Oil prices are drifting lower with a stubborn sense of inevitability, weighed down by swelling supply and an unconvincing geopolitical risk premium, even after the shock of a US strike in Venezuela.From Wall Street to Mumbai, analysts are converging on a view that crude could revisit levels last seen during periods of acute oversupply, with Brent flirting with $50 a barrel by mid-year and struggling to mount a durable recovery.The immediate drag is Opec+ itself. After years of restraining output

Oil prices steadied on Friday as concerns about potential disruption to Iran's output were offset by expectations of increased supply from Venezuela.Brent futures gained 18 cents, or 0.3 per cent, to $62.17 per barrel by 1005 GMT, while US West Texas Intermediate (WTI) crude climbed 17 cents, or 0.3 per cent, to $57.93.Both benchmarks climbed more than 3 per cent on Thursday, following two straight days of declines. For the week, Brent is on track to climb 2.3 per cent, while WTI has gained 1 pe

Airbus CEO Guillaume Faury conceded likely defeat in the annual order race against Boeing on Wednesday, saying it was possible Boeing would win for the first time in six years, helped by settlements over U.S. tariff disputes.Airbus remains ahead of its U.S. rival in deliveries and the pipeline of outstanding orders, Faury told France Inter. Buoyed by strong demand for its 787 long-haul jet, Boeing on Wednesday posted 908 net orders after cancellations between January and November, compared with

A flurry of multi-billion-dollar deals has bankers and advisers from Wall Street to Canary Wharf packing laptops next to presents and warning family and friends their holiday vacations over the next two weeks will be cut short. There have been $463.6 billion in mergers and acquisitions announced this month, 30% more than last year, including Trump Media Technology Group's $6 billion merger with nuclear fusion firm TAE Technologies, IBM's $11 billion purchase of data infrastructure company Confl

Abu Dhabi will invest Dh240 billion ($65.4 billion) over the coming years in infrastructure development, with a strong role for private-sector entities, as the emirate sees its population doubling by 2040, a senior official said on Monday.“A lot of people think infrastructure is construction, but it touches a lot of different economic sectors — hospitality, healthcare, education, construction and transportation, etc. When the government actually pumps a lot of investment into infrastructure and

In a significant move that highlights the UAE’s growing importance as a regional energy and logistics hub, YKI – YongKang International Trading Co Ltd, a Taiwan-founded enterprise with advanced production capabilities in China, has officially expanded its operations into the UAE

India’s markets regulator has accused a Bank of America (BofA) unit of violating its insider trading rules and breaking internal "Chinese walls" in connection with a 2024 share sale, a notice showed.The notice followed a Securities and Exchange Board of India (SEBI) investigation into the conduct of the bank's domestic securities unit in managing a March 2024 stock sale of Aditya Birla Sun Life Asset Management (ABSL AMC).The investigation found the bank's deal team, while holding unpublished pr

Aldar has successfully priced its $1.0 billion subordinated dated hybrid notes. The transaction attracted robust demand from a global institutional investor base, underscoring confidence in Aldar’s credit profile, and earnings outlook as it continues to deliver on its transformational growth strategy.Proceeds from the issuance are intended to support the continuation of Aldar’s growth agenda and its strategic priorities, including landbank replenishment, expansion of its develop-to-hold portfoli

For over a century‭, ‬Bentley has embodied a blend of stateliness and raw ability‭, ‬earning its place in novels‭, ‬films and countless‭ ‬celebrity garages‭. ‬Among its coupés‭, ‬sedans and SUVs‭, ‬it is the Flying Spur we focus on today‭, ‬now the brand’s flagship following the Mulsanne’s retirement‭. ‬Fortune struck when I was handed the keys to a nearly Dh2‭ ‬million 2025‭ ‬Bentley Flying Spur Speed to experience its‭ ‬craftsmanship and performance‭. ‬

Brussels' proposal to abandon a 2035 deadline for a total shift to fully electric driving allows Europe's legacy carmakers more time to sell hybrids, but for the longer term, EVs are still the future, analysts and experts said.Last month, the European Commission published plans to abandon an effective 2035 ban on combustion engine cars, after lobbying from the region's auto sector, helping them better compete against fast-moving Chinese rivals.Plug-in hybrids, range-extended EVs, which use a sma

The UAE is one of the fastest-expanding eCommerce markets in the region, with online retail continuing to gain momentum year after year. For entrepreneurs, launching an online business may seem straightforward, but sustaining growth in such a competitive environment requires much more than just listing products and waiting for sales to happen.Many new business owners focus heavily on profits from day one. While revenue is important, long-term success depends on a combination of operational, tech

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