Archive / Business - 2026
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Iraq's Al Zaidi Says Baghdad Needs 'fair Share' From OPECIraqi Prime Minister Ali Al Zaidi said on Tuesday that he wants a "fair share" for his country, as Baghdad seeks energy deals from US...EGA Restarts Production at AL Taweelah Alumina RefineryEmirates Global Aluminium on Friday announced the restart of production at its Al Taweelah alumina refinery in Abu Dhabi, three months after the facility was...Stablecoins Could Be Paying UAE Rents Within Nine Months, Crypto Executive SaysRenters in the UAE who are long accustomed to writing a stack of post-dated cheques at the start of each lease could be paying landlords...US, Iran Trade New Strikes in Fight Over Hormuz StraitUS President Donald Trump says that he expects the latest military flare-up to end quickly and left the door open to more talks.The US Iran...Hiring in the UAE ‘temporarily’ Down, but Likely to Pick Up SoonEmployers in the UAE are currently adopting a cautious approach towards hiring due to the current geopolitical situation, but recruiters say the job market is...South Korean Law Targeting 'Fake News' Takes Effect as Journalists' Groups Raise ConcernsSouth Korea began enforcing a law Tuesday (Jul 7) that allows steep punitive damages against news outlets and social media influencers for spreading false information...Apparel, Textile, Retail Trade Bodies Issue Joint Call for USMCA RenewalUS, Canadian and Mexican apparel, textile and retail trade organisations are urging the US Trade Representative to push through the renewal of the United States-Mexico-Canada...South Korea's Currency Chief Says in Talks With Japan, AlliesSouth Korea's vice finance chief on Thursday said Seoul is closely communicating with Japan and other key allies on foreign exchange issues, and warned that...Sales of Rice From 2025 Harvest to Japan Wholesalers Hit Record LowAgricultural cooperatives and other groups in Japan that collect rice from farmers sold a record-low 1.32 million tons of the grain from the 2025 harvest...How Small Businesses Access Global Trade Without a Middleman Using B2BMAPWhat B2BMAP Stands ForB2BMAP is a global B2B marketplace built for small and medium businesses. Headquartered in Wilmington, Delaware, the platform connects buyers and suppliers...Drone Strikes Beyond the Battlefield Pump Up Market for Technology to Repel ThemDrone incursions disrupting airports in Europe and strikes on oil fields in the Middle East are spurring a fast-growing market for radars, jammers and defensive...Oil Prices Fall and Shares Jump After US-Iran Deal AnnouncedOil prices have fallen and shares risen after the US and Iran said they had agreed a framework deal to end the war, which US...Luxury Goods Sector Seeks to Recover Its MojoFaced with a painful slowdown in recent years, the luxury sector is seeking to recover its mojo by juggling a back-to-basics approach with finding new...US Sanctions Iran's Largest Crypto Exchange Over IRGC LinksThe United States announced sanctions on Iran’s biggest cryptocurrency exchange on Tuesday, accusing it of enabling the Iranian government and blacklisted state institutions to circumvent...South Korea Says It Will Pursue All Options to Avoid Samsung StrikeJust one day of suspension at Samsung Electronics' semiconductor factory is expected to incur direct losses of as much as US$667.68 million, said Prime Minister...Several Killed as Israel Launches Dozens of Strikes Across South LebanonAt least 10 people have been killed and 10 injured in a barrage of Israeli strikes across southern Lebanon on Saturday morning, as reported by...Palm Oil Posts First Weekly Gain in Three WeeksMalaysian palm oil futures rose on Friday and posted their first weekly gain in three weeks, as higher crude oil and a weaker ringgit lend...Australia Working With Anthropic Over Cybersecurity VulnerabilitiesAustralia is working with software providers including Anthropic over potential cybersecurity vulnerabilities, a spokesperson for Home Affairs minister Tony Burke said on Thursday, following the...Indonesia, Toyota in Talks on Potential Bioethanol ProjectIndonesia is in talks with Japan's Toyota Motor Asia on a potential joint investment in bioethanol production in the Southeast Asian country, a government official...IMF lowers Middle East growth forecast over Iran war shockThe International Monetary Fund on Tuesday lowered its growth forecast for the Middle East as the Iran war strains global energy supply chains. IMF cuts...World Bank Expects Middle East Economic Growth to Slow to 1.8% and Warns of Scarring From Iran WarThe World Bank expects economic growth in the Middle East to slow to 1.8 per cent this year as a result of the Iran war,...OPEC+ Agrees To Boost Oil Output When Strait Of Hormuz ReopensOPEC+ agreed on Sunday to raise its oil output quotas by 206,000 barrels per day for May, a modest rise that will largely exist on...Oil Prices Likely to Rise Further After Record 60% Gain in MarchOil prices are set to rise further after a record monthly gain in March, as contradictory statements from the US on its military build-up in...Japan Brands Yen Falls as 'speculative' as Iran War Ignites Sell-offJapan on Tuesday labelled recent yen falls as speculative for the first time since the Middle East war began, shifting its focus back to currency...How Trump and the Oil Markets Move in Sync: A Tango in Six ChartsIt can be hard to pin down what is guiding Donald Trump a month into US and Israel's programme of strikes on Iran. Trump Iran...36,000 Moe Teachers, Allied Educators to Get Up to 9% Pay Increase From Oct 1The move, which includes MOE Kindergarten Educators, is meant to ensure that overall salary packages remain competitive, said the Ministry of Education. Singapore announces MOE...Indonesia May Revive B50 Biodiesel Mix Plan as Oil Prices SoarIndonesia may revive a plan to launch a mandatory B50 grade of palm oil-based biodiesel in the middle of this year because of surging crude...Alarm Bells Ring for Asia Energy Security as War Rages in Middle EastWith war in the Middle East still raging on, the International Monetary Fund is ringing alarm bells for Asia’s energy security and China, Japan and...Saudi Aramco Shuts Down Ras Tanura Refinery Due to 'Drone Attack'Saudi Aramco has shut down operations at its Ras Tanura refinery after a fire broke out following a reported drone attack. Saudi Aramco Ras Tanura...Singapore, South Korea to Work Towards Upgrading Free Trade AgreementCooperation in areas such as artificial intelligence, civil nuclear energy and intellectual property is also on the cards after both sides concluded several memorandums of...Germany Turns to Gulf Energy as RWE Signs Provisional LNG Deal With AdnocRWE signed a provisional agreement on Friday with Adnoc that could see Germany’s largest utility purchase liquefied natural gas for European markets, as Berlin steps...Trump Cuts India Tariffs, Says Modi Will Stop Buying Russian OilUS President Donald Trump announced a trade deal with India on Monday (Feb 2), saying that Prime Minister Narendra Modi had promised to stop buying...Bad Bunny wins album of the year at 2026 Grammy Awards, a first for a Spanish-language albumBad Bunny won album of the year at the 2026 Grammy Awards for his critically-acclaimed “Debí Tirar Más Fotos,” closing out a surprising and history-making...German Cotton Yarn Buyers Respond to New Forces Shaping Apparel TradeGermany’s textile and apparel supply chain is entering a decisive phase. As consumer expectations evolve and sourcing models shift worldwide, cotton yarn buyers in Germany...Hybrid Cars Top Choice for Consumers in Europe in 2025: DataHybrid-electric vehicles dethroned purely petrol-powered cars as the top power option among consumers in Europe last year, data showed Tuesday. Hybrid cars Europe market share...Trump Threatens Canada With 100% Tariff Over Pending Trade Deal With ChinaU.S. President Donald Trump said on Saturday he would impose a 100% tariff on Canada if it follows through on a trade deal with China...Trump says US will 'run' Venezuela after 'outlaw dictator' Maduro deposedPresident Donald Trump said on Saturday that the US had captured Venezuela's President Nicolas Maduro after launching an attack on the country. Donald Trump announced...Us Says It Needs to Control Venezuelan Oil Sales Indefinitely to Drive Change The United States needs to control Venezuela's oil sales and revenue indefinitely to stabilise that country's economy and rebuild its oil sector, Energy Secretary Chris...
