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The United Arab Emirates issued an emergency alert on Sunday warning residents of potential missile threats before declaring the situation under control, as Iranian strikes against Gulf targets enter a new phase within a broader confrontation between Tehran and Washington over the Strait of Hormuz. The episode marks the latest escalation in......
Dubai International Airport, the world's busiest hub for international passenger traffic, recorded a 65.7 percent year-on-year drop in passenger numbers in March 2026, welcoming just 2.5 million travelers as the conflict involving the United States, Israel, and Iran triggered repeated airspace closures and drone incidents across the Gulf......
Airport operations in Dubai are being progressively expanded after the full reopening of airspace across the United Arab Emirates. The recovery follows the lifting of precautionary measures that had temporarily disrupted regional air traffic. According to airport authorities, flight capacity is being increased in line with available routing......
The Abu Dhabi National Oil Company (ADNOC) has announced plans to invest $55 billion in new projects over the next two years, marking a significant expansion of its long-term growth strategy in the global energy sector. According to an official statement released on Sunday, the company confirmed that it will allocate approximately 200 billion......
The OPEC+ alliance, which brings together major oil-producing countries, has held its first major meeting following the departure of the United Arab Emirates (UAE), a development that has raised questions about the group’s cohesion and future influence on global energy markets. The meeting included key producers such as Saudi Arabia......
Israel has deployed its laser-based air defense system to the United Arab Emirates to help counter sustained missile and drone attacks launched by Iran, marking a significant escalation in regional military cooperation. The move underscores deepening security ties between Israel and Gulf partners following the Abraham Accords. The system,......
Morocco has officially joined the Artemis Accords, becoming the 64th country to endorse the international framework governing responsible space exploration. The announcement was made in Rabat during a joint appearance by Foreign Minister Nasser Bourita and US Deputy Secretary of State Christopher Landau. The agreement places Morocco within......
Russia has expressed confidence in the stability of the OPEC+ alliance, stating that cooperation among major oil producers will continue despite the recent decision by the United Arab Emirates to leave the group. Deputy Prime Minister Alexander Novak emphasized that the departure of one member is unlikely to disrupt the broader coordination......
Oil prices surged to multi-month highs as Brent crude crossed the 115 dollar mark, driven by a sharp shift in global supply expectations following the United Arab Emirates’ decision to leave the OPEC alliance and rising tensions between the United States and Iran over maritime access through the Strait of Hormuz. Traders reacted to the......
Oil prices extended their upward momentum on Wednesday as geopolitical tensions intensified around Iran and global supply risks deepened. Traders reacted to renewed threats from United States President Donald Trump and escalating uncertainty in the Middle East, pushing crude benchmarks to multi month highs. Brent crude futures climbed to......
The United Arab Emirates’ decision to leave OPEC has intensified scrutiny of the oil cartel’s cohesion, as analysts warn that tensions over production quotas could push other members to follow. The move highlights long-standing divisions within the group, particularly between countries investing in higher output capacity and those......
Porsche has agreed to sell its holdings in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital, marking a major strategic exit from a high-profile automotive partnership. The German carmaker is divesting its 45 percent stake in the Bugatti Rimac joint venture as well as its 20.6 percent share in Rimac Group, as part of a broader......
The head of the International Energy Agency has warned that the disruption in the Strait of Hormuz may trigger lasting changes in global energy markets, even if the passage reopens. Executive director Fatih Birol said the era of heavy dependence on a single maritime chokepoint is nearing its end, adding that restoring stability could take......
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