Business Recorder

US lawmakers grill Rubio, as Iran war enters fourth month

WASHINGTON: Members of the U.S. Senate and House of Representatives get a rare chance this week to question Secretary of State Marco Rubio in public about President Donald Trump’s foreign policy, as his fellow Republicans have been showing signs o…

#Iran

Business Recorder

Iran plans three-day funeral for late supreme leader

TEHRAN: Iran said on Tuesday it will hold a three-day state funeral for late supreme leader Ali Khamenei, killed by US-Israeli strikes on the first day of the Middle East war, at a date to be announced. Ali Khamenei, who led the Islamic republic f…

#Iran

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Iran war strengthening UAE-Israel ties: Israeli official to AFP

DUBAI: Israel and the United Arab Emirates are growing closer because of the Middle East war, a senior Israeli official told AFP , citing increased military cooperation and opportunities to increase trade and business ties. Two Israeli delegations…

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Iran-US war: Kuwaiti FM hails Pakistan’s ‘constructive contribution’ to regional peace

Kuwait’s Foreign Minister Sheikh Jarrah Jaber Al-Ahmad Al-Sabah appreciated on Tuesday Pakistan’s continued mediatory role and its efforts to facilitate engagement between the United States and Iran, commending its “constructive contribution to re…

#IranNegotiation #Mediation

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Beyond the IMF baseline: Pakistan’s hard fiscal choices in FY27 budget

On April 27, the State Bank of Pakistan (SBP) raised the policy rate by 100 basis points to 11.5%, its first hike since June 2023. On May 14, the International Monetary Fund (IMF) published Country Report 26/101, projecting fiscal year 2026-27 (FY…

#IMF #Pakistan #Budget

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Russia’s western oil exports hit 8-month high as drone strikes curb refining

Russia boosted oil exports via its western ports by 15% in May from April, according to two industry sources familiar with the data, as refinery outages caused by Ukrainian drone attacks push Moscow to export more crude. Ukraine has stepped up its…

#Russia #CrudeOil #DroneStrikes

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India tightens silver import rules, mandates prior approval

MUMBAI: India has tightened restrictions on silver imports by adding grain and powder forms to the list of restricted categories and mandating prior valid import authorisation, as the world’s biggest consumer of the metal tries to rein in shipment…

#India #SilverMarket

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Israel arms exports hit another all-time high: ministry

OCCUPIED JERUSALEM: Israeli arms exports have reached an all-time high for the fifth consecutive year, hitting more than $19 billion in 2025 driven by missile, rocket and air defence systems, the defence ministry announced Tuesday. Israel is among…

#Israel #ArmsExports

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Iran studying deal to halt war as stalemate persists

DUBAI: Iran is reviewing a proposed agreement with the United States to halt the war between the two countries, Iran’s Mehr news reported on Tuesday, after U.S. President Donald Trump said talks to reach a deal were continuing. More than three mon…

#IranNegotiation #LebanonCeasefire

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Iran war disruption threatening delivery of lifesaving supplies for children, UN says

GENEVA: Surging global transport costs and supply chain disruptions linked to the Middle East crisis are threatening the delivery of lifesaving aid to children, the U.N. children’s agency warned on Tuesday. Nearly 100 days after the outbreak of th…

#Iran #UnitedNations