First Abu Dhabi Bank has partnered with Water.org and WaterEquity by investing in an impact fund supporting global water security efforts. The bank becomes the first commercial institution in MENA region making such an investment as part of its sustainability…
Saudi Arabia’s Ministry of Finance has welcomed an International Monetary Fund staff report highlighting economic resilience following their latest consultation mission. The IMF cited recent growth figures alongside reforms under…
Aluminium Bahrain (Alba) has agreed to acquire France’s largest aluminium smelter for USD 2.2 billion following an MoU signed with Bpifrance during the Choose France Summit. The deal includes significant…
ADNOC has introduced a heavy-duty inspection robot at its Taweelah plant aimed at boosting safety during hazardous tasks. The company plans further advancements with a new operator robot capable of…
Moody’s has affirmed Saudi Arabia’s credit rating at Aa3 with a stable outlook. The agency cites strong economic fundamentals and progress on reform initiatives such as Vision 2030.
First Abu Dhabi Bank says it has mobilised AED 381 billion for sustainable finance from 2022–25. The bank’s new report details support for renewable energy projects and electric vehicle adoption as part of…
QatarEnergy has signed a Memorandum of Understanding with Egypt’s government and ExxonMobil. The deal focuses on exploring ways to develop Cypriot gas discoveries using Egyptian export facilities. Officials say this…
Dr. Sultan Ahmed Al Jaber emphasized new infrastructure investment and protecting freedom of navigation as key steps toward stronger global energy systems during his remarks with Atlantic Council leaders on…
QatarEnergy has acquired stakes in three offshore exploration blocks in Uruguay from BG International Limited. The move marks its first entry into Uruguay’s upstream sector. Company officials say they look…
Khalid Bawazier led Saudi Arabia’s delegation at a key G20 finance meeting in Florida. Discussions focused on sustainable growth, sovereign debt issues, and strengthening international cooperation amid global challenges.
Sheikh Khaled bin Mohamed bin Zayed chaired a meeting at ADNOC headquarters focusing on project updates including a major pipeline expansion. The session emphasized supporting local industry through Made in…
ADNOC has announced new collaboration agreements with Indian partners focused on expanding crude oil storage capacity and LPG trading opportunities. The deals were formalized during a meeting attended by leaders…
First Abu Dhabi Bank has launched the Payit Universal Account targeting underserved communities in the UAE. The new digital solution aims to broaden access to essential banking services while supporting…
Saudi Minister of Finance Mohammed Aljadaan led Saudi Arabia’s delegation at a virtual meeting with other Gulf Cooperation Council finance ministers. The group discussed economic cooperation, customs union progress, regional…
The National Debt Management Center has closed its May 2026 sukuk issuance worth over two billion riyals. Five tranches were offered, each with different maturity dates ranging from five to…
Aluminium Bahrain B.S.C. (Alba) reported a significant rise in profits for Q1 2026 despite lower production volumes caused by regional disruptions impacting shipping routes and operations. Chairman Khalid Al Rumaihi…
QatarEnergy has signed an agreement with TotalEnergies, ConocoPhillips, and the Syrian Petroleum Company for offshore oil and gas exploration near Syria. The deal focuses on evaluating Block 3 in Mediterranean…
Austrian Chancellor Christian Stocker visited ADNOC headquarters during an official trip to the UAE on May 8. The visit highlighted ongoing collaboration between Austria and Abu Dhabi National Oil Company…
The Saudi Ministry of Finance has named HSBC as a new primary dealer for government local debt instruments. This move is intended to strengthen financial sector institutions under Vision 2030…
Saudi Energy has released its financial results for Q1 ending March 31, 2026. Revenue grew while profits improved significantly over both prior-year and prior-quarter figures. Operational efficiency gains and higher demand were…
Fitch Ratings has reaffirmed First Abu Dhabi Bank’s AA- credit rating with a stable outlook. The agency cited strong capitalisation, robust liquidity ratios, and systemic importance within both Abu Dhabi…
TA’ZIZ and Alpha Dhabi Holding have signed a major agreement targeting $10 billion investment for chemical production expansion in Abu Dhabi. The deal aims to boost local industry under UAE’s…
Saudi Energy Company reported significant increases in both revenue and net profit for Q1 2026 amid rising electricity demand across the Kingdom driven by economic development projects population growth expanding asset…
TA’ZIZ and Alpha Dhabi Holding have signed a $10 billion agreement aimed at expanding chemical production in Abu Dhabi’s Al Ruwais Industrial City. The partnership targets up to 14 new…
SABIC has launched its new ULTEM SU3102P reactive oligomer designed for aerospace composites. The product aims to improve durability while allowing higher loading levels than previous solutions. It has been…
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