Global demand for oil is expected to remain "robust" in 2022 and overcome short-term disruption caused by the Omicron coronavirus variant, the Organization of Petroleum Exporting Countries said on Tuesday. But the Saudi-led group of top oil producers warned future virus strains and pandemic-related travel restrictions could threaten the global...

The company said as a supply chain crunch and inflation are set to ease.

Dubai Electricity and Water Authority (DEWA) has pressed into service 1,310 new 11 kv power distribution stations across Dubai in 2021.

Kuwait will increase its crude production by 27,000 barrels per day (bpd) to 2.6 million bpd from 1 Feb. 2022 in compliance with its new crude output quota after the OPEC and non-OPEC alliance's decision to upwardly adjust output level by 400,000 bpd as of next month. Deputy Prime Minister...

Major oil-producing countries are expected to maintain on Tuesday their course of modestly boosting output as the rapidly spreading Omicron variant has so far not heavily hit demand.The so-called OPEC+ grouping, including top producers Saudi Arabia and Russia, has withstood pressure to more widely open the taps though high energy...

European and UK gas prices rocketed Tuesday to all-time highs on strong winter demand and simmering geopolitical tensions between key supplier Russia and consumer nations. Europe's reference Dutch TTF gas price jumped nearly 20 percent from Monday to hit 175.00 euros per megawatt hour in early afternoon trading. Meanwhile, UK...

The Omicron coronavirus variant will slow the recovery in global demand for oil but the market will be "more comfortable" in 2022, the International Energy Agency said on Tuesday. The oil market "appears to stand on a better footing than it has for some time," the IEA wrote in its...

The non-oil private sector of Saudi Arabia continued to grow in November on the back of strong demand and modest price pressures for businesses, but lower growth of new orders meant it was the least marked expansion since August.

Saudi Arabia's GDP has risen by 6.8 percent in the third quarter of 2021 compared to Q3 2020, according to the kingdom's General Authority for Statistics (GASTAT). The authority attributed the growth to an increase in oil activities by 9 percent as a result of the rising global demand for...

A New York-based firm contracted by the Lebanese government is to resume its audit of the central bank Thursday in line with creditors' demands, the Lebanese presidency and a top official said.

Global finance officials are worried about rising inflation pressures but there it is little fear that it will become a “runaway train,” IMF chief Kristalina Georgieva said on Sunday.

Demand for gas in the region eclipses global demand by more than twofold, the second highest in the world in terms of growth, second only to the Asia-Pacific, the Kuwait-based oil group said amid virtual talks hosted by industry journal Petroleum Economist over liquefied natural gas (LNG) output in the...

Talaat Moustafa Group, the Egyptian real estate company, is looking to expand into Saudi Arabia and Iraq to take advantage of the demand for housing there.

The cartel's world oil outlook goes against the vision of the International Energy Agency, which warned in May that demand must fall over the next decades for the world to meet its climate goals.

Anyone guilty of making a threat to another person on the web will get a prison sentence of up to two years in the UAE, besideS having to pay a hefty penalty too.

Most stock markets in the Gulf rose on Thursday as oil prices gained on growing fuel demand and a bigger-than-expected draw in U.S. crude inventories, although the Abu Dhabi index bucked the trend to trade lower.

Demand for food in the Gulf Cooperation Council (GCC) will reach 52.4 million metric tons (MT) by 2025, up from 46.8 million in 2020.

The results driven by higher oil prices and a recovery in worldwide demand, supported by the global easing of COVID-19 restrictions.

Higher oil prices and a recovery in demand, easing of COVID-19 curbs, vaccination campaigns, stimulus measures, and accelerating activity in key markets also aided in the rise.

Demand for UAE gold jewellery has vaulted 461 percent to 7.3 metric tons in the second quarter as compared to 1.3 metric tons in the same period last year.

Covid has resurfaced in Iraq with a vehemence that people are now frantically looking for jabs as their reluctance to take the vaccine ebbs away.

UAE objects to extending of cuts to the end of 2022 as it seeks to grow production Members consider whether to continue reviving crude supplies gradually Major oil-producing countries on Thursday failed to agree to boost output in August to meet growing demand and limit recent price rises, adjourning their...

Russia is expected to favor increasing output Most investors are currently expecting a modest rise of some 500,000 bpd over the month of August   The OPEC+ group of oil-producing countries will meet on Thursday and are expected to agree to boost production in August to meet demand and dampen...

The residency period is for a renewable period of five or 10 years Low oil demand and pandemic have hit the sultanate's finances hard Oman will begin issuing long-term residency to foreign investors, the government said Wednesday as authorities attempt to shore up the Gulf nation's flagging economy. Depressed demand...

The company caved in to demands for gender equity space on social media site Arabic verbs and adjectives have both masculine and feminine forms Caving in to demands of female users for more gender-equity space on social media, Twitter on Wednesday unveiled a new version that allows Arabic language users...

Trade flows continued to reach new highs during the ongoing pandemic At the global level, food and agricultural exports grew by almost $52 billion in 2020 While global food trade is expected to be strong for the year ahead, the food prices though are feared to remain high over supply...

    The drop was helped by reports that Chinese oil-imports stood at a five-month low China's crude imports were down 14.6 percent in May, from a high level a year earlier     Oil prices fell on Tuesday as concerns about the fragile state of the global recovery in...

Also boosting oil this week was a slowdown in talks between the United States and Iran over Tehran’s nuclear program, which reduced expectations for a rapid increase in supply of Iranian oil to the market

  Demand for energy increased in the first five months of 2021 to 16,467 gigawatt hours, compared to 14,988 GWh in the same period of 2020 Peak load also increased to 7,966 MW, compared to 7,248 MW in the same period   Dubai has recorded a year-on-year increase of around...

Demand for travel to places outside MENA has risen after vaccine rollout Flydubai seasonal routes will open only after Sept 29 With the rollout of more and more vaccines against coronavirus, and the decline in the rate of infection, Flydubai will be adding two more new routes this summer as...