Category: News

U.S. Environmental Protection Agency Administrator Lee Zeldin announced Wednesday that the agency is preparing sweeping changes to Biden-era regulations governing the oil and gas industry, including rules designed to reduce methane emissions. Zeldin announced Santa Fe during the annual New Mexico Oil and Gas Association conference, where he addressed a room filled with industry representatives.…

DNB Carnegie has raised its price target for A.P. Moller-Maersk to DKK 19,000 from DKK 16,100, while maintaining its sell recommendation on the Danish shipping and logistics company. The revised target indicates that the investment bank sees a higher potential valuation for Maersk than previously estimated. However, its decision to retain the sell rating suggests…

The International Finance Corporation (IFC), the World Bank Group’s private sector investment arm, is supporting the Plaza District at The Sustainable City – Yiti in Muscat through an Islamic green financing facility. The investment will help develop residential units, commercial spaces and community services within a low-resource urban environment. The deal is International Finance Corporation’s…

Oil prices moved lower on Monday as stronger crude supplies from the Middle East and coordinated action by the G7 helped calm concerns over potential disruptions to global energy markets increase the Geopolitical Risks . Increased exports from key producers and the planned release of strategic reserves outweighed fears surrounding ongoing tensions in the Gulf…

A flydubai flight travelling from Dubai to Tel Aviv was saved from disaster after passengers and crew members intervened when one pilot allegedly attacked his colleague and appeared to try to crash the plane. Pilot Opens Cockpit Door Despite Injuries Captain Smit Machchhar, an Indian pilot from Mumbai, was lying on the cockpit floor and…

Manchester City’s principal sponsor, Etihad Airways, is considering legal action against the Premier League after the publication of an independent commission’s findings into more than 100 alleged financial rule breaches by the club. The UAE’s state-owned national airline said it “categorically rejects” the commission’s guilty findings and argued that the Premier League’s public statements had…

Air Arabia has started operations from King Fahd International Airport in Dammam, marking the launch of a new Saudi-majority airline venture. The carrier began flying on 20 September, following the receipt of its Air Operator Certificate (AOC) from Saudi Arabia’s General Authority of Civil Aviation (GACA) on 14 September. The venture brings together Air Arabia…

Saudi Arabia has warned that Gulf Security is closely tied to international peace, energy markets and global trade, as regional tensions continue to escalate. Addressing the UN General Assembly, Saudi Foreign Minister Prince Faisal bin Farhan said Saudi Arabia and other countries in the region had faced what he described as “flagrant Iranian attacks” targeting…

Saudi Arabia is transforming its western coastline into one of the world’s most ambitious luxury tourism destinations, combining pristine islands, coral reefs, deserts and mountains. Often compared with the Maldives for its turquoise waters and white-sand beaches, the Red Sea project aims to offer travellers a much broader range of experiences. More Than a Beach…

The United Arab Emirates’ central bank has barred Iran’s Bank Melli from conducting financial operations in the country, citing violations of regulatory requirements. The decision, announced on Wednesday, comes as relations between the UAE and Iran have deteriorated amid the ongoing conflict involving Iran and the United States. According to the UAE central bank, all…