Saudi Arabia to Store Crude Oil in Singapore’s Jurong Rock Caverns From Second Half of 2027

Oil and Gas
Saudi Arabia plans to store crude oil in Singapore's Jurong Rock Caverns from the second half of 2027, after Singapore's energy regulator and JTC exchanged a memorandum of understanding with Saudi Aramco.
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Umm Al Qura Sells Masar Destination Plot in Makkah for SR139 Million to Make Way for Hospitality Tower

Umm Al Qura for Development and Construction has agreed to sell a 3,217-square-meter plot in Makkah's Masar Destination for SR138.98 million, more than twice its book value.

Kuwait’s Securities House Partners With Saudi Developer Asas Makeen on 126-Unit Riyadh Residential Project

Kuwait's Securities House has signed an agreement with Saudi-listed Asas Makeen and other partners to acquire and develop a 126-unit residential complex in north Riyadh.

TAQA Prices $1.75 Billion Dual-Tranche Bond, Including $1.1 Billion of Green Notes

Abu Dhabi National Energy Company has priced a $1.75 billion bond in two tranches, with an orderbook more than three times oversubscribed.
Investment

Oman’s Nama Electricity Distribution to Invest More Than OMR600 Million in Its Grid Through 2029

Nama Electricity Distribution plans to invest more than OMR600 million from 2026 to 2029 to expand and upgrade Oman's power distribution network.

Finacial

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DXB Growth Continues as Dubai Airports Targets 100 million Passengers Despite Regional Challenges

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DXB growth continues to drive Dubai’s aviation ambitions despite recent regional tensions. Dubai Airports expects strong passenger demand throughout 2026. Industry analysts believe the airport can still approach another major milestone next year. Dubai International Airport recorded strong...
Iraq

Iraq Oil Exploration Advances as First Northern Exploration Well Since 1978 Begins Operations in Salahadin Province

Iraq Oil Exploration has entered a new phase as the country begins drilling a new northern exploration well. The project marks a significant step...
Investment

Qatar Emerges as Global Startup Hub, Expands Ties with Uzbekistan

Qatar has rapidly positioned itself as a leading hub for innovation and entrepreneurship, attracting global investors and startups. Government-backed initiatives and strategic policies have...
Financial

Dubai Gold Price Climbs to Dh541 per Gram as Global Gold Market Recovers After Sharp Sell-Off

The Dubai gold price climbed again on Thursday as global bullion markets showed signs of recovery. The rise followed a sharp decline earlier this...
Bahrain

Bahrain Capital Markets Tech Shift Takes Center Stage at Major Conference

To start with, Bahrain is preparing to host a major event that will spotlight the future of financial technology and exchange infrastructure. Bahrain Bourse...
Iraq

OPEC+ Keeps October Oil Output Unchanged as Members Prepare for 2027 Quota Talks

OPEC+ kept its oil output policy unchanged for October during a meeting on Sunday. OPEC+ now faces important decisions about future production levels and...
Oil and Gas

Saudi Arabia Offers Rare Spot Crude Amid Hormuz Freeze

Global oil crisis conditions worsened Monday as Saudi Arabia took the unusual step of offering crude on the spot market. This move follows the...
Financial

Egypt and Iraq Bilateral Cooperation Strengthened in Cairo Meeting with Ambassador

Egypt and Iraq Bilateral Cooperation remains a top priority, as Prime Minister Moustafa Madbouly welcomed Iraq’s Ambassador Qahtan Taha Khalaf Al-Janabi in Cairo for key...
News

UAE Hiring Rebounds 4% in Third Quarter, Fastest in the Gulf, Cooper Fitch Says

Hiring in the UAE rose 4% in the third quarter of 2026, the strongest increase in the Gulf, after a 4% drop in the previous quarter, according to recruitment firm Cooper Fitch.
Investment

Iraq Food Sector Expands with $2bn Karbala Investment Drive

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Iraq has launched five large-scale food industry projects in Karbala with investments totaling $2 billion. These initiatives, led by Etihad Food Industries, aim to boost meat, dairy, and fish production for the domestic market. Prime Minister Mohammed Shia Al-Sudani attended...

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