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Iran Targets UAE Oil Infrastructure Amid Middle East Conflict

Iran struck the United Arab Emirates' key oil port of Fujairah and Dubai International Airport with drone attacks on March 16, 2026, continuing strikes on Gulf transport and oil infrastructure. The ongoing Middle East conflict has disrupted the Strait of Hormuz, a critical shipping route, putting Kenya at risk of fertilizer shortage. Meanwhile, Sri Lanka has declared Wednesdays a holiday for public institutions and schools to conserve fuel amid potential shortages caused by the Middle East conflict.

Iran hits key UAE oil port and Dubai airport

Iran hits key UAE oil port and Dubai airport

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Capital Business•19h ago
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Kenya risks fertilizer shortage as Hormuz disruption bites

Kenya risks fertilizer shortage as Hormuz disruption bites

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Capital Business•3h ago
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Sri Lanka declares Wednesdays off as Asian countries try to conserve fuel

Sri Lanka declares Wednesdays off as Asian countries try to conserve fuel

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Does ‘free’ shipping really exist? The marketing tricks you need to know
business3h ago

Does ‘free’ shipping really exist? The marketing tricks you need to know

Online retailers increasingly use "free" shipping as a marketing tactic to boost sales, but the cost is often hidden or redistributed, leading consumers to pay more than they realize.

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Nation Business
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Trump seeks to delay meeting with Xi in China
business5h ago

Trump seeks to delay meeting with Xi in China

United States President Donald Trump is seeking to delay a significant meeting with Chinese President Xi Jinping, originally scheduled for late March.

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Bill proposes AI regulator, Sh5mn fine for offenders
business4h ago

Bill proposes AI regulator, Sh5mn fine for offenders

Nominated Senator Karen Nyamu has introduced a bill proposing the establishment of an Office of the Artificial Intelligence Commissioner to regulate AI use in Kenya.

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Sri Lanka declares Wednesdays off as Asian countries try to conserve fuel
business4h ago

Sri Lanka declares Wednesdays off as Asian countries try to conserve fuel

Sri Lanka has declared Wednesdays a holiday for public institutions and schools to conserve fuel amidst potential shortages caused by the conflict in the Middle East.

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Kenya risks fertilizer shortage as Hormuz disruption bites
business3h ago

Kenya risks fertilizer shortage as Hormuz disruption bites

Kenya is at risk of a fertilizer shortage due to disruptions in the Strait of Hormuz, a critical shipping route, amid the ongoing Middle East conflict.

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Capital Business
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Chinese retailer rivalling Amazon launches in UK
business3h ago

Chinese retailer rivalling Amazon launches in UK

Chinese online retailer JD.com has launched its new platform, Joybuy, in the UK, aiming to compete with giants like Amazon.

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Capital Business
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Nairobi Hospital board officials charged in Sh4.8mn payments
business20h ago

Nairobi Hospital board officials charged in Sh4.8mn payments

Several senior officials linked to The Nairobi Hospital have been charged in court with multiple offenses, including conflict of interest and failure to submit financial statements.

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NTSA instant fines seen curbing fraudulent motor insurance claims
business20h ago

NTSA instant fines seen curbing fraudulent motor insurance claims

The National Transport and Safety Authority (NTSA) in Kenya has introduced instant fines for traffic violations, a move expected to curb fraudulent motor insurance claims and improve road safety.

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KFS signs 15-year deal to establish mountain bongo refuge in Nyeri
business19h ago

KFS signs 15-year deal to establish mountain bongo refuge in Nyeri

The Kenya Forest Service (KFS) has partnered with the Ragati Chehe Mountain Bongo Conservation Trust to establish a critical 15-year refuge for the critically endangered Mountain Bongo in Nyeri County.

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Iran hits key UAE oil port and Dubai airport
business19h ago

Iran hits key UAE oil port and Dubai airport

The United Arab Emirates’ (UAE) key oil port, Fujairah, and Dubai International Airport were targeted by further drone attacks on Monday, March 16, as Iran continues to strike Gulf transport and oil infrastructure.

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Court clears Equity to auction ex-Chase Bank HQ over Sh1.3bn debt
business5h ago

Court clears Equity to auction ex-Chase Bank HQ over Sh1.3bn debt

The Court of Appeal of Kenya has allowed Equity Bank Kenya Limited to auction the former headquarters of Chase Bank Kenya Limited, a move expected to facilitate the recovery of a debt exceeding Sh1.3 billion.

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Court battle lifts the veil on matatu route fights
business20h ago

Court battle lifts the veil on matatu route fights

A legal battle has erupted within Kinatwa Sacco as members seek to halt a planned annual general meeting (AGM), alleging that it's a move to suppress dissent and maintain control over lucrative matatu routes.

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Nation Business
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Lobby proposes replacing Treasury with National Economic Council
business21h ago

Lobby proposes replacing Treasury with National Economic Council

A Kenyan reform lobby group, Kuna Dawa, is proposing a constitutional amendment to replace the National Treasury with a new National Economic Council (NEC) to streamline national development and public finances.

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India’s wholesale inflation rises to 2.13pc in Feb
business21h ago

India’s wholesale inflation rises to 2.13pc in Feb

India's wholesale price index (WPI) experienced a rise in February, climbing to 2.13 percent. This marks an increase from the previous months' inflation rates.

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Risk, resilience and representation: Why the future of East Africa’s insurance sector must be female
business20h ago

Risk, resilience and representation: Why the future of East Africa’s insurance sector must be female

The East African insurance sector, crucial for economic resilience, needs to embrace female leadership to effectively address evolving risks and expand financial inclusion.

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Medics condemn arrest of Nairobi Hospital Board Chair
business1d ago

Medics condemn arrest of Nairobi Hospital Board Chair

The Kenya Medical Association (KMA) has condemned the arrest and detention of Dr. Obwaka, the Chairperson of the Nairobi Hospital Board.

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Qona Sacco challenges inquiry report on governance, financial concerns
business1d ago

Qona Sacco challenges inquiry report on governance, financial concerns

Qona Sacco Society Limited has formally challenged findings from a special inquiry concerning its governance and financial management at the Co-operative Tribunal of Kenya.

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Kenya’s REITs market capitalization hits Sh24.6bn
business23h ago

Kenya’s REITs market capitalization hits Sh24.6bn

Kenya's Real Estate Investment Trusts (REITs) market capitalization has surged dramatically, nearly tripling to Sh24.6 billion in the past five years, signaling robust investor interest in accessible real estate investment opportunities.

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KRA names ex-military chief to head intelligence operations
business1d ago

KRA names ex-military chief to head intelligence operations

The Kenya Revenue Authority (KRA) has appointed Mohamed Abdul M’maka, a former military intelligence chief, as the new Commissioner for Investigations and Enforcement. This appointment is aimed at bolstering the KRA's capacity to combat tax evasion and revenue leakages.

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Canal+ plans equipment subsidy to grow DStv, Gotv subscribers
business1d ago

Canal+ plans equipment subsidy to grow DStv, Gotv subscribers

Canal+, following its $2 billion acquisition of MultiChoice Group, is implementing strategies to significantly grow its subscriber base for DStv and Gotv.

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Capital Business
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FCC chair threatens to revoke broadcasters’ licences over Iran coverage
business1d ago

FCC chair threatens to revoke broadcasters’ licences over Iran coverage

FCC chair Brendan Carr has threatened to revoke broadcasters’ licences for their coverage of the US-Israel war with Iran, drawing criticism from Democratic lawmakers who called the move unconstitutional.

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Tanzanian tycoons step up acquisitions of Kenyan companies
business1d ago

Tanzanian tycoons step up acquisitions of Kenyan companies

Kenyan companies are witnessing a surge of interest from Tanzanian billionaires, marked by significant acquisitions in recent months. This trend highlights a growing investment flow from neighboring Tanzania into Kenya's key economic sectors.

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Chinese mainland visitor arrivals to Singapore up 61pc pct year-on-year in February
business1d ago

Chinese mainland visitor arrivals to Singapore up 61pc pct year-on-year in February

Singapore saw a significant surge in visitors from the Chinese mainland in February, marking a substantial increase compared to the previous year.

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Zambia secures $45mn World Bank support for reform program
business1d ago

Zambia secures $45mn World Bank support for reform program

The World Bank has approved $45 million in funding to support Zambia's macroeconomic reform program, signaling international confidence in the nation's economic governance.

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Kimisitu Sacco postpones AGM over pending KUSCCO forensic audit
business1d ago

Kimisitu Sacco postpones AGM over pending KUSCCO forensic audit

Kimisitu DT Sacco has postponed its 41st Annual General Meeting (AGM) after members requested the release of a forensic audit report concerning funds invested through the Kenya Union of Savings and Credit Co-operatives (KUSCCO).

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JKIA to roll out self-service systems in efficiency push
business1d ago

JKIA to roll out self-service systems in efficiency push

The Kenya Airports Authority (KAA) is set to significantly enhance passenger processing efficiency at Jomo Kenyatta International Airport (JKIA) by rolling out new self-service systems.

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Deputy President Spouse Leads Community Push to Clean Up Dandora
business2d ago

Deputy President Spouse Leads Community Push to Clean Up Dandora

The Spouse of the Deputy President, Dr. Joyce Kithure, led a significant community clean-up initiative in Dandora, Nairobi, under the SaVE Communities Initiative. This event highlighted the critical link between environmental health and public well-being in urban areas.

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‘Gruesome’ war bets fuel calls for crackdown on prediction markets
business2d ago

‘Gruesome’ war bets fuel calls for crackdown on prediction markets

Concerns are mounting over the rise of prediction markets, where users can bet on virtually any future event, including sensitive geopolitical and military outcomes.

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KenGen signs fourth investor for Olkaria Green Energy Park
business2d ago

KenGen signs fourth investor for Olkaria Green Energy Park

Kenya Electricity Generating Company (KenGen) has signed its fourth investor, Synergetic Development Group, for its Olkaria Green Energy Park. This new agreement will see the company establish a steel logistics and fabrication facility.

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SHA begins disbursing Sh11.1bn to hospitals for claims
business3d ago

SHA begins disbursing Sh11.1bn to hospitals for claims

The Social Health Authority (SHA) has started disbursing Sh11.1 billion to hospitals across Kenya to settle approved claims under the Social Health Insurance Fund (SHIF). This move aims to alleviate financial strain on healthcare providers and ensure the continuity of medical services.

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