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.
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.
Dubai Residential REIT's AED 2.1 Billion IPO Named Middle East's Best Listing
Dubai Residential REIT's AED 2.1 billion IPO was named the Middle East's best listing after attracting AED 56 billion in demand.
Arcapita and Hines Explore GCC Industrial and Logistics Investment Platform
Arcapita and Hines are exploring a platform to invest in industrial and logistics real estate across the GCC amid rising demand.
How a Bet on a ‘Niche’ Memory Chip Helped SK Hynix Challenge Samsung’s Dominance
SK Hynix transformed itself from a struggling memory maker into an AI leader through an early bet on high-bandwidth memory chips.
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