Saudi Basic Industries Corporation (Sabic) reported revenue of SAR 24.81 billion ( 6.62 billion) for the second quarter of 2026 down 5 per cent compared with the previous quarter as the company navigated...

MWG Enterprises the Fort Worth-based energy development company Patel Family Office and PWS an associate company of Saudi Arabia s AHQ Group have launched Mera Oil a US-Saudi private consortium and entered...

The Middle East moved closer to a broader regional confrontation on Wednesday as Iran launched a failed ballistic missile attack on US forces while the United States and Saudi Arabia carried out joint...

NMDC Energy reported strong financial and operational performance for the first half of 2026 with revenues rising 16% year on year to AED9.5 billion ( 2.6 billion) compared with AED8.2 billion during the...

Oil prices extended their sharp decline in early Asian trading on Tuesday as markets welcomed a fourth consecutive night without military strikes between the United States and Iran easing immediate fears...

Dubai Electricity and Water Authority (Dewa) has reported strong operational results from the world s first artificial intelligence (AI)-driven gas turbine intelligent controller (GTIC) developed with...

Spanish intelligent infrared technology company Sensia has been selected by Aramco as a supplier partner to support smart asset monitoring emissions management and industrial digitalisation across Aramco...

Brent crude touched 100.64 a barrel on Thursday a jump of 7% after Yemen s Houthi rebels claimed to have struck two Saudi oil tankers in the Red Sea. US crude rose to 91.83 up 5.8%. The Bab el-Mandeb Strait...

Large-scale urban developments across the Gulf could generate up to 35 per cent of their electricity needs through on-site solar power while reducing costs by a similar margin according to a new report...

Oil prices climbed sharply on Wednesday as renewed military clashes between the United States Saudi Arabia and Iran kept traders on edge about supply disruptions even as Oman unveiled a Gulf-backed proposal...

The Saudi Water Authority (SWA) has announced plans to begin local manufacturing of energy recovery devices (ERDs) marking the establishment of the world s first facility of its kind outside the US. The...

Masdar Abu Dhabi energy company and Montenegro s national power utility Elektroprivreda Crne Gore (EPCG) have moved their renewable energy partnership into the project execution phase with agreements covering...

Ampo Arabia has secured the largest single order in the history of its Dammam 2nd Industrial City manufacturing plant signing an agreement with international EPC contractor C.A.T. Group to locally manufacture...

Oil prices fell sharply on Monday after the United States and Iran halted hostilities over the weekend raising hopes that a diplomatic breakthrough could ease tensions in the Middle East. However shipping...

Air defence systems in Saudi Arabia intercepted two ballistic missiles from Yemen on Saturday targeting oil refineries in Yanbu Greek security sources told Reuters a day after US forces launched fresh...

Enersol announced that its portfolio company EV has acquired Houston-based Scientific Data Systems (SDS) developer of the Warrior Data Acquisition System a widely deployed wellbore logging acquisition...