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Infrastructure 
UAE and India partner with Sri Lanka on energy hub to counter China’s influence
The UAE’s role in financing and feasibility studies will be determined through talks
THIS MORNING: The UAE leads the world in entrepreneurship + RSF-linked companies aren’t licensed to operate in the Emirates
Plus: Dana Gas’s Khor Mor field expansion project could wrap up in 1Q 2026
Taqa to develop 1 GW open-cycle gas turbine in Abu Dhabi
Taqa Transmission will develop power grid infrastructure to integrate the generation capacity with “new sources of energy demand”
THIS MORNING: Oil prices take a beating following surprise Opec+ decision + Why are Middle Eastern firms trading below their IPO price?
Trump opens door for negotiations on tariffs if countries offer “phenomenal” terms
XRG takes stake in Mozambique’s Rovuma basin concession + Veon secures USD 210 mn from GCC banks, ICBC Standard Bank
Adnoc is set to get a share of a potential 25 mn tons a year LNG capacity in Mozambique
Dubai’s Alpha MBM Investments to invest USD 4 bn in Ugandan crude refinery
The refinery is set to produce 60k barrels of crude per day.
EHC Investment’s energy arm EIG acquires Al Fanar Gas Group
Al Fanar operates in all seven Emirates
AD Ports to set up new petroleum storage facility at Khalifa Port
The facility will be developed in two phases, with phase one to launch its operations in mid-2027
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