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UAE Cuts November Petrol Prices by 24 Fils a Liter, With Super 98 Falling to AED4.16

The UAE lowered retail petrol prices by 24 fils a liter for November, with Super 98 at AED4.16, Special 95 at AED4.04 and E-Plus 91 at AED3.97. Diesel fell to AED4.75.

S&P Affirms Qatar at AA With Stable Outlook, Says Liquid Assets Will Cushion Hormuz Disruption

S&P Global Ratings kept Qatar's sovereign rating at AA/A-1+ with a stable outlook, citing large liquid assets that it expects to offset the impact of the regional conflict and Hormuz supply disruptions.

US Signs Contract to Take Part in Expo 2030 Riyadh, Plans Pavilion to Expand Commercial Opportunities

The United States signed a contract formalizing its participation in Expo 2030 Riyadh, a first step toward building a US pavilion at the world fair in the Saudi capital.

Dubai Real Estate Transactions Reach About AED625 Billion in First 10 Months of 2026 as Sales Near AED412 Billion

Dubai real estate transactions reached about AED625 billion in the first 10 months of 2026 across nearly 182,000 deals, Dubai Land Department data compiled by local newspapers showed.

Fitch Affirms Abu Dhabi at AA With Stable Outlook, Sees Oil Output Rising to 4.2 Million Barrels a Day in 2027

Fitch Ratings affirmed Abu Dhabi's long-term issuer default ratings at AA with stable outlooks on Friday, citing the resilience of oil export revenue during the US-Iran war.

Brent Settles 2.4% Higher at $117.64, Its Highest Since April, After Limpet Mine Attack on Hormuz Tanker

Brent crude futures for December settled up $2.76, or 2.4%, at $117.64 a barrel on Friday, the highest since the end of April, and ended October 13.6% higher.

Saudi Crude Exports Rose in October Despite Attacks on Gulf Shipping, Two of Three Ship Trackers Say

TankerTrackers.com put Saudi crude exports at about 7.9 million barrels per day in the first 29 days of October, up from 5.8 million bpd in September.

Iraq Denies Plan to Borrow 16 Trillion Dinars From Saudi Arabia, Kuwait and Others to Cover Budget Gap

Iraq's government denied reports that it plans to borrow 16 trillion dinars from Saudi Arabia, Kuwait, China, Germany and France to cover its budget deficit.

Al Ansari Financial Services Moves to Annual Dividend Payments, Dropping Interim Distributions

Dubai-listed Al Ansari Financial Services said it will consider paying dividends once a year after its annual audit, rather than on an interim basis.

Pakistan Offers Saudi Companies Tax-Free Oil Storage as Alternative to Hormuz Shipping Routes

Pakistan has approved a tax-neutral bonded oil storage policy that would let Saudi companies hold commercial reserves in the country without local tax liabilities.

Oman’s Navy Evacuates 25 Crew From Panama-Flagged Vessel RITI After Attack Sparks Fire Off Musandam

Oman's Royal Navy evacuated 25 crew from the Panama-flagged vessel RITI after it was targeted and caught fire 1.6 nautical miles off Musandam, near the Strait of Hormuz.

UAE Says Oil Leak From Damaged Tanker Gem No. 2 Has Stopped as Cleanup Continues on Northern Coast

The UAE said the oil leak from the Gem No. 2 tanker has stopped, with no new leakage detected, as cleanup continues off Umm Al Quwain and nearby emirates.
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