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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

20/01/2026

	Emarat, SNOC to develop business opportunities in LPG sector United Arab Emirates: Emirates Petroleum Company (Emarat) and Sharjah National Oil Corporation (SNOC) have signed a Memorandum of Understanding (MoU) to establish a structured framework for cooperation and to identify and develop new business opportunities within the Liquefied Petroleum Gas (LPG) industry sector.
	Adnoc Gas seals $3bn LNG agreement with Hindustan Petroleum United Arab Emirates: Adnoc Gas, a major unit of Abu National Oil Company (Adnoc) and its subsidiaries today (January 19) announced the signing of a sales and purchase agreement valued at between $2.5 billion - $3 billion for a period of 10 years with Hindustan Petroleum Corporation Limited (HPCL).
	Renewable capacity in Mena surges with 15GW added in 2025: report United Arab Emirates: Dii Desert Energy, an energy transition think tank in the Mena region, has identified a definitive breakthrough: the region has officially entered an exponential phase of renewable energy deployment.
	Saudi inflation stays contained at 2% despite rent pressures: GASTAT Saudi Arabia: Saudi Arabia’s inflation rate stood at 2 percent in 2025, with rising housing rents remaining the main source of price pressure despite declines across several consumer categories.
	IMF raises Saudi Arabia’s 2026 growth forecast to 4.5% Saudi Arabia: The International Monetary Fund raised its 2026 growth forecast for Saudi Arabia to 4.5 percent, citing higher oil output, resilient domestic demand, and continued economic reforms across the region.
	Record $14.4bn rise in Saudi holdings of US Treasuries Saudi Arabia: The International Monetary Fund raised its 2026 growth forecast for Saudi Arabia to 4.5 percent, citing higher oil output, resilient domestic demand, and continued economic reforms across the region.
	Saudization rates in marketing, sales professions announced Saudi Arabia: Saudi Arabia’s Ministry of Human Resources and Social Development has announced the issuance of two decisions to increase Saudization rates in marketing and sales professions.
	Fitch reaffirms Saudi Arabia at A+ on fiscal, external strength Saudi Arabia: Saudi Arabia’s sovereign credit rating was affirmed at A+ with a stable outlook by Fitch Ratings, reflecting the Kingdom’s strong fiscal and external balance sheets.

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