Shell has abandoned its search for oil in the Arctic after failing to find enough crude. Due to the lack of oil and gas found off the coast of Alaska, operations will stop for the foreseeable future. Environmental campaigners had criticized the costly project in the Chukchi Sea. The project has had numerous issues including a major setback in 2012 after a drilling rig came lose and was grounded.
Dubai retains position as leading maritime city
Dubai has retained its position as the Middle East's leading maritime city and ranked 12th globally in the 2026 Leading Maritime Cities report by DNV and Menon Economics.
Nvidia CEO Jensen Huang steps down
Nvidia CEO Jensen Huang is stepping down, leaving the AI industry without its biggest champion and clouding the future of the chipmaker he built into an AI powerhouse.
DEWA reports record-breaking AED25.74 billion revenue in 2026
Dubai Electricity and Water Authority (DEWA) has reported record-breaking revenue of AED25.74 billion in the first nine months of 2026 - up 3 per cent on last year.
Nakheel unveils new sustainable community beside Palm Jebel Ali
Nakheel, a member of Dubai Holding Real Estate, has unveiled Palm Springs, a 3.8 million sq m residential masterplan adjacent to Palm Jebel Ali in southern Dubai.
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