Business from Friday, March 20th, 2026
-
US allows 30-day sale of Iran oil at sea in bid to tame prices
The Trump administration has waived sanctions on the purchase of Iranian oil at sea for 30 days on Friday in its latest attempt to ease oil prices that have been driven up by the US-Israeli war on Iran.
-
Musk found liable to Twitter shareholders in fraud lawsuit
A federal jury found Elon Musk liable on claims he defrauded Twitter shareholders by trying to drive down the social media company's stock price so he could renegotiate or back out of a $44 billion takeover in 2022, Bloomberg News reported on Friday.
-
Amazon plans smartphone comeback more than a decade after Fire Phone flop
In 2014, Amazon introduced its first smartphone, hoping to take on Apple and Samsung. Instead, the Fire Phone - overseen directly by founder Jeff Bezos - was scrapped in barely over a year, one of Amazon’s highest-profile flops.
News
-
UAE air defences intercept 7 missiles, 16 drones on MondayThe UAE air defences have intercepted 7 ballistic missiles and 16 drones launched from Iran on Monday, an update from the Ministry of Defence confirmed.
-
UAE issues safety guidelines, travel advisories due to unstable weatherAuthorities in the UAE have issued safety guidelines as unstable weather continues to impact several parts of the country.
-
Sharjah temporarily closes public parks due to unstable weatherSharjah City Municipality has announced the temporary closure of all public parks and medical fitness centres to ensure the safety of visitors and staff due to the unstable weather conditions.
