Gold prices dip globally after Trump rejects Iran peace response — what it means for UAE buyers
Dubai: Dubai’s gold rates opened unchanged Monday morning after a volatile week in global markets, with shoppers and investors watching whether Middle East tensions and rising oil prices will push bullion higher again in the days ahead. The comes despite international gold prices slipping in early »»»
Iraq Raises June Basrah Medium Crude Price to Asia to $4.30 a Barrel
Iraq has raised the June official selling price for Basrah Medium crude oil to Asia to $4.30 a barrel against the average of Oman/Dubai quotes from the May OSP of $17.30 a barrel, state-owned Iraqi oil marketer SOMO said on Sunday. Basra Heavy to Asia in the same month was priced at $2.20 a barrel »»»
Qatari LNG Tanker Crosses Strait of Hormuz
A tanker carrying liquefied natural gas (LNG) from Qatar appears to have transited the Strait of Hormuz, marking the country’s first export out of the region since the Iran war began. The Al Kharaitiyat, which loaded at the Ras Laffan export plant earlier this month, exited the strait and is in the»»»
Gold Falls on Oil-driven Inflation Worries as US–Iran Peace Talks Falter
Gold prices fell on Monday, as a lack of progress in US–Iran peace negotiations pushed oil prices higher, fueling concerns that elevated inflation could keep interest rates higher for longer. Spot gold fell 0.8% at $4,678.39 per ounce, as of 0407 GMT. US gold futures for June delivery lost 0.9% at »»»
Meet the robots battling Sharjah’s most hazardous blazes
Sharjah: Sharjah Civil Defence Authority has deployed advanced firefighting robots to combat high-risk industrial fires, strengthening emergency response operations while improving firefighter safety in hazardous environments. Brigadier Yousef Obaid Harmoul Al Shamsi, Director General of the author»»»
National Volunteer Platform launched
Doha, Qatar: Under the patronage of Prime Minister and Minister of Foreign Affairs H E Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, the Ministry of Social Development and Family yesterday launched the National Volunteer Platform “Tatawwa,” a unified digital platform aimed at organising and »»»
Europe funds the Ukraine conflict with debt, Russia with cash
How can Europe cover the $100bn the war in Ukraine costs? The EU just signed off on a €90bn loan for Ukraine agreed at a summit on December 19 to get it through the next two years. But the increasingly dysfunctional European economy doesn’t have the cash to make the loan. So, it borrowed it. »»»
At least 31 injured as massive fire engulfs customs warehouse in southwestern Pakistan
QUETTA: At least 31 people were injured after a massive fire engulfed a Pakistan Customs warehouse in the southwestern Balochistan province on Sunday, the Provincial Disaster Management Authority (PDMA) and a health official said. The incident took place at a Pakistan Customs warehouse in Mastung d»»»
US job growth consolidates gains, beating expectations in April
WASHINGTON, United States — US employment rose more than expected in April while the unemployment rate remained steady, according to government data released Friday, with the world's largest economy firming recent labor market gains though analysts warned of underlying weakness."Total nonfarm payro»»»
Market capitalisation of ASE increased by 8% since beginning of 2026
AMMAN — Chief Executive Officer of the Amman Stock Exchange (ASE) Mazen Wathaifi said Sunday that the market capitalisation of the exchange has risen by 8 per cent since the beginning of 2026, increasing by more than JD2 billion.Speaking to Al Mamlaka TV, Wathaifi said the value of approved dividen»»»
Hormuz disruption sends shock through oil and food supply chains - UPI.com
Ten weeks into the Iran war, global shortages of oil, fertilizer and sulfuric acid are intensifying as shipping disruptions in the Strait of Hormuz drive up prices and threaten agriculture, mining and semiconductor production. A handout photo made available by the Royal Thai Navy shows the Thai-fla»»»
Bill Posey, former longtime congressman from Florida, dies at 78 - UPI.com
Bill Posey, seen here at the July 2021 grand opening of Lockheed Martin's Spacecraft Test Assembly and Resource Center in Titusville, Fla., died Saturday, according to Rep. File Photo by Joe Marino/UPI | License Photo May 10 (UPI) -- Bill Posey, a longtime Republican congressman from Florida who re»»»
Hantavirus cruise evacuations: Nations repatriate passengers, follow country-specific protocols
Passengers from a hantavirus-stricken cruise ship have returned home via military and government flights after the vessel docked in Spain's Canary Islands, capping weeks of high-seas isolation amid a rare deadly outbreak. The MV Hondius, a Dutch-flagged expedition ship operated by Oceanwide Expedit»»»
Hantavirus cruise evacuations: Nations repatriate passengers, WHO stresses ‘not another Covid-19’
Passengers from a hantavirus-stricken cruise ship have returned home via military and government flights after the vessel docked in Spain's Canary Islands, capping weeks of high-seas isolation amid a rare deadly outbreak. The MV Hondius, a Dutch-flagged expedition ship operated by Oceanwide Expedit»»»
Trump says US monitoring buried Iranian enriched uranium
Washington: US President Donald Trump has said that the United States is monitoring Iranian enriched uranium buried under the rubble, and the US Space Force takes charge of the matter. If anyone approaches the Iranian enriched uranium, the United States will know about it and "blow them up," Trump »»»
Saudi Arabia Awards Record-Breaking Energy Storage Project to Chinese Firm
In a bold move towards sustainable energy, Saudi Arabia has awarded a landmark contract to China’s BYD Energy Storage, marking a significant milestone in the Kingdom’s renewable energy ambitions. The agreement, signed with the Saudi Electricity Company (SEC), initiates the construction of the world»»»
UAE e-invoicing deadline extended: What this means for businesses now
Dubai: UAE businesses now have extra time to prepare for the country’s mandatory e-invoicing system after authorities extended the deadline for appointing an accredited service provider (ASP) to October 30, 2026. Get updated faster and for FREE: Download the Gulf News app now - simply click here.Th»»»
Global oil inventories drain at record pace amid Hormuz disruption – Bloomberg
Global oil inventories are shrinking at the fastest pace on record amid continuing disruptions in the Strait of Hormuz, Bloomberg has reported. The outlet cited data from Morgan Stanley on Saturday showing that global oil stockpiles fell by about 4.8 million barrels per day between March 1 and Apri»»»
Philippines: House likely to impeach VP Sara Duterte, Senate math points to acquittal, final outcome remains uncertain — what's next
Manila: Vice President Sara Duterte now faces impeachment in the Hosue of Representatives (House), based on current numbers. In short: The House move to impeach the VP based on documents seen and testimonies heard so far is widely expected the happen. A House plenary vote is due in the House on Mon»»»
Barca claim La Liga title with Clasico win over Real Madrid
BARCELONA: Barcelona secured their 29th Spanish league title after beating Real Madrid 2-0 in the Clasico on Sunday. Marcus Rashford and Ferran Torres struck in the first half to help Hansi Flick’s side clinch La Liga in consecutive years, while consigning Madrid to a trophyless season. Barca moved»»»
Barca claim La Liga title with Clasico win over Real Madrid
Barcelona: Barcelona secured their 29th Spanish league title after beating Real Madrid 2-0 in the Clasico on Sunday. Marcus Rashford and Ferran Torres struck in the first half to help Hansi Flick's side clinch La Liga in consecutive years, while consigning Madrid to a trophyless season. Barca moved»»»
Remains of US soldier who went missing during military exercises in Morocco have been recovered
CASABLANCA: The remains of a US Army soldier who went missing during military exercises in Morocco a week ago have been recovered in the Atlantic Ocean, the US military said Sunday. Military teams are still searching for a second missing soldier. The remains found are those of 1st Lt. Kendrick Lamo»»»
Remains of US soldier who went missing during military exercises in Morocco have been recovered
CASABLANCA: The remains of a US Army soldier who went missing during military exercises in Morocco a week ago have been recovered in the Atlantic Ocean, the US military said Sunday. Military teams are still searching for a second missing soldier. The remains found are those of 1st Lt. Kendrick Lamo»»»
Wright: Trump 'open' to suspending gas tax during Iran War price surge - UPI.com
Secretary of Energy Chris Wright said Sunday the Trump administration is "open" to suspending the federal tax on gasoline sales as prices surge amid the U.S.-Israeli war on Iran. File Photo by Bonnie Cash/UPI | License Photo May 10 (UPI) -- Energy Secretary Chris Wright said Sunday the Trump admini»»»
Gazprom Neft Middle East B.V.: Iraqi Kurdistan Sarqala field under Gazprom management
The Sarqala oil deposit inside Iraqi Kurdistan’s Chamchamal District serves as the sole producing asset for Gazprom Neft Middle East B.V., an upstream arm domiciled in the Netherlands belonging to the Russian Gazprom Group. Through a production-sharing structure, the firm manages all field operatio»»»
More than 4.2bn people still won’t have internet this year
The “connected world” has become a buzzword lately, with tech titans from Facebook to Google rushing to get people online. But a UN report released yesterday reveals that you need to provide the prerequisite training, education, and languages before equal access to the internet becomes a reality fo»»»
Romania backs African education with Bitdefender donation to Senghor University in Egypt
The Romanian government, through cybersecurity firm Bitdefender, has provided a financial contribution to fund computer equipment for Senghor University’s newly inaugurated campus in Borg El Arab, Egypt, the Embassy of Romania in Cairo announced on Sunday. The donation, facilitated by Romanian auth»»»
Saudi Arabia finalises Hajj transport plans, urges pilgrims to follow schedules
Saudi Arabia’s Ministry of Hajj and Umrah has finalised preparations to manage pilgrim movement and transport, including access to the Jamarat site and the holy sites metro and oversee transportation between the holy sites during the 2026 Hajj season. The ministry said the plans were developed in c»»»
Iran Responds to US Peace Proposal as Drones Hit Gulf
Iran responded to Washington's latest peace proposal on Sunday, after drones threatened several Gulf region targets and Tehran warned it would not hold back from retaliating against any new US strikes. According to state broadcaster IRIB, Tehran's response, passed to Pakistani mediators, focuses on»»»
Iran responds to US peace proposal as drones hit Gulf
Iran responded to Washington's latest peace proposal on Sunday, after drones threatened several Gulf region targets and Tehran warned it would not hold back from retaliating against any new US strikes. According to state broadcaster IRIB, Tehran's response, passed to Pakistani mediators, focuses on»»»
Official, experts say Pakistan emerged as ‘net security provider’ after 2025 India standoff
ISLAMABAD: Pakistan emerged as “the most dependable net security provider” in the region after its four-day military standoff with India in May 2025, an official and experts said on Sunday, as Islamabad marked the first anniversary of the conflict. The conflict erupted after India blamed Pakistan-b»»»
Dubai Police honours 94 drivers after cutting patrol crashes by 28%
Dubai: Dubai Police has achieved a 28 per cent reduction in traffic accidents involving police vehicles in recent years, crediting the decline to intensive awareness campaigns, specialised driver training programmes, and the adoption of advanced technologies to improve patrol deployment, emergency »»»
Over 11,000 violators arrested, 11,000 others deported in nationwide campaign against illegal residency
Saudi Arabia arrested 11,175 people for violating residency, labour and border security laws during a week-long campaign, the Ministry of Interior said on Sunday. The arrests were carried out between April 30 and May 6 in joint operations involving multiple government agencies. Those detained inclu»»»
Saudi Aramco announces first quarter 2026 results
Riyadh: The Saudi Arabian Oil Company (Aramco) announced on Sunday its financial results for the first quarter of 2026, reporting a robust performance driven by resilience and operational flexibility. The company clarified that adjusted net income reached SAR 126.0 billion, compared to SAR 99.8 bil»»»
99% of residents feel safe: Dubai police station sets new benchmark
Dubai: Serving more than 855,000 residents across 12 key areas in Dubai, Dubai Police’s Al Rashidiya Police Station has recorded a 99.05 per cent safety perception rate, highlighting strong public confidence in security services and community policing efforts. The achievement was reviewed by Lieute»»»
Acwa Q1 profit reaches $91.5m as renewable portfolio expands
RIYADH: Saudi utility developer Acwa posted first-quarter net profit of SR345 million ($91.5 million) as it expanded its renewable energy portfolio and boosted assets under management to SR455 billion. The Riyadh-based company reported revenue of SR2.02 billion for the three months ended March 31, »»»
Egypt Signs Strategic $900m Aluminium Expansion Deal with Trafigura
CAIRO — Egypt signed a strategic partnership agreement with Trafigura to develop major expansions at the Nag Hammadi aluminium complex in Upper Egypt in a project valued at up to $900 million, as Cairo accelerates efforts to strengthen industrial localization, expand exports, and reposition itself »»»
A celestial sign long linked to the Gulf summer is about to appear
The UAE’s skies are set to witness the rise of the lunar station known as “Al Sharatain” before dawn on May 12, a celestial event long associated in Arab tradition with the beginning of summer and the arrival of hotter conditions across the Arabian Peninsula. Ibrahim Al Jarwan, Board Chairman of th»»»
South Korea says ‘unidentified aircraft’ hit cargo vessel in Hormuz Monday
SEOUL: Unidentified aircraft have struck a South Korean cargo ship in the Strait of Hormuz this week, the foreign ministry said Sunday, days after the fire-damaged HMM Namu arrived at port in Dubai. Following the attack, US President Donald Trump has claimed that Iran had “taken some shots” at the »»»
Saudi Aramco quarterly profit jumps 25.5% on higher oil prices
Riyadh, May 10 (SANA) Saudi oil giant Aramco reported a 25.5% rise in first-quarter net profit as higher global crude prices and continued energy market tensions boosted revenues.In a statement published Sunday on the Saudi stock exchange website Tadawul and cited by AFP, the company said net incom»»»
Kylian Mbappe not in Real Madrid squad to face Barcelona Sunday
BARCELONA: Kylian Mbappe has not been included in the Real Madrid squad to face Barcelona in a high-stakes Clasico on Sunday, when Barca could win the La Liga title with a draw. The French forward has been recovering from a hamstring injury and trained with his teammates on Friday, but he was not o»»»
Saudi non-oil industrial activity rises 1.4% in March despite weaker oil output
RIYADH: Saudi Arabia’s non-oil industrial activity remained resilient in March, with output rising 1.4 percent from February and several manufacturing segments posting steady growth despite softer oil-related production. Preliminary data released by the General Authority for Statistics showed the K»»»
Wartime lifeline: Beyond Hormuz, Caspian corridor helping Iran survive
Dubai: Israeli warplanes striking an Iranian naval facility on the Caspian Sea in March may have signalled something far bigger than a military raid. The attack on Bandar Anzali — hundreds of miles north of the Strait of Hormuz — exposed what Western officials increasingly see as a critical wartime»»»
Pakistan’s middle class pushed to brink as fuel prices soar amid Iran war
ISLAMABAD: For Shahzad Ahmed, a manager at a private firm, the 15-kilometer commute from his home to his office used to be a routine part of his professional life. Now, it is a daily exercise in financial survival. “For quite some time now, we have been getting sudden surprises at midnight,” he tol»»»
Kylian Mbappe not in Real Madrid squad to face Barcelona Sunday
BARCELONA: Kylian Mbappe has not been included in the Real Madrid squad to face Barcelona in a high-stakes Clasico on Sunday, when Barca could win the La Liga title with a draw. The French forward has been recovering from a hamstring injury and trained with his teammates on Friday, but he was not o»»»
Sisi, Macron Hold Strategic Talks amid Escalating Regional Crises
Egyptian President Abdel Fattah al-Sisi and French President Emmanuel Macron held wide-range talks in Alexandria on Saturday focused on bilateral ties and mounting regional crises, as the two leaders inaugurated the new headquarters of Senghor University. Macron arrived in the Mediterranean city af»»»
CBL source to Libya Herald: CBL moving towards ending cash collection of taxes and customs duties – moving solely to e-collections
A senior source within the Central Bank of Libya (CBL) revealed to yesterday that the decision to mandate commercial banks and the fintech company, Tadawul, to exempt the Tax Authority, the Customs Authority, and the Libyan Ports Company from fees / commissions for e-payment services via point-of-s»»»
Syrian gold prices unchanged over weekend trading
Damacs, May 10 (SANA) Gold prices in the Syrian market remained stable on Saturday, with 21-karat gold holding at the same level recorded on Thursday. According to the latest bulletin issued by the Syrian General Authority for Precious Metals, the selling price of 21-karat gold was set at 17,550 Sy»»»
Qatar launches National Volunteer Platform
Doha, Qatar: Qatar launched the National Volunteer Platform aimed at developing the volunteer work system through a unified framework based on principles of governance, transparency and efficiency. In a social media post, the Prime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abd»»»
Beware, OpenAI: China Is Building World’s Fastest-Growing AI Cybersecurity Powerhouse
Backed by double‑digit market growth and the State Council's Artificial Intelligence+ action plan, China’s AI security models are evolving at breakneck speed. IDC China forecasts the AI cybersecurity market will hit $8.7 billion by 2030 — a more than 37-fold increase from 2025 Security AI applicati»»»