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XRG increases stake in Rio Grande project + Emarat opens up in Armenia
Through its DIFC operations, the lender will let institutional clients mint and redeem USDC through its platform
Ta'ziz studies a UAE-first MDI plant as it pushes beyond bulk chemicals
The study is the first concrete step on a 14-chemical pipeline worth up to USD 10 bn
EGA’s recycling hedge goes live + Etihad Energy moves downstream
The recycling plant at Al Taweelah has 185k tons of annual capacity
Dana Gas makes another Egypt discovery + Edge adds government weight to its European hub
The UAE-based natural gas player discovered around 10 bcf of gas reserves in the Nile Delta
S&P puts numbers on the UAE’s worst year in recent memory
Abu Dhabi will likely see its economy shrink 9%, while Dubai could see 2.5% contraction, and Sharjah and RAK are…
Plynth Energy takes minority stake in US-based fusion startup
The takeover comes amid the ongoing UAE-US push into frontier technologies
Abu Dhabi’s HEA raises USD 550 mn via bond issuance
HEA Energy plans to use the proceeds for refinancing and fleet expansion
Hormuz may be reopening — but the actual recovery of flows will take much longer
Around 500 ships are waiting to exit the Gulf through the Strait of Hormuz
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