Apple iPhone 15

Apple iPhone 15: Foxconn begins production in India

The Cupertino, California-based firm is on a multiyear project to diversify its manufacturing away from China

as creative hub twofour54 to open new fim studio

Abu Dhabi-based twofour54 unveils ambitious plans to build film studio

Set to span over 100 acres, twofour54 Studios will be a next-gen, virtual production-ready, metaverse-enabled and fully-fledged production studio

Dana gas

Dana Gas reports 53% rise in adjusted net profit for 2022

Revenue rose 17 per cent to reach $529m last year, compared to $452m in 2021


TotalEnergies announces start of gas production from Oman’s onshore Block 10

TotalEnergies holds a 26.55 per cent interest in Block 10, with OQ retaining 20 per cent and Shell holding 53.45 per cent

OPEC+ says growing risk of global recession justifies oil cuts

OPEC+ says growing risk of global recession justifies oil cuts

The group agreed on October 5 to reduce its collective crude-output target by 2 million barrels

OPEC+ tries to keep oil above $90 with large production cut

It’s the biggest reduction by the Organization of Petroleum Exporting Countries and its allies since 2020


Climate change: How has extreme weather affected cotton?

The world’s cotton supply keeps shrinking, hit by drought and heat

UAE flag

UAE ‘will be encouraging OPEC’ to consider higher production levels, says ambassador to US

Oil has surged above $100 a barrel for the first time since 2014

Saudi Aramco - oil minister

Saudi oil minister says global production could plunge 30% this decade

“We’re heading toward a phase that could be dangerous if there’s not enough spending on energy,” he said

OPEC made only half of planned supply hike amid African losses

The combination of a recovery in fuel consumption after the pandemic and constrained supply has led to a global energy crunch

UAE sees no need for OPEC+ to change oil-production plan

Benchmark Brent crude is currently trading around $75 a barrel, up 45 per cent this year

Oil extends gains on signs OPEC+ edging toward keeping cuts

The producer group is considering keeping additional supply off the market for three to six months

Abu Dhabi converts status of 29 industrial licences to ‘production’

Construction and glass industries account for the largest share of industrial licences in Abu Dhabi with 20.1 per cent

UAE’s Ministry of Economy reduces fees for 94 services

The financial impact on the business sector as a result of fee reduction is estimated at Dhs113m in 2020