Delhi Metro has announced an ambitious Rs 48,000-crore expansion plan, which includes the development of 7 new corridors and 65 additional stations. This significant project aims to enhance the city's public transportation network.
Abu Dhabi's state energy group, Adnoc, plans to invest tens of billions in building a US gas business. This move accelerates its diversification efforts, partly driven by the ongoing instability in the Middle Eastern energy industry, including the Iran war.
Stock-market futures were down Sunday evening, suggesting investors were bracing for a sharp drop in major indexes after weekend talks between the U.S. and Iran failed to open the Strait of Hormuz and led President Donald Trump to announce a blockade of the crucial waterway.
Der ehemalige Nationale US-Sicherheitsberater, Jake Sullivan, hält es für möglich, dass Donald Trump in der Straße von Hormus ein gemeinsames Mautkonsortium mit dem Iran anstrebt und die…
The IDF has confirmed eliminating Alireza Tangsiri, commander of the Iranian Revolutionary Guard Corps Navy, who was responsible for the Strait of Hormuz blockade, while US President Donald Trump has urged Iran's negotiators to engage fully before it's too late.
Global stock exchanges, including those in India, other Asian markets, and the US, saw significant gains and oil prices cooled after Donald Trump announced a halt to military strikes on Iran and indicated talks, easing geopolitical tensions.
President Donald Trump has reiterated his 48-hour ultimatum to Iran to reopen the Strait of Hormuz, threatening to 'obliterate' its power plants and energy infrastructure. Tehran has warned it will respond with attacks on U.S. and Israeli energy targets if its facilities are targeted and stated the strait is open to all except "enemy" ships.
US says its firepower will ‘surge dramatically’ and IDF warns of ‘surprises ahead’, as Iran launches retaliatory strikes
Middle East crisis – live updates
Israel and the US have bombarded Iran and…
UAE's national oil company, ADNOC, has committed to investing $55 billion in new projects by 2028. This significant spending plan is set to accelerate post-OPEC, focusing on expanding its operations.
The Abu Dhabi National Oil Company (ADNOC) is in advanced discussions to acquire Shell's downstream assets in South Africa, including 600 petrol stations. This potential $1 billion deal could significantly reshape South Africa's fuel retail sector and deepen Gulf investment ties.
Τα Στενά του Ορμούζ είναι κλειστό και το Ιράν πρέπει να το ανοίξει χωρίς όρους και να θεωρηθεί υπεύθυνο για τις ζημιές μετά από επιθέσεις σε εγκαταστάσεις, λέει ο Διευθύνων…
HAE: Ο CEO της…
OMV and Adnoc have announced the appointment of a new management team for their joint plastics venture, Borouge Group International, with the fusion expected to be completed by the end of March.
CEOs from major oil companies, including Aramco and Kuwait Petroleum, have canceled their attendance at a US energy conference, with ADNOC's Jaber opting to attend virtually, signaling potential impacts from current global tensions.
The Emirati national oil company Adnoc has suspended crude oil loadings at the port of Fujairah following an incident involving an explosion caused by multiple drones.
The Ruwais oil refinery in the United Arab Emirates suspended production due to a drone attack near the facility, as reported by AFP. This incident led to the shutdown of one of the world's largest refineries.
The Adnoc boss and UAE minister Al Jaber met with Japan's Sanae Takaichi, emphasizing that energy security remains a priority but could be jeopardized by any disruption in the Strait of Hormuz.
The $500 million Russian superyacht Nord, owned by sanctioned oligarch Alexey Mordashov, successfully navigated the Strait of Hormuz. Its passage occurred despite international sanctions and a perceived blockade, raising questions about its ability to move freely.
The CEO of Abu Dhabi's state oil company, ADNOC, Sultan Al Jaber, warned that 600 million barrels of oil are blocked in the Strait of Hormuz, stating the global economy cannot endure further uncertainty regarding the waterway.
Bernstein has identified ADNOC Gas and Fertiglobe as top investment picks within the Middle East and North Africa (MENA) energy sector, according to its latest market analysis.
OMV and its Arab core shareholder ADNOC have finalized the long-negotiated merger of their chemical divisions, creating the new Borouge Group International AG, now one of the world's largest plastics producers and petrochemical conglomerates, with its headquarters in Vienna.
The ongoing Iranian blockade of the Strait of Hormuz continues to severely impact global energy markets, with Kuwait warning of a catastrophic economic domino effect. Iran's Foreign Minister and Ministry of Foreign Affairs have stated that the Strait remains open to ships from nations not backing US-Israeli aggression, communicating this to the UN. The tightened global fuel supply is particularly affecting Asian nations and causing shortages for fuel retailers in Kenya, leading to increased reliance on coal and raising concerns about potential plane groundings, as European Commission President Ursula von der Leyen highlights a 'critical energy situation.'
Oil markets, currently closed for the weekend, could face significant price fluctuations next week, as it is still unclear what impact US and Israeli strikes will have…