Byrne Group received nine awards at the 2026 Stevie Awards Mena, including three Gold, four Silver, and two Bronze.
The UAE Fuel Price Committee announced May 2026 fuel prices, keeping diesel unchanged to support logistics and supply chains, while petrol saw minor adjustments reflecting global trends under a flexible, transparent monthly pricing system ensuring market stability.
GE Vernova said it has received an order from Middle Delta Electricity Production Company (MDEPC), an affiliate of Egyptian Electricity Holding Company (EEHC), for upgrades and services at MDEPC’s Bahna and Nubaria power plants in Egypt.
Borouge, an Abu Dhabi–based petrochemicals company, reported $1.2 billion revenue, $343 million EBITDA and $156 million profit in Q1 2026. Production hit 1.21 million tonnes at 98 per cent capacity, while 61 per cent of March output was rerouted amid Strait of Hormuz logistics disruptions.
End-of-life batteries are expected to surge from mid-2030s, driving recycling innovation. Patent activity in battery circularity grew 42 per cent annually (2017–2023), far outpacing overall battery manufacturing and global technical fields, according to a study by European Patent Office and International Energy Agency.
Oil prices continued to climb on Thursday with no sign of easing, as markets priced in a prolonged supply squeeze from the Middle East following stalled negotiations and firm signals from Donald Trump that the blockade on Iran will remain in place.
Dubai Electricity and Water Authority (Dewa) has announced that it has set a new world record for the lowest electricity customer minutes lost (CML), at just 0.82 minutes (about 49 seconds) per year. With this, the Dubai utility has surpassed its own previous world record of 0.94 minutes in 2024.
Direct Travel has expanded its Avenir platform across Energy, Marine, and Mining divisions via ATPI, offering a unified global model for executive and project travel that complements existing specialist workforce and logistics solutions.
Gulf Petrochemicals and Chemicals Association (GPCA) signed an MoU with IRU, the world road transport organisation, to improve cross-border transport of dangerous goods. The partnership focuses on safety, efficiency, sustainability, training, and fuel efficiency.
Saudi Basic Industries Corporation (Sabic), a global leader in chemicals, returned to profit in the first quarter of 2026, posting a net profit attributable to shareholders of SAR13.2 million ($3.52 million) compared with a SAR1.21 billion ($322 million) loss a year earlier, according to the company's Tadawul filing.
