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Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Crude oil falls below $70 as global supplies rise

Higher oil production, global trade woes maul crude bulls.

10 Nov 2018 1:13 AM IST

I told them (troops) consider it (a rock) a rifle. When they throw rocks like they did at the Mexican military and police, I say consider it a rifle. Trump told journalists. (Photo: AFP)

Temporary exemptions to some nations to keep oil prices down: Trump on...

The US on Monday imposed 'the toughest ever' sanctions on a defiant Iran aimed at altering the Iranian regime's...

6 Nov 2018 9:20 AM IST

To improve ease of doing business, a new scheme of self-assessment-based duty-free procurement of inputs required for exports has been introduced.

India's external sector prospects look bright: Economic Survey

India remained the eighth largest exporter in commercial services in the world in 2016 with share of 3.4 per cent.

29 Jan 2018 2:09 PM IST

Despite Opec sticking to its pledge to cut, inventories have continued to rise.

Opec worried about US shale flooding market

Oil prices edged higher after the report was released to trade above $69 a barrel and later steadied.

19 Jan 2018 2:05 AM IST

Crude oil output registered a growth of 0.1 per cent during the month under review as compared to a contraction of 4.1 per cent in September 2016.

Oil makes best start to a year since 2014

US crude oil inventories have fallen by almost 20% from their highs.

3 Jan 2018 1:00 AM IST

The Nifty scaled 108.35 points to end the day at 10,491.05 while the Sensex soared 322.65 points to end the day at 34,142.15.

Macro data, US Fed meet to guide markets

Sensex closed at 34,970, up by 554 points or 1.61 per cent, while Nifty closed at 10,692, up by 128 points or 1.21 per...

30 April 2018 2:47 AM IST

Germanys biggest lender Deutsche Bank on Friday admitted to a massive erroneous transfer of 28 billion euros (USD 34 billion) in a routine operation, more than the entire bank is worth.

India likely to clock 7.5 pc growth in FY19: Deutsche Bank

Higher oil prices can potentially slow the pace of recovery.

29 April 2018 11:33 AM IST

India has the highest retail prices of petrol and diesel among South Asian nations.

Govt concerned about petrol, diesel price pinch, says Pradhan

Pradhan said the states should cut sales tax or VAT on petrol and diesel to ease the burden.

26 April 2018 4:56 PM IST

Ever since the government came to power in 2014, experts pointed out that the lower crude oil prices over the last few years had helped the government to significantly improve Indias macro economic indicators.

Oil prices rise on concerns over supply disruptions

Brent crude oil futures LCOc1 were at 74.44 per barrel at 0105 GMT, up 44 cents, or 0.6 per cent.

26 April 2018 8:27 AM IST

India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.

Prices of energy commodities to rise by 20 pc this year: World Bank

Agricultural commodities, including food commodities and raw materials, are anticipated to see a price rise of over two...

25 April 2018 1:58 PM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Oil prices rise to USD 75 a barrel, highest since 2014

One of the factors limiting the oil rally is rising US production.

24 April 2018 4:54 PM IST

Khaled al-Faleh said on Friday the global market has the capacity to absorb higher oil prices.

Market has capacity to absorb higher oil prices: Saudi minister

Faleh insisted the Organization of Petroleum Exporting Countries (OPEC) does not have a price target for oil.

20 April 2018 6:08 PM IST