DUBAI: The United Arab Emirates has increased petrol prices by nearly 8% for May while keeping diesel rates unchanged, according to the UAE Fuel Price Committee. The revised prices will take effect from May 1 and reflect rising global crude oil costs as well as ongoing geopolitical tensions in the Middle East. Read More: UAE […]
Middle East economy
UAE closes stock markets after regional missile strikes
The United Arab Emirates has ordered the temporary closure of its stock markets on Monday and Tuesday following Iran’s retaliatory missile and drone strikes across the Gulf region, signalling mounting economic disruption amid escalating tensions. Read More: $83 billion gone: Indian markets tumble amid Pakistan conflict fears Iran launched the strikes against Gulf countries hosting US bases […]
Saudi Arabia allocates $346m to support Yemen salaries
Saudi Arabia has allocated SR1.3 billion (approximately $346 million) to help address the Yemen government’s salaries budget deficit, according to official statements released on Thursday. The financial assistance was approved under directives from King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman as part of ongoing efforts to support Yemen’s economic recovery. Read More: […]
Oman’s 2026 budget prioritises education and healthcare
The Omani government has announced its 2026 state budget, placing strong emphasis on expanding education and healthcare infrastructure as part of its long-term development strategy. Speaking during a media briefing on the 11th Five-Year Development Plan and the State Budget 2026, Undersecretary at Oman’s Ministry of Finance Abdullah Harthi said the government plans to construct […]