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ADNOC Refining Signs Two Contracts With France’s Technip Energies as Macron Attends Abu Dhabi Business Dialogue

ADNOC Refining and France's Technip Energies signed two contracts covering a refining capacity enhancement project and a sustainable aviation fuel project at the UAE-France Business Dialogue in Abu Dhabi.

Gulf Keystone and ShaMaran Agree $601 Million All-Share Merger to Create Larger Kurdistan Oil Producer

Gulf Keystone Petroleum and ShaMaran Petroleum agreed to merge in an all-share deal valuing ShaMaran at about $601 million, creating an oil producer with 53,000 barrels a day of pro-forma working-interest output in Kurdistan and Federal Iraq.

SABIC Agri-Nutrients Third-Quarter Profit Falls 62% to SR484 Million as Supply Chain Strains Cut Sales

SABIC Agri-Nutrients said third-quarter net profit fell 62% to SR484 million from SR1.29 billion a year earlier, as supply chain disruptions cut sales volumes and raised shipping costs.

Mobily Third-Quarter Profit Edges Up 1% to SR925 Million as Revenue Grows 4.5%

Etihad Etisalat Co. (Mobily) said third-quarter net profit rose 1% to SR925 million, as revenue growth offset higher depreciation and amortization charges.

Qatar’s Energy Minister Meets Iran’s Acting Petroleum Minister in Doha

Saad Sherida Al-Kaabi, Qatar's Minister of State for Energy Affairs, met Hamid Bovard, Iran's Acting Minister of Petroleum, in Doha on Monday to discuss energy relations and cooperation.

Yansab Third-Quarter Profit More Than Triples to SR237.3 Million on Higher Prices and Volumes

Saudi petrochemical producer Yansab said third-quarter net profit rose 220% to SR237.3 million from a year earlier, though it fell 8.3% from the second quarter as selling prices dropped.

Bank Albilad Third-Quarter Profit Falls 3.4% to SR740.2 Million as Costs and Provisions Rise

Bank Albilad's third-quarter net profit fell 3.4% to SR740.2 million from SR766.5 million a year earlier, as higher operating expenses and credit-loss provisions offset growth in income.

Qassim Cement Completes SR65 Million Acquisition of Ready-Mix Producer Amix

Qassim Cement Co. has completed its SR65 million acquisition of 100% of Amix for Ready Mix Concrete Co., making the concrete producer a wholly owned subsidiary.

UAE’s CNTXT AI Opens First US Office, Citing $300 Million in Committed Revenue

UAE-based CNTXT AI is opening its first US office in Milpitas, California, and has $300 million in committed revenue, mostly from US cloud groups, AI developers and large enterprises.

Qatar’s Ahli Bank Nine-Month Profit Edges Up to QAR676.8 Million

Ahli Bank reported net profit of QAR676.8 million for the nine months to September 30, 2026, up 0.1% from QAR676.2 million a year earlier.

UAE’s Blue Rhine Industries Wins Contract to Install LED Exosphere at $1.7 Billion Sphere Abu Dhabi

UAE-founded Blue Rhine Industries has won a subcontract from ALEC Engineering and Contracting to install and commission the LED Exosphere at Sphere Abu Dhabi, the $1.7 billion venue on Yas Island.

Banque Saudi Fransi Third-Quarter Profit Rises 11.5% to SR1.51 Billion

Banque Saudi Fransi's net income rose 11.5% to SR1.51 billion in the third quarter of 2026, lifting nine-month profit 7% to SR4.38 billion.
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