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Austria’s OMV exits Ghasha concession
The company sold its 5% stake to Russia’s Lukoil
Mubadala, Taqa complete acquisition of majority stakes in Uzbekistan power plant
Plus: Emaar earns rating upgrade from Moody’s
Amea Power + Spain’s Cox launch infrastructure-focused JV
The JV will co-develop and manage water and energy infrastructure projects.
Azerbaijan’s state oil fund invests USD 50 mn in Adnoc’s gas pipeline unit
The investment took place through a Lunate-managed investment fund
Adnoc Drilling is now in Oman and Kuwait
The transaction is expected to close in 1Q 2026
THIS MORNING: Low economic risk this year, Fitch says + Dubai’s first ever tokenized real estate asset was fully funded in the first day
Plus: Private sector eid holiday confirmed
GulfNav will soon be the new owner of Nasdaq-listed Brooge Energy
The transaction is expected to tick off regulatory approvals before the end of 3Q.
Mashreq is now the first UAE bank to offer instant payments for SMEs
Plus: Pony.ai to launch robotaxi trials in Dubai this year
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