Business

Unstable weather in the UAE prompts questions about mandatory remote work for private sector employees. While not automatically mandated, authorities strongly encourage companies to prioritise worker safety, offering flexibility like remote or hybrid options. Employers must ensure safe conditions, with a focus on protecting outdoor workers, reflecting a balance between business continuity and employee wellbeing.

Indian refiners have significantly increased purchases of Russian crude, securing around 60 million barrels for the upcoming month amidst Middle East conflict-driven supply disruptions. This surge is supported by a US waiver allowing imports of Russian oil loaded before March 12, with refiners also diversifying with Venezuelan and previously Iranian crude.

A large portion of the refinery’s output is sold within the domestic market, with exports having declined after the sanctions last year. A considerable share of production is supplied to state-run refiners.

The Middle East crisis is severely impacting Pakistan’s already fragile economy, triggering soaring oil and LNG prices. This energy shock is fueling inflation, raising travel costs, and straining household budgets. Experts warn of deepening vulnerabilities, with potential collapse if the conflict escalates and reserves dwindle, disproportionately affecting the poor.

The company is also exploring partnerships with global energy majors such as BP, ExxonMobil, TotalEnergies and Petrobras as part of its strategy to reduce risks that are associated with exploration in capital-intensive frontier areas.

Government has debunked false reports circulating on social media about revised LPG refill booking timelines. Existing booking periods of 25 days in urban and 45 days in rural areas remain unchanged. Authorities assure sufficient fuel stocks amidst Middle East tensions and urge the public to avoid panic buying and misinformation.

Gold price prediction today: Gold prices are likely to see movement based on inflation projections and rate cut expectations, says Maneesh Sharma, AVP – Commodities & Currencies at Anand Rathi Shares and Stock Brokers.

The Indian rupee continued its downward trend, falling to 93.96 against the US dollar amid persistent foreign fund outflows and global crude oil price hikes. Forex traders attribute the sustained weakness to uncertainty surrounding the West Asia crisis. Despite the rupee’s decline, Indian stock markets showed strength, with benchmark indices trading higher.