US warns against Iranian demands to collect transit tolls in Strait of Hormuz

US Secretary of State Marco Rubio has warned that Iranian demands to collect tolls in the Strait of Hormuz threaten the global economy and maritime freedom.

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ADNOC secures $6.2 billion investment for Umm Shaif offshore gas expansion

ADNOC and international partners have secured a $6.2 billion investment to develop the Umm Shaif Gas Cap, targeting 600 million cubic feet daily by 2030.

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UAE targets five to seven new CEPA trade agreements by end of 2026

Dr. Thani Al Zeyoudi announced the UAE expects to complete negotiations for up to seven new Comprehensive Economic Partnership Agreements by year-end.

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Kuwait and Jordan maintain low inflation rates in June despite regional pressures

Kuwait and Jordan reported stable June inflation rates of 2.2% and 2.8% respectively, showcasing economic resilience against regional pressures.

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