INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings
  • US Treasury Secretary Scott Bessent said the European Union had officially joined Washington’s economic pressure campaign against Iran, which he...

    Tehran vows a layered response to US strikes, while its petroleum minister says exports continue despite Washington’s blockade.

    Seoul weighs military support for Hormuz navigation as European pressure grows and crude prices post sharp weekly gains.

  • US Central Command said Washington was continuing its blockade against Iran and had redirected 86 commercial vessels as of Thursday.

    Iran says 18 people were killed and 142 wounded in US attacks between August 30 and September 2, including women and children.

    Six commodity vessels crossed the Strait of Hormuz on Wednesday, less than half the current 10-day average of about 13 daily.

  • Iranian military spokesman Colonel Ebrahim Zolfaghari said the attacks would continue until the United States “regrets its crimes”, warning that...

    IRGC says missiles targeted bases across Jordan and Iraq, while Bahrain intercepted drones as Jordan reported 13 missiles.

    Brent crude climbed one percent as Hormuz traffic stayed below average, intensifying concerns over energy supplies and inflation.

  • Renewed US-Iran hostilities are disrupting energy flows, restricting Strait of Hormuz shipping and intensifying economic pressure as Tehran warns against...

    Asian refined-fuel imports fell sharply in August as Gulf supplies remained constrained by vessel shortages and disruptions around Hormuz.

    Iran urged the UN Security Council to act after a US strike on Larak Island killed and wounded people.

  • Tehran says its attacks avenged deaths of IRGC personnel and civilians in the US strike on Larak Island. Jordan intercepted...

    Iran’s army also said it launched dozens of drones at the Al Minhad airbase in the UAE, targeting locations where US forces and helicopters were stationed.

    Jordan hosts about 4,000 US personnel at the Azraq and King Hussein airbases, alongside drones, fighter jets and Patriot air defences.

  • US President Donald Trump said on Wednesday that he was in “no hurry” to resume talks with Iran, arguing that...

    Oman and Pakistan have also stepped up mediation efforts as concerns grow that renewed fighting could spread across the region and damage global markets.

    Qatar’s Foreign Ministry said Sheikh Mohammed would discuss the need for the waterway to return to the status quo that existed before February 28.

  • US president Donald Trump, meanwhile, says that all mines have been cleared from the waterway's international waters and that Tehran...

    Shipping data shows traffic through the Strait of Hormuz held steady at five commodity vessels on Tuesday, well below average.

    On Monday, US Treasury Secretary Scott Bessent announced a sweeping economic pressure campaign against Iran.

  • US president Donald Trump, meanwhile, says that all mines have been cleared from the waterway's international waters and that Tehran...

    Shipping data shows traffic through the Strait of Hormuz held steady at five commodity vessels on Tuesday, well below average.

    On Monday, US Treasury Secretary Scott Bessent announced a sweeping economic pressure campaign against Iran.

  • Araghchi’s comments came as Washington signalled that its next round of measures would go beyond targeting Iran itself, potentially placing...

    Iran’s security chief Mohsen Rezaei warns Tehran could halt Gulf oil exports, calling countries supporting US sanctions hostile to Iran.

    Oman’s foreign minister will visit Tehran as both sides seek dialogue over regional stability and the strategically vital Strait of Hormuz.

  • Tehran says Washington’s campaign could deepen nuclear insecurity, while Trump renews his claim over the Strait of Hormuz.

    Macron and Saudi Crown Prince Mohammed bin Salman are set to discuss regional stability, energy and strategic cooperation in Paris.

    Six European governments are pushing an EU-wide windfall tax on oil companies, citing soaring refining margins and living costs.