Saudi Arabian Mining Company (Maaden) has reported solid results for the second quarter with its net profit surging 13% to SAR2.18 billion ($580 million) and its revenue hitting SAR10.9 billion ($2.87 billion), helped by higher commodity prices and increased gold sales volumes.
AD Ports Group has announced that it has signed an agreement with IRH Global Trading, a strategic commodities trading company with interests across the mining and energy sectors, to explore strategic co-operation in bunkering services and alternative marine fuels at Khalifa Port in Abu Dhabi.
Global oil and gas prices surged on Tuesday as the escalating U.S.-Israeli war with Iran disrupted energy exports from the Middle East, triggering supply fears and sending shockwaves through commodity markets.
