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Arab Parliament Condemns Attack on Saudi Vessel in Red Sea

Abu dhabi: Mohammed bin Ahmed Al Yamahi, Speaker of the Arab Parliament, has condemned the Houthi attack on a Saudi vessel in the Red Sea, stressing that the attack threatens international maritime navigation, vital waterways, and global energy suppli…

Korea Extends Fuel Tax Cuts Amid Middle East Tensions

Abu dhabi: The Republic of Korea will maintain reduced fuel tax rates through the end of September, the finance ministry announced Friday, amid renewed geopolitical tensions in the Middle East.

According to Emirates News Agency, the current tax redu…

EU Fines Google £890 Million Over Antitrust Violations

Abu dhabi: The European Union on Thursday imposed fines totaling £890 million ($1 billion) on Google, in a decision that could intensify tensions with the United States.

According to Emirates News Agency, the EU penalized the US tech giant £460 mi…

Ford and Geely to Jointly Produce Low-Emission Vehicles

Valencia: Ford and Chinese automotive company Geely Auto announced plans on Thursday to jointly manufacture low- and zero-emission vehicles at Ford’s Valencia, Spain factory.

According to Emirates News Agency, the joint venture, pending regulatory …

Brent Oil Prices Hover Above $100/bbl, Set for Weekly Rise

Brent: Oil prices hovered above $100 per barrel on Friday while heading for their fourth consecutive weekly increase. Brent futures advanced 37 cents, or 0.37 percent, to $101.06 a barrel at 0330 GMT. This follows a significant rise in the previous se…

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