Global chemical leader Saudi Basic Industries Corporation (Sabic) has announced that it has completed the sale of its engineering thermoplastics (ETP) business in the Americas and Europe to Mutares SE & Co, thus marking a key step in its portfolio optimisation strategy.
Global liquefied natural gas (LNG) trade reached a record 436.98 million tonnes in 2025, rising 6.3 percent and marking the fastest growth since 2022, according to the International Gas Union (IGU).
Worldwide air cargo tonnages and rates for the first half of 2026 were well up on last year’s levels with the June’s figures up 9% over the same month last year, and stable compared to May, despite the disruptions to capacity and markets in the Middle East, said a report.
Global electric car sales rebounded strongly in the second quarter of 2026, with growth in markets including Australia, Europe, South Korea and other regions offsetting weaker demand in China and the US, according to a new report from the International Energy Agency (IEA).
Saudia has expanded its codeshare partnerships with Delta Air Lines, Air France-KLM and Virgin Atlantic, enhancing access to North America through major European hubs. The agreement will connect travellers to nearly 30 destinations across the US and Canada via Paris, Amsterdam and London.
TotalEnergies and Eni have approved the development of Cyprus’ Cronos gas field, with first production targeted for 2028. The project will supply European markets through Egypt’s LNG infrastructure, reaching around 2.8 million tonnes annually.
Travellers are packing more tours and attractions into holidays despite flat per-person spending in the US and declining spend in Europe, an Arival and Phocuswright report found, with Americans averaging more than four experiences per trip despite shorter stays.
European and US airlines could remove more frequencies in the winter and ground more aircraft than usual as high fuel costs make weaker services uneconomic, aviation analyst John Strickland has warned.
Saudi Arabia’s Air Connectivity Programme (ACP) has partnered with beOnd to explore new premium air routes linking the Red Sea destination with six European cities, including London, Paris, Moscow, Milan, Munich and Zurich .
Ducab, a leading UAE-based provider of energy solutions, has appointed Matteo Bavaresco as its new Group CEO . An industry veteran, Bavaresco brings more than 25 years of international experience across the Europe, Middle East and Africa and Asia Pacific regions.
