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UAE to Supply Indonesia With Up to 30 Million Barrels of Oil, Indonesian Upstream Regulator Says

The UAE will supply Indonesia with up to 30 million barrels of oil without working capital costs, including shipping, the head of Indonesia's upstream regulator SKK Migas said on Tuesday.

Etihad Credit Insurance Renews and Expands Trafigura Support With $150 Million Facility for UAE-Origin Exports

Etihad Credit Insurance will provide up to $100 million of credit insurance cover for a renewed $150 million revolving credit facility for Trafigura to buy UAE-origin commodities.

Petroleum Development Oman Awards Five-Year Hoist Contracts for 15 Units to Abraj and Shaleem Petroleum

Petroleum Development Oman awarded five-year hoist services contracts covering 15 units to Abraj Energy Services and Shaleem Petroleum Company, which it expects to cut costs by 7% against existing contract rates.

Qatar Islamic Insurance Nine-Month Profit Falls 31.3% to QR95.55 Million

Qatar Islamic Insurance Company's net profit fell 31.3% to QR95.55 million in the first nine months of 2026, from QR139.17 million a year earlier.

Qatar’s Aamal Nine-Month Profit Falls 12.2% to QR287.2 Million as Revenue Slips 1.4%

Qatar's Aamal reported a 12.2% fall in nine-month net profit attributable to shareholders to QR287.2 million, as revenue edged down 1.4% to QR1.54 billion and gross profit rose 1.1%.

Saudi Cabinet Approves 271-Article Commercial Transactions Law, Letting 15-Year-Olds Trade With Guardian Consent

Saudi Arabia's cabinet approved a 271-article Commercial Transactions Law that replaces three older laws, sets rules for commercial contracts and allows people aged 15 to trade with permission from a guardian or a court.

Qatar Stocks Jump 3.37% as Turnover Nears QR1 Billion, Kuwait Premier Index Gains and Bahrain Slips

Qatar's main stock index rose 3.37% to 9,150.83 points at Tuesday's close as turnover climbed to QR991.54 million, while Kuwait's Premier Market index gained 0.86% and Bahrain's all share index fell 0.29%.

AHS Properties to Convert Dubai’s Shangri-La Hotel Into $1.3 Billion Office Development

Dubai developer AHS Properties plans to turn the Shangri-La Dubai hotel on Sheikh Zayed Road into a $1.3 billion office development called AHS Twin Towers, with completion targeted for 2028.

Sharjah National Oil Completes First Phase of Hadiba Gas Field, Set to More Than Double Its Gas Output

Sharjah National Oil Corporation has completed the first phase of its Hadiba gas and condensate field development, which it says will lift its current gas production to more than double previous levels.

Oman Offers Three New Mining Concession Areas Covering 2,062 Square Kilometers at Sydney Conference

Oman's Ministry of Energy and Minerals has put three new mining concession areas totaling 2,062 square kilometers on offer, with geological indicators of manganese, nickel, copper, chromite and gold.

Abu Dhabi’s PureHealth Partners With Schneider Electric on Energy Management as It Targets Net Zero by 2040

PureHealth, the Abu Dhabi healthcare group, will use Schneider Electric's emissions and energy data platform across its facilities as it works toward a 2040 net zero target.

India’s Bandhan Bank Denies Acquisition Talks With First Abu Dhabi Bank After Report FAB Is Scouting an Indian Lender

Bandhan Bank denied any acquisition discussions with First Abu Dhabi Bank after Moneycontrol reported that the UAE's largest lender is looking to buy a mid-sized Indian private bank.
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