Economy
ADNOC Distribution Invests $300M Annually to Fuel Organic Growth in UAE, KSA, and Egypt
Layla Al MansooriADNOC Distribution plans to invest $250-300 million annually for organic growth across the UAE, Saudi Arabia, and Egypt while exploring potential acqu...
OPEC Secretary-General Haitham Al-Ghais Calls for Increased Oil Investments as Demand Continues to Grow
OPEC's Secretary-General says the world needs massive energy investments - around $18.2 trillion by 2050 just for oil - as global demand keeps hitting...
ADNOC Drilling Acquires 80% Stake in MPM Petroleum Services for $204M Deal
ADNOC Drilling just sealed a deal to buy 80% of MB Petroleum Services for $204 million, marking its second major regional acquisition. The move puts t...
UAE Unveils Vision to Accelerate Clean Energy Transition at Singapore's International Energy Week
The UAE is pushing for faster global adoption of clean energy through cross-border projects and regional cooperation. At Singapore's International Ene...
Oil Prices Plunge as Inventories Swell Amid Oversupply Concerns
Oil prices fell Wednesday as global markets saw widespread selling, highlighting concerns about economic growth and fuel demand. The decline was made...
UAE Leads Largest Mergers and Acquisitions Deals in the Middle East
The UAE has become the region's biggest deal maker, securing the Middle East's largest acquisition in the first nine months of 2025. Two major transac...
Pioneering Sustainable Aviation Fuel Facility to Revolutionize Fueling in Fujairah
The UAE is building its first sustainable aviation fuel production facility in Fujairah, marking a major step toward reducing the aviation industry's...
Surging Global Demand for Oil and Gas Fueled by Booming Data Centers, Says Energy Minister
The UAE is leading the global race in artificial intelligence adoption while positioning itself as a major player in the world's evolving energy lands...
Soaring Dollar Sinks Gold Below $4,000, Disrupting Precious Metal's Momentum
Gold prices dropped below $4,000 per ounce again on Tuesday as the dollar held near three-month highs and expectations for another US interest rate cu...
Emirati Firms Harness AI to Power Transformative Energy Sector Advancements
UAE energy companies are rapidly expanding their use of artificial intelligence across operations to boost efficiency and drive business growth. The p...
Abu Dhabi Holding Conglomerate Reports Impressive Net Profits of $2.8 Billion
Alpha Dhabi Holding, one of Abu Dhabi's major investment firms, posted strong financial results for the first nine months of 2025. The company's reven...
Global Water Corporation Expands Footprint in UAE with New Branches Across Abu Dhabi, Dubai, and Sharjah
Gulf Warehousing Company (GWC) is showcasing its energy services and expansion strategy at ADIPEC 2025 in Abu Dhabi. The logistics giant recently open...
ADIPEC 2025 Kicks Off in Abu Dhabi, Gathering Global Energy Leaders for Impactful Discussions
Abu Dhabi kicked off ADIPEC 2025 today, the world's largest energy sector event, bringing together over 45 energy ministers and 250 CEOs to tackle gro...
Adibek 2025: Shaping the Future of the Energy Sector on a Global Stage
Abu Dhabi is hosting the world's largest energy sector event starting today, as ADIPEC 2025 kicks off at the ADNEC Abu Dhabi center. The conference an...
OPEC+ Freezes Production Hikes for Q1 2026, Maintaining Market Stability
Eight major oil-producing nations, including the UAE, Saudi Arabia, and Russia, agreed to slightly increase oil production starting December 2025 whil...
Emirati Energy Expo ADIPEC 2025 to Cement UAE's Global Leadership in Shaping the Future of Energy Sector
Abu Dhabi's biggest energy conference is positioning itself at the center of a major shift in how the world thinks about power and artificial intellig...
Dubai-based Conglomerate SKH Invests $136M in Ras Al Khaimah's Stunning Cove Resort
A Dubai-based private family office has acquired the iconic Al Cove Rotana Resort in Ras Al Khaimah for nearly 500 million dirhams, with Rotana return...
UAE Stocks Soar: Local Market Cap Gains Dh53.2B in October
UAE stock markets posted strong gains in October, with total market value rising by 53.2 billion dirhams across Dubai and Abu Dhabi exchanges. Dubai F...
Abu Dhabi Registration Authority Launches Initiative to Update Economic Licenses Registry
Abu Dhabi's business registration authority has launched a program to help investors renew expired economic licenses dating back over three years, inc...
Adnoc Distribution Posts Robust $579 Million Net Profit in 9 Months, Showcasing Resilience in Challenging Times.
ADNOC Distribution posted record profits of $885 million (EBITDA) in the first nine months of 2025, marking a 12% jump and the company's strongest nin...
Gold Shines and Aims for Monthly Gains: A Glittering Investment Opportunity
Gold prices climbed Friday and are heading for their third straight month of gains as investors pile into the precious metal following the Federal Res...