QatarEnergy shared new oil discovery at Merlin-1X well in Namibia waters
QatarEnergy shared new oil discovery results from the Merlin-1X well offshore Namibia this week. The well sits inside Petroleum Exploration License 39, a block in the Orange Basin. Engineers found good reservoir quality, light oil, and limited associated gas at the site. These early signs point to the strongest subsurface results recorded under this license […]
Israeli strike kills Lebanese army brigadier in South Lebanon
President Joseph Aoun warned that the attack threatens stability, even as ceasefire discussions continue to develop but remain unimplemented on the ground.
UAE-Bahrain currency swap agreement supports Gulf trade and stability today
UAE-Bahrain currency swap agreement links two Gulf banking systems through a five-year liquidity framework. The announced facility carries a nominal value of AED 20 billion, or BHD 2 billion. Both sides presented the signing as another step toward stronger central bank cooperation efforts. Officials also tied the arrangement to wider UAE Bahrain trade ties across […]
GCC banking sector revenues reach records as lending stays strong in Q4
The quarterly rise reached 1.7 percent, showing banks still expanded income despite softer fee generation. Net interest income did most of the work as lending volumes increased across major Gulf markets. Non-interest income slipped after seven rising quarters, trimming part of the gain from core banking activity. At the same time, impairments climbed to their […]