Iraq's biggest ever budget for 2027 built for boom times amid economic bust | The National
Draft budget of 217.2 trillion dinars proposes more jobs and IMF bailout request, The National finds
Business
Saudi Arabia to Store Oil in Singapore to Bolster Asia Supply Security Starting 2027
Saudi Arabia plans to store crude oil at Singapore's Jurong Rock Caverns from the second half of 2027 to strengthen supply security in the region, energy ministers from both countries said on Monday. The move comes after the US-Israeli war with Iran severely disrupted energy supplies to Asia shipped through the Strait of Hormuz, prompting countries to draw down inventories and raising concerns about stockpile levels globally. Asia imported two-thirds of its oil supplies from the Middle East before the war.
Business
The world's diesel crisis has no quick fix but there is a way out | The National
As wars in the Middle East and Ukraine squeeze diesel supplies, governments are scrambling for solutions
Business
Adnoc’s Dh60 billion push can boost UAE manufacturing | The National
New local manufacturing opportunities can help strengthen the country’s industrial resilience