The heads of the International Energy Agency, International Monetary Fund, and World Bank on Wednesday said they will form a coordination group to maximise their response to the significant economic and energy impacts of the war in the Middle East.
Saudi-based ASG Plastic Factory Company has announced that it has won approval from its board of directors to increase the capital of its wholly-owned subsidiary, ASK Pipes Company, to SAR15 million ($4 million) from SAR250,000 ($66586), registering nearly a sixty-fold rise.
Saudi Arabia's Ministry of Municipalities and Housing (MOMAH) and the National Center for Privatization & PPP (NCP), have announced the launch of the Expression of Interest (EOI) for the Municipal Food Safety Labs Operation Project under a PPP framework (equip-operate-maintain-transfer).
Sadara Chemical, a joint venture between Saudi oil giant Aramco and US chemicals firm Dow, has announced that it has temporarily shut down production at its parent-operated plant. Sadara Chemical operates a complex in Jubail with an annual production capacity of 3 million MT of chemicals and plastics.
African Export-Import Bank (Afreximbank) has underwritten $2.5 billion in the $4-billion senior syndicated term loan in favour of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP).
Adnoc Distribution announced shareholders approved all AGM agenda items, including a $350 million (AED 1.28 billion) final cash dividend for H2 2025, equal to 10.285 fils per share, payable in April 2026.
US President Donald Trump has lashed out at allies for not getting further involved in the Iran war, telling them to go to the Strait of Hormuz to take their own fuel and securing the strait is "not for us."
Oman’s Authority for Public Services Regulation (APSR) will implement three energy projects—renewables, battery energy storage systems, and demand response—while improving service assurance standards in 2026 to boost efficiency and reliability.
E Point Zero Holding RSC Limited (ePointZero), an Abu Dhabi-based global investment company, has entered into an agreement to acquire a 100% stake in US-based Traverse Midstream Partners, a portfolio company of The Energy & Minerals Group (EMG), in a deal valued at nearly $2.25 billion.
The International Association of Dry Cargo Shipowners (Intercargo) brought shipowners, charterers, insurers and service providers together in Athens to tackle a growing issue in dry bulk shipping - How ship-to-ship (STS) transfers are actually carried out.
