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Gold Prices Remain Steady in Baghdad and Erbil Markets

Gold prices remained stable in Baghdad and Erbil, holding their levels from the previous day. This stability reflects a balanced local gold market despite...

UAE’s Fujairah Port Reopens Amid Strait of Hormuz Tensions

Fujairah oil port resumed operations on Sunday after drone debris caused fire and disruption the day before. Fujairah oil port is now crucial to...

Iraq Faces Fiscal Shock as Oil Exports Collapse During Gulf Conflict

A sudden drop in crude shipments now threatens Iraq’s economic stability. The Iraq oil crisis has raised serious concern among economists and policymakers. Iraq...

First India-Bound Tanker Passes Strait of Hormuz Since Regional Conflict

The Liberia-flagged tanker Shenlong Suezmax arrived at Mumbai Port this Wednesday with a vital shipment of Saudi Arabian crude. This vessel became the first...

Bahrain’s Banks Remain Fully Operational Amid Regional Developments

The Bahrain Association of Banks (BAB) announced today that the kingdom’s financial institutions remain fully operational. Despite recent developments, the banking sector continues to...

BGC Confirms Energy Infrastructure Stability Despite Tanker Strikes

Basra Gas Company (BGC) confirmed today that its primary facilities remain fully operational following a high-profile maritime incident. In the early hours of Thursday,...

Drone Strikes Target Kuwait International Airport, No Casualties Reported

The Directorate General of Civil Aviation announced that several drones targeted Kuwait International Airport early Thursday morning. This attack caused significant material damage to...

Middle East Tourism Revenue at Risk Due to Conflict

The regional tourism industry is losing $600 million every day due to the ongoing Middle East conflict. The Financial Times reported these staggering figures...

QatarEnergy Halts LNG Exports Amid Strait of Hormuz Freeze

QatarEnergy recently halted all operations at its massive LNG production complex this Wednesday. Data confirms that no shipments have left the country for five...

Oil Prices Drop Sharply as Kuwaiti Crude Falls to $113

The price of Kuwaiti crude oil declined sharply this Tuesday as global markets reacted to shifting supply expectations. Data from the Kuwait Petroleum Corporation...

Korean Air Extends Incheon–Dubai Flight Suspension Until March 28

Korean Air officially extended its suspension of flights between Incheon and Dubai this Wednesday. The carrier originally planned to resume the KE951 and KE952...

Saudi Arabia Considers Multi-Million-Dollar Ukrainian Drone Defense Purchase

Saudi Arabia is currently negotiating a deal with Ukraine to purchase specialized interceptor drones. These systems neutralize Iranian-made Shahed strike drones that recently targeted...
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