Diesel Price Rise Threatens Global Economy

Traders and analysts warn that rising diesel prices threaten to slow global economic activity due to the impact of the Middle East war on fuel supplies and crude oil types.

Traders and analysts warn that rising diesel prices threaten to slow global economic activity, with the impact of the war in the Middle East on fuel supplies used in industry and the type of crude oil most suitable for its production.

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2026-03-11T04:27:29+00:00

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.

Economy Politics Local

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