Saudi Arabia's oil sector is poised for a strong recovery next year as export routes gradually normalise and crude production returns to pre-disruption levels, according to Riyad Capital, which forecasts oil-sector growth of 14.3% in 2027.
Egypt has announced a new natural gas discovery in the Nile Delta, with projected production of 50 million cu ft per day (mmcf/d) following the drilling of the exploratory well (Nidoco N-2) in the West Abu Madi area, co-operated by Italy’s Eni and the UK’s British Petroleum.
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.
Sadara Chemical, a joint venture between Saudi oil giant Aramco and US chemicals firm Dow, has announced that it has temporarily shut down production at its parent-operated plant. Sadara Chemical operates a complex in Jubail with an annual production capacity of 3 million MT of chemicals and plastics.
Aluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, has announced solid results for FY 2025, recording a net profit of BD219 million ($582 million), up 18.5% over the previous year, on the back of higher production and record sales volume despite market challenges.
Emirates Glass, a subsidiary of Dubai Investments-owned holding company Glass, said it has launched one of the region’s most advanced curved glass production systems, enhancing its capability to manufacture complex, curved glass solutions for the next generation of architectural and façade projects.
Dragon Oil, a subsidiary of ENOC, signed an MoU with Malaysia’s Petronas Carigali International Ventures to enhance cooperation in oil and gas exploration and production, promoting the exchange of technical expertise within the upstream sector.
Saudi Arabia has retained its position as the world's leading exporter of dates by value for the fourth consecutive year, with 2025 exports reaching SR1.938 billion ($520 million).
Dubai Investments, a leading diversified investment company, has broken ground on the second production line for its wholly owned subsidiary, Emirates Float Glass (EFG), at its facility within the Khalifa Economic Zones Abu Dhabi (KEZAD).
Saudi Arabia's crude oil exports rose nearly 8 per cent in August to their highest level since March, signalling a continued recovery in shipments despite the prolonged disruption to regional energy flows caused by the Middle East conflict.
