By John Lee. The Iraqi government has directed provincial authorities to monitor market prices and prevent hoarding, alongside approving a series of development, energy, and administrative measures.
South Korea’s Kia cuts 2030 EV target over 20%, plans humanoid robots at US factory
South Korea’s Kia Corp said on Thursday that it aims to sell 1 million electric vehicles (EVs) by 2030, lowering its earlier target by about 20 per cent from 1.26 million announced last year, …
US-Iran ceasefire brings little relief as Hormuz shipping barely moves
Movements are dominated by smaller, risk-tolerant operators, while mainstream oil majors and large global shipping firms remain absent.
Philippine business group urges quick action during brief Strait of Hormuz reopening
The Philippine Chamber of Commerce and Industry (PCCI) urged the government and private sector to secure oil and fertilizer shipments during a reported …
IMF Mission to Visit Pakistan Next Month for Budget Talks
The International Monetary Fund is expected to send its mission to Pakistan next month to help finalize the federal budget for FY2026-27 with a strong …
Business community leaders describe Iran-US ceasefire as country’s ‘greatest-ever diplomatic achievement’
KARACHI: Chairman Businessmen Group (BMG) Zubair Motiwala, while terming the US-Iran ceasefire as the biggest achievement after Pakistan’s independence, said that it had brought immense pride and …
Iraq Could Restore Oil Exports to Pre-war Level within a Week if Hormuz Reopens, Basra Oil Chief Says
Asharq Al Awsat Iraq could restore crude oil exports to around 3.4 million barrels per day within a week provided the Iran war ends and the Strait of Hormuz reopens, the head of the country’s …
Iraq Could Restore Oil Exports to Pre-war Level within a Week if Hormuz Reopens, Basra Oil Chief Says
Asharq Al Awsat Iraq could restore crude oil exports to around 3.4 million barrels per day within a week provided the Iran war ends and the Strait of Hormuz reopens, the head of the country’s …
Iraq’s oil hub slows to crawl as Strait of Hormuz closure strangles exports
Iraqi oil fields once alive with the buzz of workers are nearly deserted. Ports that pulsed with the churn of cargo have fallen still, the din of commerce replaced by the soft rhythm of waves.
Iran is holding the world economy hostage. Trump’s truce proves its leverage
President Donald Trump has cast a fragile two-week ceasefire between the United States and Iran as a “total and complete victory.” But the terms of the truce highlight how Iran has used control of the …