{"id":107283,"date":"2025-09-09T00:00:00","date_gmt":"2025-09-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/adnoc-gas-is-joining-the-ftse-emerging-index\/"},"modified":"2025-09-09T00:00:00","modified_gmt":"2025-09-09T00:00:00","slug":"adnoc-gas-is-joining-the-ftse-emerging-index","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/09\/09\/adnoc-gas-is-joining-the-ftse-emerging-index\/","title":{"rendered":"Adnoc Gas is joining the FTSE Emerging Index"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, ladies and gentlemen.<\/strong> We have a busy issue today, packed with plenty of investment and capital markets stories, leading with du\u2019s follow-on offering kicking off yesterday. The secondary sale, which will entail Mubadala\u2019s Mamoura selling down its stake, will see the new shares trading on the DFM next week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> ADGM cemented its position as the region\u2019s premier IFC on the back of surging AUM, while Modon is reportedly planning to invest some EGP 45 bn in infrastructure projects in Egypt\u2019s Ras El Hekma.<\/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- Adnoc Gas will be added to the FTSE Emerging Index on Monday, 22 September<\/strong> \u2014 a move market analysts say could channel more than USD 250 mn in passive inflows into the stock, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/9\/431.pdf\" style=\"\" rel=\"noopener\">a press release (pdf)<\/a>. The upgrade comes a little under four months after Adnoc Gas was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/14f2159b-4ce6-47c2-ae91-6554c6faa6e9\/adnoc-gas,-dewa,-salik-join-msci-emerging-markets-index-%2B-apex-investment,-bank-of-sharjah-added-to-small-cap-index\" style=\"\" rel=\"noopener\">included in the MSCI Emerging Markets Index<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/14f2159b-4ce6-47c2-ae91-6554c6faa6e9\/adnoc-gas,-dewa,-salik-join-msci-emerging-markets-index-%2B-apex-investment,-bank-of-sharjah-added-to-small-cap-index\" style=\"\" rel=\"noopener\"><\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Adnoc Gas raised USD 2.5 bn in its ADX IPO in 2023 before its parent company Adnoc sold down an additional part of its interest in a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/98cba81a-d052-4a89-a4ee-e21db322a5b8\/adnoc-completes-sale-of-4%2525-stake-in%253cmark%253e-adnoc-gas%253c%2Fmark%253e-to-investors\" style=\"\" rel=\"noopener\">USD 2.8 bn<\/a> follow-on offering back in February.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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>TAIC plots USD 1 bn asset shift:<\/strong> The Arab Investment Co. (TAIC) tapped Saudi Arabia\u2019s Jadwa Investment to reallocate USD 1 bn from the sale of legacy holdings, CEO Abdullah Bakhraibah tells <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-08\/mideast-wealth-fund-taps-jadwa-to-shift-1-billion-in-assets\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The move is part of a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4ef9fa18-6aa3-4a21-bf78-50d46b50dcf3\/this-morning:-adnoc-drilling-eyes-another-acquisition-in-kuwait-and-oman-%2B-fuel-prices-are-down-marginally-in-august\" style=\"\" rel=\"noopener\">turnaround plan<\/a> that will see TAIC exit its entire USD 1.2 bn portfolio of bonds and letters of credit to focus on public equities, private markets, and venture capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>TAIC, backed by 17 governments, outlined plans last month to sell its legacy portfolio and pivot toward sectors such as healthcare, education, industrials, and technology \u2014 with 20 transactions targeted across shareholder nations. The UAE is its third-largest investor with a 13.5% stake, behind Saudi Arabia and Kuwait.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>TAIC aims to redeploy as much as USD 800 mn by year-end, Bakhraibah said, in line with a broader shift among Gulf sovereign funds toward higher-yielding alternative assets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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- <\/strong><strong>Cyprus eyes UAE role in EUR 1.9 bn subsea cable:<\/strong> Cyprus is talking to the UAE about possible cooperation on a power link \u2014 financially backed by the EU \u2014 connecting Greece, Cyprus, and eventually Israel, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/cyprus-talks-uae-over-european-subsea-cable-project-president-says-2025-09-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> quotes Cypriot President Nikos Christodoulides as saying. Christodoulides met with President Mohamed bin Zayed Al Nahyan to discuss \u201cthe possibility of a joint partnership... to invest in other areas related to this project,\u201d the Cypriot President said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The approach comes as the EUR 1.9 bn project faces repeated delays and is currently under investigation by European prosecutors for possible criminal offenses. Slated for completion by 2030, the fully extended 1.2k km-long, 3k meter-deep cable is set to be the world\u2019s longest and deepest high-voltage direct current interconnector. Abu Dhabi\u2019s Taqa expressed interest in participating in the project <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/5195a8cc-86ac-46a0-97b9-f3ad16925331\/taqa-to-work-on-europe-middle-east-power-connector%3F-%2B-emsteel-eyes-celsa%25e2%2580%2599s-european-mills\" style=\"\" rel=\"noopener\">last year<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINTS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gross <\/strong><strong>bank assets grew 1.9% m-o-m to <\/strong><strong>AED 5 tn <\/strong><strong>in June<\/strong>, according to the Central Bank of the UAE\u2019s latest monetary and banking developments <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/9\/432.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>. Gross credit rose 1.8% to AED 2.3 tn, driven by AED 22.5 bn in domestic credit and an AED 18.4 bn growth in foreign credit. Within domestic credit, lending to non-banking financial institutions increased 4.6% and private sector credit went up 2.1%, while credit to government-related entities decreased by 2.3% and credit to the government sector went down 0.4%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total bank deposits increased 0.9% m-o-m to AED 3.0 tn<\/strong>, as resident deposits rose 1.7% to AED 2.8 tn, despite a 7.2% decrease in non-resident deposits to AED 257.2 bn. Among resident deposits, deposits from non-banking financial institutions increased by 26.7%, followed by government-related entities deposits (+2.3%), and private sector deposits (+1.7%), while government sector deposits declined 1.6%. <\/p>\n<p class=\"tag-border-left\">PSAs- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>RTA to regulate tourist transport permits: <\/strong>Dubai\u2019s Roads and Transport Authority (RTA) will now be responsible for issuing and renewing permits for tourist transport firms, registering and renewing vehicles, and licensing drivers, under new regulations enacted yesterday, according to a <a target=\"_blank\" href=\"https:\/\/www.rta.ae\/wps\/portal\/rta\/ae\/home\/news-and-media\/all-news\/NewsDetails\/issuing-new-executive-regulation-governing-tourist-transport-in-dubai\" style=\"\" rel=\"noopener\">statement<\/a>. Applications must be submitted through RTA\u2019s approved service channels.<\/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\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.worldhealthexpo.com\/events\/healthcare\/tech\/en\/home.html\" style=\"\" rel=\"noopener\">DigiHealth WHX-Tech Expo<\/a><\/strong><strong> is on <\/strong><strong>until<\/strong><strong> tomorrow <\/strong>at the World Trade Center in Dubai. The WHX event brings together C-suite executives, procurement heads, government officials, and investors for keynote addresses and exhibitions discussing new digital health solutions targeting global health obstacles. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/upc28dubai.post\/\" style=\"\" rel=\"noopener\">Universal Postal Congress<\/a><\/strong><strong> kicked off yesterday and will continue until Friday <\/strong>at the Dubai World Trade Center. The union\u2019s 192 member countries will meet to set policies and strategy for the coming year, with this year\u2019s congress looking to adopt advanced tech under the theme \u201cLeading the Change, Creating the Future.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Du\u2019s tech event <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.du.ae\/about\/media-centre\/newsdetail\/du-announces-the-third-edition-of-envision\" style=\"\" rel=\"noopener\">Envision<\/a><\/strong><strong> is starting today<\/strong> at Atlantis, The Royal in Dubai. The event will bring together decisionmakers, tech partners and industry leaders for a conference and exhibition focusing on the digital transformation in areas like data centers, sovereign cloud, and cloud computing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/blahsbt-international-government-communication-forum\" style=\"\" rel=\"noopener\">International Government Communication<\/a><\/strong><strong> Forum is happening tomorrow and<\/strong><strong> on Thursday <\/strong>at Expo Centre Sharjah. Hosted by the Sharjah Government Media Bureau, the two-day event will feature panel discussions, workshops, and keynote speeches focused on using strategic communication to develop five global priorities: food security, public health, education, environmental sustainability, and green economy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong><a target=\"_blank\" href=\"https:\/\/realestateshow.ae\/abouttheshow.html\" style=\"\" rel=\"noopener\">International Real Estate and Investment Show<\/a><\/strong><strong> Abu Dhabi is taking place from Friday<\/strong><strong> until Sunday <\/strong>in Abu Dhabi. The conference brings together global developers and investors for insights into investment and market trends in the Middle East, Europe, and Asia Pacific regions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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>The front pages are shining the spotlight on US President Donald Trump and his past ties <\/strong><strong>to Jeffrey Epstein<\/strong>, after House Democrats released \u2014 in a <a target=\"_blank\" href=\"https:\/\/x.com\/OversightDems\/status\/1965125560016994708\" style=\"\" rel=\"noopener\">post on X<\/a> \u2014 what they say is a handwritten birthday note from Trump to the convicted deceased fund manager. The message, allegedly referencing a \u201cwonderful secret\u201d the two shared, appears in a birthday book compiled for Epstein by his former accomplice Ghislaine Maxwell. Trump denied writing the note, and his chief of staff Taylor Budowich claimed the image is fake. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-08\/epstein-letter-allegedly-from-trump-released-by-house-democrats?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/09\/08\/trump-epstein-birthday-book-oversight.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/09\/08\/us\/politics\/epstein-trump-birthday-book.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cvgqnn4ngvdo\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/2025\/sep\/08\/trump-epstein-birthday-letter\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2025\/09\/08\/trump-letter-epstein-birthday-drawing-democrats\" style=\"\" rel=\"noopener\">Axios<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/house-democrats-release-alleged-trump-birthday-letter-epstein-2025-09-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND IN US MARKETS- Nasdaq hits a fresh high ahead of key inflation data:<\/strong> The tech-heavy Nasdaq closed at an all-time high yesterday as investors braced for fresh US inflation figures out later this week. Chipmakers Broadcom and Nvidia were up 3% and 1%, respectively, pushing the index up 0.45%. The S&P 500 and the Dow Jones also closed in the green. Analysts say markets are pricing in a Fed rate cut this month, especially after last week\u2019s underwhelming jobs report, <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/09\/07\/stock-market-today-live-updates.html\" style=\"\" rel=\"noopener\">CNBC<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ACROSS THE ATLANTIC- France\u2019s government collapses amid budget standoff:<\/strong> French Prime Minister Fran\u00e7ois Bayrou\u2019s nine-month-old government was toppled yesterday after losing a confidence vote in parliament, deepening France\u2019s fiscal and political crisis. Bayrou\u2019s unpopular austerity plan \u2014 including tax hikes, spending cuts, and scrapping two public holidays \u2014 was rejected by a wide opposition front. His ouster leaves President Emmanuel Macron scrambling to name his fifth prime minister in less than two years. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7122b003-71c8-41e1-a968-1cc81f736939\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/french-parliament-ousts-prime-minister-deepening-political-crisis-2025-09-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/live\/c5yqgnzw759t\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/09\/08\/world\/europe\/france-vote-government-collapse.html\" style=\"\" rel=\"noopener\">New York Times<\/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 and Hassan Allam Properties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/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\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industry?<\/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\"> MARKET WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Goldman S<\/strong><strong>achs expects a slightly larger oil surplus in 2026<\/strong>, revising its estimate to 1.9 mn bbl\/d, up from 1.7 mn bbl \/ d, with the change tied to faster expected OECD stock builds between late 2025 and late 2026, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/goldman-sachs-expects-slightly-larger-oil-surplus-2026-2025-09-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Price forecasts: <\/strong>The investment bank left its 2025 Brent and WTI price forecasts unchanged, and now sees 2026 averages at USD 56 and USD 52, Reuters said. Goldman linked Opec+\u2019s decision to begin unwinding 1.65 mn bbl \/ d of cuts to still-low OECD commercial stocks, but stressed that the group is likely to retain flexibility and could pause quota increases from early 2026 if inventories begin to rise.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S&P Global is also projecting weaker crude prices by year-end<\/strong>, with dated Brent seen falling toward USD 55 a barrel as Opec+ continues to release additional supply, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/sp-global-expects-dated-brent-crude-hit-55-per-barrel-by-year-end-2025-09-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports separately, citing co-president Dave Ernsberger of S&P Global Commodity Insights. Dated Brent under pins more than 60% of global oil trade and serves as a key benchmark for futures pricing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Prices could dip below that level if surpluses deepen<\/strong>, Russian flows remain steady, and commercial stock-building slows, Ernesberger said. Under such conditions, futures markets could swing into wider contango, with prompt crude priced below forward contracts \u2014 a signal of ample supply. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Opec+ will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/edition\/am\/097d29f3-0d89-4a03-ae3b-618471cd2283\/\" style=\"\" rel=\"noopener\">raise<\/a> output again next month, approving an additional 137k bbl\/d from October as part of its accelerated rollback supply cuts. The cartel said that it will continue monthly hikes through September 2026, fast-tracking the return of 1.65 mn bbl\/d that was previously set to stay offline until the end of 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\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\"><strong>The Brent<\/strong><strong>-Dubai spread is set to stay negative as demand for heavier Middle <\/strong><strong>Eastern grades holds firm<\/strong>, even with rising Opec supply, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/totalenergies-sees-brent-dubai-crude-price-gap-remaining-negative-2025-09-08\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing TotalEnergies trading chief Rahim Azouni. The tighter spread has made sweeter crudes more appealing for Asian refiners relative to Middle East sour grades, while also reopening the arbitrage for US barrels to move into Asia. On Monday, the Brent-Dubai Exchange of Futures for Swaps (EFS) narrowed by USD 0.12 to USD 0.47 per barrel. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Cyprus wants the UAE to join in on EUR 1.9 bn subsea cable project<\/p>\n","protected":false},"author":1,"featured_media":107284,"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":[1121,29,157,7,161,1342,300,266,384,389,5,6],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-107283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-adnoc-gas","tag-capital-markets","tag-central-bank-of-the-uae","tag-enterpriseam-uae","tag-infrastructure","tag-investment","tag-israel","tag-oil-and-gas","tag-opec","tag-opec-2","tag-roads-and-transport-authority","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"3b5251df-5022-4851-bde4-b5b5a7d1157e","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/4\/1950.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: Adnoc Gas is joining the FTSE Emerging Index","related_issue":[107281],"teaser":"PLUS: Cyprus wants the UAE to join in on EUR 1.9 bn subsea cable project","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.6ac1230e-ff5f-4d5e-a545-54b59b6ab6bb.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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