Tag: oil

Oil jumps nearly 8% to above $102 ahead of US blockade on Iran

LONDON: Oil prices ​jumped back above $102 a barrel on Monday as the US Navy prepared to block ships to and from Iran via...

Saudi economy grows 4.5% in 2025 as oil, non-oil sectors accelerate 

RIYADH: Saudi Arabia’s real gross domestic product expanded by 4.5 percent year on year in 2025, driven by strong growth in both oil and non-energy activities,...

From Oil to Roller Coasters: How Tourism Is Redefining the UAE Economy

Twenty years ago, mention the UAE and people thought oil wells and maybe that sail-shaped hotel. Today it's visitors, not barrels, driving the revenue. Federal...

GASTAT: Non-oil Exports Increase by 10.5% in Q2 2024

The General Authority for Statistics (GASTAT) issued today the International Trade Publication for Q2 of 2024.According to the publication, non-oil exports increased by 10.5%...

Oil set for weekly loss despite gain on OPEC+ output decision

Oil prices rose on Friday after the OPEC+ group's decision to keep its production policy unchanged, but benchmarks remained on track for weekly losses...

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Sharjah Islamic Bank rights issue oversubscribed by 3.2 times

This successful capital raise further strengthens SIB’s capital base...

UAE: MoHESR reviews 1,976 advertisements, conducts 72 inspection visits in Q1 2026

The initiative aims to ensure the quality of higher...

Forget vibrant shades, Apple’s foldable iPhone Ultra to launch in few colours

Get ready for Apple's first foldable iPhone, the Ultra,...

ADPIC launches unified governance framework to accelerate infrastructure delivery across Abu Dhabi

The Abu Dhabi Projects and Infrastructure Centre (ADPIC) has...

Agthia Group reports 12.5% net profit growth

Agthia Group PJSC announced a strong performance for...