Business & Economy
China Threatens Severe Countermeasures Against EU’s “Made in Europe” Plan Amid Escalating Trade Tensions
China sharply criticized the European Union's "Made in Europe" initiative on Monday, warning it would take retaliatory measures if the...
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Crude Oil Prices Spike $5 per Barrel Following Iranian Air Defense Activation; Market Volatility Reflects Regional Security Concerns
Brent crude oil prices surged approximately $5 per barrel following activation of air defense systems in Tehran, demonstrating acute sensitivity...
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Global Oil Prices Plunge Sharply Following Iran’s Full Opening of Strait of Hormuz
Global oil prices experienced sharp declines of approximately 10 percent on Friday following Iran's announcement to fully open the Strait...
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China Calls on Iran to Restore Shipping Through Hormuz Strait While Respecting Sovereignty
Chinese Foreign Minister Wang Yi urged Iranian Foreign Minister Abbas Araghchi in a Wednesday phone call to make every effort...
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Iraq Receives Major Daily Gold Shipments via Baghdad International Airport
Iraq's Ministry of Planning announced on Wednesday that approximately 300 shipments of imported gold in all forms, including jewelry and...
Read moreDetailsUAE Launches Businesswomen Council in China to Strengthen Economic Partnerships
A delegation from the United Arab Emirates' General Women's Union (GWU) participated in the "UAE-China Business Promotion Conference" hosted by...
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Oil Prices Fall as Markets Anticipate US-Iran Diplomatic De-Escalation and Potential Sanctions Relief
Oil prices retreated on Monday as concerns regarding supply shortages moderated following emerging signals of potential diplomatic dialogue between the...
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OPEC Cuts Global Oil Demand Forecast for Q2 2026 While Production Plummets to Lowest Levels Since 1980s
The Organization of Petroleum Exporting Countries (OPEC) revised downward its global oil demand forecast for the second quarter of 2026...
Read moreDetailsIraq Oil Ministry Implements Gas Coupon System as Production Plummets to Third of Pre-Crisis Levels
Iraq's Ministry of Oil has implemented a gas coupon rationing system to manage domestic liquefied petroleum gas (LPG) supply amid...
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Japan Confirms Release of Additional Oil Reserves to Combat Rising Crude Prices
Japan announced Friday that it will release an additional 20 days' worth of crude oil from its national strategic reserves...
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