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ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.
  • TotalEnergies’ workers pledge to continue their strike

    The hard-left CGT union, which launched the industrial action three weeks ago, said that workers at three TotalEnergies sites had...

    Four of France's seven refineries and one fuel depot were out of action, after strikers rejected a pay offer from the hydrocarbon industry leader.

    The blockages have caused queues outside petrol stations, and worry across all sectors of the economy, from mobile healthcare workers to farmers.

  • WFP calls for action to avoid another year of record hunger

    UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said that the crises facing the world today...

    The UAE has launched the Agriculture Innovation Mission for Climate (AIM for Climate) in partnership with the US.

    The objective is to raise investments worth US$8 billion in sustainable and climate-smart agrifood systems based on modern technologies.

  • Saudi TASI plummets, UAE indices show mixed trends over the week

    The UAE stock market followed the trend of other markets worldwide and ended the week on a high note but...

    A 5.2 percent gain in Multiplay Group's share price, a 3.3 percent increase in Aldar Properties' share price pushed the Abu Dhabi index up 0.9 percent on Friday (October 14).

    The Dubai index rose 0.8 percent on Friday (October 14, 2022), led by the gains in the real estate and banking sectors.

  • UAE, Lulu Money sign pact on digital KYC service

    LuLu Exchange – one of UAE’s leading financial service providers, announced that it has signed an agreement with the country's...

    The company has taken this step to streamline customers' experience, perform instant and highly secure face matching verification.

    This will eliminate the need for customers to physically visit a branch for initial KYC verification.

  • Nasdaq Dubai lists physically backed Bitcoin ETP

    21Shares’ ETPs are already listed across 12 exchanges, including SIX Swiss Exchange, Deutsche Börse, EuroNext, BXSwiss, Wiener Börse, Quotrix etc.

    21Shares’ ETPs are already listed across 12 exchanges, including SIX Swiss Exchange, Deutsche Börse, EuroNext, BXSwiss, Wiener Börse, Quotrix etc

    Following India's decision to tax crypto earnings at 30%, the MENA region has become a hub for crypto companies and major exchanges like FTX and Kraken

  • Saudi Arabia grants 52 mining licenses in August

    Riyadh, Saudi Arabia—Saudi Arabia’s Ministry of Industry and Mineral Resources has issued 52 new mining licenses in August 2022, according...

    Out of the total, 18 were to build material quarries, 21 were exploration licenses, three exploitation licenses, and five survey licenses

    In line with Saudi Vision 2030 and the National Industrial Development and Logistics Program, the ministry seeks to protect the mining sector and maximize its value

  • Al Awali to raise US$133m

    The Saudi developer will offer 20% of its shares on Nomu.

    the Saudi real estate developer will float its stake by the first quarter of 2023 as a step toward obtaining the funds that will be needed for the expansion plans

    The company has a capitalization of $53.33 million, and its shares are expected to be offered at between SR25 and SR32

  • OPEC’s World Oil Outlook to be launched at ADIPEC on Oct 31

    This year’s publication will again be accompanied by a smart app to give increased access to the WOO’s vital analysis...

    This year’s publication will again be accompanied by a smart app to give increased access to the WOO’s vital analysis and energy data

    First published in 2007, the WOO provides an in-depth review and analysis of the global oil and energy industries

  • Trust in digital services increases across MENA region despite rising online security threats

    MENA residents' satisfaction and expectations about how services can and should be delivered have been radically altered due to the...

    MENA residents' satisfaction and expectations about how services can and should be delivered have been radically altered due to the COVID-19 pandemic

    Increased interest and spending on technological infrastructure, especially artificial intelligence is in line with the global trend toward digitization

  • flydubai, Smartwings sign agreement

    flydubai will wet lease four Next-Generation Boeing 737-800 aircraft.

    flydubai currently operates a single-fleet type of Boeing 737 aircraft that includes 32 Next-Generation Boeing 737-800, 33 Boeing 737 MAX 8 and three Boeing 737 MAX 9.

    The all-Economy Class aircraft will operate on select routes on the flydubai network including Chattogram, Colombo, Dhaka, Karachi, Multan, Muscat and Sialkot.