OPEC chief: Oil to remain vital despite ‘peak oil’ predictions
Oil will remain a cornerstone of the global energy system in the decades ahead, with the Organization of the Petroleum Exporting Countries (OPEC) p ...
UK economy stagnated in July, GDP data shows
Britain’s economy recorded zero monthly growth in July, in line with economists expectations, after a strong 0.4% bounce in June, official fi ...
Nvidia and OpenAI to back major investment in UK AI infrastructure
Nvidia and OpenAI are in discussions about backing a major investment in Britain focused on boosting artificial intelligence infrastructure in the ...
ADNOC transfers stakes in listed units to international arm XRG
Abu Dhabi National Oil Company (ADNOC) said on Thursday it has transferred its shareholdings in several of its listed subsidiaries to XRG, its inte ...
Adnoc, Landmark Group launch ME’s largest loyalty partnership
Adnoc Distribution on Thursday announced a new collaboration with Landmark Group, the Middle East’s premier omnichannel retail leader. ...
Goldman Sachs supports Abu Dhabi’s drive for sustainable water infrastructure
Abu Dhabi is looking to global finance to bolster its long-term water security. The Department of Energy has signed ...
ADNOC L&S forges partnership to boost UAE’s offshore energy sector
UAE’s NMDC Group, a provider of engineering, procurement, construction (EPC), and marine dredging services, has signed an agreement with ADNO ...
Egypt’s EGAS, British Petroleum sign deal to drill 5 new Mediterranean gas wells
Egyptian Minister of Petroleum and Mineral Resources Karim Badawi attended the signing of a memorandum of understanding (MoU) on Monday between the ...
ADNOC Gas to Join FTSE Emerging Index, Unlocking Over $250 Million in Fund Investment
ADNOC Gas plc and its subsidiaries (together, "ADNOC Gas" or the "Company") (ADX: ADNOCGAS) (ISIN: AEE01195A234) today announced that its shares ha ...
UAE GDP hits Dh455bn in first quarter as non-oil economy breaks another record
The UAE’s economy maintained strong momentum in the first quarter of 2025, with real gross domestic product rising 3.9 per cent year-on-year ...
Treasury secretary says U.S. and European Union must partner to 'collapse' Russian economy
Secretary Scott Bessent said if the Supreme Court rules against the administration on tariffs, refunding the funds would be “terrible” ...
World food prices at more than two-year high, FAO says
World food prices hovered around their highest level in more than two years in August, as costlier meat, sugar and vegetable oil offset cheaper cer ...
Emirates Global Aluminium posts AED15.08 billion revenue in H1
Emirates Global Aluminium (EGA) on Thursday reported revenues of Dh15.08 billion ($4.11 billion) for the first half of 2025. EGA delivered ...
ADX, AIX announce establishment of direct link between their CSDs
The Abu Dhabi Securities Exchange (ADX) and the Astana International Exchange (AIX) announced the implementation of a direct link between their res ...
ADNOC L&S Welcomes New Shareholders Following Successful $317 Million Share Placement
ADNOC Logistics and Services plc (ADNOC L&S), a global energy maritime logistics firm, has completed a $317 million institutional placement. Th ...
ADNOC and RIQ announce $500m AI-powered reinsurance collaboration
ADNOC, an AI-native reinsurance platform and subsidiary of International Holding Company (IHC), has partnered with RIQ, a diversified energy and pe ...
US revokes TSMC's exemption for chip equipment shipments to China: Report
The US on Tuesday revoked the Taiwan Semiconductor Manufacturing Corporation's (TSMC) authorization to ship chip equipment to China without a licen ...
Syria exports first crude oil shipment in 14 years, official says
Syria exported 600,000 barrels of heavy crude oil on Monday from the port of Tartus as part of a deal with a trading firm, a Syrian energy official ...
France isn’t heading to the IMF, ECB’s Lagarde says
The likely collapse of France’s government won’t force it to seek support from the International Monetary Fund, but the country absolut ...
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