ENERGY-

#1- Mubadala strikes gas in Indonesia (again): Mubadala Energy reported a gas discovery from its Tangkulo-1 exploration well in South Andaman, offshore North Sumatra, Indonesia, Wam reports. The site has 47 mn cubic feet in prospective gas resources, and 1.3k barrels of condensate, with its estimated capacity expected to sit between 80-100 mn cubic meters. Mubadala Energy holds the largest net acreage in South Andaman, with an 80% working interest.

This marks the company’s second deepwater find in South Andaman, following one at the Layaran-1 well in December of last year.

#2- Dewa + du talk cooperation: Dubai Electricity and Water Authority (Dewa) CEO Saeed Al Tayer met with Emirates Integrated Telecommunications Company’s (du) managing director Ahmad Abdulkarim Julfar to discuss advancing the partnership between Dewa’s digital division, Digital Dewa, and the telecom giant, according to a statement.

#3- The Energy and Infrastructure ministry inked three MoUs with district cooling firms Empower Energy Solutions and Emirates District Cooling (Emicool), and the National Central Cooling Company (Tabreed) to partner on enhancing energy efficiency in the cooling sector, according to a ministry X post.

CRYPTO-

Blockdaemon sets up shop in Abu Dhabi: Blockchain infrastructure provider Blockdaemon opened a new office and corporate entity in Abu Dhabi, after receiving a license from the Abu Dhabi Global Market’s Registration Authority, it said in a statement yesterday. The license allows the company to offer institutional-grade node and validator infrastructure solutions, as well as self-hosted MPC wallet technology.

MANUFACTURING-

#1- Real estate developer Binghatti has acquired a modern steel manufacturing plant in Dubai to manufacture features for its towers for an undisclosed sum, Khaleej Times reports, citing a company statement. The facility is set to be the main center for Binghatti's internal team of designers, architects, and manufacturing experts, the outlet reports, without disclosing its exact location. The investment was self-funded.

#2- New rating system for engineering: Abu Dhabi’s Department of Municipalities and Transport (DMT) rolled out a performance evaluation and engineering excellence system, targeting engineering firms in the emirate, according to a Abu Dhabi Media Office statement. Engineering firms — including consulting offices and contracting firms — will undergo quarterly evaluations across several assessment criteria, including resource optimization, expertise, quality of work, project management competence, and financial metrics. Results will be categorized from one to five stars, with rankings publicly available on the DMT website.

#3- Golden Spike to open plant in Kezad: Abu Dhabi-based Golden Spike & Wheat is developing a bakery and sweets manufacturing unit in Kezad, after inking a 50-year land lease agreement with Khalifa Economic Zones Abu Dhabi (Kezad Group), according to a statement. The 26k square meter facility, situated in ICAD 3 in Kezad Musaffah, aims to boost production to meet the UAE market’s demand.

TRADE-

The UAE-India Cepa Council (UICC) and the Indian Chamber of Commerce (ICC) inked an MoU to boost economic and trade cooperation, Khaleej Times reports. The collaboration will prioritize raising awareness about the benefits of the UAE-India economic and trade partnership agreement and identifying prospects for companies to leverage it.

REAL ESTATE-

Bloom + Lead to develop residential project in Spain: Abu Dhabi-based real estate developers Bloom Holding and Lead Development are set to establish a JV with Spanish developer Mabel Real Estate to collaborate on the development of Mabel Marbella Residences, a 100k sqm residential project in the Spanish city of Marbella, according to a press release.

TECH-

Adnec + Matter to advance exponential tech: Backed by Abu Dhabi’s sovereign wealth fund ADQ, Abu Dhabi’s flagship exhibitor Adnec inked a partnership agreement with international think tank Matter to promote exponential technology development in the region and globally, Wam reports. This partnership marks Matter’s expansion into the MENA region.

SOUND SMART- Exponential Technology refers to technologies that double in power or processing speed every year, while simultaneously halving their costs.

INFRASTRUCTURE-

Dubai’s Roads and Transport Authority explored potential partnerships and investments with the China State Construction Engineering Corporation toimprove the emirate’s road infrastructure and public transport during a meeting between the authority and the construction firm’s heads, according to a statement.

HEALTHCARE-

G42 AI subsidiary Core42 and Mohamed bin Zayed University of Artificial Intelligence inked an MoU to set up a Global Healthcare AI Academy in Abu Dhabi, aimed at training healthcare professionals in AI and data-driven healthcare systems, state news agency Wam reports.

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