markets in the Gulf. Analysts cited by Bloomberg expect Chinese exports to rise sharply in the coming months as production outages in the region, which accounts for about 9 percent of global aluminum......
Paramount Skydance is close to securing $24 billion in equity commitments from three Gulf sovereign wealth funds to help finance its $81 billion acquisition of Warner Bros. Discovery, the Wall Street Journal reported Sunday, in a deal that would end weeks of uncertainty over whether Middle Eastern capital......
Iranian missile and drone strikes against two of the Middle East's largest aluminium smelters over the weekend have thrown global supply chains into disarray, driving prices to their highest level in four years and raising the prospect of a prolonged market deficit. Emirates Global Aluminium confirmed......
Toyota Motor reported a 2.3% decline in global sales for February, releasing the figures Monday as Japanese automakers face mounting supply chain disruptions stemming from the Middle East conflict, now entering its fifth week. Total sales, including subsidiaries Daihatsu Motor and Hino Motors, fell to......
Wealth managers in Switzerland are preparing for a surge of capital from Gulf investors as the conflict involving Iran shakes financial confidence in Middle Eastern economic hubs. Bankers and advisers overseeing more than one trillion dollars in assets say wealthy individuals across the Gulf are considering......
Qatar Airways has resumed a limited number of flights as the regional airspace crisis triggered by the conflict involving Iran enters its third week, leaving millions of passengers stranded and disrupting global aviation routes. The military campaign launched by the United States and Israel against......
The Central Bank of the United Arab Emirates sought to reassure investors as tensions escalated in the Gulf, with Governor Khaled Mohamed Balama stating that the country’s financial system remains resilient despite Iranian missile and drone strikes. In an official statement, Balama said the UAE’s......
The growing military confrontation involving Iran could wipe out up to $56 billion in tourism revenue across the Middle East this year, according to a new analysis by Tourism Economics, a research unit of Oxford Economics. The report estimates that international visitor arrivals to the region could......
European equities posted their steepest single day drop in months on Monday as investors reacted to the deepening military confrontation involving the United States, Israel, and Iran and its fallout for global trade and energy flows. The pan-European Stoxx 600 lost around 1.8 percent, while Germany’s......
The United States and Israel have carried out a coordinated series of strikes on Iran that killed Supreme Leader Ayatollah Ali Khamenei and shattered the country’s senior military leadership, triggering a rapid escalation across the Middle East and severe disruption to global energy and transport......
Major Gulf producers increased oil exports ahead of U.S. and Israeli strikes on Iran, seeking to stabilize global markets in case of supply disruptions. Abu Dhabi National Oil Company (ADNOC) released additional volumes of Murban crude for April delivery, which lowered the grade’s spot premiums......
The world's largest cryptocurrency exchange, Binance, recorded its biggest weekly asset withdrawal since November 10, with over $6 billion exiting the platform in the week starting January 19, 2026. On-chain data tracked by CryptoQuant shows outflows across multiple blockchains and asset types: Bitcoin......
European Commission President Ursula von der Leyen revealed that the European Union, the United States, and Ukraine stand on the brink of sealing a unified Prosperity Framework to steer Ukraine's economic recovery after the war. This breakthrough emerged from an informal EU leaders' gathering......
