Keywords: Gulf
Saudi Arabia and the United Arab Emirates have launched a new trade route linking Sharjah to Dammam, opening a multimodal corridor designed to keep goods moving as shipping risks rise across the Gulf. The project was announced on March 23 by Saudi Ports Authority, known as Mawani, and comes as commercial......
Saudi Arabia’s armed forces intercepted 92 drones within 24 hours as Iran intensified its aerial campaign against energy infrastructure across the Gulf, highlighting the scale and persistence of the conflict. According to official statements cited by Arab News, Saudi defenses shot down 51 drones......
Brent crude futures rose above 110 dollars per barrel on Friday, reaching their highest level since mid-2022 as escalating attacks on energy infrastructure in the Gulf intensified concerns over prolonged supply disruptions. The surge capped a volatile week in which Brent traded between roughly 107 and......
Germany has announced a temporary easing of its arms export regulations to accelerate the delivery of defense equipment to several Gulf countries and Ukraine, reflecting growing security concerns in the region. Speaking in Berlin, Economy Minister Katherina Reiche stated that the move aims to respond......
Explosions were reported on Thursday in Bahrain’s capital, Manama, according to eyewitness accounts, as tensions continue to rise across the Gulf region. The incident comes amid an ongoing wave of retaliatory actions linked to the broader conflict in the Middle East. Since the escalation began......
Asian stock markets fell sharply on Thursday as escalating attacks on energy infrastructure in the Gulf pushed oil prices higher, while the US Federal Reserve and the Bank of Japan held interest rates steady amid rising economic uncertainty. Oil prices jumped after strikes targeting key facilities across......
Global oil prices climbed sharply on Tuesday as renewed Iranian attacks on energy infrastructure in the Gulf reversed a brief decline, with Brent closing above 100 dollars per barrel and US crude gaining nearly 3 percent on the day. The rally comes as the conflict involving the United States and Israel......
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......
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......
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