De Beers plans to suspend production at its Venetia diamond mine in South Africa for two years as weak rough-stone prices and persistent trading pressures force the group to deepen cost cuts across its global operations. The proposed shutdown at the Limpopo mine will be accompanied by a rescheduling of capital expenditure on the underground project, which was developed at a cost of about $2.3 billion. The […]
Masdar has reached financial close on a $6.1 billion renewable energy project in Abu Dhabi, securing $5.1 billion in debt financing for a solar and battery complex designed to supply clean electricity around the clock. The Abu Dhabi-based clean energy company will provide $1 billion in equity for the development, which is being undertaken with Emirates Water and Electricity Company. A consortium of 13 local and international […]
Dubai’s diamond trade climbed to an all-time high of $41.7 billion in 2025, strengthening the emirate’s position as a central marketplace linking producers, manufacturers, traders and jewellery consumers. The value of diamonds traded through Dubai increased 16.2% from $35.8 billion in 2024, adding about $5.8 billion within a year. It surpassed the previous record of $40.9 billion established in 2011. Physical trade also reached a peak of […]
Arabian Post Staff -Dubai Iranian cruise missiles struck two UAE tankers in the Strait of Hormuz on Tuesday, killing one crew member and injuring eight others as maritime tensions intensified across the Gulf. The Mombasa and Al Bahiyah were hit while travelling through the southern shipping lane within Omani territorial waters, the UAE Ministry of Defence said. Fires broke out on both vessels and caused material damage […]
Arabian Post Staff -Dubai SBI Funds Management raised ₹26.63 billion from anchor investors, including major sovereign wealth funds, before opening one of the country’s largest public offerings of 2026 to wider subscription on Tuesday. The asset manager allocated 46.4 million shares to 129 anchor investors at ₹574 each, the upper end of its ₹545-₹574 price band. Strong institutional demand helped the anchor book attract prominent global investors […]
Arabian Post Staff -Dubai Sharjah has secured exclusive rights to develop and operate BookXcess bookstores across the Middle East and Africa, extending the emirate’s publishing ambitions into large-scale international book retail. The agreement places Big Bad Wolf Sharjah, a subsidiary of the Sharjah Book Authority, in charge of developing, managing and marketing the Malaysian bookstore chain throughout both regions. The arrangement also gives the Sharjah entity responsibility […]
Arabian Post Staff -Dubai The United States and Iran exchanged fresh strikes overnight into Monday, deepening a military confrontation that has sharply reduced commercial traffic through the Strait of Hormuz and unsettled global energy markets. US Central Command said American forces completed another round of attacks intended to weaken Iran’s ability to threaten civilian mariners and commercial vessels using the strategic waterway. Dozens of targets were struck, […]
Arabian Post Staff -Dubai The UAE activated its air defence network early on Sunday to intercept ballistic missiles, cruise missiles and drones launched from Iran, as a fresh exchange of attacks widened the Gulf conflict and triggered emergency alerts across several countries. The Ministry of Defence said loud sounds heard in scattered parts of the country were caused by interception operations. Fighter aircraft and ground-based systems were […]
Dubai’s Palm Monorail has resumed operations after a six-month maintenance shutdown, restoring the only public transport service running along Palm Jumeirah. The reopening reconnects Palm Gateway with Al Ittihad Park, Palm Jumeirah Mall and Atlantis Aquaventure, giving residents, hotel guests and tourists an alternative to taxis and private vehicles. Passengers can again purchase tickets online or from customer service desks at the stations. The 5.5-kilometre elevated line […]
The United States says technical negotiations with Iran are continuing despite renewed military strikes that have weakened a fragile ceasefire and raised fears of another prolonged conflict across the Gulf. US officials said no additional strikes had been launched for several hours, while diplomatic contacts remained active through technical teams and regional intermediaries. The talks are focused on restoring maritime security in the Strait of Hormuz, implementing […]
Arabian Post Staff -Dubai Oil prices edged lower on Friday but remained on course for strong weekly gains as renewed fighting between the United States and Iran kept the risk of Middle East supply disruption firmly embedded in the market. Brent crude futures slipped 6 cents, or 0.08%, to $76.24 a barrel by 0125 GMT. US West Texas Intermediate crude fell 4 cents, or 0.06%, to $72.04. […]
Iran fired missiles and drones at US military-linked facilities in Bahrain and Kuwait after a new wave of American strikes on Iranian targets, pushing Gulf security concerns sharply higher and raising fresh risks for shipping, energy markets and regional airspace. The attacks targeted areas associated with US forces in Bahrain and Kuwait, two Gulf states that host important American military infrastructure. Air defence systems were activated, sirens […]
Arabian Post Staff -Dubai US forces hit about 90 targets along Iran’s coast on Wednesday, extending military action for a second straight day and deepening doubts over efforts to turn a fragile truce into a permanent peace deal. US Central Command said the operation was designed to weaken Tehran’s ability to attack commercial shipping and civilian mariners in the Strait of Hormuz, the narrow waterway through which […]
By K Raveendran The Narendra Modi government’s position on fuel prices now looks less like prudent caution and more like an overly defensive reading of a market that has already absorbed much of the Iran-US risk. The more calibrated question, therefore, is not whether New Delhi is right to watch the West Asian security situation, […]
The article Modi Govt’s Overcautious Oil Market Reading Hurting Retail Fuel Customers appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
President Trump’s declaration on Wednesday that the ceasefire with Iran is over immediately pushed oil prices higher, lifted Treasury yields and revived concerns about the security of the Strait of Hormuz. Markets responded in familiar fashion, with traders reassessing energy supplies, inflation expectations and monetary policy. Another consequence deserves equal attention. Higher oil prices strengthen the fiscal position of the Gulf’s major energy exporters. Over time, stronger […]
Bitcoin fell below $62,000 in Asian trading as renewed US-Iran hostilities drove oil prices higher, prompting investors to cut exposure to cryptocurrencies and other risk assets. The world’s largest digital token traded near $62,000 after touching an intraday low around $61,700, extending a pullback that spread across Ether, XRP and Solana. Ether hovered near $1,625, while several large alternative tokens lost between 1 and 3 per cent […]
Arabian Post Staff -Dubai Ras Al Khaimah is preparing for one of the largest residential supply expansions in its history, with 25,600 new homes expected to be delivered by 2030 as developers accelerate launches around waterfront districts, branded residences and lifestyle-led communities. The new supply pipeline, tracked by Cavendish Maxwell, is heavily weighted towards apartments, which account for 97 per cent of planned stock. The figure underlines […]
Arabian Post Staff -Dubai Iran’s Revolutionary Guards said they fired missiles and drones at US military facilities in Bahrain and Kuwait on Wednesday, widening a confrontation that has put a fragile ceasefire under severe strain after US strikes on Iranian targets near the Strait of Hormuz. The Islamic Revolutionary Guard Corps said the operation hit sites linked to the US Fifth Fleet in Bahrain and Ali Al […]
Abu Dhabi Securities Exchange Group will remove daily price limits on exchange-traded funds and futures contracts from 3 August 2026, marking a fresh step in its push to deepen liquidity, improve price discovery and align its listed products more closely with global market practice. The change applies to ETFs and futures contracts listed on the exchange, allowing their prices to move without the daily trading bands that […]
Arabian Post Staff -Dubai Saudi Arabia has slashed the price of its flagship crude for Asian buyers by the widest margin in more than two decades, signalling a tougher fight for market share as rising supply and softer demand reshape the oil trade. Saudi Aramco cut the August official selling price of Arab Light crude by $11 a barrel, setting it at $1.50 below the Oman-Dubai average, […]
Arabian Post Staff -Dubai OPEC+ has approved another increase in oil output targets for August, adding 188,000 barrels per day to planned supply as Gulf exports move back through the Strait of Hormuz and crude prices ease from wartime highs. The decision, taken at a virtual meeting on Sunday, extends a sequence of monthly quota increases that began in April and continued through June and July. Saudi […]
Arabian Post Staff -Dubai Oil prices have slipped back as a burst of supply, softer demand signals and easing disruption fears revive concern that the global market may be heading towards another glut. Brent crude has traded close to $72 a barrel, while US benchmark West Texas Intermediate has hovered below $70, pulling prices towards levels seen before the latest Middle East supply scare. The shift has […]
Bitcoin, Ether and other large crypto tokens are moving in unusually tight formation as a market worth more than $2.2 trillion tries to recover from a bruising correction, raising fresh questions over whether investors are gaining diversification or merely holding different versions of the same risk trade. Live market data showed Bitcoin, Ethereum, XRP, BNB, Solana, Dogecoin, Tron and Hyperliquid’s HYPE controlling roughly $1.74 trillion in combined […]
Global equities advanced after weaker US employment figures reduced expectations of an imminent Federal Reserve rate increase, pushing investors back into risk assets while lifting gold and easing pressure on the dollar. The rally followed the June employment report, which showed non-farm payrolls rising by 57,000, well below market expectations of roughly 110,000. The unemployment rate eased to 4.2 per cent, but the decline was clouded by […]
