Firefighters are trying to put out a blaze at the site of an oil drill in Kuwait. The fire broke out after a leak at an oil field, where a well was being dug up, state news agency KUNA said, citing Kuwait Oil Company. A company spokesman said there was "no reading of any H2S (hydrogen sulphide) gas leak from the incident". The incident has not impacted KOC's production or operations.
US strikes deal to control 65 billion barrels of Venezuela's oil reserves
The US and Venezuela have agreed terms on a huge oil deal that could see Washington take control of more than 65 billion barrels Venezuela's oil reserves.
UAE grants Elon Musk's Starlink licence to provide satellite internet services
The Telecommunications and Digital Government Regulatory Authority (TDRA) has granted Elon Musk's Starlink company a 10-year licence to provide internet services in the UAE.
UAE real estate sector records strong H1 growth
The UAE's real estate sector has maintained a strong performance during the first half of 2026, with data announced by authorities showing high levels of activity across several Emirates.
UAE-Lebanon Business Forum drives new wave of partnerships
The UAE and Lebanon are strengthening economic ties, with a new business council and four agreements signed to boost trade, investment and private-sector cooperation.
Meta agrees to pay $18 billion to settle US lawsuits over social media addiction
Meta Platforms will pay up to $18 billion over the next decade and strictly limit how teenagers use Facebook and Instagram under an agreement with nearly all US states to resolve claims it designed those social media platforms to addict children.
