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Business
Oil Prices Rise Over 1% on Iran Hormuz Vessel Claims
CAIRO/DUBAI: Oil prices rose more than 1% on Friday after Iran said it stopped two vessels from leaving the Strait…
Shelbit Crypto Exchange Moved $4 Billion, Reuters Finds
DUBAI, UAE: The unlicensed Shelbit crypto exchange processed at least $4 billion for an Iranian gambling network spanning more than…
Sorange Coal Mine Blast Kills at Least 34 Near Quetta
QUETTA, Pakistan: The Sorange coal mine blast killed at least 34 workers near Quetta, Balochistan, after methane gas triggered an…
Oil Prices Fall Over $1 but Head for 20% Monthly Gain
Oil prices fell more than $1 on Friday, with Brent at $88 and WTI at $82.09, but both benchmarks remained…
Global Air Travel Demand Falls 1.7% in June
GENEVA, Switzerland: Global air travel demand fell 1.7% year on year in June 2026 as Middle East disruptions and weak…
Microsoft Revenue Hits $90 Billion as Azure Rises 43%
REDMOND: Microsoft Corp. (Nasdaq: MSFT) said its revenue rose 18% to US$90 billion in the fiscal fourth quarter, driven by…
Saudi Deposit Rollover Extends $5 Billion for Three Years
ISLAMABAD: A Saudi deposit rollover extended the maturity of US$5 billion held by Pakistan for three years, Finance Minister Muhammad…
KSE-100 Sell-Off Erases Nearly 2,000 Points Intraday
KARACHI, Sindh: The KSE-100 sell-off erased nearly 2,000 points intraday on July 29 as renewed Middle East attacks pushed oil…
Oil Prices Jump Over $3 After US-Saudi Iraq Strikes
SINGAPORE: Oil prices jumped more than $3 a barrel on Wednesday, July 29, after US-Saudi strikes in Iraq and Iran’s…