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Politics Economy Local 2026-03-15T22:24:53+00:00

Starmer and Trump Discuss Strait of Hormuz Reopening

UK Prime Minister Keir Starmer and US President Donald Trump have held talks on the need to reopen the Strait of Hormuz. This strategic waterway is crucial for world trade. Restoring its operation will help normalize global shipping flows.

Starmer and Trump Discuss Strait of Hormuz Reopening

A spokesperson for the UK Prime Minister stated on Sunday that Prime Minister Keir Starmer discussed with US President Donald Trump the need to reopen the Strait of Hormuz to end the disruption to global shipping.

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GCC Energy Data: Oil Production Decline, Gas Stability
2026-03-15T22:36:52+00:00

GCC Energy Data: Oil Production Decline, Gas Stability

GCC oil production fell 5.4% in 2024, while gas output remained stable. Oil reserves grew by 30.7%, and gas by 1%. The oil sector's value added reached $561.2 billion.
Economy Politics Local
Sheikh Hamdan approves strategic initiatives to enhance Dubai citizens' quality of life
2026-03-15T22:36:02+00:00

Sheikh Hamdan approves strategic initiatives to enhance Dubai citizens' quality of life

The Crown Prince of Dubai has approved a package of initiatives to support families, strengthen social bonds, and improve employee health. The initiatives include expanding the 'Sheikha Hind' and 'Community Majalis' programmes, and launching the 'Barzat Dubai' project.
Politics Events Health Local
Sharp Rise in Commodity Prices as a Threat to Financial System
2026-03-15T22:20:30+00:00

Sharp Rise in Commodity Prices as a Threat to Financial System

Central banks worldwide are closely monitoring the oil price shock from the Iran war. Analysts are considering two potential scenarios: either price hikes will lead to reduced demand, or the combination of high inflation and economic slowdown will trigger a crisis.
Economy Politics Local
Gas Price Shock in Europe Due to War with Iran
2026-03-15T22:20:19+00:00

Gas Price Shock in Europe Due to War with Iran

The Iranian attack caused European gas prices to rise by 50%. This could accelerate the continent's decoupling from Russian gas and increase its dependence on American supplies, reaffirming the top priority of energy security.
Economy Politics Local