ADNOC Gas reported a record net profit of $5.2 billion for 2025, citing strong demand in the UAE market.

UAE's ADNOC Gas posts $5.2bn as local demand soars

CFO Peter Van Driel said a dividend of $3.6 billion has been endorsed by the Board

Manila, US sign critical minerals, rare earths deal

US accelerates efforts to assemble a trading bloc for critical minerals

Secretary of State Marco Rubio holds a news conference during the first Critical Minerals Ministerial at the State Department's Harry S. Truman Building on February 04, 2026 in Washington, DC. About 50 countries attended the ministerial, a gathering to discuss the creation of tech supply chain partnerships that can bypass China.

$3,700 subsidy: Carney scraps Canada EV sales mandate

Canadian PM announces major investments to support the auto industry's EV transition

Canada's Prime Minister Mark Carney speaks during a press conference at Ritan Park in Beijing on January 16, 2026.

Solar self-supply scheme approved in Abu Dhabi

New DoE policy lets customers generate electricity using rooftop solar and battery storage

Policy targets farms, rest houses and homes, with guidance on high-efficiency appliances.

Philippines: Aboitiz Power pushes giant power banks

Large-scale battery energy storage systems underscore drive towards energy security

A view of the Ambuklao Dam, in the Cordillera Region, about 300km north of Manila.

Syria to announce major oil project with Chevron

The country’s new regulations allow non-Syrians to own 100% of private projects

Talal Helali, Chairman of the Investment Authority, Government of the Syria during a session 'Connecting Economies Through Investment' on the second day of World Government Summit in Dubai.

Glencore-Tinto: What to know about mega-merger

Potential merge to creating the world's largest mining firm as copper soars in price

Iranian gunboats approach US tanker in Strait of Hormuz

Stena Imperative approached by armed IRGC boats while transiting the narrow strait

The Stena Imperative tanker, which sails under the US flag, is enrolled in the US Navy’s Tanker Security Programme (TSP).

ADNOC Distribution net profit hits $761m in 2025

Fuel volumes, retail growth and expansion drive ADNOC Distribution to record 2025

Fuel volumes rose 4.5% to 15.7 billion litres over the year, driven by higher footfall and a growing service station network.

‘Project Vault’ US minerals reserve: What to know

'Strategic Critical Minerals Reserve' is the first civilian stockpile of critical minerals

The Trump administration rewrote the script on critical minerals. No price floors—just scale. $12B total: $10B Ex-Im financing plus ~$1.67B private capital. GM, Stellantis, Boeing, and Google team up to build a strategic inventory of rare earths, cobalt, and gallium. Miners didn’t get guarantees. They got guaranteed buyers.

Trump announces 'trade deal' with India after Modi call

US President touts reduced tariffs and a new fuel strategy as part of strengthened ties

File photo: Donald Trump and Narendra Modi

Oil prices plunge as Trump 'hopeful' over Iran talks

WTI sinks 3.4% to $62.99 while Brent shed 3.2% to $67.09 in early Asian trade

Oil prices plunged more than 3 per cent on Monday, Feb. 2, 2026

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