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2 mins read
Akash Ambani’s MI Emirates name squad for UAE’s inaugural ILT20 — Here are the team members
MI Emirates announced the squad for the upcoming T20 league season hosted by UAE.Kieron Pollard, Dw…
2 mins read
The missing founders of bankrupt crypto fund Three Arrows are reportedly setting up shop in Dubai, and describe the high-profile collapse of the firm as 'regrettable'
"We feel that it's just the interest for everyone if we can be physically secured and keep a low pr…
Jennifer Sor
2 mins read
Russia shuns the US dollar further as it looks to make deals with Iran and Turkey using local currencies
Russia is insulating itself from Western sanctions as it seeks to trade using currencies other than…
Phil Rosen
1 min read
Russia distances itself from the US dollar further as it moves to trade oil with India using the UAE's local currency: report
Russia is insulating itself from Western sanctions as it trades oil in currencies other than the do…
Phil Rosen
2 mins read
Oil prices rise above $100 a barrel as Biden fails to secure an oil output deal with Saudi Arabia
Supply pressures are in play again as President Joe Biden left Saudi Arabia without any kind of ass…
Zahra Tayeb
2 mins read
Oil rises, with WTI topping $110, as supply pressures build and G7 moves ahead on Russian price cap
Investors are switching focus from demand worries to supply constraints as top OPEC producers pump …
Zahra Tayeb
3 mins read
Russia is now China's biggest oil supplier, overtaking Saudi Arabia as Western demand for its crude has dropped
Imports of Russian oil to China have risen 55% over the past year, according to data from the Chine…
Grace Dean
2 mins read
Oil prices rise even as report says President Biden will visit Saudi Arabia and meet with other top crude producers
Biden will meet with Saudi Crown Prince Mohammed bin Salman and with the Gulf Cooperation Council, …
Phil Rosen
1 min read
Oil prices are nowhere near their peak as Chinese demand hasn't fully returned yet, says top OPEC member
"With the pace of consumption we have, we are nowhere near the peak because China is not back yet,"…
Phil Rosen
2 mins read
Here's why oil prices aren't coming down anytime soon — and why OPEC can't stop the climb
"OPEC+ may be talking about higher production, but the likelihood of those barrels hitting the mark…
Phil Rosen
2 mins read
US stocks slip after 2 consecutive gains as investors weigh recession signals
"We are in a tightening mode that can cause corrections or downward moves to many financial assets,…
Phil Rosen
1 min read
Saudi Arabia hikes oil prices sharply, sending US crude futures up to a 3-month high
Aramco's price hikes sent international benchmark Brent crude oil and US benchmark West Texas Inter…
Huileng Tan
1 min read
India and Egypt are working to swap wheat for fertilizer and other goods to ease potential food shortages
Egypt's supply minister said he met with the Indian ambassador to go over a possible deal for 500,0…
Phil Rosen
3 mins read
Russia could be suspended from OPEC's oil-output agreement. 4 experts lay out what that could mean for the price of oil and the wider energy market.
OPEC members discussed removing Russia from its monthly supply quota agreement, WSJ reported. Here'…
Zahra Tayeb
1 min read
Saudi Arabia warns that the world is running out of energy capacity: 'I have never seen these things'
"The world is running out of energy capacity at all levels," said Saudi Oil Minister Prince Abdulaz…
Phil Rosen
2 mins read
Oil prices are tumbling after their recent spike but tighter supplies will push the commodity back to $125 a barrel this summer, UBS says
The investment bank sees oil demand hitting record highs this year as lighter COVID-19 restrictions…
Carla Mozée
2 mins read
US stock futures dip as investors focus on diplomatic talks between Russia and Ukraine ahead of key inflation data
Consumer inflation data and diplomatic talks between Russia and Ukraine in Turkey kept trading nerv…
Adam Morgan McCarthy
2 mins read
Oil prices barrel towards $100 as Putin's order to send troops into Ukraine fuels fears of disruptions to energy shipments
Putin's recognition of two breakaway regions in Ukraine raises the risk of obstructions to Russian …
Shalini Nagarajan
1 min read
These are the 4 top crypto concerns holding back institutional investors, survey says
At the top of the list is crypto security, which trumped regulatory uncertainty and price volatilit…
Isabelle Lee
1 min read
Binance is on track for its 1st Gulf-region expansion after getting regulatory approval in Bahrain
Bahrain's central bank is poised to become the first regulator in the Middle East-North Africa regi…