Bahrain's Fuel Pricing and Monitoring Committee has announced fuel prices for the local market for May, in line with the approved pricing mechanism and reflecting global market changes.
For ADNOC’s portfolio of listed companies, the UAE’s decision to conclude its membership of OPEC and OPEC+ removes a constraint that has historically limited how investment in capacity translates into activity and earnings, said a WAM news agency report.
Dana Gas, the Middle East’s largest regional private sector natural gas company, has received an additional payment of $20 million from Egypt, with all overdue receivables now fully settled.
Oil prices extended their rally on Friday as geopolitical tensions around Strait of Hormuz remained unresolved, with both Iran and the United States showing no signs of de-escalation.
AUMA, one of the world’s leading manufacturers of electric actuators, has undergone a reorganisation at the start of 2026 with a new organisational structure and an expanded executive board to face the challenges of the future.
Byrne Group received nine awards at the 2026 Stevie Awards Mena, including three Gold, four Silver, and two Bronze.
The UAE Fuel Price Committee announced May 2026 fuel prices, keeping diesel unchanged to support logistics and supply chains, while petrol saw minor adjustments reflecting global trends under a flexible, transparent monthly pricing system ensuring market stability.
GE Vernova said it has received an order from Middle Delta Electricity Production Company (MDEPC), an affiliate of Egyptian Electricity Holding Company (EEHC), for upgrades and services at MDEPC’s Bahna and Nubaria power plants in Egypt.
Borouge, an Abu Dhabi–based petrochemicals company, reported $1.2 billion revenue, $343 million EBITDA and $156 million profit in Q1 2026. Production hit 1.21 million tonnes at 98 per cent capacity, while 61 per cent of March output was rerouted amid Strait of Hormuz logistics disruptions.
End-of-life batteries are expected to surge from mid-2030s, driving recycling innovation. Patent activity in battery circularity grew 42 per cent annually (2017–2023), far outpacing overall battery manufacturing and global technical fields, according to a study by European Patent Office and International Energy Agency.
