اقتصاد

Oil prices today: Crude slips after three-day rally as markets track Iran ceasefire

Oil prices dipped Wednesday after a three-day rally, with traders watching the Iran conflict's ceasefire and the Trump-Xi summit. Despite a slight fall, crude remains above $100 a barrel due to ongoing supply fears. Analysts predict elevated prices for months, impacting global inflation and potentially delaying US interest rate cuts.

Fuel levy yields lowest fiscal deficit in nearly three decades

• Gap shrinks to Rs856bn, or 0.7pc of GDP, during July-March• Provincial surpluses, higher PDL collections, lower debt servicing drive improvement• Revenue-to-GDP ratio falls; defence, pension, subsidy expenditures rise ISLAMABAD: Supported by higher-than-targeted provincial contributions, strong petroleum levy collections and lower interest payments during the first three quarters of the current fiscal year, Pakistan recorded its lowest fiscal deficit in at least 27 years at 0.7 per cent of GDP...

Oil prices slide: Brent and WTI slip after three days of gains, with markets reassessing demand in Asia, US stock data, growth concerns

Oil prices pulled back in Asian trade Wednesday, reversing a three-session climb as markets took stock of shifting demand cues and persistent worries about global economic growth.As of 11 am Tokyo time, both major benchmarks were softer, with traders digesting mixed signals from economic data and ongoing geopolitical developments. The retreat follows a run of gains earlier this week that had been supported by supply concerns and optimism about sustained fuel demand.Get updated faster and for FRE...

विदेश से सोना-चांदी मंगाना होगा महंगा, सरकार ने 9% बढ़ाई कस्टम ड्यूटी

Sanju Samson casually joins beach cricket in Chennai and vibes with local gang

How many players can walk into Chennai, play beach cricket with local boys like one among them, and instantly become the heartbeat of the city? Sanju Samson just did that. And he is a special one.The CSK star recently shared moments on Instagram where he was casually playing cricket on a beach in Chennai, blending into the local crowd as if he had grown up there. No security drama, no superstar attitude, just “Chetta” being “Chetta” or rather, simply Sanju being Sanju, exactly how he prefers to...

From Thailand to Dubai: How your next foreign trip could weaken the rupee

From Thailand to Dubai How your next foreign trip could weaken the rupee

Gold, silver import duty raised to 15% as govt moves to curb imports, support rupee

India has significantly increased import tariffs on gold and silver to 15% from 6% to curb imports and protect foreign exchange reserves. This move follows Prime Minister Modi's appeal for citizens to avoid gold purchases for a year, aiming to narrow the trade deficit and support the rupee amid global economic pressures.

Gold import duty raised to 15% from 6% as govt moves to curb imports, support rupee

India has significantly increased import tariffs on gold and silver to 15% from 6% to curb imports and protect foreign exchange reserves. This move follows Prime Minister Modi's appeal for citizens to avoid gold purchases for a year, aiming to narrow the trade deficit and support the rupee amid global economic pressures.

The UAE’s next growth story is being built at home

As leaders and innovators from across the globe gathered for the ‘Make it in the Emirates’ (MIITE) forum, it was clear this occasion was more than just an industry event. It was a powerful declaration of confidence in the UAE and a strategic response to a world grappling with economic headwinds and geopolitical shifts. In an era of volatility, the UAE is not merely adapting; it is proactively authoring its own playbook for prosperity. It is building towards a future grounded in resilience, diver...

New charge for every Aussie going overseas as Jim Chalmers outlines his cost-saving mission

New charge for every Aussie going overseas as Jim Chalmers outlines his cost-saving missionREAD MORE:  Shares, gold, Bitcoin? How Australians can invest to MAKE moneyBy MAISY RAE Published: 02:03, 13 May 2026 | Updated: 02:05, 13 May 2026 e-mail View comments

Billionaire Aston Villa and Milwaukee Bucks owner Wesley Edens allegedly extorted by Chinese divorcee for $1bn after sordid love affair, prosecutor claims

Billionaire Aston Villa and Milwaukee Bucks owner Wesley Edens allegedly extorted by Chinese divorcee for $1bn after sordid love affair, prosecutor claimsBy MAX WINTERS, US DEPUTY SPORTS EDITOR Published: 19:30, 11 May 2026 | Updated: 01:53, 13 May 2026 e-mail 37 shares

Short-Seller Left ‘Didn’t Make Much Sense,’ Cronos CEO Testifies

The chief executive officer of a Canadian cannabis distributor told jurors at the US criminal trial of Citron Research founder Andrew Left he was stunned when the prominent short-seller issued a report saying the company was overvalued, prompting shares to plunge.

Agthia Group reports 12.5% net profit growth

ABU DHABI: Agthia Group PJSC today announced a strong performance for the first quarter of 2026, reflecting disciplined execution across its diversified portfolio, and its ability to maintain operational continuity amid external headwinds.Group Net Revenue rose 3.3% year-on-year to Dh1.3 billion, EBITDA grew 4.1% to Dh193.3 million, while net profit increased 12.5% to Dh96.9 million, supported by disciplined execution, stronger margin delivery, and improving operating performance across key busi...

US sets record energy production driven by natural gas, oil, renewables

WASHINGTON: Total energy production in the United States increased to a new record of 107 quadrillion British thermal units (quads) in 2025, a 3.4% increase from the previous record set in 2024, according to new data in Monthly Energy Review released by the US Energy Information Administration (EIA). Total production was driven by record-high production in natural gas, crude oil, natural gas plant liquids (NGPLs), and renewables.This was the fourth consecutive year in which the United States set...

Why Dubai Holding became Emaar’s top shareholder after Dh24 billion stake transfer?

Dubai: Dubai Holding become the largest shareholder in Emaar Properties after acquiring a 22.27% stake from the Investment Corporation of Dubai in a deal valued at about Dh23.9 billion ($6.5 billion), based on Emaar’s latest closing share price.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The transaction increases Dubai Holding’s ownership in the Dubai-listed developer to 29.73%, giving it greater exposure to some of the emirate’s biggest income-generating...

The events of the last 48 hours mean a financial crisis is inevitable. I've been reporting on our economy for more than 50 years and I've never felt more depressed. This is what's coming: ALEX BRUMMER

The events of the last 48 hours mean a financial crisis is inevitable. I've been reporting on our economy for more than 50 years and I've never felt more depressed. This is what's coming: ALEX BRUMMERBy ALEX BRUMMER, CITY EDITOR Updated: 01:00, 13 May 2026 e-mail View comments

Capital gains tax and negative gearing benefit the 1% and this chart shows it

More than half of the benefit of the CGT concession went to the top 1% of income earners, the most recent data showsWant to get more charts in your inbox every fortnight? Sign up for The Crunch hereThis year’s federal budget includes changes to negative gearing and capital gains (CGT) and discretionary trust tax concessions – policies that some blame for fuelling housing speculation and that disproportionately benefit the richest.The top 1% of lifetime earners alone have received more than $700,...

Ryanair to increase staff bonus for applying £65 baggage fine on passengers

The budget airline is set to increase the staff bonuses for catching those out who travel with oversized baggage as travellers will be issued a £65 fine for the large luggage

Will Trump seek investment to join China in a "dark factory" future?

CBS Evening News As Trump visits China, will he seek investment to build American "dark factories" of the future? .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-evening-news.jpg'); } By Anna Coren Anna Coren Foreign correspondent Anna Coren, CBS News foreign correspondent based in Hong Kong, is an Emmy Award-winning international correspondent who covers the Asia-Pacific region. Read Full Bio Anna Coren May 12, 2026 / 7:50 PM EDT / CBS News Add CBS News on Googl...

So how should you invest to MAKE money under massive tax changes?

So how should you invest to MAKE money under massive tax changes?READ MORE: Albanese's property tax shake up to drive down house prices By SARAH BROOKES - SENIOR REPORTER, AUSTRALIA Published: 00:47, 13 May 2026 | Updated: 00:47, 13 May 2026 e-mail View comments