Author: Arabian Media staff

Stay informed with free updatesSimply sign up to the Oil myFT Digest — delivered directly to your inbox.The International Energy Agency has said it expects global oil demand to grow at the slowest pace since 2009, outside of the coronavirus pandemic, amid early signs that US tariffs are weighing on economic activity.The energy advisory body said it expected consumption to increase by only 700,000 barrels a day this year. That would be the smallest rise in annual demand since the aftermath of the global financial crisis, with the exception of 2020 when demand contracted by 8.7mn b/d as governments shut key…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Lower oil and gas prices are set to weigh on BP’s earnings in the second quarter, deepening the challenges for the FTSE 100 company as it tries to boost performance and preserve its independence. In a trading update on Friday, the energy major said it expected earnings in its oil business to be $600mn-$800mn lower in the three months to the end of June than the previous quarter. It expects to report earnings between $100mn to $300mn lower in its gas business. Crude…

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Image: Supplied At MADAJ Piercings, based in Dubai’s Gold & Diamond Park, we’ve built a brand that combines luxury, personalisation, and efficiency, all while maintaining the highest standards of craftsmanship. Every piece we create is handmade, made-to-order, and infused with the kind of personal touch that mass-produced accessories can’t replicate. Our philosophy? Luxury shouldn’t mean waiting months for a bespoke piece, and personalisation shouldn’t come with a dizzying price tag. Here’s a closer look at how we deliver luxury, flexibility, and efficiency on a global scale. Custom Designs and Personalised Creations No two people are alike, so why should their jewelry be any…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Blackstone is poised to win a battle for Warehouse Reit, after the listed UK landlord said it would switch its shareholder recommendation to an offer from the US investment group over a rival bid from Tritax Big Box Reit.Warehouse Reit said on Friday it was changing its endorsement after Blackstone confirmed it would allow shareholders to receive a dividend from Warehouse, which will be paid this month. The latest Blackstone offer amounts to 115p cash a share and values Warehouse at about…

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In a major step toward digital transformation, Sharjah Municipality (SM), in collaboration with the Sharjah Electricity, Water and Gas Authority (SEWA), has launched a new service that automatically attests lease contracts—eliminating the need for tenants to visit government offices or pay electricity deposits in advance. Read-Community living in Sharjah: Inside Alef’s next-gen developments The initiative is part of SM’s broader digital integration with government entities, aiming to streamline processes and enhance customer experience, a WAM report said. Faster processing through unified digital system Abdullah Al Shehhi, Director of the Rental Regulation Department, described the system as a “significant improvement” that…

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India is set to reach a record year in initial public offerings and Big Pharma is facing a wave of patent expiration dates. Plus, Meta goes to trial over who to hold accountable for corporate scandals. Mentioned in this podcast:India on track for record IPO yearThe looming ‘patent cliff’ facing Big Pharma Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumcova, Henry Larson and Marc Filippino. Additional help from Kelly Garry, and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music. Read a transcript…

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Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldTrafigura, Mercuria, Glencore and IXM could reap bumper profits of more than $300mn after shipping record amounts of copper into the US ahead of tariffs on the metal.The commodity traders are at the forefront of a trend in which huge quantities of copper are being brought to the US, where a widening price gap with the international benchmark has created a lucrative arbitrage opportunity.US copper prices surged 13 per cent within minutes of President Donald Trump’s announcement on Tuesday that…

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