Business

Damascus: Syria recorded nearly 12,000 overflights in May after airlines altered their routes across the region to avoid airspaces affected by recent regional developments. The number of flights crossing Syrian airspace increased by about 375 percent …

Brussels: In the first quarter of 2026, there were 471.1 million overnight stays in tourist accommodations across the EU, marking an increase of 3.4% compared with the same quarter of 2025. January recorded 143.5 million nights (+3.2% compared with Ja…

Abu dhabi: Oil prices surged by more than 4 percent on Monday. Brent crude futures rose by US$3.86, or 4.2 percent, to settle at US$94.98 per barrel. US crude futures also gained US$4.80, or 5.5 percent, to settle at US$92.16 per barrel.

According t…

Abu dhabi: US crude oil exports reached a record high of 5.6 million barrels per day in May, driven by increased demand from Asian and European refineries following developments in the Middle East and the closure of the Strait of Hormuz. Data related …

Istanbul: The Turkish economy recorded growth of 2.5 percent during the first quarter of this year compared to the same period last year.

According to Emirates News Agency, data released by the Turkish Statistical Institute on Monday showed that th…

New york: Major indices on Wall Street closed higher on Monday. The S and P 500 rose by 20.19 points, or 0.27 percent, to close at 7600.03 points. The Nasdaq Composite gained 114.75 points, or 0.43 percent, to reach 27087.37 points, while the Dow Jone…

Dubai: Allied World Assurance Company Holdings, Ltd (Allied World), a global provider of insurance and reinsurance solutions, has opened a new regional office in Dubai International Financial Centre (DIFC). This local presence will allow Allied World …

Abu dhabi: The US dollar steadied on Tuesday in a wait-and-see approach to the Middle East peace talks. The dollar index ticked up to 99.19, the euro edged up to $1.1633, and sterling gained slightly to $1.3457. The Japanese yen was a tad lower agains…