Business

Business

IEA to accelerate oil reserve release, says 100 million barrels still to come

By Kate Abnett and Holger HansenBRUSSELS, Oct 7 (Reuters) - The International Energy Agency agreed on Wednesday to accelerate the release of oil stocks and to prioritise diesel supplies under a plan launched in March, as governments seek to tackle record fuel prices and supply disruptions caused by the Iran war.Wars in Iran and Ukraine have damaged refineries and disrupted tanker traffic, helping drive diesel prices to record highs in many markets and turning the fuel into a major political and economic concern worldwide.

Al-MonitorOctober 7, 2026

Business

Evicted pensioner who sparked Spain housing protests dies: tenant union

Maricarmen Abascal, whose eviction symbolized Spain’s housing crisis and led to national protests, has passed away. Her case ignited political debates across the country.

Arab NewsOctober 7, 2026

Business

Private sector accounts for 95% of Saudi social insurance subscribers; Riyadh tops with 52%

The Saudi private sector accounts for 95 percent of all subscribers registered with social insurance, with Riyadh recording the highest share.

Saudi GazetteOctober 7, 2026

Business

Brazil, China not in statement on overproduction after G20 talks

Thirteen countries, including the US and EU, issued a statement addressing excess industrial capacity after G20 talks, notably excluding Brazil and China. This move targets overproduction often associated with Beijing.

Arab NewsOctober 7, 2026

Business

Spanish pensioner who sparked housing protests has died

Maricarmen ⁠Abascal, the octogenarian woman whose eviction set off housing protests across Spain, has died, a tenants' union in Madrid has said. Unions are now calling for a nationwide general strike on November 11.

DW عربيةOctober 7, 2026

Business

World Bank forecast Saudi economy to rebound with 7.9% growth in 2027

The World Bank expected the Saudi economy to register strong growth of 7.9 percent in 2027, raising its forecast by about 3 percentage points from its April projection of 4.9 percent growth.

Saudi GazetteOctober 7, 2026

Business

Maricarmen dies at 87 after eviction sparked Spain housing protests

Maricarmen became the symbol of Spain's housing crisis after she was evicted on a stretcher in Madrid.

Al Jazeera EnglishOctober 7, 2026

Business

France to release 10m barrels of diesel from stocks

France to release 10m barrels of diesel from stocks France will release 10m barrels of diesel from its strategic stocks, Franceinfo radio reported on Wednesday, citing unnamed sources. Prime Minister Sebastien Lecornu will formally announce the release during a national address scheduled for Wednesday evening.

Middle East EyeOctober 7, 2026

Business

US mortgage rates hit their highest level in three years

Rising borrowing costs have pushed mortgage applications to their lowest level since February 2025.

Al Jazeera EnglishOctober 7, 2026

Business

Business

NAPEC 2026: Algeria Signs Agreements to Boost Hydrocarbon Recovery – الشروق أونلاين

The 14th edition of the North Africa Energy and Hydrogen Exhibition and Conference (NAPEC 2026) has witnessed the signing of two study agreements between the National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) and a Vietnamese oil and gas exploration and production company to assess opportunities for improving hydrocarbon recovery at the Bir Aïssa […]

الشروق أونلاينOctober 7, 2026

Business

UAE seeks to boost Gulf industrial integration and supply chain resilience | The National

Delegation participates in GCC Ministerial Meetings in Bahrain

The NationalOctober 7, 2026

Business

Lebanon poised to explode in protest yet again

Lebanon poised to explode in protest yet again

Arab NewsOctober 7, 2026

Business

IEA members support faster release of reserve oil stocks | The National

Agency says members agree to prioritise release of diesel stocks

The NationalOctober 7, 2026

Business

Belarus cut motor fuel supplies to Russia in September, sources say

Belarus cut motor fuel supplies to Russia in September, sources say

Arab NewsOctober 7, 2026

Business

Business

South Korea Hikes Its Imports Of Algerian Crude Oil By 77% – الشروق أونلاين

South Korea increased its imports of Algerian crude oil by 77% during the first nine months of 2026, averaging 53,000 barrels per day, compared to 30,000 barrels per day during the same period in 2025, rising to second place among the largest importers of Algerian oil, after being in fifth place last year. According to […]

الشروق أونلاينOctober 7, 2026

Business

IEA ready to release more oil reserves if necessary

The International Energy Agency (IEA) is prepared to release additional oil reserves, focusing on diesel amid supply shortages, according to its director, Fatih Birol. Member countries maintain substantial reserves and can act if required.

Arab NewsOctober 7, 2026

Business

Investopia 2026: Stability, AI and connectivity key to attracting global investment

Global investors prioritise stability as geopolitical tensions reshape economy, ministers from the UAE, Lebanon, Uzbekistan and Scotland highlight

Khaleej TimesOctober 7, 2026

Business

London court quashes five more UK rate-rigging convictions

London court quashes five more UK rate-rigging convictions

Arab NewsOctober 7, 2026

More