Fertiglobe is the world’s largest seaborne exporter of urea and ammonia combined. Photo: Fertiglobe
Fertiglobe aims for long-term contracts after Adnoc deal

Adnoc will transfer its stakes in all current and future low-carbon ammonia projects, including two in Abu Dhabi, to Fertiglobe

October 18, 2024
The Gulf region has hosted several large IPOs in the past few years, with its capital markets benefiting from high energy prices and business-friendly regulations. Photo: Syed Basheer Ahmed
OQ's E&P subsidiary raises $2 billion in Oman’s largest IPO

The company’s shares are expected to start trading on the Muscat Stock Exchange on October 28

October 17, 2024
Fuel storage tanks in Boston, Massachusetts, US. The IEA has projected an 'overhang' of oil and liquefied natural gas supply. EPA
Energy prices to fall on shift from oil and gas, says IEA

At current pace, low-emission sources will generate more than half of the world's electricity by 2030, agency says

October 16, 2024
The Daxing district in Beijing. China plans to 'significantly increase' government debt issuance to provide subsidies for people with low incomes. EPA
Opec says China stimulus plan could boost oil demand

Country has announced several stimulus measures since last year to address its slowing economy

October 14, 2024
Chart of the Week: Environmental cost of Gaza war
The environmental cost of the Gaza war

Debris containing unexploded ordnance and harmful substances can pose deadly threat

October 08, 2024
After a year of conflict, the fog of war in Israel and Gaza has emerged as a serious environmental problem on top of the humanitarian disaster threatening the Middle East. Illustration: Deepak Fernandez
The hidden cost of Israel-Gaza war takes toll on climate change

The year-long war heavily adds to military action responsible for at least 5.5 per cent of global emissions

October 07, 2024
Nearly a third of the GCC’s aluminium production is exported to the US and the EU. Photo: EGA
Gulf states in race to make low-carbon metals as EU carbon tax looms

Regional companies' shift to green aluminium and steel will give them an advantage, experts say

October 05, 2024
The Garadagh Solar PV Plant built and operated by Masdar in Baku, Azerbaijan. Pawan Singh / The National
Masdar likely to issue new green bond in 2025, says finance chief

Mazin Khan says green bonds will remain pivotal to the clean energy company’s future funding strategy

October 03, 2024
Suhail Al Mazrouei, the UAE's Minister of Energy and Infrastructure. EPA
UAE minister: Opec+ does 'noble job' balancing oil market

Opec+ did not make any changes to its production policy after a panel meeting on Wednesday

October 02, 2024
Smoke rises as a result of Israeli air strikes in southern Lebanon. EPA
Oil rises 3% after Iran launches missile attack on Israel

Nasdaq drops more than 1 per cent as tension in Middle East increases

October 01, 2024
Adnoc's headquarters in Abu Dhabi. The acquisition of Covestro is a 'key pillar of Adnoc International’s growth strategy', the company says. Victor Besa / The National
Adnoc to acquire Covestro for $16bn to become global chemicals major

Agreement marks the biggest cross-border deal by a UAE company yet

October 01, 2024
An Enoc gas station in Dubai. Fuel prices in the UAE will decrease in October. Pawan Singh / The National
UAE petrol and diesel prices to hit two-year low

Motorists in the Emirates will pay less at the pump

September 30, 2024
The UAE introduced the federal corporate tax with a standard statutory rate of 9 per cent starting from the financial year beginning on or after June 1, 2023. Antonie Robertson / The National
FTA extends tax filing deadline for new businesses

Companies with tax periods ending on or before February 29, 2024 now have until December 31 to file their return

September 29, 2024
A number of countries have set out goals to have more zero-emission vehicles on their roads by the next decade. AFP
Why Oman's plan to sell only zero-emission cars could lead the Gulf

The sultanate needs to boost its infrastructure and create stronger incentives to stay competitive in the EV race

September 28, 2024
A Petronas gas station in Kuala Lumpur, Malaysia. Getty Images
Malaysia's Petronas wins new exploration concession in Abu Dhabi

This is the third exploration concession granted to the company in the emirate

September 26, 2024