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Miti: Malaysia open to boost strategic tie-up with UAE in high-potential economic sectors including petroleum

Malaysia is always open to strengthening strategic cooperation with the United Arab Emirates (UAE) in various high-potential economic sectors including the petroleum and gas, petrochemical and logistics industries to drive trade, investment and the development of high-value industries.

UOB Malaysia closes FY2025 at record RM2.5 bil profit before tax, up over 15% on-year

United Overseas Bank (Malaysia) Bhd posted a record-high profit before tax (PBT) for the financial year ended Dec 31, 2025 (FY2025), with earnings rising more than 15% on steady income growth, lower credit costs and disciplined cost management.

Oil slips after Trump says US will help free ships stranded in Strait of Hormuz

Oil prices eased on Monday after U.S. President Donald Trump said the United States would begin an effort to free up ships stranded in the Strait of Hormuz, however the lack of a U.S.-Iran peace deal kept prices supported above $100.

Oil slips as market digests UAE exit from OPEC, supply concerns linger

Oil prices eased on Wednesday from a multi-day rally as investors digested the ramifications of the United Arab Emirates' surprise decision to quit OPEC, though supply disruptions from the stalemated Iran war support the market.