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Infrastructure 
Dewa refinances Noor Energy 1 for USD 2.7 bn as the world’s biggest CSP plant trades construction risk for cheaper money
The new loan replaces the debt that built the plant, which it borrowed back in 2019 when it was still…
THIS MORNING: UAE is lining up another USD 25 bn in investment for India + regional crude exports on track for strongest month since war began
Plus: The AI rollout is coming to Abu Dhabi courts
XRG doubles down on Azerbaijan gas with Absheron expansion and export-route exposure
The expansion, due online in 2029, is expected to unlock around 5 tcf of recoverable gas resources
THIS MORNING: Masdar exits hydrogen project with OMV + Adia offloads more of Lenskart
Plus: IHC confirms Fount Trust as its ultimate parent
Adnoc eyes USD 1 bn investment to boost retail play in Egypt
It’s also studying setting up aircraft refueling in some Egyptian airports
THIS MORNING: Mubadala eyes investment in Italian gas turbine maker + a settlement to the Paramount antitrust lawsuit could be on the way
Plus: SIB taps advisors for sukuk offering
Metito lands contract for Dubai South sewage plant, Aldar + Mubadala buy further into Masdar City, Mubadala-backed Caturus LNG facility is getting bigger
Metito will be in charge of operation and maintenance for Dubai South’s sewage treatment plant
More moves abroad from XRG, Emaar, PureHealth, and Masdar
The stake buys XRG into the main route carrying Azerbaijani gas into Europe
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