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ADES secures UK North Sea rig contract to add SAR 483 million to backlog

Ciaran Ryan
16.07.2026

ADES secures UK North Sea rig contract to add SAR 483 million to backlog

Offshore drilling demand in the UK North Sea continues to support new rig awards as operators seek longer-duration programs. ADES Holding Company says its latest deal for the Shelf Drilling ...

U.S. Treasury expands sanctions on Iran-linked shipping network

Dan Blystone
14.07.2026

U.S. Treasury expands sanctions on Iran-linked shipping network

The U.S. government is widening financial pressure on Iran by targeting a shipping and commodities network tied to Mohammad Hossein Shamkhani. The move covers more than 50 individuals, companies ...

#U.S. Treasury Department

Bank of England flags higher financial stability risks from Middle East hostilities

Dan Blystone
14.07.2026

Bank of England flags higher financial stability risks from Middle East hostilities

Renewed fighting involving the U.S. and Iran is adding to uncertainty for financial markets as geopolitical tensions intensify. Bank of England Governor Andrew Bailey says the latest escalation ...

#Bank of England #Iran war

E3 condemn Iran attacks on Strait of Hormuz shipping

Ashutosh Sureka
13.07.2026

E3 condemn Iran attacks on Strait of Hormuz shipping

Tensions in the Gulf remain focused on maritime security after the E3 condemns Iranian attacks on commercial shipping in the Strait of Hormuz and on countries in the region. The statement also ...

#OFSI #Trade Deals #UK #Iran war

MGX $49 billion fund reshapes race for AI assets

Andrey Mastykin
01.07.2026

MGX $49 billion fund reshapes race for AI assets

Abu Dhabi’s MGX has raised $49 billion for one of the largest artificial intelligence funds ever assembled, giving the two-year-old firm far more firepower in the global race for AI assets. ...

Crypto companies eye UAE as MiCA deadline approaches in EU

Eugene Komchuk
30.06.2026

Crypto companies eye UAE as MiCA deadline approaches in EU

Cryptocurrency companies are increasingly considering the United Arab Emirates as an alternative jurisdiction as the MiCA deadline approaches in the European Union. After July 1, companies that ...

Middle East ceasefire extension highlights limits of U.S. military strategy on Iran

Ciaran Ryan
15.06.2026

Middle East ceasefire extension highlights limits of U.S. military strategy on Iran

A planned agreement in Geneva aims to extend the current Iran ceasefire for 60 days, reopening the Strait of Hormuz gradually and linking nuclear talks to phased sanctions relief. The arrangement ...

#Iran war #UN Sanctions

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