Business from Sunday, August 2nd, 2026

OPEC+ agrees September oil production increase

OPEC+ has agreed to increase oil production by around 188,000 barrels a day from September, completing the rollback of voluntary output cuts introduced in 2023.

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H.H. Sheikh Abdullah discusses regional developments with Kuwait FM
His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has discussed the latest regional developments with Kuwait's Foreign Minister Sheikh Jarrah Jaber Al-Ahmad Al-Sabah.
ADNOC confirms vessel targeted by missile in Strait of Hormuz
Abu Dhabi National Oil Company (ADNOC) has confirmed that one of its vessels was targeted by a missile while transiting the Strait of Hormuz early on Saturday.
Dubai rider caught speeding at 290kmph, filming dangerous stunts
Dubai Police has summoned a rider and impounded his bike for a release fee of AED50,000 after he posted videos online of his dangerous stunts while speeding at 290kmph.