Silver price falls as India restricts imports and Fed rate fears rise

Silver prices extended losses for a third consecutive session, trading near 75 dollars per troy ounce on Monday, as India introduced sweeping import restrictions and expectations of a possible Federal Reserve rate hike strengthened the US dollar. The combined pressure erased earlier gains from a rally earlier in the month when silver briefly......

Dolidol names Morocco football coach Mohamed Ouahbi as brand ambassador through 2030

Dolidol, the Casablanca-based industrial group and one of Africa's leading manufacturers of foam and bedding products, has signed a four-year partnership with Mohamed Ouahbi, head coach of the Moroccan national football team, designating him as the group's official brand ambassador through the end of 2030. The announcement, made in......

Gold hits one week low as oil inflation fears weigh on metals

Gold prices fell to a one-week low on Friday, extending a multi-session decline as rising oil prices and inflation concerns strengthened the US dollar and weighed on precious metals. The move marked a fourth consecutive losing session for gold, reflecting growing pressure from higher US Treasury yields and shifting expectations around future......

UAE speeds up pipeline project to bypass the Strait of Hormuz

The United Arab Emirates has announced plans to accelerate the construction of a new oil pipeline designed to reduce dependence on the strategically important Strait of Hormuz, a vital maritime route for global energy supplies. Authorities in Abu Dhabi confirmed that the project will help strengthen the country’s energy export infrastructure......

UAE accelerates pipeline project to bypass Strait of Hormuz

The United Arab Emirates has moved to speed up construction of a major east-west oil pipeline designed to significantly increase crude export capacity through the port of Fujairah and reduce reliance on the Strait of Hormuz. The decision comes as regional maritime routes face sustained disruption linked to heightened geopolitical tensions......

Iran authorizes limited Strait of Hormuz transit as tensions persist

About 30 vessels have crossed the Strait of Hormuz with Iranian authorization since Wednesday, signaling a partial resumption of maritime traffic through one of the world’s most strategic shipping lanes despite ongoing geopolitical tensions and stalled diplomatic efforts. Iranian state television reported the development on Thursday,......

Iran says Hormuz Strait remains open under naval coordination rules

Iranian Foreign Minister Abbas Araghchi said Thursday that the Strait of Hormuz remains open to all commercial shipping provided vessels coordinate with Iranian naval forces before transit. The comments were delivered on the sidelines of the BRICS foreign ministers meeting in New Delhi as tensions continue over the conflict involving Iran,......

Saudi desert truck convoys reshape global oil trade routes

Desert truck convoys crossing the Arabian Peninsula have become a critical emergency channel for global energy flows after the prolonged closure of the Strait of Hormuz disrupted one of the world’s most important maritime chokepoints. Gulf states are rapidly expanding overland logistics networks to sustain exports of oil, gas, and industrial......

Ship seized near the United Arab Emirates and reportedly headed toward Iranian waters

A vessel operating near the coast of the United Arab Emirates was reportedly seized by unidentified individuals close to the strategically important Strait of Hormuz, according to British maritime security authorities. The United Kingdom Maritime Trade Operations (UKMTO) stated that the ship was boarded while anchored approximately 38 nautical......

US and China oppose Iranian transit fees in Strait of Hormuz

The United States and China have reached a rare point of diplomatic alignment by opposing Iran’s proposed transit charges for ships crossing the Strait of Hormuz. The position was confirmed by the US State Department ahead of a summit between President Donald Trump and Chinese President Xi Jinping, signaling limited but notable cooperation......

Kuwait accuses Iran of failed commando raid near Chinese funded port

Kuwait accused Iran on Tuesday of sending an armed unit linked to the Islamic Revolutionary Guard Corps to infiltrate Bubiyan Island, home to a major Chinese backed port project in the northern Gulf. The alleged operation marks a new escalation in regional tensions as US President Donald Trump departed Washington for a state visit to China. Kuwaiti......

Indian Prime Minister Narendra Modi to visit UAE and Europe from May 15 to 20

Indian Prime Minister Narendra Modi will travel to the United Arab Emirates and several European countries from May 15 to May 20 in a multi-nation diplomatic tour aimed at strengthening economic and strategic partnerships, according to an official government statement. The visit will begin in the United Arab Emirates, where Narendra Modi......

Morocco showcases Arabian horse breeding excellence at EAHGC 2026

The international equestrian community gathered in Rabat for the 2026 edition of the Emirates Arabian Horse Global Cup Morocco 2026, an event dedicated to promoting the excellence of Arabian horse breeding in the Kingdom. Hosted at the National Horse Institute Prince Héritier Moulay El Hassan in Dar Essalam, the competition brought......

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