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Gulf Times reports a fire on the top floor of the Emirates Financial Tower in Dubai; cause unknown.

2026-06-18

Gulf Times reports a fire on the top floor of the Emirates Financial Tower in Dubai; cause unknown.

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2026-06-17

The National Association of Realtors (NAR) said its pending home sales index rose 3.8% in May to 76.8, the highest since last November; pending contracts typically lead closed sales by 1–2 months. Pending sales were up 4.8% YoY. Higher mortgage rates

The National Association of Realtors (NAR) said its pending home sales index rose 3.8% in May to 76.8, the highest since last November; pending contracts typically lead closed sales by 1–2 months. Pending sales were up 4.8% YoY. Higher mortgage rates and tight inventory remain constraints. Oil-driven inflation and a jump in U.S. Treasury yields after the Iran conflict have pushed mortgage rates higher: Freddie Mac reports the 30-year fixed mortgage rate is up more than 50 bps since the end of February, when the conflict began.
2026-06-17

German Chancellor Merz said the G7 joint statement sends a clear signal to Russia and expresses strong support for Ukraine.

German Chancellor Merz said the G7 joint statement sends a clear signal to Russia and expresses strong support for Ukraine.
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