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Infrastructure 
Gulf national oil companies are spending more than their international counterparts in the next two years
This spending cut comes as major capacity projects near completion
THIS MORNING: IMF sees MENA growing 3.9% in 2026
Plus: AD Ports eyes Nigeria’s ports
THIS MORNING: Adnoc eyes Venezuelan oil + National Bank of Canada sets up shop in Dubai
Plus: Mubadala takes a stake in new carved-out Reliance consumer arm
Tadweer opens up down under, India’s state giants make oil find in Abu Dhabi, a petrochem plant for Jebel Ali, and Emaar and Alef team up in Sharjah
Tadweer plans to divert some 700k tonnes of waste from landfill a year in Australia
UAE set to be a “fiscal outlier” and the fastest growing country in the Gulf this year
The UAE is projected to achieve a fiscal surplus of up to 4.0% of GDP
Adnoc greenlights Sarb deep gas development
The development marks Adnoc’s expansion into the ultra-deep, high-pressure reservoirs in Sarb
Over in Egypt: Dana Gas gets paid and Drake and Scull gets contracted
Plus: GFH channels Asia capital into the UAE logistics sector
Adnoc Drilling officially goes regional
This is the company’s first inorganic expansion outside the UAE
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