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Oil prices fall as Brent and WTI decline after three days of gains, with markets weighing weaker demand in Asia, U.S. inventory data, and...

Business Staff Writer -
Crude oil prices ease as global benchmarks pull back after a recent rally loses momentum. Oil prices fell in Asian trading on Wednesday, reversing a...

ADNOC Gas warns that any disruption in the Strait of Hormuz could impact its second-quarter earnings, even as it reported a resilient first quarter.

Business Staff Writer -
Habshan gas processing complex is expected to return to full operational capacity next year after recent disruptions caused by attacks. ADNOC Gas said on Tuesday...

Oman plans to develop a $250 million electric vehicle wiring and battery cell project in Duqm.

Business Staff Writer -
The project will be developed in two phases, with an annual production capacity of 60,000 vehicles. Oman Public Authority for Special Economic Zones and Free...

ADNOC Drilling reported a $347 million profit, driven by strong growth in its offshore and oilfield operations.

Business Staff Writer -
ADNOC Drilling reported stronger first-quarter earnings, supported by growth in its offshore drilling activity and broader oilfield services segment. Abu Dhabi: ADNOC Drilling, listed on...

UAE–Türkiye trade has nearly tripled following the CEPA agreement.

Energy Staff Writer -
Non-oil trade between the two countries surpassed $45.2 billion in 2025. Istanbul: The UAE and Türkiye are working to further strengthen their economic partnership as...
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