Al Jaber says global energy security needs overhaul as 1bn oil barrels drained from inventory
Shipping costs surge amid Strait of Hormuz disruption as Brent trades around $110 a barrel and diesel supplies face growing pressure.
Business
VCM tracking 30 local, international carbon project developers, CEO tells Al-Eqtisadiah
Saudi Arabia's Voluntary Carbon Market Co. (VCM) has traded over 15 million carbon credits, equivalent to $93.3 million, as the country aims to boost its carbon market amidst high domestic demand for credits. CEO Fadi Saadeh noted that VCM is tracking more than 30 local and international project developers to expand the project pipeline and attract investment, addressing the current imbalance between supply and demand as the nation works towards achieving net-zero emissions by 2060.
Business
JP Morgan Private Bank sets up in DIFC after tripling its Dubai team
The new branch gives the bank a dedicated platform in the Dubai International Financial Centre to serve wealthy clients across the UAE and, where permitted, the wider region
Business
Bahrain awards ‘Golden Licenses’ to $3.89bn projects at Gateway Gulf
Bahrain awards ‘Golden Licenses’ to $3.89bn projects at Gateway Gulf