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Sharjah launches Oman logistics corridor, sends first shipments to Sohar Port
Dubai: The Sharjah Ports, Customs and Free Zones Authority has launched an integrated logistics corridor connecting the emirate with ports in Oman through land border crossings, in a move aimed at strengthening regional trade connectivity and supply chain resilience.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The corridor, developed in coordination with Oman Customs, links Sharjah with Sohar Port, Duqm Port and Salalah Port, with Sohar positioned as the pr...
FPIs pull Rs 27,000 crore in May; 2026 outflows cross Rs 2.2 lakh crore mark
Foreign investors have continued their withdrawal from Indian equities, with net outflows reaching Rs 27,048 crore this month. This selling spree, totaling Rs 2.2 lakh crore in 2026, is driven by global macroeconomic uncertainty, geopolitical tensions, and a stronger US dollar making developed markets more attractive.
Market recap: Top 10 firms bleed Rs 3.12 lakh crore in market cap; Reliance biggest loser
Indian markets experienced a significant downturn last week, with the top 10 most valued firms losing Rs 3.12 lakh crore. Geopolitical tensions, a weakening rupee, and rising inflation, exacerbated by surging crude oil prices, drove the decline. Reliance Industries saw the steepest fall, while Bharti Airtel was the sole gainer among the giants.
Eid livestock demand jumps 80%, prices rise 10% across UAE
Dubai: Livestock traders across the UAE say they are entering the Eid Al Adha season with strong supplies of sacrificial animals and rising consumer demand, despite mounting cost pressures driven by regional developments and higher transport expenses.Traders said demand for sacrificial animals is expected to increase by as much as 80 per cent in the days leading up to Eid Al Adha, while prices this year have climbed by around 10 per cent compared with last season.Get updated faster and for FREE:...
5 ways Amazon is investing in Indiana - About Amazon
5 ways Amazon is investing in Indiana About Amazon
Dalal Street this week: Middle East cues, rupee and more — what will guide stock market?
Indian markets brace for a volatile week, with the US-Iran conflict and soaring crude oil prices dominating investor sentiment. A weakening rupee, coupled with inflation concerns, adds to the pressure. Analysts anticipate heightened sensitivity to geopolitical developments, especially concerning the Strait of Hormuz, and will closely watch foreign investor activity and upcoming economic data.
KP govt withdraws orders for early market closure
PESHAWAR: The Khyber Pakhtunkhwa government withdrew its orders for early market and business closure on Saturday, almost six weeks after their issuance due to the rising oil prices amid the US-Iran war. A public notice issued from the chief secretary’s office said with the approval of competent authority, implementation of the prescribed market, commercial business closure timings is hereby suspended until further orders. “However, all citizens, commercial establishments, markets, plazas, marri...
JPMorgan CEO Jamie Dimon has a career advice for everyone: Check what it is
JPMorgan CEO Jamie Dimon, at the 2025 Reagan National Economic Forum, urged professionals to "talk to everybody" to foster growth and learning. He emphasized stepping out of comfort zones, observing, and listening to diverse perspectives. Dimon also warned companies against bureaucracy, calling it a "silent killer" that breeds complacency and inefficiency, especially in large organizations.
JLR and General Motors eye £900m contract to build new range of military trucks
Carmakers aim to expand into UK defence sector, exploiting spending boom by Nato countriesJaguar Land Rover and General Motors are considering an expansion into UK defence via a £900m military contract, as carmakers seek to exploit a spending boom by Nato countries racing to rearm.The manufacturers are among a group of automotive firms vying to make thousands of 4x4s for the armed forces to replace an ageing fleet of Land Rovers that have been out of production since 2016. Continue reading...
Major car brands recall 630,000 vehicles over serious injury fears - Ford, Mercedes, Tesla and more
Hundreds of thousands of vehicles have been recalled by some of the most popular brands in the world, as drivers potentially face serious issues.Ford, Mercedes-Benz and Tesla are among automakers that have recalled vehicles in recent weeks as a result of issues relating to seats, camera concerns and camera errors.GB News has rounded up the most important car recalls issued over recent weeks that motorists need to know about. TRENDING Stories Videos Your Say FordThe Blue Oval is recalling 18...
Agent Payments Arrive Before Audit And Insurance Catch Up
InnovationCloudAgent Payments Arrive Before Audit And Insurance Catch UpByJanakiram MSV,Senior Contributor.Forbes contributors publish independent expert analyses and insights. I cover emerging technologies with a focus on infrastructure and AIFollow AuthorMay 17, 2026, 01:24am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.DollarsPixabayTwo announcements in a single week pushed enterprise AI agents past a line that board...
CNG prices in Delhi-NCR rise again: Second hike in 48 hours — Check rates in your city
Delhi commuters face a double blow as CNG prices surged by Re 1, pushing the cost to Rs 80.09 per kg, the second hike in 48 hours. This follows a Rs 2 increase on Friday. The price hikes impact private vehicle owners, cabbies, and public transport users.
Seafood exports top $500 million
ISLAMABAD: Maritime Affairs Minister Junaid Anwar Chaudhry on Saturday said the fish and fisheries product exports exceeded the $500 million mark for the first time in the first eleven months of the current fiscal year, mainly due to the opening of the Russian market. In a statement, the minister called it a landmark achievement for the maritime sector and the blue economy. Currently, the minister said 16 Pakistani companies have been authorised to export seafood to Russia. He was confident t...
HMRC confirms state pensioners earning over £35,000 face clawback through higher tax bills
HM Revenue and Customs (HMRC) has confirmed state pensioners earning more than £35,000 annually will face additional monthly tax deductions to recover Winter Fuel Payments issued during the 2025/26 financial year.The recovery programme began in April 2026 and is expected to affect almost two million households across the UK.Winter Fuel Payments worth between £100 and £300 were distributed to pensioner households before later income assessments determined some recipients exceeded the earnings thr...
Petrol and diesel drivers caught 'off guard' by new taxes as older vehicles hit with highest costs
Motorists driving older petrol and diesel cars have been taken "off guard" by annual road tax bills of £170 under new rates announced this year.The changes to Vehicle Excise Duty affect vehicles first registered between March 2001 and April 2017, with thousands of drivers potentially impacted by the updated tax bands.VED amounts are calculated according to carbon dioxide emissions rather than vehicle age, a distinction that continues to surprise many car owners. Andy Wood, a tax specialist at Ta...
Silver import crackdown: Centre tightens rules on white metal — all you need to know
India has moved silver imports to a "restricted" category, requiring government approval, to prevent traders from exploiting a duty gap created by a recent 15% import tax hike. This move aims to curb arbitrage opportunities through the India-UAE free trade agreement, protect foreign exchange reserves, and control precious metal inflows, while exempting export-oriented industries.
Situationer: Panda Bond: financial breathing space or catalyst for reform?
PAKISTAN’S successful debut in China’s onshore bond market through the issuance of its first-ever Panda Bond is undoubtedly an important financial milestone. Raising RMB1.75 billion at a remarkably low 2.5 per cent coupon — far below the cost of Pakistan’s conventional external borrowing — reflects improving investor sentiment towards the country’s macroeconomic stability. The more than five-times oversubscription also signals that international investors, particularly Chinese investors, are onc...
CNG prices hiked again in NCR; 2nd increase in 2 days pushes Delhi rate past Rs 80/kg
CNG prices in Delhi-NCR have seen another increase, rising by Re 1 per kg to ₹80.09, following a ₹2 hike just two days prior. This latest revision, effective May 17, mirrors broader fuel price increases across India, attributed to rising global energy costs amid the West Asia conflict.
Tunisians rally amid economic crisis and political arrests
Hundreds of Tunisians have marched through the capital to denounce a worsening economic crisis and crackdown on dissent.
World Cup prices shock fans: "I'm excited but it's too expensive"
Anticipation is building for next month's World Cup Soccer Tournament, and so are costs, for both fans and the host cities. Adam Yamaguchi has more.