UAE Awards ADNOC and Partners Concession to Develop Bab Gas Cap Project
Abu Dhabi awarded ADNOC and its partners the Bab Gas Cap concession, a project expected to produce 1.5 Bcf of gas per day.
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Oil Drops Below $70 as Middle East Supply Fears Ease, While Fuel Markets Remain Tight
Oil fell below $70 a barrel as Hormuz traffic resumed and US-Iran talks progressed, while diesel and heating oil markets remained relatively tight.
Gold Slides Toward Multi-Month Lows as Stronger Dollar and Easing Geopolitical Risks Pressure Safe-Haven Demand
Gold fell to around $4,025 an ounce, losing nearly 12% in a month as a stronger US dollar and easing geopolitical risks weighed on safe-haven demand.
Bahrain Inflation Climbs to Two-Year High as Food Prices Rebound
Bahrain's annual inflation accelerated to 2.3% in May, the highest in two years, as food prices rebounded and transport costs remained elevated.
GCC Equities Edge Higher as UAE Markets Lead Regional Gains
UAE equities led gains across GCC markets, with Dubai rising 0.44% and Abu Dhabi up 0.26%, while Saudi Arabia and Kuwait also traded higher.
US Diesel Prices Fall Below $5 a Gallon as Easing Oil Costs Relieve Inflation Pressures
US diesel prices fell below $5 a gallon for the first time since March, easing inflation concerns as oil prices retreat from wartime highs.
Etihad Energy Holding Advances Plans for Fujairah Euro 5 Gasoline Refinery
Etihad Energy Holding said its planned Fujairah refinery could require up to $350 million in investment and process 15,000 barrels per day.
Japan's Nikkei Falls for Second Straight Session as Tech Selloff and BOJ Rate Signals Weigh on Sentiment
Chip Stocks Drag Wall Street Lower as Doubts Grow Over AI Spending Returns
UAE Opens Subscription for First Government Treasury Sukuk Program for Retail Investors
Dubai Residential REIT's AED 2.1 Billion IPO Named Middle East's Best Listing
Arcapita and Hines Explore GCC Industrial and Logistics Investment Platform
ADX Lists First Multi-Market GCC Shariah Dividend ETF as Regional ETF Market Accelerates
Australia Inflation Slows to Three-Month Low as Fuel Pressures Ease
Bank of Japan Signals Further Rate Hikes as Inflation Moves Toward Target
Canada Inflation Hits Highest Level Since 2023 as Gasoline Prices Surge
Shell Challenges the EV Rulebook With ‘Triple 10’ Concept Car
Iran Closes Hormuz Again as Lebanon Tensions Strain US-Iran Deal
UK and Japan Deepen Economic Partnership With More Than $24 Billion in Energy and Technology Investments
Brent Falls Below $77 as US-Iran Progress Eases Oil Supply Fears
Oil Falls More Than 3% After US Temporarily Allows Sales of Iranian Crude
Iraq Moves to Restore Oil Output Above 3 Million Bpd After US-Iran Deal Reopens Hormuz
Binance on the Brink of EU Market Exit Ahead of July 1 MiCA Deadline
Bitcoin Climbs Above $64,500 as Middle East Peace Hopes Improve and SpaceX Reveals $1.29 Billion BTC Reserve
Bitcoin Inflows Slow as Investors Shift Capital Toward AI Opportunities, Bernstein Says
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