AWR Trading, part of AW Rostamani Group (AWR Group), has signed an exclusive distribution agreement with Blaupunkt, the German provider of AC and DC electric vehicle charging solutions, to support the expansion of EV charging infrastructure across the UAE.
Adnoc Distribution, a mobility and convenience retailer in the UAE, reported strong financial and operational performance in the first quarter ended March 31, 2026, with record Q1 EBITDA at $307 million (+11.7 per cent year-on-year; YoY) and net profit at $210 million (+20.7 per cent YoY).
Countries striking side deals with Iran to secure oil and gas shipments through the Strait of Hormuz are raising fresh concerns among Gulf exporters, as the lack of progress in US-Iran peace talks fuels fears that Tehran could entrench its new control over one of the world’s most critical energy corridors.
ENKA and GE Vernova have launched commercial operations at Türkiye’s first HA-powered 852 MW Kırklareli power plant, near the Bulgarian border, marking a key milestone in modernising the country’s power generation infrastructure.
Dubai Electricity and Water Authority (DEWA), the emirate of Dubai’s exclusive electricity and water services provider, has reported a record revenue of AED6.45 billion ($1.76 billion) for the first quarter of this year.
QatarEnergy signed a memorandum of understanding with TotalEnergies, ConocoPhillips, and the Syrian Petroleum Company for cooperation in oil and gas exploration offshore Syria.
DHL Express signed a 10-year offtake agreement with SAF One to source 250,000 metric tonnes of SAF from Bahrain starting in 2028, integrating the Middle East’s first SAF facility into DHL’s global network and supporting its 2030 sustainability targets.
Adnoc Drilling is prepared to support an increase in the UAE’s oil production capacity beyond the planned 5 million barrels per day by 2027, pending approval from the government, the company’s Chief Financial Officer told Reuters.
A Reuters survey showed that oil output Opec fell to a more than 20-year low in April, dropping 830,000 barrels per day to 20.04 million bpd as Strait of Hormuz disruptions linked to the US-Israeli conflict with Iran hit exports.
Amin Nasser, President and CEO of Aramco, warned that ongoing disruptions to oil exports through the Strait of Hormuz could postpone the global oil market’s recovery until 2027, according to a report by Reuters.
