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Energy

The US–Iran MoU halted the oil price spike, but it has raised the market floor — Brent is unlikely to fall back to $60...

Energy Staff Writer -
Oil’s war premium has evaporated — but the US–Iran deal may have reset a higher floor for crude prices. The US–Iran memorandum aimed at ending...

Kuwait is targeting oil production of 2 million barrels per day as the Strait of Hormuz reopens, signaling a rapid supply increase in a...

Energy Staff Writer -
With “force majeure” lifted, Kuwait is preparing a phased resumption of oil supplies. Kuwait is preparing a sharp increase in oil production, with plans to...

Sweden has selected Rolls-Royce small modular reactors for its first new nuclear power plants in more than 40 years.

Energy Staff Writer -
The move expands Europe’s small modular reactor (SMR) race, with a UK-designed system securing a major deal. Sweden has chosen Rolls-Royce SMR to supply three...

Saudi mega tankers resurface after months of silence, with mysterious “dark ship” movements through the Strait of Hormuz bringing 6 million barrels into plain...

Energy Staff Writer -
After months of remaining “dark,” three Saudi supertankers have reappeared carrying a massive crude oil shipment. Three Saudi-flagged very large crude carriers (VLCCs)—Jaham, Shaden, and...

After 111 days of conflict, Iran eyes oil export boom as sanctions rollback unlocks economic gains

Business Staff Writer -
Peace deal could unlock billions in frozen assets and fuel Iran’s post-war oil resurgence. During 111 days of conflict, the US military largely avoided targeting...
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UAE-born fintech KamelPay obtains SVF and RPS licences from Central Bank of the UAE

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KamelPay supports over 2,000 businesses, including some of the...

UAE delivers 1,056 tonnes of aid to Gaza through 74 relief trucks

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Five UAE humanitarian convoys deliver food, shelter and medical...

Sharjah hotel transforms food waste into water with innovative recycling system

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Resort converts kitchen waste into irrigation water, setting a...

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