اقتصاد

Australia’s Karratha LNG plant closed after cyclone amid fuel shortages

At least one of the world’s largest LNG plants remained closed on Sunday after a cyclone knocked out power to thousands of people in Western Australia. The outages were restricting already stretched fuel supplies caused by the war in the Middle East. Woodside Energy, which processes fuel from one of...

Strait of Hormuz chokehold: What is happening to petrol prices in India and neighbouring nations amid oil supply crunch?

Global crude markets are strained as Middle East conflict escalates, pushing oil prices up and impacting fuel supplies worldwide. Countries like India, Nepal, Bhutan, Pakistan, Sri Lanka, Myanmar, and Bangladesh are implementing measures such as price adjustments, import increases, and conservation...

Drap dismisses reports of essential medicine price hikes amid global supply chain uncertainty

The Drug Regulatory Authority of Pakistan (Drap) on Sunday dismissed reports of price hikes in essential medicines across the country, stating that the rates have not “undergone any upward revision”. The statement comes as stakeholders in recent news reports alleged that an unprecedented increase in...

China’s high-end yacht owners say industry growth stifled by structural gaps

As the country with the world’s largest cohort of billionaires, China is no stranger to wealthy elites engaging in luxurious leisure activities, but one common pastime in the West does not seem to have attracted a commensurate level of interest across the Pacific – yachting. While Chinese e-commerce...

US man sells home for $1 million using ChatGPT, reveals what got highest return

A Miami man successfully sold his house for nearly $1 million by leveraging ChatGPT for the entire process, from pricing and marketing to negotiations. The AI tool even advised on cost-effective home improvements, leading to a sale price significantly higher than local agent estimates. While the AI...

Finance chief says Hong Kong remains stable as oil prices surge amid global turmoil

Hong Kong authorities are closely monitoring rising tensions in the Middle East and the resulting volatility in global oil prices, although the immediate impact on the city’s economy remains limited, the finance chief has said. Financial Secretary Paul Chan Mo-po also said on Sunday that, while inte...

$174 Jet Fuel: The Refinery Bottleneck Defying Trump’s Oil Strategy - Emirates 24|7

$174 Jet Fuel: The Refinery Bottleneck Defying Trump’s Oil Strategy  Emirates 24|7

$850 Billion Wipeout: Big Tech’s "Magnificent Seven" Hit by AI Sell-Off - Emirates 24|7

$850 Billion Wipeout: Big Tech’s "Magnificent Seven" Hit by AI Sell-Off  Emirates 24|7

UAE Real Estate Hits Record Highs: AED422M Luxury Sale and AED6B Project Sell-Out in 72 Hours - Emirates 24|7

UAE Real Estate Hits Record Highs: AED422M Luxury Sale and AED6B Project Sell-Out in 72 Hours  Emirates 24|7

Demand for 22K and 24K gold and jewellery rebounds in UAE as prices drop by over Dh100

Two India-bound LPG tankers clear Strait of Hormuz, government says

India says total of 18 Indian-flagged vessels with 485 Indian seafarers remain in western Gulf region

UP woman finds Rs 10 crore in her bank account, says take it back

UP woman finds Rs crore in her bank account says take it back

UAE law: Can you get compensatory leave or extra pay if you worked on Eid?

UAE law: Can you get compensatory leave or extra pay if you worked on Eid?

Leadership Row Erupts at Philippine Conglomerate Over ABS-CBN Capital Infusion

A leadership dispute within Lopez Inc., one of the Philippines’ biggest conglomerates, led to the ouster of its president over what he said was a disagreement over a 2-billion peso ($33 million) capital infusion for media unit ABS-CBN Corp.

Can UAE insurers reject rain damage claims on your car?

Can UAE insurers reject rain damage claims on your car?

King Charles' eye-watering net worth despite not having a traditional salary

King Charles III has accumulated an estimated fortune of £680 million despite never receiving a conventional salary, with his wealth coming from the Sovereign Grant, Duchy of Lancaster and private investments

Exports to Europe stagnate amid challenges

ISLAMABAD: Pakistan’s exports to major Western European markets are experiencing a consistent decline despite GSP+ status, sparking concerns over diminishing demand for Pakistani goods. The decline occurs as the European Union has signed a free trade agreement (FTA) with India on Jan 27, a major tex...

Petroleum cargo handling rises at Karachi’s Port Qasim Authority

ISLAMABAD: Port activities in Pakistan have increased following Iran’s retaliatory closure of the Strait of Hormuz in response to illegal US-Israel attacks. Meanwhile, fuel supply to Pakistan via sea remains steady and regular. The details released by the Port Qasim Authority (PQA) showed that it re...

Why are smugglers swarming East Africa for ants to send to China and Europe?

For most people, ants are unwelcome guests at a picnic, but international demand for the insects is driving a new black market in East Africa, where it could threaten ant populations and the broader environment. In early March, 27-year-old Chinese national Zhang Kequn was detained at Jomo Kenyatta I...

World Bank to provide $250m for KP resilience, disaster readiness

ISLAMABAD: The World Bank is expected to approve a loan of $250 million to Pakistan for resilience, early action, and disaster preparedness in Khyber Pakhtunkhwa, one of the country’s most flood-prone regions. The loan, provided by the International Development Association (IDA), aims to improve flo...