Category: Buzz | Arabian Post

Global oil demand projections for 2025 have been adjusted downward by the Organization of the Petroleum Exporting Countries , marking the first such revision

Mubadala Energy, the international energy arm of Abu Dhabi's Mubadala Investment Company, has entered the US energy sector by acquiring a 24.1% stake in

Saudi Arabia's leading petrochemical firms are projected to report significant year-on-year declines in net profits for the first quarter of 2025, reflecting ongoing challenges

Dubai has firmly established itself as a gastronomic powerhouse, securing the second position worldwide for restaurant density, trailing only Paris. With an impressive array

The 28th Dubai World Cup concluded with an extraordinary closing ceremony at Meydan Racecourse, captivating over 60,000 spectators with a pioneering display of drone,

SILQ Group, a newly established commerce platform, has secured $110 million in a funding round led by Sanabil Investments, the venture capital arm of

Goldman Sachs has increased the probability of a United States recession in the next 12 months to 45%, aligning with a wave of revised

The Emirate of Ajman has introduced a new law aimed at bolstering investment in its property sector while safeguarding investor rights and enhancing transparency.

Dubai's Roads and Transport Authority has unveiled plans to construct a 1.4-kilometre bridge connecting Bur Dubai to Dubai Islands. The bridge will feature

Saudi Arabia's Capital Market Authority has announced that foreign investors are now permitted to invest in listed companies owning real estate in Mecca

The Dubai International Aquatics Championships are set to feature the open water swimming and water polo competitions this weekend at the Hamdan Sports

President Donald Trump's declaration of "Liberation Day" introduced sweeping tariffs on imports, triggering significant upheaval in global energy markets. The administration announced a baseline

India's $32 billion gems and jewellery industry is facing a significant downturn following the United States' imposition of a 26% reciprocal tariff on Indian

Abu Dhabi's sovereign investor, ADQ, has solidified its position in the logistics sector by acquiring a majority stake in Dubai-listed courier firm Aramex. This

Dubai's ambitious Palm Jebel Ali project is witnessing a significant revival, positioning itself as a prime destination in the global luxury real estate market.

Iran's national currency, the rial, has depreciated to an unprecedented low, trading at 1,039,000 rials per U.S. dollar on Tuesday. This significant decline underscores

The Central Bank of the United Arab Emirates has imposed financial sanctions totalling 2.62 million dirhams on five banks and two insurance

The United Arab Emirates has announced an unprecedented commitment to invest $1.4 trillion in the United States over the next decade, marking a

The United Arab Emirates property market is witnessing a notable influx of foreign institutional investors, marking a significant shift from its earlier reputation

A major fire at an electrical substation in Hayes, west London, has led to the complete closure of Heathrow Airport, causing widespread disruption to

The United States Federal Reserve's monetary policy decisions have a direct impact on the United Arab Emirates' financial landscape, owing to the dirham's peg

The consulting industry in the Gulf Cooperation Council is projected to reach a valuation exceeding $8 billion this year, marking a 12% growth

Dubai's Crown Prince, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has enacted Executive Council Resolution No. of 2025, enabling free zone companies

Goldman Sachs has adjusted its oil price forecasts, citing a confluence of factors including escalating global supply and a decelerating U.S. economy. The investment

Gold prices have soared past the $3,000 per ounce mark for the first time, reflecting investors' flight to safety amid escalating global economic uncertainties.

Shareholders of Gulf Navigation Holding PJSC have approved the company's AED 3.2 billion acquisition of Brooge Energy Limited , a NASDAQ-listed oil refining

AIQ, a subsidiary of Presight, has secured a $340 million contract from Abu Dhabi National Oil Company to deploy its ENERGYai platform and

Abu Dhabi's Mubadala Investment Company has finalized the sale of its indirect stake in Calisen, a leading UK provider of smart meters and small-scale

The Government of Ras Al Khaimah has successfully launched a $1 billion 10-year Regulation S benchmark sukuk, marking a significant development in the

In a strategic move that underscores Egypt's global cultural ambitions, Khaled El-Enany has emerged as the nation's latest candidate for the prestigious UNESCO Director-General

Sukuk issuance is projected to decline in 2025 following a record-setting year in 2024, driven primarily by reduced refinancing needs from key sovereigns in

The Organization of the Petroleum Exporting Countries is grappling with increasing difficulties in managing its surplus oil production capacity, currently estimated at six