Friday , June 19 2026

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United Arab Emirates to quit oil cartel OPEC

01-05-2026 DUBAI: The United Arab Emirates (UAE) is quitting the OPEC and OPEC+ groups of major oil producing nations next month after nearly 60 years of membership. The UAE said its decision would help it meet growing global energy demand in the long term after recent investments to boost its …

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Canada’s Carney announces a sovereign wealth fund

30-04-2026 OTTAWA: Canadian Prime Minister Mark Carney says his government is developing a government-owned investment fund. Carney said on Monday that the fund, a first for the country, will invest in major Canadian industrial projects in areas such as energy, infrastructure, mining, agriculture and technology. It will begin at 25 …

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Iran oil tankers turned back by US blockade

30-04-2026 LONDON: Six tankers loaded with Iranian oil have ‌been forced back to Iran by the US blockade in recent days, ship-tracking data shows, underscoring the impact the Iran war is having on traffic through the Strait of Hormuz, a major global oil export route. Between 125 and 140 ships …

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India names BJP member as envoy to Bangladesh

30-04-2026 Bureau Report NEW DELHI: Former Union minister Dinesh Trivedi has been appointed as India’s next high commissioner to Bangladesh, replacing career diplomat Pranay Verma. The rare political appointment comes as New Delhi and Dhaka seek to repair strained ties following political upheaval in Bangladesh. Trivedi’s political roots in West …

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