Arab Economy
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Kurdistan Iraq Oil Production Resumes After Drone Attacks, Reaches 230,000 Barrels Per Day
Kurdistan Iraq oil production has resumed after weeks of disruption, with regional officials saying output has recovered to between 220,000…
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Mokha Port suspends commercial operations after Houthi attacks, losses of $16 million
Mokha Port hit by 25 Houthi rockets, suspends operations.. heavy financial losses The director of Yemen’s Mokha Port announced…
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Saudi Aramco closes Jizan refinery (400,000 bpd) after Houthi attack
Houthi attack on Saudi Aramco: Refinery affected in July 25 attack, repairs target mid-August restart Saudi Aramco closed its…
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Libyan banks join China’s CIPS system to reduce dollar reliance
CIPS system: Agreement between Libya’s Central Bank and China’s People’s Bank includes Libyan banks joining cross-border payment system, Libyan investments…
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Gulf Stock Markets Slip as U.S.-Iran Talks Keep Investors on Edge
Most Gulf stock markets closed lower on Sunday despite positive economic data from Saudi Arabia, as stalled indirect talks between…
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Abu Dhabi Fund Injects $2.6B Into Jordan Development
UAE investments in Jordan drive strategic development projects The United Arab Emirates continues to strengthen its development cooperation with…
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ADNOC pipelines.. UAE’s alternative to bypass the closed Hormuz Strait
ADNOC pipelines target 5 million barrels per day of production capacity The UAE seeks to enhance its ability to…
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Libya regains control of Ras Lanuf refinery after dispute lasting more than a decade with UAE company
Ras Lanuf oil complex: Ending a partnership that lasted since 2009 between Libya and a UAE company The National…
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The Port That Broke Hormuz.. Fujairah Emerges as Gulf Trade Lifeline
New Gulf Trade Lifeline Fujairah and Khorfakkan ports are rapidly emerging as the Gulf’s critical trade gateways as disruption spreads…
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UAE exits third oil alliance in one week: Abu Dhabi dismantles OPEC and OAPEC pacts in days
UAE withdrawal from OAPEC, effective May 1.. and Abu Dhabi dismantles oil alliances in one week The UAE announced…
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