Friday 27 March 2026 - 07:50
Friday 27 March 2026 - 07:30
The United Nations Security Council is set to convene behind closed doors on Friday following a request from Moscow, amid rising tensions surrounding Iran. The move comes as part of ongoing diplomatic efforts to address escalating concerns over recent military developments in the region. According to diplomatic sources, Russia called for......
Oil prices surged Thursday while global stock markets dropped sharply. Hopes for a quick end to the U.S.-Iran conflict faded as the Pentagon prepares military options for a potential knockout blow. Investors, rattled after nearly four weeks of fighting, drove the reaction.[reuters.com] Brent crude crossed $100 per barrel after dipping to......
The U.S. dollar traded near 99.6 on Thursday. Ongoing war between the United States and Iran drives investors to safe-haven assets. The dollar index rose early in the session amid uncertainty over the conflict and the Strait of Hormuz closure. Iranian forces declared the waterway shut on March 4, disrupting global energy markets. The dollar......
Pakistan has publicly acknowledged its role as a key mediator transmitting messages between the United States and Iran amid efforts to end a month-long war. Foreign Minister Ishaq Dar stated on X that indirect talks are underway, with Islamabad relaying communications, including a 15-point US proposal currently under review by Tehran. This......
Iran has likely collected hundreds of millions of dollars in additional oil revenue since the U.S.-Israeli military campaign began on February 28, exploiting its unique position as the only major Persian Gulf producer still able to ship crude through the Strait of Hormuz. The windfall represents a central paradox of the conflict: the war has......
FIFA has announced the opening of the fourth and final ticket sales phase for the 2026 World Cup on April 1, with seats made available to the general public on a first-come, first-served basis. The final sales window will remain open through the end of the tournament, scheduled for June and July across three host countries in an expanded......
Sultan Al Jaber, director general of ADNOC, delivered some of his sharpest remarks yet against Iran's grip on the Strait of Hormuz during an intensive week of speeches and meetings in the United States, describing the weaponisation of the waterway as economic terrorism against all nations and warning that consumers worldwide are already......
The Middle East war now threatens to slow US liquefied natural gas export capacity expansion. It disrupts one-fifth of global supply and spikes prices in Europe and Asia. Freeport LNG CEO Michael Smith warned Wednesday at S&P Global's CERAWeek conference in Houston. Supply chain issues from the US-Israeli war on Iran could delay new......
Investors pulled about $11 billion from commodity exchange-traded funds in March 2026. This marks the largest monthly withdrawal on record, per Bloomberg Intelligence data on roughly 100 ETFs in precious metals and broad commodities. The exodus reverses billions in inflows from weeks earlier amid geopolitics, Treasury yield spikes, and leveraged......
The European Bank for Reconstruction and Development cautioned Tuesday that the ongoing Middle East conflict threatens economic growth across its regions. Higher energy costs, supply chain disruptions, and tighter financial conditions pose risks. Forecasts could drop 0.4 percentage points if oil prices stay elevated. In its report "Potential......
Europeans rush toward used electric vehicles as Iran war-driven gasoline price spikes bite. Online car sales platforms report sharp demand increases continent-wide. Consumers seek cheaper, immediate EV alternatives amid fuel cost surges. The conflict began February 28 with US and Israeli strikes on Iran. These disrupted the Strait of Hormuz,......
March proved brutal for major global macro hedge funds as fallout from US-Israeli strikes on Iran rocked world markets. Bridgewater Associates largely sidestepped the damage. Its flagship $92 billion Pure Alpha strategy fell less than 1 percent for the month through last Friday, a person familiar with the fund told Business Insider. Rivals......
US and Israeli military strikes on Iran since February 28 have thrown Asia's $19 billion used car export industry into disarray. Ships avoid the Middle East, stranding cargoes at sea and overwhelming ports from Sri Lanka to China. Dealers feel the impact acutely. Umar Ali Hyder Ali runs Yokohama-based Kobe Motor, which ships about 18,000......
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GITEX Africa: The New Frontiers Of African Innovation
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