Oil prices eased slightly on Tuesday after jumping about 6% yesterday following increased hostilities in the Strait of Hormuz. Brent oil futures fell 1.6% to 112.8 per barrel at 05.00 GMT after settling...

Oman s Ministry of Commerce Industry and Investment Promotion will begin implementing the provisions of the new regulatory framework for fuel filling stations issued under Ministerial Decision No. (142/2025)...

Petroleum Development Oman (PDO) has signed a strategic contract with Abraj Energy Services for the provision of hydraulic fracturing services reinforcing its commitment to maximising hydrocarbon recovery...

Adnoc Drilling Company announced the completion of its transaction to acquire an 80 per cent stake of MB Petroleum Services a drilling and oilfield services (OFS) joint venture (JV) with MB Holding Company...

The UAE s decision to conclude its membership of OPEC and OPEC reflects a shift towards aligning production more closely with capacity and market demand. For ADNOC s portfolio of listed companies the change...

Oil prices extended their rally on Friday as geopolitical tensions around Strait of Hormuz remained unresolved with both Iran and the United States showing no signs of de-escalation. Brent crude futures...

The UAE Fuel Price Committee has announced fuel prices for May 2026 maintaining the diesel price in a step aimed at supporting the continuity of vital sectors particularly logistics and supply chains contributing...

Oil prices continued to climb on Thursday with no sign of easing as markets priced in a prolonged supply squeeze from the Middle East following stalled negotiations and firm signals from Donald Trump that...

The UAE is entering a new chapter in which it is reshaping its place in the global economy with confidence clarity and ambition said Dr Sultan bin Ahmed Al Jaber Minister of Industry and Advanced Technology....

Adnoc announced the launch of its Industrial Resilience Program me at the start of the fifth edition of Make it in the Emirates forum introducing five initiatives that will strengthen UAE supply chains...

Mubadala investment Company (Mubadala) an Abu Dhabi Sovereign Investor and Tubacex Group announced the full operational launch of their joint venture in Abu Dhabi marking the activation of the first regional...

Bahrain s Fuel Pricing and Monitoring Committee has announced fuel prices for the local market for May in line with the approved pricing mechanism and reflecting global market changes. The committee said...

Dana Gas the Middle East s largest regional private sector natural gas company today announced it has received an additional payment of 20 million from Egypt with all overdue receivables now fully settled....

Byrne Group received nine awards at the 2026 Stevie Awards Mena including three Gold four Silver and two Bronze. The results reflect the company s performance in this year s regional programme. The awards...

Borouge an Abu Dhabi based petrochemicals company reported a resilient performance in Q1 2026 despite regional instability and logistics disruptions. The company generated revenue of 1.2 billion with adjusted...

Saudi Basic Industries Corporation (Sabic) a global leader in chemicals returned to profit in the first quarter of 2026 posting net earnings of SAR13.2 million ( 3.52 million) compared with a SAR1.21 billion...