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John Benny


Articles

Starbucks cut its full-year 2024 sales growth forecast after its first quarter earnings missed market expectations. AP
Starbucks Mena operator to shed 2,000 jobs amid Gaza boycotts

Alshaya Group has been the licensed partner for Starbucks in the region for more than 25 years

EconomyMarch 06, 2024
Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of Interior, reviews the Panorama digital control centre at Adnoc. Wam
Adnoc generated $500m last year using artificial intelligence

The company says it is at the start of a multiyear programme to accelerate use of the technology

EnergyMarch 05, 2024
Parkin is the largest provider of paid parking spaces and services in Dubai. Sarah Dea/The National
Dubai's Parkin IPO could raise $430 million in DFM listing

The final offer price is expected to be announced on March 14, with the entity planning to start trading a week later

MarketsMarch 05, 2024
The Jebel Ali Salik toll gate in Dubai. Victor Besa / The National
Dubai’s Salik reports Q4 profit growth after rising toll gate revenue

Company planning to pursue additional revenue sources beyond core tolling business

MarketsMarch 04, 2024
Opec's headquarters in Vienna, Austria. The Opec+ alliance of oil producing countries will consider extending voluntary cuts of 2.2 million barrels a day into the second quarter. Reuters
Oil surges 2% to post weekly gain on Opec+ supply cut extension hopes

US Federal Reserve's preferred metric for tracking inflation rose in January

EnergyMarch 01, 2024
The Duqm refinery, also known as OQ8, is a joint venture between Kuwait Petroleum International and Oman’s state-run energy company OQ. Photo: OQ8
Why Red Sea troubles could boost Oman’s $9bn oil refinery

Duqm refinery may increase capacity while exploring the creation of new products, CEO says

EnergyMarch 01, 2024
Adnoc headquarters in Abu Dhabi. The company has been using renewable energy to fulfill all of its onshore grid electricity needs since the beginning of 2022. Source: Adnoc
Adnoc leads national oil companies in low-carbon investment

Low-carbon spending announced by oil and gas firms fell by 40 per cent last year

EnergyFebruary 29, 2024
Vehicles queue to refuel at a petrol station in Dubai. AFP
UAE petrol and diesel prices to rise in March

Motorists in the Emirates will pay more at the pump for petrol next month

EnergyFebruary 29, 2024
Adnoc Distribution plans to operate 1,000 stations in the UAE, Saudi Arabia and Egypt by 2028, up from 840 in 2023. Photo: Adnoc
ExclusiveAdnoc Distribution open to expansion in new markets, CEO says

Within the UAE, the company will continue to focus on Dubai and the Northern Emirates, Bader Al Lamki says

EnergyFebruary 29, 2024
A worker holds a rock at the Al Amar gold mine, 200km southwest of Riyadh. Reuters
Saudi Arabia's Ma'aden to ramp up exploration after major gold find

Find, first announced in December, could put company 'at centre of the world's next gold rush', CEO says

EconomyFebruary 26, 2024
Rick Parish, founder and chief executive of Kinetic 7. Photo: Kinetic 7
Generation Start-up: How Kinetic 7 promotes clean cooking worldwide

The company, which has developed a battery-run portable stove, is looking to list on the Abu Dhabi bourse by 2027

Start-UpsFebruary 26, 2024
The US Federal Reserve building in Washington. Lower interest rates support economic growth, which fuels crude oil demand. AFP
Oil prices dip as Fed officials warn against early rate cuts

Market is expected to remain slightly undersupplied this year amid producer cuts

EnergyFebruary 23, 2024
Al Dhafra Solar Photovoltaic power project in Abu Dhabi. The UAE plans to be carbon-neutral by 2050. AFP
Why is UAE renewable energy gaining private equity funding?

Cop28 has positioned the Emirates as the top investment destination for energy, says Abu Dhabi investment official

EnergyFebruary 23, 2024
Emirates Water and Electricity Company is seeking to boost solar power production capacity to meet increasing power demand. Photo: Ewec
ExclusiveEwec in 'final stages' of agreement for Abu Dhabi solar plant

The Al Ajban project, expected to become operational in 2026 or earlier, will be able to power about 160,000 homes

EnergyFebruary 21, 2024
The Opec+ alliance of countries has voluntary supply cuts of 2.2 million barrels per day in place until the end of the first quarter. Reuters
Oil prices fall from three-week high amid demand uncertainty

Analysts expect Opec+ to extend voluntary output cuts of 2.2 million barrels per day next month

EnergyFebruary 19, 2024
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