Category : Business

Business

Global markets face disruption amid $17.3 trillion oil shock warning

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by iraqupdate.com030
CryptoWire, LONDON: Global financial markets are navigating renewed turbulence after warnings of a potential $17.3 trillion oil price shock that could reverberate across energy, currency, and digital...
Business

Tesla global deliveries decline as EV demand slows

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by iraqupdate.com032
MENA Newswire, AUSTIN, Texas: Tesla Inc. reported 418,227 vehicle deliveries for the fourth quarter of 2025, marking a 16 percent decline from the 495,570 units delivered in the same...
Business

Precious metals market sees major year-end correction

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by iraqupdate.com038
EuroWire, NEW YORK: Precious metals fell sharply on Monday as investors locked in profits after a series of record-breaking rallies, leading to steep losses across gold, silver, and platinum markets....
Business

OPEC Fund commits $2bn to boost Africa’s development

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by iraqupdate.com032
VIENNA, December 25, 2025: The OPEC Fund for International Development announced a new co-financing commitment of up to US$2 billion with the African Development Fund (ADF) for the...
Business

Gold prices surge to record high near 4500 per ounce

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by iraqupdate.com032
LONDON, December 24, 2025: Gold prices surged to an all-time high on Monday, approaching the $4,500 per ounce mark, as investors sought stability amid volatile global...
Business

Bank of Japan lifts rates to highest level in 30 years

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by iraqupdate.com061
TOKYO, December 20, 2025: The Bank of Japan on Friday raised its benchmark interest rate to the highest level in three decades, marking another milestone in...
Business

ADNOC closes $11 billion deal for offshore gas project

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by iraqupdate.com061
ABU DHABI, December 19, 2025: Abu Dhabi National Oil Company (ADNOC) announced on Thursday the completion of a landmark structured financing agreement valued at up to...
Business

UAE and Korea strengthen cooperation in energy and advanced industry

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by iraqupdate.com053
SEOUL, December 19, 2025: The United Arab Emirates and the Republic of Korea have reaffirmed their commitment to strengthening cooperation in energy, industry, and advanced technology...
Business

UAE strengthens position among fastest-growing economies

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by iraqupdate.com059
ABU DHABI, December 18, 2025: The United Arab Emirates strengthened its position in 2025 as one of the world’s fastest-growing economies, driven by broad-based expansion in...