Iran war wipes $120bn off Dubai, Abu Dhabi stock markets.
The United Arab Emirates’ stock markets in Dubai and Abu Dhabi have lost around $120bn in value since the start of the […]
UAE Investment Firm Buys U.S. Midstream Gas Assets for $2.25 Billion.
2PointZero, an Abu Dhabi-based investment company focused on energy infrastructure, has signed a deal to buy 100% in U.S. firm Traverse Midstream […]
Gold finds footing near US$4,500 as Iran War enters fifth week.
Gold extended its first weekly gain since the Middle East conflict began, as dip-buyers supported prices while the market awaited clarity on […]
Kenya launches bid for investors to develop $62 billion rare earth site eyed by US, China.
In a gazette notice dated March 24, Mining Cabinet Secretary Ali Hassan Joho invited qualified firms to submit expressions of interest to […]
Nigeria’s State oil giant eyes New York, London IPO as $20 billion project signals investor revival.
Speaking at the recent CERAWeek by S&P Global conference in Houston, Group Chief Executive Officer Bayo Ojulari said the company is prioritising […]
Crude oil drives higher as traders brace for longer Mideast war.
Oil pushed higher on Friday as traders braced for the Iran war potentially stretching into April and attacks continued across the Middle […]
Big Oil to reap billions from Iran war windfall after month of soaring energy prices.
As Big Oil executives gathered this week and discussed the biggest-ever disruption to global energy supplies due to the war in Iran, there was one impact […]
Iran Earning $139 Million a Day From Oil as Hormuz Crisis Locks Out Rivals.
Iran’s oil exports have not collapsed and are fetching much higher prices than before the war, handing Tehran handsome extra revenues from […]
Venezuela Oil Production Climbs to 1.1 Million Bpd.
Venezuela produced an average of 1.1 million barrels of crude daily this month, up from 942,000 barrels daily in February, according to […]
Africa’s third-largest oil producer to sell $2.5 billion of Eurobonds as oil surges.
Angola is set to raise $2.5 billion through the sale of dollar-denominated bonds, betting that higher oil prices driven by the Iran–Israel […]
Saudi Oil Exports to China and India Set to Fall Amid War Disruptions.
Saudi crude oil exports to its two biggest clients, India and China, are on course to decline in April because of the […]
Oil Prices Tumble Back Below $100 on Ceasefire Optimism.
Oil prices fell sharply in early asian trade on Wednesday, with both major benchmarks dropping more than 5% as traders reacted to […]