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Economic shock of Middle East war to cast shadow over IMF, World Bank meetings
Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a third major shock to the global economy after the COVID pandemic and Russia’s full-scale invasion of Ukraine in 2022. Top International Monetary Fund and World Bank officials last week said they would downgrade their forecasts for global growth and raise their inflation predictions as a result of the war, warning that emerging markets and...
US-Israei aggression on Iran to have 'cascading impact' on world economy: World Bank
The World Bank chief warns that the US-Israeli aggression against Iran will have a negative impact on global economy
India Forex Regulator Criticizes Banks’ Rupee Arbitrage Trades
A senior Reserve Bank of India official criticized foreign-exchange market makers for their role in aggravating the rupee’s weakness during the Middle East tensions, as the regulator keeps up its tough messaging stance in its defense of the currency.
Saudi Arabia Says East-West Pipeline Restored to Full Capacity
Saudi Arabia has restored the full pumping capacity of its East-West pipeline to 7 million barrels a day, rehabilitating a vital link for oil exports via the Red Sea.
Saudi Arabia restores key oil facilities after attacks, stabilises global supply
Saudi Arabia’s Ministry of Energy said key energy facilities affected by recent attacks have recovered and resumed operations, restoring pumping capacity in the kingdom’s critical East-West pipeline and reinforcing the reliability of global oil supplies.The ministry confirmed that operational and technical teams successfully restored the pipeline’s full pumping capacity of about seven million barrels per day after earlier disruptions.Get updated faster and for FREE: Download the Gulf News app no...
Robinhood excludes some prediction markets over manipulation fears
US broker says it is ‘very focused on insider trading’ as it pushes into fast-growing sector
British Steel 'needs nationalising by the summer'
British Steel 'needs nationalising by the summer'50 minutes agoShareSaveAdd as preferred on GooglePritti Mistry,East Yorkshire and LincolnshireandGrace McGrory,in ScunthorpeReutersEmergency legislation was passed in April 2025 to allow the government to save British SteelBritish Steel needs to be brought into public ownership by the summer if a deal between its Chinese owner and the government fails, an MP has said.Labour MP Nic Dakin told the BBC that was "the best outcome"...
UAE banks’ relief packages prove effective, boost SMEs and economy
[Editor's Note: Follow Khaleej Times live blog for the latest regional developments with the US-Israel-Iran ceasefire now in effect.]Relief packages offered by local banks have been effective in achieving their objectives of supporting customers and small businesses, according to a statement issued by the Central Bank of the UAE.The announcement followed a meeting between Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), and chief executive officers of banks opera...
Two Supertankers U-Turn in Hormuz as US-Iran Talks Break Down
Two empty supertankers attempted to make their way through the Strait of Hormuz and into the Persian Gulf on Sunday, only to make a last-minute U-turn just as peace negotiations between the US and Iran broke down, threatening a fragile ceasefire.
Oil tankers exit Strait of Hormuz amid fragile US-Iran ceasefire
Three supertankers laden with oil exit waterway amid global energy crunch, shipping data shows.
Low-tax Texas opens London office to lure jobs and investment
Exclusive: US state is targeting corporate heavyweights in the UK with subsidies and incentives Y’all Street: Bullish Dallas aims to steal New York’s crownThe US state of Texas is putting UK businesses in its crosshairs with the launch this month of a dedicated London office to lure jobs and investment to the low-tax Lone Star State.Texas recently secured approval for the new site, adding to a growing list of international offices from which it can try to draw corporate heavyweights across its b...
Mpox in Pakistan’s Sindh Linked to Newborn Deaths, Reports Say
MarketsMpox in Pakistan’s Sindh Linked to Newborn Deaths, Reports SayFacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Jason GaleApril 12, 2026 at 4:31 AM UTCBookmarkSaveHealth officials in Pakistan’s Sindh province have issued an alert after confirming 14 mpox cases this year, including infections linked...
Commodity traders lost ‘billions’ in early days of Iran war
Firms that normally profit from volatility were caught out by sudden rise in energy prices, new report finds
Social media is for picking up vibes, not information
Users trust it even less than they do mainstream news outlets
Fees for seas: a history of taxing waterways
From Ottoman Sultans to Danish kings, Iran’s toll system for Strait of Hormuz revives an old maritime fight
Switzerland’s Zug becomes bolt-hole for Gulf-based wealth
Small Swiss town is welcoming individuals and companies seeking refuge from war in the Middle East
Wall Street banks set to report $40bn trading haul as Iran war rekindles volatility
Five largest US lenders expected to unveil highest combined trading revenues since at least 2014
The historic Iranian palaces caught up in US-Israeli strikes
World Heritage sites including Tehran’s Golestan Palace were damaged in bombings
Japan to Work With Asian Nations to Ease Oil Bottleneck: Akazawa
Japan will work closely with Asian countries where essential petroleum-based products including medical equipment are produced, economy minister Ryosei Akazawa said in a Sunday debate program on broadcaster NHK.
US Hasn’t Reached Agreement With Iran, Vance Says
The US and Iran have not reached an agreement after 21 hours of talks, Vice President JD Vance said.