Gulf States Slash Oil Production by 6.7 Million BPD Amid Strait of Hormuz Crisis

Global oil markets faced a historic shock Tuesday as Bloomberg reported that Iraq, Saudi Arabia, the UAE, and Kuwait have collectively cut production by 6.7 million barrels per day (bpd). This massive reduction represents approximately one-third of their combined output. The decision follows the escalating confrontation with Iran, which has effectively paralyzed the primary transport routes through the Persian...

Sheikh Mohammed Enacts Law No. 3 of 2026 to Boost Structural Safety in Dubai

Building safety standards in Dubai reached a new level of stringency this Tuesday after Sheikh Mohammed bin Rashid Al Maktoum issued Law No. (3)...

American Airlines Extends Flight Suspensions to Doha and Tel Aviv Amid Gulf Tensions

Flight suspensions now dominate the international travel landscape as American Airlines extends its service halts for Doha and Tel Aviv this Tuesday. The carrier...

Gulf States Slash Oil Production by 6.7 Million BPD Amid Strait of Hormuz Crisis

Global oil markets faced a historic shock Tuesday as Bloomberg reported that Iraq, Saudi Arabia, the UAE, and Kuwait have collectively cut production by...

Gold Prices Climb to New Peak in Baghdad and Erbil

Gold prices climb across Iraq this Tuesday as investors seek a safe haven during the ongoing regional energy crisis. New data from the Baghdad and Erbil markets shows a significant jump in the value of gold since yesterday. In Baghdad’s famous Al-Nahr Street, the selling price for 21-carat imported gold reached 1.130 million IQD per mithqal. This figure represents a...

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