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John Benny


Articles

A cargo ship on the Huangpu River in Shanghai. China, the world's second-largest economy, has driven oil demand growth for the past two decades. EPA
Oil prices post weekly loss on concerns over crude demand growth

China's oil demand is projected to peak by 2027 as fuel consumption slows

EnergyDecember 20, 2024
John Benny
Adnoc headquarters in Abu Dhabi. In October, XRG, then known as Adnoc International, agreed to buy Covestro for an enterprise value of €14.7 billion ($15.3 billion). Khushnum Bhandari / The National
Covestro shareholders approve XRG takeover deal

The acquisition is expected to close in the second half of next year

EnergyDecember 19, 2024
John Benny
Adnoc headquarters in Abu Dhabi. Adnoc Gas expects to acquire Adnoc’s 60 per cent stake in the Ruwais project at cost, estimated at about $5 billion, in 2028. Khushnum Bhandari / The National
Adnoc signs 15-year LNG agreement with Germany’s EnBW

The agreement is Abu Dhabi energy major's second with a German company for Ruwais LNG

EnergyDecember 16, 2024
John Benny
Emaar buildings in Dubai Creek Harbour, Dubai. Emaar reported a revenue of Dh23.8 billion in the first nine months of this year. Chris Whiteoak / The National
Emaar's dividend plan helps to drive Dubai stocks to near-decade high

The developer plans to declare dividends at 100 per cent of its share capital for 2024, and next few years

MarketsDecember 16, 2024
John Benny
The Jiyeh thermal power plant in Lebanon. The Lebanese government is seeking solutions to its electricity crisis. EPA
ExclusiveArab neighbours set to plug Lebanon's electricity shortage

Country on verge of finalising a pan-Arab power agreement with the Arab League, energy minister says

EnergyDecember 14, 2024
John Benny
An oil terminal in Saint Petersburg, Russia. The EU has approved a 15th sanctions package, this time on Russia’s shadow tanker fleet. EPA
Oil posts weekly gain amid concerns over sanctions curtailing oil supply

The Biden administration in the US is reportedly considering more sanctions on Russia’s oil trade

EnergyDecember 13, 2024
John Benny
The Muscat skyline. Oman is positioning itself as a global hub for green hydrogen exports. Getty Images
Oman to launch third round of green hydrogen auctions by April 2025

Sultanate will launch a third round of auctions by the end of the first quarter of 2025

EnergyDecember 11, 2024
John Benny
Frankfurt-listed Delivery Hero retains a majority interest in Talabat. Chris Whiteoak / The National
Talabat share price falls on DFM trading debut after $2 billion IPO

Food delivery company's listing attracted strong investor interest with a double-digit oversubscription level

MarketsDecember 10, 2024
John Benny
The Oyu Tolgoi copper-gold mine in Khanbogd, the South Gobi desert, Mongolia. Bloomberg
ExclusiveGulf nations interested in critical minerals exploration, says Mongolian PM

Landlocked nation is home to sought-after minerals needed for the transition to clean energy

EnergyDecember 10, 2024
John Benny
Abu Dhabi’s economy has rebounded strongly from the coronavirus pandemic and maintained strong growth on the expansion of its non-oil sector. Bloomberg
Abu Dhabi seeks private sector partnership to fund projects worth $123bn

The emirate is making it easier for private companies to invest and develop projects, says government official

EconomyDecember 09, 2024
Fareed Rahman
Larry Fink, chief executive of BlackRock. Reuters
BlackRock's Larry Fink calls Abu Dhabi a key hub for global capital

US-based Polen Capital and private credit firm Golub Capital to open offices in Abu Dhabi Global Market

EconomyDecember 09, 2024
Fareed Rahman
People celebrate on the Lebanese side of the Masnaa Border Crossing to Syria after rebels announced the ousting of Syrian President Bashar Al Assad. Reuters
What next for Syria's battered economy amid political upheaval?

With oil production a fraction of what it was before the civil war and with a currency in turmoil, the country will need time and support to recover

EconomyDecember 08, 2024
Aarti Nagraj
There has been a flurry of listings in Dubai, Abu Dhabi and Riyadh in the past two years. Antonie Robertson / The National
Mubadala-backed Fortress Investment Group keen on Middle East deals

Region's IPO boom is poised to continue as energy prices remain high, senior executive says

MarketsDecember 06, 2024
John Benny
Opec's headquarters in Vienna, Austria. Current balances suggest global oil supply will exceed demand by more than one million bpd next year, the International Energy Agency said in November. EPA
Opec+ extends voluntary output cuts of 2.2 million bpd until March 2025

The group says output cuts of 2 million bpd and 1.65 million bpd will be extended by a year to December 2026

EnergyDecember 05, 2024
John Benny
Mubadala is leading the Zelis deal, alongside a group of investors including Norwest and HarbourVest. Bloomberg
Mubadala to buy stake in US healthtech company Zelis

Latest investment marks Abu Dhabi company's biggest deal in the healthcare sector

BusinessDecember 05, 2024
Deena Kamel
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