A facility operated by oil and gas services company Lamprell in Dubai, United Arab Emirates. — Reuters/FileDUBAI: The United Arab Emirates’ non-oil foreign trade has surpassed $1 trillion for the first time in its history, marking a major milestone for the Gulf…
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What is Opec+ and how does it affect oil prices?
An installation depicting barrel of oil with the logo of Opec is seen during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. — Reuters
The United Arab Emirates, one of Opec+’s largest producers, will leave the oil producers’ alliance…
Pakistan ‘considers’ buying cheap oil and gas from Iran
A general view shows a unit of South Pars Gas field in Asalouyeh Seaport, north of Persian Gulf, Iran November 19, 2015. — ReutersRLNG connections to be restored soon, announces minister.Govt passed on more relief than global price reduction: MalikCameras installed at textile mills to…
ADB revises Pakistan’s FY25 growth forecast to 2.7%
An image of the Asia Development Bank’s logo. — Reuters/FileFY26 growth forecast held steady at 3%.Regional GDP trimmed to 5.9% on trade risks.US tariffs, conflicts threaten regional supply chains.
KARACHI: The Asian Development Bank has revised Pakistan’s economic growth…