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Adnoc sets up low-carbon energy and chemicals investment unit
XRG will aim to double its asset value from the current USD 80 bn over the next decade
Mubadala Investment trims GlobalFoundries stake by 4.1% in 3Q 2024
ALSO- Irish-US VC firm Continuous Ventures agreed to support the NextGen FDI initiative
UAE signs bilateral agreements with Indonesia + to cooperate on USD 19 bn development projects in Brazil
ALSO- The Abu Dhabi Customs and Brazil's Tax Authority launched the pilot phase of the Trusted Digital Trade Corridor project
Masdar and Silk Road Fund to co-invest USD 2.8 bn in renewable energy projects
The partnership targets projects developed, invested in, or operated by Masdar
THIS MORNING: The Trump-Musk era could spur more GCC investments in the US + COP29 talks in stalemate ahead of final day
Plus: Sharjah rental rates rise 30-50% amid surging demand
Egypt, UAE ink agreements for solar plants, solar parts factories, and renewables-focused industrial zone
The agreements included the establishment of an Egyptian-Emirati industrial zone in East Port Said
Rothschild opens Dubai wealth management office
The office will focus on serving ultra-high-net-worth families
Taqa, Jera, and Al Bawani consortium secure 25-year contracts for 3.6 GW power plants
Plus: Adnoc offshore awards USD 500 mn contract to Abu Dhabi EPC project
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