ADNOC Says Backup Projects Built a Decade Ago Kept Oil Flowing Through Disruption

Oil and Gas
Abu Dhabi National Oil Company prepared for major supply disruption 10 to 15 years ago, and that spending kept production going this year, ADNOC board director Abdulmunim Al Kindy said.
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Dubai Stocks Rise 0.6% as Emirates NBD and DEWA Lead Gains, Ending Two-Week Slide

Dubai's main share index rose 0.6% at Friday's close, recovering from losses in the previous session on gains in utility and financial stocks, Reuters...

FAB Issues AED1 Billion Digitally Native Green Bond, a First for the MENA Region

First Abu Dhabi Bank has issued and settled AED1 billion ($272.3 million) of three-year green notes created directly on Euroclear's distributed ledger platform, the first such green bond from the Middle East and North Africa.

QatarEnergy and TotalEnergies Agree on Lebanon Solar Plant as Qatar Nears Power Project Deal

QatarEnergy has reached an agreement with TotalEnergies to jointly develop a solar power plant in Lebanon, Qatar's prime minister said in Beirut on October 16, as the two governments near a deal on a wider electricity project.
UAE

TARAF and Marriott Sign Deal for JW Marriott Residences Abu Dhabi on Yas Island

TARAF, the real estate division of UAE investment group Yas Holding, and Steppe have signed an agreement with Marriott International to launch JW Marriott Residences Abu Dhabi, Yas Island, the companies said. The agreement was signed through a joint venture between TARAF and Steppe, an investment firm founded in Singapore in 2010. The project will be Abu Dhabi's first JW Marriott...

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Saudi Arabia Moves $12 Billion in Gaming Stocks to Savvy Games Group

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Saudi Arabia’s Public Investment Fund is transferring $12 billion worth of gaming shares to its subsidiary, Savvy Games Group. This move strengthens Savvy’s position in the global gaming sector. The transfer includes stakes in major firms like Nintendo,...
Financial

Qatar’s Digital Finance Shines with QIB’s AI Success

Qatar’s digital financial ecosystem continues to strengthen its digital banking sector through major advancements. Qatar Islamic Bank (QIB) recently gained top awards for its...
Financial

Qatar Highlights Growth with Ahli Bank Quarterly Results

Qatar continues to reinforce transparency in its financial sector through the upcoming Ahli Bank quarterly results. The bank will share its first-quarter performance in...
Oil and Gas

India and Oman Deepen Economic Cooperation Through New Trade and Logistics Partnership

India is strengthening its economic and energy security through a new trade agreement with Oman. The deal took effect on June 1 and offers...
Financial

Iraq Enforces Forex Regulation Compliance With License Cancellation

Iraq continues its push for forex regulation compliance by taking strict actions against violators. Recently, the Central Bank of Iraq revoked the license of Taiba Land...
Financial

Gulf Investors Launch $2 Billion Arbitration Against Pakistan

Saudi and Kuwaiti investors have filed a $2 billion arbitration case against Pakistan over K-Electric, the country’s largest private power utility. The dispute escalates...
Financial

Jakarta Flights Cancelled as Volcanic Ash From Mount Anak Krakatau Creates Widespread Travel Disruption

Jakarta flights face widespread disruption after volcanic ash from Mount Anak Krakatau affected airport operations. Several major airlines cancelled services to Jakarta on Monday....
Financial

Saudi Arabia Sukuk Issuance Soars as Banks Bridge Liquidity Gap

Saudi banks are experiencing an unprecedented surge in sukuk issuance this year. From January through mid-September, volumes reached $10.5 billion, nearly doubling last year’s...
Investment

UAE Food Sector Aims for $10.9 Billion Growth

The UAE food sector entered a new phase with the launch of the Future Food Forum in Dubai. Moreover, policymakers, business leaders, and academics...
Oil and Gas

Petrol Prices UAE October Update

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Global trends guide the adjustment as the UAE prepares for a minor shift in petrol prices this October. The petrol prices hold major importance for households, businesses, and the wider economy across the Emirates. The UAE’s fuel price committee meets...

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