Asia-Pacific Markets Rise Amid Middle East War and Oil Reserve Plans

Asia-Pacific markets rose on Wednesday. Investors are assessing the war in the Middle East, while concerns about oil supply disruptions have eased after a report that the IEA proposed the largest strategic reserve release in history.

Asia-Pacific markets rose on Wednesday as investors assessed the ongoing war in the Middle East, while concerns about oil supply disruptions eased after a report indicated that the International Energy Agency proposed the largest strategic petroleum reserve release in history.

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2026-03-11T02:49:46+00:00

Azizi Developments Launches $20.4B Hospitality Plan in Dubai

Dubai-based Azizi Developments has unveiled a landmark 75 billion dirham ($20.4 billion) investment plan for the emirate's hospitality sector. The ambitious project will develop 151 new hotels, adding 60,000 rooms and creating over 75,000 jobs, reinforcing Dubai's status as a leading global tourism destination.

Economy Events Local

2026-03-11T02:38:33+00:00

UAE Ministry Intensifies Price Controls on Goods

The UAE's Ministry of Economy and Tourism reported over 7,000 inspections since the regional crisis, detecting violations and imposing fines. Authorities emphasize markets are well-stocked and prices are stable.

Economy Health Local

2026-03-10T22:58:21+00:00

IEA Emergency Meeting on Oil Markets

32 IEA member nations convene an emergency meeting to address deteriorating global oil market conditions and potential strategic reserve releases.

Economy Politics Local

2026-03-10T22:32:48+00:00

Growth as the Key to Fighting Poverty

Economic growth, distributed across all segments of society, is the foundation for fighting poverty and improving the standard of living. However, such growth cannot be eternal, and it is currently slowing in many countries around the world.