back Back to news
Economy Local 2025-11-03T04:08:34+00:00

Oil prices rise after OPEC+ decision to suspend output hike

Oil prices rose in Asian trading on Monday after OPEC+ decided to suspend production increases in Q1 next year, calming fears of supply glut.

Oil prices rise after OPEC+ decision to suspend output hike

Oil prices rose in early Asian trading sessions on Monday after the OPEC+ group decided to suspend production increases in the first quarter of next year, which calmed growing concerns about supply glut. The OPEC+ decision was a key factor supporting oil markets and helped stabilize prices amid global economic uncertainty.

Latest news

See all news
Positive Growth of GCC Economies in Q1 2025
2025-11-03T04:09:12+00:00

Positive Growth of GCC Economies in Q1 2025

The GCC economies showed positive dynamics in Q1 2025, demonstrating the resilience of the economic system and successful progress towards sustainable development in the region.
Economy Local
EU Considers Lowering 2040 Climate Target Due to Ineffective Forests
2025-11-03T04:08:52+00:00

EU Considers Lowering 2040 Climate Target Due to Ineffective Forests

The European Union is considering a clause to lower its 2040 climate target. This will happen if member states' forests fail to absorb enough CO2 emissions from the atmosphere to meet current commitments.
Politics Economy Health Local
Dubai hotels achieve record occupancy in November
2025-11-03T01:31:04+00:00

Dubai hotels achieve record occupancy in November

Dubai hotels record over 94% occupancy in November, with five-star and beachfront properties leading the demand. Dubai International Airport also sets a new passenger seat record.
Economy Events Local