{"id":104506,"date":"2025-06-12T00:00:00","date_gmt":"2025-06-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/this-morning-pakistani-pm-arrives-in-the-uae-mgx-to-invest-in-openais-upcoming-funding-round\/"},"modified":"2025-06-12T00:00:00","modified_gmt":"2025-06-12T00:00:00","slug":"this-morning-pakistani-pm-arrives-in-the-uae-mgx-to-invest-in-openais-upcoming-funding-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/06\/12\/this-morning-pakistani-pm-arrives-in-the-uae-mgx-to-invest-in-openais-upcoming-funding-round\/","title":{"rendered":"THIS MORNING: Pakistani PM arrives in the UAE + MGX to invest in OpenAI\u2019s upcoming funding round?"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends. <\/strong>We have a busy issue for you this morning as we get back to business as usual following the Eid lull, with new regulatory updates related to Emiratization and Abu Dhabi\u2019s real estate sector, a new partnership with Adnoc Logistics &amp; Services to streamline Borouge\u2019s exports, and more details on a potential grid link with India. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- THE BIG STORY here at home is the <\/strong><strong>W<\/strong><strong>orld Bank maintaining its GDP growth forec<\/strong><strong>ast for the UAE<\/strong> at 4.6% in 2025 and 4.9% in 2026 in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/544.pdf\" style=\"\" rel=\"noopener\">Global Economic Prospects report (pdf)<\/a>, keeping it unchanged from its previous forecast back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/47aa8f7c-030c-4855-8d94-e9ae5ee7d7fd\/%253cmark%253eworld-bank%253c%2Fmark%253e-upgrades-growth-forecast-for-the-uae,-citing-increased-oil-production-and-non-oil-momentum\" style=\"\" rel=\"noopener\">April<\/a>. The World Bank had previously forecast 4.0% growth for the UAE in 2025 and 4.1% for 2026 back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dc47cf12-966a-41ad-838d-787534b911d2\/world-bank-slightly-cuts-uae%25e2%2580%2599s-growth-forecast-for-2025\" style=\"\" rel=\"noopener\">January<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A few sectors are expected to lead the way for GDP growth:<\/strong> Growth in the UAE and in the GCC at large is expected to be boosted by expanding non-oil activity, namely in the manufacturing, construction, and services sectors, the report reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How this compares to <\/strong><strong>others:<\/strong> The forecast <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/296987da-1f7a-4b05-804f-da96e37797e0\/bmi-downgrades-uae%25e2%2580%2599s-growth-forecast,-citing-weaker-oil-prices-and-global-demand\" style=\"\" rel=\"noopener\">matches<\/a> that of Fitch Ratings\u2019 BMI, and is more optimistic than the IMF\u2019s forecast of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/261164f9-698a-4536-8e53-af67349d9b67\/%253cmark%253eimf%253c%2Fmark%253e-maintains-the-uae%25e2%2580%2599s-gdp-growth-forecast-at-4%2525\" style=\"\" rel=\"noopener\">4%<\/a> growth for 2025 and 5% for 2026 \u2014 making it among the fastest growing in the GCC this year. Non-oil GDP was projected to grow by 4.5%, driven by tourism, construction, public spending, and financial services. The UAE Central Bank is even more hopeful, penciling in a forecast of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e95173c0-b4ed-49cf-8c38-460f770da475\/cbuae,-icaew-are-upbeat-on%253cmark%253e-the%253c%2Fmark%253e%253cmark%253e-uae%253c%2Fmark%253e%25e2%2580%2599s-growth-this-year\" style=\"\" rel=\"noopener\">4.7%<\/a> GDP growth, while <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9119f717-0e56-4ed0-be91-b8ae612622e3\/s&amp;p-global-sees-the-uae%25e2%2580%2599s-economy-growing-by-5.1%2525-in-2025\" style=\"\" rel=\"noopener\">S&amp;P Global<\/a> had previously forecast 5.1% growth this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have more on the World Bank\u2019s global forecast<\/strong>, and its expectations for the region, in this morning\u2019s Planet Finance, below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER<\/strong><strong>-<\/strong><strong> It\u2019s getting hotter and hotter: Dubai <\/strong>is set to see a high of 42\u00b0C today, and an overnight low of 31\u00b0C. <strong>Abu Dhab<\/strong>i will see a high of 37\u00b0C and an overnight low of 30\u00b0C.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a><strong> #1- <\/strong><strong>EU <\/strong><strong>moves to delist UAE from money laundering blacklist:<\/strong> The European Commission has proposed removing the UAE from its list of high-risk jurisdictions for money laundering and terrorism financing, citing alignment with international and Financial Action Task Force (FATF) standards, according to a <a target=\"_blank\" href=\"https:\/\/finance.ec.europa.eu\/news\/commission-updates-list-high-risk-countries-strengthen-international-fight-against-financial-crime-2025-06-10_en\" style=\"\" rel=\"noopener\">statement<\/a>. The decision still requires a sign-off from EU member states and the European Parliament, which blocked the proposal to take the UAE off the list last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Diplomatic pressure pays off: <\/strong>The move follows the UAE\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1123bce8-716d-4051-8a96-1306e3c898ca\/turkey-is-pulling-the-brakes-on-its-sukuk-sale-to-adq\" style=\"\" rel=\"noopener\">removal from the FATF gray list<\/a> last year and comes after the two sides launched <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bdc0391a-4132-41fa-80a3-2f82bb46cf91\/eu,-uae-begin-bilateral-trade-talks\" style=\"\" rel=\"noopener\">trade talks<\/a>, expected to conclude within <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/3d864cb3-ab38-4023-ae55-7b970d209fce\/this-morning:-mubadala-to-invest-in-telegram%25e2%2580%2599s-usd-1.5-bn-bond-issuance%3F-%2B-uae-firms-eye-russian-business-of-unicredit\" style=\"\" rel=\"noopener\">three to six months<\/a>. At Davos <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5b065290-6c63-4725-a6ff-b607afd985d9\/uae-economy-minister-denies-plans-for-income-tax-%2B-dubai-retailer-bfl-considers-ipo-to-fund-growth\" style=\"\" rel=\"noopener\">in January<\/a>, Economy Minister Abdulla Bin Touq Al Marri criticized the EU for keeping the UAE on its blacklist despite FATF clearance, and said diplomatic efforts to reverse the designation were ongoing.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a><strong> #2- <\/strong><strong>Adnoc eyes s<\/strong><strong>ome BP assets:<\/strong> State-owned energy giant Adnoc has been internally studying a potential acquisition of some of British Petroleum\u2019s (BP) assets and has held initial talks with bankers over their acquisition, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-11\/abu-dhabi-oil-giant-is-said-to-evaluate-deal-for-some-bp-assets\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people familiar with the matter. The company is also weighing the option of partnering with another bidder to split certain assets, the people said. The talks remain exploratory, and Adnoc could ultimately decide not to move forward with the bid, the people added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s Adnoc eyeing?<\/strong> The firm is mainly interested in BP\u2019s LNG and gas fields, and not its oil production or refining operations, reflecting the company\u2019s shift towards cleaner energy alternatives. This means that the company is unlikely to pursue a full takeover of BP, despite its market cap declining by a third in just over a year to under USD 80 bn. A potential agreement could be executed through Adnoc\u2019s new international investment arm XRG, the people said. BP\u2019s fuel retailing business is also on the radar. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>#3- MGX to invest in OpenAI\u2019s upcoming funding round? <\/strong>OpenAI is reportedly in talks with Abu Dhabi\u2019s MGX and Saudi sovereign wealth fund PIF, along with Indian conglomerate Reliance Industries, over its planned USD 40 bn funding round, <a target=\"_blank\" href=\"https:\/\/www.theinformation.com\/articles\/openai-discussed-raising-money-saudi-arabia-indian-investors\" style=\"\" rel=\"noopener\">The Information<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>MGX is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/1ece1565-0c5b-4100-b2f2-1d2bcdfaf4b2\/this-morning:-dae-settles-with-axa-over-jets-in-russia%3F-%2B-dragon-oil,-enoc-eye-expansions\" style=\"\" rel=\"noopener\">already an investor in OpenAI<\/a>, having participated in its USD 6.6 bn funding round last year. It is also contributing to the initial USD 100 bn phase of the Stargate AI infrastructure fund alongside Softbank and Oracle. MGX also backed Elon Musk\u2019s xAI. Over in France, it\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/e054972b-bc3f-451b-8965-125be14f5b06\/%253cmark%253emgx%253c%2Fmark%253e,-nvidia,-france-to-build-europe%25e2%2580%2599s-biggest-ai-hub\" style=\"\" rel=\"noopener\">helping build<\/a> what is set to become Europe\u2019s largest AI data center campus. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Major hospital hack still unresolved: <\/strong>American Hospital Dubai has been targeted by a ransomware group, which claims to have stolen 450 mn patient records, including credit card info and treatment plans, <a target=\"_blank\" href=\"https:\/\/cybernews.com\/security\/gunra-ransomware-american-hospital-dubai-breach\/\" style=\"\" rel=\"noopener\">Cyber News<\/a> reports. The ransomware group was threatening to leak the information on 8 June if demands weren\u2019t met. Patient-facing systems remain offline, with no public update on negotiations, and the hospital has not yet commented. <\/p>\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>Property <\/strong><strong>payments to count toward credit scores this year:<\/strong> The Etihad Credit Bureau will begin factoring in property-related payments \u2014 including rent, service charges, and off-plan installments \u2014 into residents\u2019 credit scores \u201csometime this year,\u201d <a target=\"_blank\" href=\"https:\/\/gulfnews.com\/business\/banking\/uae-credit-score-missed-property-related-payments-to-be-included-says-etihad-credit-bureau-chief-1.500159350\" style=\"\" rel=\"noopener\">Gulf News<\/a> reports, citing statements from Director-General Marwan Ahmad Lutfi. The rollout will start with rental payments, followed by service charges for owners, and finally off-plan payment obligations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>\u201cIf someone\u2019s not making a payment on their property service charges, it should go into part of their credit behavior. This is how it is in mature consumer markets,\u201d Lutfi said. The bureau is coordinating with land departments and regulators across the Emirates and is also reviewing whether individuals are involved in related rental disputes or court proceedings.<\/p>\n<p class=\"tag-border-left\">DATA POINT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Residential <\/strong><strong>property prices in Dubai rose 12% y-o-y in 1Q 2025<\/strong>, driven by a 19.7% surge in villa prices and an 8.5% increase in apartments, according to new data from the Dubai Statistics Center <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/568.pdf\" style=\"\" rel=\"noopener\">here (pdf)<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/570.pdf\" style=\"\" rel=\"noopener\">here (pdf)<\/a>. On a quarterly basis, prices rose 3.3%, with villa prices up 2.4% and apartments gaining 3.8%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Fitch Ratings <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/2502ccbf-2ec1-455c-96dd-44ad9103570b\/fitch-forecasts-15%2525-correction-for-dubai-home-prices\" style=\"\" rel=\"noopener\">expects<\/a> a moderate correction of Dubai home prices starting in 2H 2025 after a multi-year rally that saw prices rise roughly 60% since 2022. The agency sees a possible decline of up to 15% concentrated outside prime areas, as new supply \u2014 expected to exceed 250k units by 2027 \u2014 outpaces population growth. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0fda5172-163e-4828-a9f2-4089911ecf8f\/this-morning:-alpha-data-likely-to-price-ipo-at-top-of-range-%2B-is-sidara%25e2%2580%2599s-acquisition-of-wood-group-back-on-the-table%3F\" style=\"\" rel=\"noopener\">Moody\u2019s<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7b280c3a-a456-4de8-8c77-81b983ff0318\/dubai-residential-prices-to-stabilize-in-2025--deloitte\" style=\"\" rel=\"noopener\">Deloitte<\/a> also anticipate slowing growth or stabilization.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the commercial side<\/strong>, prices rose 8.4% y-o-y, according to separate data <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/567.pdf\" style=\"\" rel=\"noopener\">here (pdf)<\/a> and <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/569.pdf\" style=\"\" rel=\"noopener\">here (pdf)<\/a>, led by strong gains in shops (+22.5%) and offices (+11.6%), while hospitality-related assets were mixed; hotel apartment prices rose 3.6%, while hotel room prices dropped 1.0%. On a quarterly basis, the overall commercial index fell 0.8%. Office prices were down 4.8% and hospitality assets fell by 1.1%, though shops saw a 9.7% uptick.<\/p>\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>Pakistan<\/strong><strong>i <\/strong><strong>Prime Minister Shehbaz Sharif is in the UAE for a one-day trip to Abu Dhab<\/strong><strong>i<\/strong>, where he will hold high-level talks aimed at deepening economic and strategic ties between Pakistan and the Emirates, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/ForeignOfficePk\/status\/1932708261100204105\" style=\"\" rel=\"noopener\">statement<\/a> from Pakistan\u2019s Foreign Ministry. He is accompanied by Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar, along with senior federal ministers. Sharif last visited the UAE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/201c7067-8ee1-4e7d-92f9-7914aa07acd0\/plenty-of-cooperation-discussed-with-officials-at-the-world-government-summit\" style=\"\" rel=\"noopener\">in February<\/a> to meet with the president and attend the World Governments Summit in Dubai.<\/p>\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our corner of the world is once again topping the global press\u2019 digital front pages with <\/strong><strong>the US pulling embassy staff from the region amid rising tensions with Iran<\/strong>, after nuclear talks between the two nations appeared to break down ahead of the Trump administration\u2019s 60-day deadline to come to an agreement ends today. All non-essential embassy staff in Baghdad were ordered to leave, while non-essential staff and family members were given the green light to leave Bahrain and Kuwait. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThey are being moved out because it could be a dangerous place<\/strong>,\u201d Trump told reporters yesterday in comments that expressed his pessimism that Iran would agree to stop enriching uranium. In reference to repeated threats that the US could bomb Iran if the talks fall apart, Iranian Defence Minister Aziz Nasirzadeh warned that Tehran would respond to any strikes with attacks on US bases in the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Escalation fears drove Brent crude prices up over 5% and past the USD 70 a barrel mark <\/strong><strong>during trading<\/strong>, before paring back gains to end the day 4.3% up at USD 69.77 a barrel. Safe-haven asset gold also saw an uptick in investor appetite, rising 1.3% to USD 3385.90 per troy ounce. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-11\/us-orders-partial-evacuation-of-iraq-embassy-as-tensions-rise?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5df91895-5de2-4d4e-a2d2-b41bc1c2bda3\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/us-embassy-iraq-preparing-ordered-evacuation-due-heightened-security-risks-2025-06-11\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/state-department-embassy-baghdad-f892ebd6a50850ef5650f31819541bff\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/national-security\/u-s-moves-to-withdraw-some-middle-east-personnel-as-tensions-rise-99f9f93a\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/politics\/2025\/06\/11\/state-department-embassy-baghdad\/e8d1a6a6-46ec-11f0-9210-87ee82efcc80_story.html\" style=\"\" rel=\"noopener\">Washington Post<\/a>) <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.&nbsp;<a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" rel=\"noopener\">Tap or click here<\/a><span style=\"background-color: transparent;\"> to get your own copy of EnterpriseAM UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>,<\/strong> and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p class=\"tag-border-left\"> OIL WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Opec still ex<\/strong><strong>pects oil to dominate the energy mix past mid-century:<\/strong> Oil cartel Opec expects global crude consumption to exceed 120 mn bbl\/d by 2050 as the world\u2019s population expands and total energy demand rises by 24%, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-demand-growth-continue-no-peak-sight-opec-secretary-general-says-2025-06-10\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing statements by Opec\u2019s Secretary General Haitham Al Ghais at the Global Energy Show in Canada. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mind the investment gap:<\/strong> Opec pegs the financing bill for energy investments at some USD 17.4 tn over the next 25 years, noting that it has long flagged the dangers of underinvestment given its bullish demand outlook. Al Ghais warned that failing to inject enough capital into upstream projects risks supply shortfalls, volatility, and broader energy security risks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AND- EU moves to delist UAE from money laundering blacklist<\/p>\n","protected":false},"author":1,"featured_media":104507,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1543],"tags":[57,610,872,1391,87,285,25,1042,266,384,98,6,96],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-104506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-adnoc","tag-artificial-intelligence","tag-bp","tag-debt","tag-dubai","tag-inflation","tag-investment-watch","tag-mgx","tag-oil-and-gas","tag-opec","tag-real-estate","tag-what-were-tracking-today","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"e40b7ed6-408d-468c-9e0a-3cbc075056f3","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/11\/998.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: Pakistani PM arrives in the UAE + MGX to invest in OpenAI\u2019s upcoming funding round?","related_issue":[104504],"teaser":"AND- EU moves to delist UAE from money laundering blacklist","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.fe174ee1-2daa-4a18-8982-8098cb66622c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS MORNING: Pakistani PM arrives in the UAE + MGX to invest in OpenAI\u2019s upcoming funding round? 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