Iran war derails South African economy as GDP shrinks in second quarter
The GDP contracted 0.2%, mainly driven by output falls in the mining...
Strait of Hormuz
Iran effect: Equinor to accelerate work on Tanzania LNG export plant
The massive Tanzania gas deposit, as per the East African country's estimates,...
AD Ports Group gets acquisition offer from Abu Dhabi’s sovereign investor
The L’IMAD's offer comes with a lucrative 25% premium to the one-month...
Geopolitics takes toll on ADNOC Gas as Q2 profit falls 52%
The company fall back on its domestic market, with USD 1 billion...
Iran war hammers Saudi economy as GDP sees largest post-COVID contraction
Overall GDP shrank 4.8% in the three months through June, compared with...
ECB keeps interest rates unchanged, September hike likely amid geopolitical volatility
The return of oil prices to USD 100 per barrel, along with...
UAE’s $150 billion bet: Reshaping post-OPEC oil market
Freed from OPEC quotas, Abu Dhabi is building the pipelines, terminals, and...
Hormuz: The Strait that shook the shippers
After a 110-day blockade at the Strait of Hormuz, the shipping industry...
Lessons from Iran war? Saudi mulls expanding oil pipeline to Red Sea
The East-West pipeline, which was built in the early 1980s, has become...
Geopolitical fallout: UAE’s non-oil sector experiences weakest June in three years
Dubai's PMI fell to 50.7 in June, from 52.0 in May, representing...