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Iran, China reject Trump’s threat of tougher sanctions

Iran and China have pushed back against US President Donald Trump s threat to impose what Washington says will be the toughest sanctions in history on Tehran warning that unilateral economic pressure could...

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Intersolar Middle East to spotlight solar, storage and energy transition

Intersolar Middle East 2026 will bring together solar and renewable energy industry leaders in Dubai next month with the three-day conference focusing on the region s accelerating energy transition energy...

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Schneider Electric to bring energy, AI into focus at Abu Dhabi summit

Schneider Electric will bring together energy technology and industry leaders in Abu Dhabi next month for the second edition of its Innovation Summit Middle East & Africa as the region looks to strengthen...

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Hormuz traffic grinds towards standstill after attacks

Shipping through the Strait of Hormuz slowed to a near standstill over the weekend following attacks on tankers underscoring the growing risks to one of the world s most important energy routes even as...

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ADNOC vessels attacked in Hormuz, US threatens 'unprecedented' Iran sanctions

Two ADNOC vessels were attacked while transiting the Strait of Hormuz on Thursday adding to growing tensions in the strategic waterway as the United States prepares tougher economic measures against Iran....

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Kuwait Petroleum Corporation posts three-year high net profit of $6.9bn

Kuwait Petroleum Corporation (KPC) recorded a net profit of KD 2.155 billion ( 6.9 billion) for fiscal year 2025/2026 its highest in three years Chief Executive Sheikh Nawaf Al-Sabah said. He said the...

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Silverwell lands multi-million-dollar Middle East oilfield deal

Silverwell a provider of innovative gas lift solutions to the oil and gas sector has been awarded a multi-million-dollar multi-well contract with a leading Middle East operator for the deployment of its...

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EIA raises oil forecast as shipping disruption persists despite Trump claims

The US Energy Information Administration has sharply raised its forecast for oil prices this year warning that severe restrictions on shipping through the Strait of Hormuz are likely to persist through...

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Oil near $94 as US vows toughest-ever Iran sanctions

Oil prices remained near their highest level in more than three weeks on Friday as the deadlock over the Strait of Hormuz and a sharp escalation in US economic pressure on Iran raised fresh concerns about...

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Oil prices rise as Strait of Hormuz uncertainty deepens

Oil prices rose for a third consecutive session on Tuesday as hopes for a deal to end the Middle East conflict faded raising concerns that disruptions to energy supplies could persist particularly with...

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Emirates NBD drives decarbonisation shift with dedicated Transition Finance Framework

Emirates NBD a leading banking group in the Middle East North Africa Türkiye and South Asia (MENATSA) region has marked a significant milestone in its sustainable finance journey by pioneering the UAE...

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OQEP reports 12% rise in revenue, 19.4% jump in profit

Oman s OQ Exploration and Production (OQEP) delivered strong results for the first half of this year with higher production and stronger oil prices driving double-digit growth in revenue EBITDA and net...

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Taqa reports 9.7pc rise in first-half 2026 net income

Abu Dhabi National Energy Company (Taqa) reported higher revenue and profitability for the first half of 2026 supported by stronger returns from its transmission and generation businesses and increased...

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Oil slick reaches Oman coast as Iran signals long war strategy

The Middle East conflict is widening into an increasingly complex security shipping and environmental crisis with an oil slick from a grounded tanker reaching Oman s coastline just as Iran signals that...

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ADNOC firms deliver $25.3bn H1 revenue as growth investments advance

Abu Dhabi National Oil Company s six listed companies today (August 12) reported combined revenue of 25.3 billion in the first half with major investments and project awards expected to support growth...

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Tabreed delivers solid H1 results; revenue soars to $307m

National Central Cooling Company (Tabreed) today (August 11) announced its financial and operational results for the six-month period ended June 30 2026 reporting revenue of AED1.13 billion ( 307 million)...

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