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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...

Oil falls more than 2% as traders price in easing geopolitical tensions, while differentials for heavy crude see sharp movements.

Business Staff Writer -
Crude futures decline in late Asian trading as markets price in easing geopolitical risks. Oil futures fell broadly in late Asian trading on Thursday as...

UAE’s first large-scale methanol plant obtains $2 billion financing package

Business Staff Writer -
Financial close brings the TA’ZIZ methanol project in Ruwais closer to its targeted 2028 start-up. Dubai: TA’ZIZ has secured $2 billion in financing for the...

Enercap to build a 36GW energy storage battery facility in Abu Dhabi

Business Staff Writer -
Enercap is expanding its advanced battery manufacturing capacity to support growing demand for clean energy solutions. ABU DHABI: Enercap, a subsidiary of Apex Investment PSC,...
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