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THIS MORNING: Dubai now has an air taxi station + Energy infrastructure repair bill balloons to USD 58 bn
Plus: FTA slashes slew of tax violation penalties
Beijing steps up UAE engagement, pairing conflict diplomacy with an energy push
China’s president pitched a four-point peace framework, while its premier pushed deeper energy cooperation with the UAE
Can the Gulf just snap back its energy system?
The potential bill for repairing energy infrastructure across the Gulf stands at USD 25 bn
Industrial and oil and gas facilities targeted over the weekend + Oracle building also sees minor damage
Borouge, Oracle, and Habshan all saw some damage from Iranian attacks
Masdar, TotalEnergies pool Asian renewables assets together into USD 2.2 bn, Abu Dhabi-based JV
The JV launches with 3 GW live and 6 GW in advanced development
IRH bags 20-year LNG supply agreement off Mexico’s west coast
Deliveries are expected to begin in 2H 2028
Fuel prices spike as much as 72.4%
The increases are set to lead to more inflation, especially given diesel’s central role in freight and agriculture
DP World + Russia’s Rosatom form JV, a gaming supplier eyes the UAE, Empower secures a contract from Meraas, ePointZero acquires US energy firm for USD 2.3 bn, EGF backs CarniStore
The new JV taps into Russian-linked container flows and Northern Sea routes
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