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Mubadala buys into Egypt concession, Emirates NBD diversifies into silver, and Abu Dhabi-Swiss JV looks to sovereign cloud and AI infrastructure
Mubadala Energy acquired a 15% interest in Egypt’s Nargis Offshore Concession from Italy’s Eni
THIS MORNING: UAE pledges USD 1.2 bn to Gaza + XRG, BP’s Arcius eyes USD 150 mn investment in Egypt exploratory well
Plus: UAE delegation wraps up India AI Impact Summit visit
THIS MORNING: Emirates NBD looks to fold India branches into RBL + Adnoc reportedly exits India refinery project
Plus: Mubadala ups BTC exposure
THIS MORNING: Two DP World partners pause future investments + Adia stays firm on selling Vier Gas stake
Plus: Singapore-India-Gulf submarine cable to land in UAE
THIS MORNING: An Emirati ChatGPT is in the works + more robotaxis are coming to Dubai
Good morning, everyone. Industrial interest in our Northern Emirates is our big story today, as we take a deep dive…
UAE and Germany hard-wire energy cooperation — from LNG to batteries
Adnoc advanced LNG cooperation, while Masdar moved into battery storage
THIS MORNING: European airlines suspend flights to the GCC amid US-Iran tensions + Ruwais project to kick off operations ahead of schedule?
Plus: UAE and Cyprus to deepen energy ties
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
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