OPEC Predicts Decrease in Global Oil Demand

The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday predicted that global oil demand from the OPEC+ alliance will decrease by 400,000 barrels per day in the second quarter. Data published indicates a slight surplus in that quarter before a decision is made on resuming production increases.

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2026-02-12T04:17:53+00:00

Lagarde Urges EU for Swift Action

ECB chief Christine Lagard urges EU leaders to accelerate measures to boost bloc's flexibility and resilience.

Politics Economy Local

2026-02-12T01:58:31+00:00

UAE Retailers Prepare for Ramadan: Surge in Food Imports

Data from DP World reveals that UAE retailers are proactively planning food supplies ahead of Ramadan. Imports of rice, onions, nuts, and other goods through Jebel Ali port have surged in the six to eight weeks leading up to the holy month.

Economy Events Local

2026-02-12T01:57:36+00:00

«Cooperative Union» announces discounts of up to 60% on 3000 items for Ramadan

«Cooperative Union» is launching a major Ramadan campaign, offering discounts of up to 60% on 3000 items, including essential foodstuffs. The company is also fixing prices on 160 goods and conducting prize draws, including cars.

Economy Local

2026-02-12T01:56:27+00:00

UAE Approves Ramadan Inspection Plan

The UAE Supreme Committee for Consumer Protection has approved a comprehensive plan for Ramadan market inspections. The initiative includes enforcement, awareness campaigns, and sector cooperation to ensure price stability and consumer rights. Over 155,000 inspections were conducted in 2025.

Economy Politics Local