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Business

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Wall Street steady near peak as oil prices surge, then retreat
Wall Street steady near peak as oil prices surge, then retreat

NEW YORK CITY, New York: U.S. stocks hit new record highs this week, even as oil markets saw sharp swings driven by ongoing tensions...

Wall Street divided Friday, but Nasdaq gains 222 points
Wall Street divided Friday, but Nasdaq gains 222 points

NEW YORK, New York - World stock markets closed with a split personality on Friday, as technology-heavy indexes posted solid gains...

Kone strikes $34 billion deal to acquire rival TK Elevator
Kone strikes $34 billion deal to acquire rival TK Elevator

HELSINKI, Finland: Finnish elevator maker Kone has agreed to acquire Germany's TK Elevator in a US$34 billion deal that would reshape...

UAE quits OPEC, raising questions over future oil price control
UAE quits OPEC, raising questions over future oil price control

FRANKFURT, Germany: The United Arab Emirates' decision to leave OPEC marks one of the most significant shifts in the global oil market...

Investors press Alphabet on oversight of AI, cloud contracts
Investors press Alphabet on oversight of AI, cloud contracts

LONDON, U.K.: A group of Alphabet shareholders is stepping up pressure on the company to clarify how it monitors the use of its cloud...

Dow Jones soars 790 points as U.S. markets reach for sky
Dow Jones soars 790 points as U.S. markets reach for sky

NEW YORK, New York - North American stock markets closed sharply higher on Thursday, delivering broad-based gains as investors returned...

Middle East

Section
UAE quits OPEC, raising questions over future oil price control
UAE quits OPEC, raising questions over future oil price control

FRANKFURT, Germany: The United Arab Emirates' decision to leave OPEC marks one of the most significant shifts in the global oil market...

Europe faces jet fuel squeeze as Middle East supplies halt
Europe faces jet fuel squeeze as Middle East supplies halt

LONDON, U.K.: Europe is facing growing concerns over jet fuel supply as shipments from the Middle East, its largest external source,...

Israel's president says he’s in no hurry to pardon Netanyahu
Israel's president says he’s in no hurry to pardon Netanyahu

JERUSALEM, Israel: Israel's president signaled that he was in no hurry to consider Prime Minister Benjamin Netanyahu's request for...

Shaheen claims silver at Monaco International Rugby Sevens
Shaheen claims silver at Monaco International Rugby Sevens

MONACO, 2nd May, 2026 (WAM) -- The UAE Rugby Federation's Shaheen team secured second place and the silver medal at the Monaco International...

Singh Sewa Group works with Indian Embassy for repatriation of terminally-ill Indian national from Qatar
Singh Sewa Group works with Indian Embassy for repatriation of terminally-ill Indian national from Qatar

Doha [Qatar], May 2 (ANI): Gurreet Singh Gopi, an Indian national who was diagnosed with terminal-stage cancer, was repatriated from...

Air India CEO flags flight cuts as jet fuel spike makes routes unviable: Sources
Air India CEO flags flight cuts as jet fuel spike makes routes unviable: Sources

New Delhi [India], May 2 (ANI): Air India has cut flight schedules and warned of further reductions in the coming months as a 'massive...