UAE business activity picks up as prices rise at fastest pace in over 15 years
Companies are enjoying stronger demand at home and abroad, but rising costs, higher prices and cautious hiring suggest the recovery is still being treated with care
Business
Oil falls as Russian diesel supply prospects counter Gulf supply risks
Oil falls as Russian diesel supply prospects counter Gulf supply risks
Business
إضاءة دبي
Moscow, Russia – October 13, 2026 – (SeaPRwire) – On 13 October, the Russian international settlement system A7, created by Bank PSB, is set to present A7 International, a service enabling payments for a foreign counterparty’s invoice in USDT, with the funds arriving via a standard SWIFT bank transfer in the required currency. The service will cater […]
Business
IMF slashes Middle East growth outlook due to war disruptions
IMF slashes Middle East growth outlook due to war disruptions The International Monetary Fund (IMF) has sharply cut growth forecasts for the Middle East and Central Asia in 2026 amid the ongoing conflict in the region. Saudi Arabia's GDP is expected to contract by 3.3 percent this year, the IMF said in its latest World Economic Outlook report, adding that the kingdom was among the least affected in the region.