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Emirates announced several promotions among senior management. (Photo: Getty Images)

Emirates first-half profit plunges 66% as war disrupts Gulf flights

Dubai’s carrier has restored 91% of its prewar network after thousands of cancellations, while passenger traffic fell 22% to 21.8 million passengers

XRG buys Shell stake in Australia LNG project for $1.45 billion

ADNOC’s subsidiary expands overseas as QatarEnergy builds its U.S. portfolio to supply customers beyond the disrupted Strait of Hormuz

Saudi Aramco’s third-quarter profit rises as war lifts oil prices

While Houthi attacks battered its facilities, Aramco says refining earnings boosted dividend payments, profits from businesses tripled to $10 billion

Sam Altman tells ADIPEC that AI growth requires additional power

Altman and Industry Minister Dr. Sultan Al Jaber opened the Abu Dhabi conference as OpenAI signed agreements with Mubadala, ADNOC and G42

Exxon, Chevron executives cancel trips to ADIPEC over security

Abu Dhabi organizers expect record participation despite renewed fears of U.S. strikes on Iran, further disruptions to Gulf conference schedules

Quick Hits

Emirates announced several promotions among senior management. (Photo: Getty Images)

empty seats

Emirates first-half profit plunges 66% as war disrupts Gulf flights

The Daily Circuit: Emirates profit plunges + LIV Golf may liquidate

final round

LIV Golf faces liquidation after BC Partners scraps investment

costly crossings

ADNOC fleet becomes lifeline for Iraq, Kuwait oil through Hormuz

The Daily Circuit: XRG’s Australian gas deal + PIF raises $3 billion

playing it safe

Saudi hosting of Asian Cup postponed after Houthi attacks

southern exposure

XRG buys Shell stake in Australia LNG project for $1.45 billion

The Daily Circuit: Aramco profit surges + Lunate, Brookfield launch developer

supply shield

UAE plans more energy channels as war disrupts export routes

crude cushion

Saudi Aramco’s third-quarter profit rises as war lifts oil prices

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