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Oil and gas
Markets
Oil prices extend losses as U.S. product stockpiles grow, China activity slows
Brent oil futures expiring in July dropped 0.3 percent to $81.61 per barrel
Markets
Oil prices steady amid caution over rate decision and inflation despite significant inventory decline
Brent oil futures for July delivery held steady at $83.61 per barrel
Markets
Oil prices climb on demand optimism, OPEC+ cuts eyed
Brent crude futures for July delivery rose 0.3 percent to $84.51 per barrel
Markets
Oil prices maintain stability following recovery from 3-month low, investors await inflation data
Brent crude oil futures expiring in July edged 0.1 percent lower to $83.04 per barrel
Industry
Make it in the Emirates: UAE’s ADNOC expands in-country value program, aims for $24.5 billion in local manufacturing by 2030
This is up from the previous target of $19 billion by 2027
Economy
Saudi Arabia maintains ‘A1’ credit rating with positive outlook amid successful economic reforms: Report
The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
Bahrain
Bahrain’s credit rating affirmed at ‘B+/B’ with stable outlook: Report
The report forecasts an upgrade for Bahrain if the government substantially lowers net debt-to-GDP via improved budgets
Markets
Oil prices bounce back slightly as traders eye U.S. inflation report, upcoming OPEC+ meeting
Brent oil futures for July delivery gained 0.1 percent to $82.22 per barrel
Saudi Arabia’s E&P investments to reach $7 billion in 2025: Report
By 2025, the Kingdom is expected to account for 67 percent of the MENA region's total E&P expenditure
Markets
Oil prices hover near multi-month lows, poised for weekly decline on rate hike concerns
Brent crude oil futures for July delivery fell 0.1 percent to $81.31 per barrel
Economy
Sharjah’s GDP surges 6.5 percent to $39.5 billion in 2023
Non-oil sectors also saw a significant 7.1 percent increase, reaching $38.79 billion in 2023
Markets
Oil prices dip amid concerns over prolonged high U.S. rates, weaker demand
Brent crude oil futures expiring in July declined 0.7 percent to $81.35 per barrel
Markets
Oil prices continue downward slide amid rising U.S. stockpiles, jitters over interest rate hikes
Brent crude oil futures expiring in July slid 0.6 percent to $82.40 per barrel
Markets
Oil prices dip amid fears on U.S. inflation, higher interest rates dampening demand
Brent crude futures fell 44 cents, or 0.53 percent, to $83.27 a barrel
Industry
Qatar’s industrial production index reaches 100.2 points in March 2024, increasing by 4.7 percent
Data showed a 4.8 percent increase in the mining sector compared to February 2024
Energy
UAE’s ADNOC Drilling secures $1.69 billion contract to develop 144 unconventional wells
To service the contract and explore future opportunities, ADNOC Drilling has incorporated Turnwell Industries
Markets
Oil prices edge higher ahead of Fed cues, improving demand
Brent oil futures expiring in July rose 0.3 percent to $84.19 per barrel
Markets
Oil prices steady, on track for modest weekly gains as demand outlook brightens
Brent crude futures for July delivery edged up 0.1 percent to $83.33 per barrel
Energy
UAE’s ADNOC to begin operations at Ras Al Sadr gas field in Abu Dhabi
The Ras Al Sadr gas field has a production capacity of up to 100 million standard cubic feet of gas per day
Markets
Oil prices rise amid weaker dollar, tighter supply expectations
Brent oil futures for July delivery rose 0.5 percent to $83.17 per barrel
Markets
Oil prices rise amid drop in U.S. inventories, inflation concerns
Brent oil futures expiring in July rose 0.4 percent to $82.70 a barrel
Markets
Oil prices surge as China’s fiscal stimulus, Canadian wildfires threaten supply
Brent oil futures, set to expire in July, rose by 0.3 percent to reach $83.59 per barrel
Banking & Finance
UAE’s ADNOC Drilling reports record revenue of $886 million in Q1 2024
The net profit for the quarter amounted to $275 million, reflecting a substantial 26 percent year-on-year increase
Markets
Oil prices inch lower on concerns about Chinese imports, U.S. inflation
Brent oil futures expiring in July fell 0.3 percent to $83.53 per barrel
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