British Petroleum's (BP) chief executive is stepping down.
Bob Dudley has been with the oil company for the last 40 years.
The last nine years of his time were spent as chief executive.
Bernard Looney is set to take Dudley’s place at the helm of BP.
Tesco and Imperial Brands announced last week that their bosses were stepping aside as well.
UAE capital markets to remain closed until further notice
The UAE Capital Market Authority has announced that the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) will be closed from Monday, 2 March 2026, until further notice.
Abu Dhabi to cover costs of extended hotel stays after missile strikes
Abu Dhabi's Department of Culture and Tourism has issued an official circular to hotel managers across the emirate instructing them to extend the stays of guests who are unable to depart due to travel disruptions following missile and drone attacks from Iran.
Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say
Brent crude LCOc1 jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after U.S. and Israeli launched strikes on Iran.
IMF approves $8.1 billion loan for Ukraine
The International Monetary Fund's executive board has approved an $8.1 billion, four-year loan for Ukraine on Thursday, with $1.5 billion to be disbursed immediately to help keep the government running as its war against Russia's invasion drags into a fifth year.
Paramount Skydance wins Warner Bros, Netflix walks away
Paramount Skydance has emerged as the winner in a months-long battle to acquire Warner Bros Discovery, after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio.
