Iran will restore commercial shipping through the Strait of Hormuz to pre-war levels within a month as per the draft of an initial unofficial framework for a memorandum of understanding with the United States, a Reuters report quoting Iran's state TV said.
Sustainability Forum Middle East (SFME), in partnership with Tabreed Bahrain and Boston Consulting Group (BCG), has announced a line-up of high-level speakers for its upcoming round-table on “Accelerating Energy Efficiency Delivery under Bahrain’s National Energy Strategy.”
Aramco and Petronas signed an agreement for Petronas to acquire Aramco’s equity stakes in Pengerang Refining Company and Pengerang Petrochemical Company (PRefChem), located within the Pengerang Integrated Complex in Johor, Malaysia.
China’s installed power-generation capacity rose 14.2 per cent year-on-year to 3.99 billion kW by April-end, led by strong renewable growth, with solar capacity jumping 26.2 per cent to 1.25 billion kW and wind power increasing 22 per cent to 660 million kW.
ZOE Energy Storage has signed a joint venture with a Saudi partner to build the country's first world-class battery energy storage system manufacturing facility.
Arabian Pipes Company (APC) has announced the signing of a contract with Saudi Aramco for the manufacturing and supply of steel pipes, with a total value of around SR48 million ($12.83 million).
Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, has announced another record year reflecting the strong performance of its portfolio companies and the successful implementation of the group’s strategy.
The conflict in the region has prompted the UAE to fast-track a series of alternative trade and logistics projects that were already under development, as the country moves to safeguard supply chains and reinforce its position as a global trade hub, according to Dr Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade.
The gross domestic product (GDP) of the GCC states reached approximately $2.4 trillion in 2025, positioning the council's economies among the world's influential economic powers, according to data issued by the Gulf Statistical Centre (GCC-Stat).
The value Bahrain’s non-oil imports decreased by 17% and non-oil of exports (national origin) decreased by 10% in the first quarter of 2026, according to the Foreign Trade report released by the Information & eGovernment Authority (iGA).
