Dubai authorities launch an incentive package worth over USD 800 for residents who invite family and friends to visit, aiming to attract more tourists after months of decline.
Three weeks after a US-Iran memorandum of understanding, shipping traffic through the Strait of Hormuz remains at only one-third of normal levels and has further declined this week, keeping oil and gas supplies tight.
The Asian Development Bank (ADB) has reduced its economic growth forecast for southeast asia to 4,5%, while maintaining its outlook for Vietnam, citing prolonged energy disruptions stemming from the middle east conflict.
The termination of the ceasefire with Iran traps president Trump between the risk of prolonged conflict and pressure from dwindling domestic oil reserves.
The government agrees to extend environmental protection tax, value-added tax (VAT), and preferential import tax on fuel for an additional three months, until 30/9.
Despite lingering doubts about Iran's commitments, US officials agreed that the agreement still needed to be signed, as the conflict ultimately had to conclude.
President Trump declared he is ready to resume airstrikes against Iran if the nation 'misbehaves' following a preliminary agreement between the two countries.
Determined to avert last-minute conflict triggers, President Trump raced against time to finalize a dramatic agreement between the United States and Iran.
Cushing, the US storage and pricing center for West Texas Intermediate crude oil, is approaching "minimum operating levels," raising concerns about global supply in the coming month.
Government allows businesses to apply special mechanism, exploiting coal up to 15% beyond capacity, ensuring national energy security in urgent situations.
