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Saturday, October 10, 2026

Economy

Record 52% of Europe Exposed to Severe Heat Stress During Summer 2026

Copernicus Says Exceptional Heatwaves Made 2026 Europe’s Third-Hottest Summer on Record BRUSSELS: A record 52 percent of Europe was exposed to “very strong” heat stress...

EU and UAE Open New Chapter in Longstanding Strategic Partnership

European Union Highlights Growing Cooperation with Emirates in Trade, Investment, Climate, AI and Security Brussels Says Partnership Has Evolved from Diplomatic Relations into...

EU Fuel Prices Surge 23.8% in August as Energy Costs Accelerate

Bulgaria, Lithuania and Finland record sharpest annual increases; diesel prices rise across 26 EU countries BRUSSELS: Fuel and lubricant prices for personal transport across the...

Russian Official Says Europe Faces ‘Worst Energy Crisis in History’

RDIF Chief Kirill Dmitriev points to fuel shortages in France as evidence of mounting energy pressures across the EU MOSCOW: Europe is facing what Russian...

OOCL Portugal Makes first Suez Canal transit as Container Traffic Rebounds

Container-ship tonnage rises 54.2% in first eight months, signaling renewed activity along the strategic waterway CAIRO: The COSCO-affiliated container vessel OOCL PORTUGAL crossed the Suez...

Oil Prices Surge as Strait of Hormuz Uncertainty Fuels Supply Concerns

WTI Gains More Than 4% as Markets Brace for Potential Middle East Supply Disruptions NEW YORK: Oil prices surged sharply at Tuesday’s settlement, with both...

Ethiopia Inaugurates Landmark Logistics Hub in Mojo, Advancing AfCFTA Vision and Regional Integration

Prime Minister Abiy Ahmed Unveils First Phase of 60-Hectare Modern Logistics Center Expansion Mojo, Ethiopia – In a defining moment for Ethiopia's economic transformation and continental...

Egypt’s International Reserves Reach Record $57.2 Billion Strong Reserve Position Highlights Continued Progress in...

Strong Reserve Position Highlights Continued Progress in Economic and Financial Stability Islamabad - Egypt’s net international reserves climbed to an all-time high of nearly...

Japan Moves to Strengthen Energy Security After Iran War

Tokyo to Support Middle East Pipelines Bypassing Strait of Hormuz TOKYO: Japan plans to support efforts to develop alternative oil pipelines in the Middle East as...

Pakistan, Russia Pledge Deeper Agricultural Ties as Moscow Eyes Expanded Role in Farm Mechanisation...

Federal Minister Rana Tanveer Hussain chairs high-level talks with Russian economic delegation; both sides agree to explore cooperation in machinery, fertilisers, pesticides, and livestock vaccines