Thursday 19 March 2026 - 13:36
Wednesday 18 March 2026 - 11:50
The euro weakened against the US dollar, slipping below the 1.1500 level on Tuesday as markets positioned ahead of key policy decisions from the Federal Reserve and the European Central Bank. The EUR/USD pair closed near 1.1491 after opening at 1.1505, marking its lowest level in seven months. The Federal Reserve began its two day policy......
Oil prices declined on Wednesday as a sharp increase in US crude inventories and a deal to resume Iraqi exports offset ongoing fears of supply disruptions linked to tensions with Iran in the Gulf. Brent crude dropped about 1.2 percent to around 102 dollars per barrel, while US West Texas Intermediate fell roughly 1.8 percent. The decline......
The Central Bank of the United Arab Emirates (CBUAE) has unveiled a new package designed to strengthen the resilience of the nation’s banking sector amid ongoing tensions in the Gulf linked to the Iran crisis. The war, now entering its third week, has disrupted global energy markets and transportation networks, with several incidents......
The United Arab Emirates briefly shut its airspace on Tuesday as missile and drone exchanges between Iran and Israel intensified, with explosions reported in several Gulf cities and new strikes launched across multiple fronts. Residents in Dubai and Doha reported hearing blasts as air defense systems intercepted incoming projectiles. UAE......
Asian equities advanced on Tuesday, supported by renewed investor interest in artificial intelligence stocks, while oil prices continued to rise amid ongoing geopolitical tensions in the Middle East. The MSCI Asia Pacific index excluding Japan gained 0.9 percent in early trading. South Korea’s Kospi led the region with a 2.4 percent......
Oil prices climbed above 100 dollars per barrel on Monday as the conflict involving the United States, Israel, and Iran entered its third week, with a drone strike on the port of Fujairah in the United Arab Emirates intensifying concerns about global energy supply disruptions. Brent crude traded near 105 dollars per barrel while West Texas......
A drone strike near Dubai International Airport forced a temporary suspension of flights early Monday, intensifying an aviation crisis across the Gulf that has already grounded tens of thousands of flights since the start of United States and Israeli strikes against Iran. More than 52,000 flights to and from the Middle East have been canceled......
The escalation of tensions in the Middle East has led to the cancellation of two major Formula 1 events scheduled to take place in the Gulf region in April. Motorsport authorities confirmed that the races planned in Bahrain and Saudi Arabia will not be held due to security concerns linked to the ongoing conflict. According to the Fédération......
The United Arab Emirates said Saturday that its consulate in the autonomous Kurdistan region of northern Iraq was targeted by a drone strike, marking the second such incident this week. In a statement, the Ministry of Foreign Affairs of the United Arab Emirates strongly condemned the attack, which reportedly......
United States forces struck Iran’s Kharg Island, the country’s primary oil export hub, as the conflict involving Iran entered its third week, while Iran’s Islamic Revolutionary Guard Corps warned that US military positions in the United Arab Emirates are now legitimate targets. The escalation unfolded as US President Donald......
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 transferring funds to Switzerland......
Bitcoin mining companies are more vulnerable to fluctuations in the price of Bitcoin than to rising electricity costs triggered by higher oil prices, according to a new analysis examining the impact of the Iran related oil shock on the cryptocurrency industry. A report released this week by Luxor Technology’s Hashrate Index found that......
Iranian drone attacks have dropped sharply since the start of the conflict, according to US Defense Secretary Pete Hegseth, but Gulf countries continue to face strikes from Iranian unmanned aircraft targeting civilian and strategic infrastructure. Speaking on March 13, Hegseth said Iranian kamikaze drone attacks had fallen by about 95 percent......
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