ENERGY- <\/p>\n
#1- UAE, US sign MoU on energy, AI cooperation: <\/strong>The UAE and the US have signed an MoU to deepen collaboration in energy, AI, smart manufacturing, and AI in robotics, according to a statement<\/a>. The collaboration will focus on production planning, logistics, improving energy efficiency, managing smart grids, enabling predictive maintenance, and enhancing energy storage systems. This came during a meeting between President Sheikh Mohamed bin Zayed Al Nahyan and Doug Burgum, secretary of the United States Department of the Interior and chairman of the National Energy Dominance Council. <\/p>\n The two countries\u2019 private sectors are already cooperating across both industries: <\/strong>Adnoc signed three new agreements with US-based Gecko Robotics \u2014 a specialist in wall-climbing inspection robots for critical industrial assets \u2014 covering multi-year rollouts of robotics across Adnoc\u2019s assets, AI deployment for Adnoc Gas, potential localization of robotic systems manufacturing in the UAE, and joint skills development programs with Adnoc Technical Academy, state news agency Wam<\/a> reports. <\/p>\n The agreement will see AIQ \u2014 Adnoc\u2019s JV with Presight \u2014 venture into robotics for the first time<\/strong> through the deployment of the Cantilever operating system across Adnoc Gas. The deployment is expected to generate more than USD 300 mn maintenance and inspection cost savings over five years, enabling predictive maintenance, reducing shutdowns and extending asset life, according to a separate press release<\/a>. Under the three-year roadmap, Gecko will lead AI integration in phase one with joint deployment, data modeling before scaled access, and continuous optimization in years two and three. <\/p>\n ALSO- <\/strong>Adnoc <\/strong>is locking in a new four-party strategic agreement with Masdar<\/strong>, XRG and Microsoft <\/strong>to accelerate AI deployment across Adnoc\u2019s value chain while also developing sustainable energy solutions to power Microsoft\u2019s global AI and hyperscale data center expansion, Wam<\/a> reports.<\/p>\n Under the pact, <\/strong>Adnoc and Microsoft will jointly develop AI agents to enable autonomous operations and efficiency gains, with Microsoft providing AI tools and talent upskilling. Masdar and XRG join the collaboration to co-develop sustainable energy infrastructure that supports Microsoft\u2019s future AI load.<\/p>\n #2- Enoc, Petronas eye cooperation in oil and gas expiration:<\/strong> Emirates National Oil Company\u2019s (Enoc) subsidiary Dragon Oil signed an MoU with Malaysia\u2019s Petronas to enhance cooperation in oil and gas exploration and production, and support the exchange of technical expertise across the upstream sector, Wam<\/a> reports. The agreement establishes a framework to explore areas of technical and commercial collaborations and identify potential future joint projects, though it\u2019s not clear whether those projects will be based in the UAE or Malaysia. <\/p>\n Background: <\/strong>Petronas already operates oil and gas exploration concessions in Abu Dhabi, with the Abu Dhabi\u2019s Supreme Council for Financial and Economic Affairs (SCFEA) awarding<\/a> the firm a concession in Al Dhafra in September last year. <\/p>\n UAE energy firms have a history with Petronas: <\/strong>Adnoc\u2019s XRG signed<\/a> a production sharing contract with Petronas for Turkmenistan\u2019s Block I gas and condensate fields in the Caspian Sea earlier this year, while XRG and Petronas also signed a long-term gas sales agreement with State Concern Turkmengas as part of the transaction. Adnoc also signed<\/a> a 15-year sales and purchase agreement last December with Petronas to supply it with 1 mn tonnes of liquefied natural gas (LNG) annually from its LNG project in Al Ruwais. <\/p>\n REAL ESTATE-<\/p>\n Emaar, Saudi\u2019s Dallah Albaraka eye Cairo project: <\/strong>Emaar Misr, the Egyptian arm of Emaar properties, is in talks with Saudi Arabia\u2019s Dallah Albaraka Holding to explore possibly partnering to develop a new mixed-use project in Cairo, Emaar said in a disclosure (pdf)<\/a> to the EGX.<\/p>\n More details: <\/strong>The project will be with the Saudi company\u2019s subsidiary Samla and Alam Al Rum for Urban Development on a 380-feddan area in east Cairo and is expected to generate around USD 3.4 bn in revenues, <\/span>Asharq Business<\/a> reports, citing a source familiar with the matter Dallah Albaraka owns the land while Emaar Misr will handle development and management in exchange for 67% of the project\u2019s revenues, another source said.<\/span><\/p>\n LOGISTICS-<\/p>\n Emirates<\/strong> SkyCargo starts weekly freight service to Bangkok: <\/strong>Dubai-based Emirates SkyCargo has introduced a new weekly freight route to Bangkok\u2019s Suvarnabhumi Airport, according to a press release<\/a>. The new route brings its East and Southeast Asia freight network to 11 destinations, and its overall global network to 43. <\/p>\n Behind the move: <\/strong>Emirates SkyCargo aims to tap into Thailand\u2019s current focus on importing and exporting tech products as the country looks to develop its advanced manufacturing sectors. The UAE is a key global trade connecto<\/a>r<\/a> to China and ASEAN markets, with the area forming a central part of SkyCargo\u2019s 2026 expansion plan, the statement read.<\/p>\n HOSPITALITY-<\/p>\n SKH<\/a><\/strong>Private Family Office<\/a><\/strong> will acquire and redevelop The Cove Ro<\/strong>tana <\/strong>Resort in Ras Al Khaimah under an AED 500 mn investment<\/strong>, after the family office inked an agreement with the Abu Dhabi-based real estate developer, according to a press release<\/a>. The transaction covers both the takeover and full upgrade of the resort including guest rooms, villas, F&B outlets, leisure spaces, and the addition of new towers. Rotana is set to reassume full management for 15 years starting from December.<\/p>\n ADVISORS- <\/strong>Rasmala Investment Bank acted as financial advisor on the transaction.<\/p>\n CRYPTO-<\/p>\n Du<\/a><\/strong> just became the first telco in the UAE to roll out cloud mining-as-a-service for retail<\/strong> residents<\/strong>, according to a press release<\/a>. The new Cloud Miner product \u2014 launched under du Tech \u2014 lets UAE residents take part in BTC mining using rented compute power through du\u2019s domestic data center footprint, with subscriptions auctioned online between 3-9 November. <\/p>\n The details: <\/strong>The product aims to serve as a regulated entry point into crypto mining for UAE residents. Subscribers will sign 24-month contracts with 250 TH\/s capacity. <\/p>\n SPACE-<\/p>\n UAE<\/strong> spacetech firm Space42 has launched three new satellites into orbit<\/strong>, bringing its total Foresight Earth Observation constellation to five, according to a press release (pdf)<\/a>. Foresight-3, Foresight-4, and Foresight-5 lifted off from Cape Canaveral Space Force Station in Florida, where the Thuraya 4 telecom satellite also launched<\/a>.<\/p>\n About the satellites: <\/strong>The systems provide high-resolution imaging of Earth\u2019s surface regardless of weather or lighting conditions, enabling real-time tracking of small objects and surface changes for government and industry uses.<\/p>\n ICYMI- <\/strong>The satellites were shipped to the US last month<\/a> and mark the UAE\u2019s first deployment of advanced SAR satellites. Foresight-1 launched last year<\/a>, followed by Foresight-2 in January<\/a>, as part of Space42\u2019s growing Earth observation constellation, set to be finalized by 2027.<\/p>\n AVIATION-<\/p>\n HSBC to fund<\/strong> Emirates\u2019 six-plane orderbook:<\/strong> Dubai\u2019s flagship carrier Emirates tapped HSBC to finance the uptake of six new Airbus A350-900 aircraft, according to a statement<\/a>. Five of the six carriers have already been financed<\/a> through the Japanese Operating Lease with Call Option (Jolco) structures, while financing for the remaining plane is currently in motion. The exact size of the facility was not disclosed. <\/p>\n Background:<\/strong> Emirates inked a lease agreement<\/a> with the bank for four of the aircraft back in March, as it looks to diversify funding sources to support its fleet expansion plans. The airline has some 65 Airbus<\/a> A350-900 carriers in total<\/a> \u2014 with deliveries scheduled to run through till 2028. It tapped Emirates NBD in September<\/a> to finance the uptake of two Boeing 777-200 long-range freighter aircraft.<\/p>\n DATA POINT<\/strong>-<\/strong> At present, Emirates operates a fleet of over 260 aircraft \u2013 dominated by long-haul aircraft models Boeing 777s and Airbus A380s. The airline maintains one of the largest orderbooks globally, with up to<\/a> 205 Boeing 777Xs and 35 Boeing 787 Dreamliners on top of the 65 A350s on order.<\/p>\n COMMODITIES-<\/p>\n Arab Express Business Service to invest AED 300 mn in gold and diamond stores: <\/strong>Business services provider Arab<\/a>Express Business Services<\/a> plans to invest AED 300 mn (USD 82 mn) to open 15 gold and diamond stores across the UAE by 2030 \u2014 with Saudi Arabia, Qatar, Kuwait and Oman also in the pipeline for future GCC expansion targets \u2014 Chairman and Founder Mustafa Nezami told Al Khaleej<\/a>. The firm opened a branch in Dubai\u2019s Madina Mall and the first Abu Dhabi location is slated to open next in Musaffah. <\/p>\n","protected":false},"excerpt":{"rendered":" Plus: Emaar eyes new mixed-development project in Egypt<\/p>\n","protected":false},"author":1,"featured_media":109068,"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":[1552],"tags":[47,306,107,1468,23,184,222,7,477,99,534,98,118,397,492],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-109067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-aviation","tag-crypto","tag-du","tag-egypt","tag-emaar","tag-emirates-airlines","tag-enterpriseam-uae","tag-hospitality","tag-logistics","tag-ras-al-khaimah","tag-real-estate","tag-saudi-arabia","tag-space","tag-space42","wpautop","entry"],"acf":{"mongo_id":"b204dcc8-3321-4eb4-abbe-7268c1009e3c","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/11\/117.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE, US boost AI ties in the energy space","related_issue":[109050],"teaser":"Plus: Emaar eyes new mixed-development project in Egypt","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.6651cbc0-4273-4f6c-b60d-967f40036d0b.mp3"},"yoast_head":"\n
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