Fareed Rahman
Senior Business Journalist at The National
Journalist, father of three lovely kids. @UC Berkeley
Articles
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1 week ago |
thenationalnews.com | Fareed Rahman
Gulf countries and Iraq are monitoring radiation levels in the region as Israel strikes nuclear sites in Iran. Concerns about radiation are focused on the potential for an Israeli attack on the Bushehr nuclear power plant, experts said. Since the beginning of the conflict on June 13, Israel has attacked nuclear sites inside Iran, including Natanz, Arak and Isfahan. Israel has said its attacks on Iran are aimed at preventing it from acquiring a nuclear weapon.
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1 week ago |
thenationalnews.com | Fareed Rahman
Global stocks were mixed on Friday amid the Iran-Israel air strikes and as the US weighed options to become more involved in the conflict that has been raging for more than a week, damaging investor sentiment. Both the S&P 500 and the Nasdaq composite finished lower, while the Dow Jones Industrial Average closed slightly higher. S&P 500 fell by 0.2 per cent and Nasdaq Composite by 0.5 per cent when markets closed on Friday. Dow Jones Industrial Average was up by 0.08 per cent.
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1 week ago |
thenationalnews.com | Fareed Rahman
Ships are continuing to travel through the Strait of Hormuz, but leading companies say they are closely monitoring the Israel-Iran conflict, and safety is a priority. "So far, our operations across the region continue without interruption," a spokesperson for German shipping company Hapag-Lloyd told The National in a statement.
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1 week ago |
thenationalnews.com | Fareed Rahman
Oil prices fell on Friday but are on track to post a third consecutive weekly gain as air strikes between Israel and Opec member Iran stoked supply concerns in global markets. Brent, the benchmark for two thirds of the world's oil, was down 2.66 per cent at $76.75 a barrel at 10.33am UAE time. West Texas Intermediate, the gauge that tracks US crude, was trading 0.19 per cent lower at $75 a barrel.
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1 week ago |
thenationalnews.com | Fareed Rahman
All units at Dubai's Trump International Hotel and Tower are expected to be sold by the end of summer amid high demand from buyers, the developer has said. The $1 billion development was launched in April by Dar Global, the international property arm of Saudi Arabia's Dar Al Arkan, in partnership with the Trump Organisation, the sprawling conglomerate of the family of US President Donald Trump.
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Turkish companies expect more deals to support Syrian reconstruction https://t.co/Pmkv1UGZgk
Boy, four, dies of starvation in Gaza as humanitarian crisis deepens | The National https://t.co/9mesRIcr9W
Eric Trump says Dubai's real estate market will continue to boom https://t.co/oo5cmuinfJ