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Iranian attacks target fuel tanks in Bahrain

Bahrain s Ministry of Interior has said that the Iranian aggression targeted fuel tanks at a facility in the Muharraq Governorate. Authorities concerned are taking the required steps it said. The Ministry...

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Mideast war impact on GCC corporate ratings unlikely, says Fitch

Iran s attacks on GCC countries and the resulting closure of airspace and the region s main shipping route are unlikely to affect the existing ratings of state-owned companies in the region according to...

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Aramco warns of “catastrophic” oil impact if Hormuz shipping doesn’t resume

Aramco said that there would be catastrophic consequences for the world s oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz. The disruption has not only upended the shipping...

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India-bound tanker with Saudi oil sails through Hormuz, says report

A Greek-operated oil tanker has sailed through the Strait of Hormuz with a cargo of Saudi Arabian crude and its destination listed as India reported Reuters citing the data from ship tracking platforms...

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Oman’s oil exports surpass 26 million barrels by end of January 2026

Oman s oil exports recorded a 3 percent increase by the end of January 2026 reaching 26 600 200 barrels compared to 25 821 300 barrels during the same period in 2025. Preliminary statistics issued by the...

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SABIC's Abdulrahman Al-Fageeh retires, new CEO named

SABIC has announced the retirement of its CEO and Executive Member of the Board Abdulrahman Al-Fageeh effective April 1 2026. The Board of Directors has appointed Dr Faisal Al-Faqeer as the new CEO. In...

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Fire contained in Bapco refinery after missile attack

A fire broke out at a unit of the BAPCO Energies refinery in Bahrain following an Iranian missile strike a Bahrain news Agency report said. The fire has been fully contained there are no reported injuries...

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QatarEnergy declares force majeure

Further to the announcement by QatarEnergy to stop production of liquefied natural gas (LNG) and associated products QatarEnergy has declared Force Majeure to its affected buyers. QatarEnergy said the...

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Adnoc Drilling confirms operational, financial stability

Adnoc Drilling confirms that it is closely monitoring the current situation in the UAE and broader Gulf region and is working in coordination with the relevant UAE authorities to protect people facilities...

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Fire reported in Ruwais Industrial Complex in Abu Dhabi after drone attack

Abu Dhabi authorities are responding to a fire that broke out at a facility in the Ruwais Industrial Complex caused by a drone attack. No injuries have been reported at this time said Abu Dhabi Media office...

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Aramco reports strong 2025 results with $104.7bn net income

Aramco announced its fourth quarter and full-year 2025 results reporting strong financial performance continued growth and increased returns to shareholders. The company recorded adjusted net income of...

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Bapco Energies declares force majeure

Bapco Energies Bahrain s integrated energy company hereby serves notice of force majeure on its group operations which have been affected by the on-going regional conflict in the Middle East and the recent...

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Adnoc ensures continuity of operations amid regional developments

Adnoc confirms that its operations continue despite current regional developments. The company has activated its well-established protocols and is working closely with the relevant authorities to protect...

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Tanker attacks escalate in Gulf as US-Iran conflict intensifies

Attacks on commercial shipping in the Gulf have intensified as the war between the US and Iran escalated raising concerns about disruptions to energy supplies from one of the world s most critical oil...

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Acwa's 2025 revenue soars to $1.97bn; net profit up 60pc

Saudi-listed Acwa the world s largest private water desalination company a leader in the energy transition and a first mover into green hydrogen at scale today (March 4) reported solid results for FY 2025...

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Sabic revenue hits $31bn amid petrochemicals headwinds

Saudi Basic Industries Corporation (Sabic) has delivered solid results for FY 2025 posting a net adjusted income of SAR2.1 billion ( 560 million) and revenues of SAR116.5 billion ( 31 billion). A key highlight...

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