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Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Lebanon central bank not bankrupt, says governor

Lebanon’s Deputy Prime Minister Saadeh al-Shami claimed on Monday that the country and its central bank had gone bankrupt. The...

Growth picks up as MENA drives into EV market

Rising prices of metals, elements, and compounds used in EVs could be a headache, but the MENA region and the...

Emirates narrows H1 losses to $1.6bn

The group’s net loss for the period was AED5.7 billion ($1.6 billion), substantially better than the AED14.1 billion ($3.8 billion)...
  • Emirates pegged this recovery of sorts on the easing of travel restrictions worldwide as the Covid-19 pandemic abated
  • It also pointed to the corresponding rise in demand for air transport as countries advanced their vaccination programs

Lebanon central bank not bankrupt, says governor

Lebanon’s Deputy Prime Minister Saadeh al-Shami claimed on Monday that the country and its central bank had gone bankrupt. The...

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UNWTO optimism to cheer up MENA tourism

While the likes of Egypt, Morocco, Tunisia, and Jordan depend heavily on tourism for revenue, the UAE and Saudi Arabia...

Cross-sector deals boost Saudi-French ties

The Gulf country has welcomed the increased cooperation of French companies, including in energy, water, and waste management, sustainable cities,...

Global ripples await MidEast markets on Sunday

Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday.

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Energy prices may come down early next year

Consumption of natural gas rebounded fast — driven by industrial production — boosting demand at a time when supplies were...
  • International energy prices will revert to more normal levels early next year when heating demand ebbs and supplies adjust, the IMF has said
  • However, it has also warned that “if prices stay high as they have been, this could begin to be a drag on global growth”

Emirates narrows H1 losses to $1.6bn

The group’s net loss for the period was AED5.7 billion ($1.6 billion), substantially better than the AED14.1 billion ($3.8 billion)...
  • Emirates pegged this recovery of sorts on the easing of travel restrictions worldwide as the Covid-19 pandemic abated
  • It also pointed to the corresponding rise in demand for air transport as countries advanced their vaccination programs