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FOR OIL MARKET STABILITY
OPEC+ nations agree production adjustment of 411,000 bpd in July
The eight OPEC+ countries which previously announced additional voluntary adjustments in 2023 - namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria and Oman - have reached an agreement on 411,000 bpd production adjustment for July.
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21,000 NEW ROOMS PLANNED
Hilton set to hit 100 hotels milestone in Saudi Arabia
Hilton has announced that it is on track to operate and pipeline 100 hotels in Saudi Arabia by year-end as it accelerates its expansion in the kingdom. Multiple new signings are on the anvil with plans to add more than 21,000 rooms across the country.
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'OIL DEMAND STAYS STRONG'
Aramco plans more borrowing to fund growth: CEO
Saudi Aramco is targeting more borrowing to finance growth and better leverage its balance sheet, Chief Executive Officer Amin Nasser said, as the world’s biggest oil exporter raised $5 billion in bonds this week.
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INSIGHT
Ten steps for a healthy Hajj pilgrimage
Hajj is one of the world’s largest and most spiritually profound gatherings, drawing millions of pilgrims from across the globe. With such vast numbers in close proximity, it is essential for pilgrims to prioritise their health and safety.
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Five factors reshaping global LNG trade and contracts
Despite a temporary truce, the sweeping tariffs introduced by the Trump administration against multiple trading partners are set to have far-reaching consequences, including significant implications for global LNG markets, said an expert.
Top Trade News
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Egis lands big Riyadh Integrated Phase 1 Infrastructure role
Egis, a global leader in architecture, construction engineering and consulting, has announced that it has been signed up as a Package Administration and Supervision Consultant for the Phase 1 infrastructure works at the Riyadh Integrated Project.
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Union Coop opens new Al Khawaneej Mall in Dubai
The UAE's Union Coop has inaugurated its latest project, Al Khawaneej Mall, located in Al Khawaneej 2, Dubai.
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Schneider Electric showcases AI-powered digital grid platform
Schneider Electric, a global leader in the digital transformation of energy management and automation, is showcasing its latest innovations in grid modernisation and utilities digitalisation at the World Utilities Congress 2025 in Abu Dhabi.
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NBB Group first in region to activate Wire 365 from J.P. Morgan Payments
The National Bank of Bahrain Group (NBB Group) has become the first in the Middle East and Africa region to use J.P. Morgan Payments’ Wire 365 solution, which offers USD clearing services 365 days a year.
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Ten steps for a healthy Hajj pilgrimage
Hajj is one of the world’s largest and most spiritually profound gatherings, drawing millions of pilgrims from across the globe. With such vast numbers in close proximity, it is essential for pilgrims to prioritise their health and safety.
More…
Power International opens Fujairah’s first limestone production facility
Power International, a UAE-based mining company, has announced the opening of its new limestone plant in Fujairah with a 120,000 tonnes per year capacity. It plans to double the production with a second production line by 2026.
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Global tourism numbers up 5% in Q1, modest growth in ME
Over 300 million tourists travelled internationally in the first three months of 2025, about 14 million more than in the same months of 2024, according to the May 2025 World Tourism Barometer from UN Tourism.
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Malaysia granted sovereignty over Bahrain cloud subscriber data
Malaysia has been granted full sovereignty over subscriber data hosted in Bahrain cloud computing centers; a move that highlights the mutual trust between the two nations. A key milestone it will help foster strategic collaboration in the digital economy.
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Active Abu Dhabi launches programme to community well-being
Active Abu Dhabi, an initiative by Emirates Foundation, has launched a programme named Misrah, a programme to promote national identity and community well-being.
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Porsche Centre Oman, Shell Oman expand EV charging infrastructure
Porsche Centre Oman, SATA, has announced a partnership with Shell Oman Marketing Company (Shell Oman) to significantly increase the roll-out of electric vehicle (EV) chargers across Oman.
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King Faisal Hospital gets ISO certification for 3D printing services
King Faisal Specialist Hospital & Research Centre (KFSHRC) has earned ISO certification for its 3D Printing Services Department. It represents the highest global standards for quality management systems in the design and manufacture of medical devices.
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AlUla unveils its key cultural heritage sites at Paris garden show
The ancient oasis city of AlUla in Saudi Arabia made its debut at Jardins Jardin annual garden event in Paris’ Bois de Boulogne - targeting a high-end discerning segment. It will showcase key landscapes and rich cultural heritage at the four-day show.
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Vatel Bahrain holds roadshow across Saudi Arabia
Vatel Bahrain has concluded a strategic roadshow across Saudi Arabia aimed at promoting its internationally recognised academic programme and expanding student recruitment from one of the region’s most promising education markets.
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Muscat Municipality, Jindal Steel celebrate Oman’s tallest flag
Oman has officially hoisted its tallest national flag, an enduring symbol of strength, unity, and pride. Located at Al Khuwair Square, the 126-m-tall flagpole is supported by a robust foundation system.
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