ADNOC L&S shareholders approve $273 million dividend in 2024
ADNOC Logistics & Services Plc (ADNOC L&S) announced shareholder approval of all agenda items at its Annual General Meeting, including a fi ...
Trump says any country buying Venezuelan oil will face a 25% tariff
President Donald Trump said Monday that he will impose tariffs of 25% on any nation that buys oil from Venezuela. “Venezuela has been ...
ADNOC Gas Gets Shareholder Approval for $3.41B Dividend for 2024
Shareholders of ADNOC Gas PLC approved the integrated gas processing company’s proposed dividend of $3.41 billion for 2024, it said Monday. ...
EU stands by F-gas regs in face of global trade concerns
The European Commission has stood by the F-gas Regulation in response to increasing concerns over global trade barriers. Responding to a wr ...
UAE commits to $1.4 trillion US investment, White House says
The United Arab Emirates has committed to a 10-year, $1.4 trillion investment framework in the United States after top UAE officials met President ...
Dubai: Vertiv Launches A Next-Generation Platform for Comprehensive Data Center Management
Dubai, UAE – Vertiv (NYSE: VRT), a global leader in critical digital infrastructure and continuity solutions, has announced the launch of V ...
US Federal Reserve keeps key interest rate unchanged
The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it ...
U.S. Industrial Production Surges in February, Marking Strongest Growth in Over a Year
Washington, D.C. – March 2025 – The U.S. industrial sector saw a significant resurgence in February, marking the strongest expansion in ...
German premium carmakers weigh price, production shifts to soften tariff blow
German premium carmakers exposed to U.S. import tariffs are weighing long-term strategies from raising prices and lowering output to shifting produ ...
Oil prices ease 1% as Ukraine peace talks offset Mideast instability worries
Oil prices eased about 1% on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin discussed moves to end the three-year-old ...
OECD predicts 3.8% economic growth for Saudi Arabia in 2025
 Saudi Arabia’s economy is poised for substantial growth, with its gross domestic product projected to increase from 1.2 percent in 2024 ...
prices rise as US vows to keep attacking Houthis
Oil prices traded higher on Monday after the US vowed to keep attacking Yemen’s Houthis until the Iran-aligned group ends its assaults on shi ...
Global trade hits record $33tn in 2024, growing by 3.7%: UNCTAD
Global trade reached a record high of $33 trillion in 2024, marking a 3.7 percent increase from the previous year, driven by an uptick in the servi ...
Gold hits record high as ounce surpasses $3,000, gaining 2.6% in one week
Gold prices in local markets saw a slight decline on Saturday, coinciding with the global market’s ...
IEA sees global oil market surplus for 2025
Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said on Thursday, due to growth ...
OPEC Sticks to Global Oil Demand Forecasts, Reports Output Jump
OPEC on Wednesday kept its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel would support consumption ...
Northvolt files for bankruptcy in Sweden
Following an exhaustive effort to explore all available means to secure a viable financial and operational future for the company, the Board of Dir ...
Gold holds ground after cooler US inflation data
Safe-haven gold held its ground on Wednesday, aided by tariff uncertainty and a cooler inflation report that keep bets for a U.S. rate cut intact. ...
Oil Rises on Weaker Dollar But Tariff Fears Batter Sentiment
Oil prices have been on a rollercoaster ride, influenced by various factors including currency fluctuations and geopolitical tensions. Recently, oi ...
Oil Rises from Six-Month Low as Metrics Signal Drop Was Overdone
West Texas Intermediate rose 0.3% to top $66 a barrel, recovering from the lowest closing price in six months. Ukraine said it’s ready to acc ...
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