Business

The Middle East crisis is no longer just a geopolitical standoff, rather it has now escalated into a full-scale war zone, with the potential to send shockwaves through multiple economies. Analysts have warned that the US and Israel’s attack on Iran could carry direct consequences for consumers and the broader economy. At the heart of…

Air India cancelled several flights scheduled for Sunday, to the United Arab Emirates, especially Dubai, as the evolving West Asia crisis has led to operational restrictions and schedule changes across the region.In a statement posted on X, Air India said UAE airport authorities had instructed airlines to reduce operations. “In view of the latest instructions…

The ongoing Middle East crisis has triggered concerns over the supply of several essential commodities, including fertilisers. Addressing these worries, the government on Saturday said the country’s fertiliser availability remains stable, assuring that existing stocks of urea and other key crop nutrients are “more than adequate”.Speaking at an inter-ministerial media briefing on the situation related…

UAE’s Best Savings Tools in 2026: Apps, Budget Rules and Smart Money Hacks Explained As the cost of living rises across the Gulf, many residents in the UAE are searching for smarter ways to save money without sacrificing their lifestyle. From digital budgeting apps to automated savings tools and simple financial rules, a new wave…

What is force majeure and why have some Gulf countries invoked it during the Iran vs US-Israel war? As the Middle East conflict between Iran, the United States and Israel intensifies, a legal term rarely discussed outside corporate boardrooms has suddenly become headline news and that is force majeure. Several Gulf energy producers, including Qatar,…

The Income Tax department on Saturday asked taxpayers to ignore emails, if any, received alerting them about ‘significant transactions’ as part of the Advance Tax e-campaign.In a post on X, the Central Board of Direct Taxes (CBDT) said certain taxpayers have received emails containing inaccurate details regarding ‘significant transactions’ undertaken by them under the ongoing…

The Trump administration has intensified efforts to recoup about $1.6 trillion in tariff revenue lost after the Supreme Court struck down a range of the president’s import duties, with officials turning to new investigations and legal provisions to impose replacement levies, according to news agency AP report.Experts say recovering the revenue–which the White House had…

Union Coal and Mines Minister G Kishan Reddy on Saturday said coal demand could rise further in the coming weeks with temperatures climbing, but asserted that the government is prepared to manage the situation through higher domestic production, PTI reported.He said coal companies are stepping up output and the Centre is in constant coordination with…

NEW DELHI: The Ministry of Petroleum and Natural Gas on Saturday said consumers with piped natural gas (PNG) connections will no longer be allowed to retain, obtain or refill domestic LPG cylinders under an amended supply order.The ministry, in amendment order, said that it will bar government-run oil marketing companies from issuing new LPG connections…

The persistence and sustainability of high oil prices will play a key role in shaping the scale of the economic impact on countries. (AI image) Inflation at a benign 2.2% and growth at 8.0% in the first half of 2025-26 present a rare goldilocks period – that’s what RBI governor Sanjay Malhotra said in the…