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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
THIS MORNING: Fuel prices slashed for January + Minimum wage hiked for Emiratis
Plus: Major banks begin phasing out OTP texts
Taqa locks in Al Dhafra gas plant
Roughly 85% of the cost is funded by syndicated debt
Taqa locks in Al Dhafra gas plant
Roughly 85% of the cost is funded by syndicated debt
Non-oil sector momentum + hydrocarbons recovery lift GDP outlook for 2025
The CBUAE also raised its forecast for non-hydrocarbon GDP this year to 4.9% from 4.5%
Adnoc secures up to USD 11 bn in first-ever greenfield gas pre-export financing
The facility drew commitments from over 20 global and regional banks
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