China witnesses growth loss due to Iran war disruptions
China's factory output grew 4.1% from a year earlier (slowest growth since July 2023), compared with a 5.7% rise in March...
Tag : Strait of Hormuz
Trump’s war, tariffs squeeze American wallets
President Donald Trump's dual strategy of striking Iran and imposing tariffs globally has triggered a severe economic crisis...
Islamic finance to witness growth slowdown in 2026, says S&P Global
As per the S&P Global, the Islamic finance industry is undergoing a high degree of unpredictability regarding the duration and scope of the Iran war...
IF Insights: UAE stands to gain after exit from OPEC
Fitch sees the UAE's oil production remaining unaffected in the post-OPEC world, with revenues getting boosted in the longer term...
Iran war shoots up global food prices at their three-year high
The FAO's April index rose to its highest since July 2022 as a result of the increased prices of soy, sunflower, rapeseed oil and palm oil...
In a respite from Hormuz stalemate, MSC opens new express service
MSC's announcement will likely provide relief to the global supply chain players, as they respond to surging demand and mounting disruption...
Exxon’s net income falls to five-year low as Iran war affects output
About 20% of Exxon's oil and gas production is situated in the Middle East, making it the most affected among the global energy players...
USD 50 billion loss in 50 days: Iran war upends oil and gas flow
Gulf countries lost about eight million barrels per day of crude production in March, nearly equivalent to the combined production of Exxon Mobil and Chevron...
Africa faces food security strain as Iran conflict rattles trade
Food prices are being felt mainly by vulnerable African households, given the fact that most countries are still growing at rates below pre-COVID levels...
Renewable shift is being driven by affordability, efficiency and resilience: Rana Adib
REN21 Executive Director Rana Adib shared her insights on the prospect of Asia going aggressive on renewable adaptation to secure its energy and economic outlook...