IEA Chief: Decision on Oil Reserves Has Strong Impact

IEA's Fatih Birol commented on the decision to release 400 million barrels of oil from strategic reserves, highlighting its significant impact on the market.

Fatih Birol, Executive Director of the International Energy Agency, said on Thursday that the agency's decision to release 400 million barrels from global strategic oil reserves has already had a 'strong impact'. He stated that this move was crucial for market stability.

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2026-03-12T13:27:36+00:00

Jebel Ali Port in Dubai operates at full capacity

Dubai's Jebel Ali Port announced full capacity operation, highlighting its role in global trade and development investments.

Economy Events Local

2026-03-12T13:26:22+00:00

European Stocks Continue Decline

European stock markets closed lower on Thursday, extending a streak of losses. Investors focused on macroeconomic data and corporate reports. Experts note high volatility due to geopolitical uncertainty.

Economy Politics Local

2026-03-12T13:24:41+00:00

Major E-Sale Launches in Dubai with Discounts up to 95%

Dubai Festivals and Retail Establishment has announced the launch of the 'Major E-Sale' event, offering up to 95% discounts on thousands of products. Shoppers can also win prizes totaling 200,000 AED.

Economy Events Local

2026-03-12T13:21:01+00:00

UAE Markets Under Pressure Amid Declines

UAE market indices faced further pressure on Thursday, leading to new price declines in stocks, particularly in real estate, banking, industry, utilities, and energy. Markets continue to experience pressure amid overall uncertainty.