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Business

  • Sovereign wealth funds
Oman Investment Authority headquarters
Oman wealth fund’s total assets are around almost $60 billion
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  • Iraq's oil export
Mohammed says Iraq aims to reach a production capacity of 5 million barrels per day
Iraq exported 10 million barrels of oil through Strait of Hormuz in April
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  • Strait of Hormuz
Japan's PM Sanae Takaichi
Second Japan-linked oil tanker sails via Strait of Hormuz
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  • Travel
TUI CEO Sebastian cites strong cruise demand and no jet fuel shortage expected
TUI sees strong holiday bookings despite Iran war
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  • Foreign exchange
Iran peace deal hopes dwindle
Dollar at one-week high on renewed Middle East uncertainty
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  • Strait of Hormuz
Iran is formalising the control of the Strait of Hormuz
Iraq, Pakistan secure energy deals with Iran
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  • Morocco's economy
This five-year performance strengthens Morocco’s position as one of the more dynamic economies in North Africa
Morocco’s economy records strong 4.5% average growth between 2021 and 2025
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  • Stock markets
The market reaction on Monday was a lot tamer than during past flare-ups in rhetoric
Iran war uncertainty keeps markets on edge
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  • Strait of Hormuz
LNG tanker Al Kharaitiyat started crossing Hormuz via the Iranian-approved northern route
Second Qatari LNG tanker heads through Hormuz to Pakistan
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  • Saudi Aramco
Amin Nasser: Our objective is simple: keep energy flowing
Aramco CEO warns lost oil barrels will slow market recovery
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  • Libya's oil
Repeated armed clashes
Emergency declared at Libya’s Zawiya refinery due to nearby clashes
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  • Oil prices
The US government and CME are probing the trades
Oil-price bets ahead of Iran war news totalled $7 billion
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  • Automotive industry
Rising costs and supply snarls from the Iran war outweigh surging demand for hybrid vehicles
Toyota expects Iran war fallout to cost $4.3 billion
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  • World food prices
Prices are dearer
World food prices extend rise in April for a third month
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  • Aviation industry
Etihad and Qatar Airways drove the steepest drop
Gulf aviation hit again as drone strikes stall flight recovery
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  • UAE ports
Crude exports from Fujairah rose to an average of 1.62 million bpd by late March from 1.17 million bpd in February
Gulf trade shifts east as Fujairah, Khor Fakkan become lifeline ports
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