Latest news and articles about Trade from NEX English
Iran's selective closure of the Hormuz Strait has significant implications for global trade, affecting the flow of approximately <strong>20 million barrels</strong> of oil daily. This disruption poses a threat to market stability worldwide.
Former US President Donald Trump has ignited widespread debate following his recent comments on the United States' foreign policy, emphasizing the need for a shift in the current approach. These remarks come at a sensitive time marked by escalating international tensions.
Iran faces significant economic losses due to the destruction of bridges and railways from recent bombings. Estimates indicate negative impacts on the national economy amidst current conditions.
Lebanon's Minister of Economy and Trade, Amer Al-Basat, announced the urgent referral of a legal file to the Public Prosecution, including names of importers and distributors accused of price manipulation. This action is part of the government's efforts to combat corruption and exploitation during the country's economic hardships.
Russia's oil revenues have reached approximately 10 billion euros monthly due to the export of oil, gas, and fertilizers, following the closure of the Strait of Hormuz. The closure has led to a significant increase in oil prices, affecting global trade and economies.
The Iranian embassy in Malaysia announced that Iran has permitted the passage of the first Malaysian ship through the Hormuz Strait since the onset of the war. This decision underscores Iran's commitment to its allies during challenging times.
Forecasts indicate a rise in the <strong>FTSE 100</strong> index in London, driven by investor optimism regarding the situation in Iran. This comes at a sensitive time as the world witnesses increasing tensions in the region.
Khorfakkan Port in Sharjah was targeted in an attack that resulted in no reported injuries. This incident raises concerns about maritime security in the Gulf region during a sensitive time.
The ongoing conflict between Iran and the United States, supported by Israel, is significantly hindering economic activity in the Middle East, particularly in the Gulf region. This situation is exacerbated by heightened security tensions affecting trade and maritime transport.
Sheikh Mohammed bin Rashid Al Maktoum has issued a decree appointing Abdullah bin Dumithan as the head of the Ports and Customs Authority in the UAE. This decision aims to enhance administrative efficiency and develop logistics services in the country.
The Egyptian President has issued a decree renewing the appointments of the deputies of the Suez Canal Economic Authority and appointing a new deputy for the northern region. This decision aims to enhance the economic management of the canal.
Jordan and Uzbekistan have finalized a preferential trade agreement aimed at enhancing economic cooperation between the two countries. This agreement seeks to boost trade exchange and facilitate the movement of goods.
Gulf States and Turkey are striving to find faster and safer trade alternatives due to disruptions in regional trade routes and increased shipping risks. This initiative comes at a time when the region faces multiple challenges affecting the flow of goods and financial losses.
Global companies are facing increasing pressures due to escalating tensions in Iran, resulting in rising investment costs. These conditions are prompting many firms to rethink their investments and future plans.
The Indonesian Industrial Confidence Index (IKI) recorded a level of <strong>51.86</strong> in March 2026, indicating continued expansion despite a drop from <strong>54.02</strong> in the previous month. This decline is attributed to seasonal factors and external influences.
The International Monetary Fund (IMF) has warned that the ongoing war in the Middle East, particularly the conflict in Iran, is placing significant pressure on the global economy. This war directly affects energy markets, trade, and supply chains, increasing uncertainty in financial markets.
During the 14th Ministerial Conference of the World Trade Organization held in Yaoundé, Cameroon, Saudi Arabia reaffirmed its commitment to supporting reforms aimed at enhancing the organization's efficiency and facilitating global trade engagement.
Afghanistan is facing a severe crisis due to over 6,000 containers stuck at Jebel Ali port, exacerbated by disruptions in the Strait of Hormuz. This situation threatens to worsen the economic conditions in a landlocked country.
In a bid to enhance economic relations, Afghan Minister of Industry and Commerce, Nooruddin Azizi, met with the Turkish chargé d'affaires in Kabul, Saden Ildiz, on Saturday. This meeting comes as Afghanistan seeks to expand its economic partnerships with regional countries.
The Prime Minister held a press conference following his inspection of Al-Obour Market, discussing the latest economic and commercial developments in the country. The conference saw significant engagement from both the media and citizens.
On Saturday, Thailand announced an agreement with Iran allowing its oil tankers to transit through the Strait of Hormuz. This decision comes amid heightened tensions in the region, where the strait has been effectively closed since the onset of the Middle Eastern conflict.
In a significant move towards becoming a regional power, King Charles III welcomed Nigerian President Bola Tinubu on an official visit, the first in 37 years. This visit comes amid increasing calls from African and Caribbean nations for reparative justice, while Nigeria and the UK focus on strengthening trade relations.
Algeria and Niger have agreed on a comprehensive plan to develop trade corridors between the two countries, aiming to simplify administrative and customs procedures and enhance trade cooperation. This step reflects both parties' commitment to strengthening economic relations.