US strikes on Iran could damage global growth, says IMF chief
US strikes on Iran could damage global economic growth, the head of the International Monetary Fund has warned. Director Kristalina Georgie ...
Mubadala, Abu Dhabi Projects and Infrastructure Centre partner to explore strategic collaborations
Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor, and the Abu Dhabi Projects and Infrastructure Centre (ADPIC) have sig ...
Norges Bank Delivers First Rate Cut in 5 Years
Norges Bank’s Monetary Policy and Financial Stability Committee unanimously decided to reduce the policy rate from 4.5 percent to 4.25 percen ...
Saudi PIF launches new company to run Expo 2030
Saudi Arabia’s $925 billion sovereign wealth fund PIF said on Thursday it had launched a new unit that will be responsible to build and opera ...
Insurance Costs for Ships in Strait of Hormuz Rise Over 60%
Insurance prices for ships travelling through the Strait of Hormuz have jumped more than 60% since the start of the war between Israel and Iran as ...
IEA Predicts Well-Supplied Oil Market Through 2025 and Beyond
The International Energy Agency (IEA) has projected that the global oil market will remain well-supplied in 2025, barring any major disruptions. De ...
Commission proposes a plan to phase out Russian gas and oil imports
The Commission has put forward a proposal to gradually and effectively stop the import of Russian gas and oil into the EU by the end of 2027. This ...
XRG-Led Consortium Proposes $19B Acquisition of Santos Energy
A consortium led by ADNOC’s (Abu Dhabi National Oil Company) subsidiary, XRG, including the International Energy Investment Company, ADQ (Abu ...
UAE’s 2031 non-oil foreign trade target will be achieved in 2 yrs: Sheikh Mohammed
The UAE’s non-oil foreign trade surged by 18.6 per cent year-on-year in Q1 2025, reaching Dhs835bn, as the country accelerates toward its eco ...
UAE Economy Grows 4% In 2024, Driven By Non-Oil Sectors
The United Arab Emirates (UAE) recorded a 4 per cent real GDP growth in 2024, reaching 1.77 trillion dirhams (about 482 billion US dollars), fueled ...
Oil prices rise as Israel-Iran conflict heightens fears of supply disruptions
Oil prices jumped in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that escalating battle c ...
Supreme Council for Financial and Economic Affairs awards 3 oil and gas production concessions to ADNOC and partners
The Supreme Council for Financial and Economic Affairs (SCFEA) has awarded three separate production concession agreements to ADNOC and ...
Boeing Stock Drops as 787-8 Plane Crashes in India
Boeing (BA) shares are slumping in early trading after a 787-8 aircraft was involved in an Air India plane crash early Thursday. The Air In ...
Bloomberg: ADNOC weighing potential purchase of some bp assets
Abu Dhabi National Oil Company is evaluating whether to buy some of bp’s key assets if the British firm decides to break itself up, or if it ...
ADNOC L&S lands $530m deal with petchem giant Borouge
ADNOC Logistics & Services (ADNOC L&S) has secured a 15-year contract with its compatriot polyolefins major, Borouge, to manage logistics f ...
US-China trade deal is 'done,' Trump says
A U.S.-China trade deal is "done," U.S. President Donald Trump said on Wednesday, hours after negotiators from Washington and Beijing agreed on a f ...
UAE, China strengthen economic cooperation at AIM Congress 2025
In line with ongoing efforts to explore promising opportunities in the new economy, trade, and investment sectors, the United Arab Emirates and the ...
Emirates NBD, Siemens to boost financing for large-scale green infrastructure projects
DUBAI - Emirates NBD has partnered with Siemens to announce an innovative finance and resourcing agreement aimed at accelerating the funding of fut ...
Qualcomm to acquire chip designer Alphawave Semi for $2.4B
Qualcomm announced it has reached an agreement to acquire British chip design firm Alphawave Semi in a deal that’s reportedly valued at $2.4 ...
Trump, White House aides signal a possible détente with Musk
Signs of a truce are emerging in the increasingly bitter clash between two of the world’s most powerful men. President Donald Trump p ...
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