A brand new airport has opened in the Maldives, with support from the UAE.
The Abu Dhabi Fund for Development (ADFD) contributed more than AED 190 million for the construction of the Maafaru International Airport.
The facility will serve the northern and eastern regions of the archipelago.
In recent years, the ADFD has financed nine development projects in the Maldives, valued at around AED 565 million.
Australia moves to double fines for fuel gouging amid shortages
Australia's centre-left government has introduced legislation in the parliament to double penalties for fuel price gouging on Wednesday as global supply disruptions due to the Iran war triggered fuel shortages in some rural regions.
Gulf stocks mixed amid confusion over US-Iran talks
Gulf markets ended mixed on Tuesday, with Qatar extending losses while other bourses steadied as investors parsed conflicting signals on potential US-Iran talks.
Australia, EU seal long-awaited trade deal
Australia and the European Union on Tuesday signed a trade deal marking the culmination of years of negotiations, as Europe seeks to diversify its export markets and expand ties beyond its traditional partners.
Weaponising Strait of Hormuz is an act of economic terrorism: Sultan Al Jaber
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IEA consulting with governments on further oil stock releases, chief Birol says
The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, Executive Director Fatih Birol said on Monday.
