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Adnoc to supply Thailand’s Gulf Group 2 mn tons of LNG
The oil and gas giant’s LNG book has been expanding in Asia recently
Rox eyes new energy storage platform + UAE, Washington follow up on AI ties
Rox’s plans focus on battery options from lithium-ion to long-duration thermal, gravity, and compressed-air storage.
DIB gets a new chairman and Modon’s MD steps back
Dubai Islamic Bank tapped Fadhel Abdulbaqi Al Ali as chairman
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…
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
More moves abroad from XRG, Emaar, PureHealth, and Masdar
The stake buys XRG into the main route carrying Azerbaijani gas into Europe
New private credit fund on the block, solar plant in RAK, fundraise for Synapse, and another law firm lands in Abu Dhabi
Zamanat is targeting a USD 100 mn fund to address the SME financing shortfall
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