{"id":109184,"date":"2025-11-06T00:00:00","date_gmt":"2025-11-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/this-morning-aed-170-bn-in-roads-transport-upgrades-emirates-nbd-to-launch-open-offer-for-rbl-bank-in-december\/"},"modified":"2025-11-06T00:00:00","modified_gmt":"2025-11-06T00:00:00","slug":"this-morning-aed-170-bn-in-roads-transport-upgrades-emirates-nbd-to-launch-open-offer-for-rbl-bank-in-december","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/11\/06\/this-morning-aed-170-bn-in-roads-transport-upgrades-emirates-nbd-to-launch-open-offer-for-rbl-bank-in-december\/","title":{"rendered":"THIS MORNING: AED 170 bn in roads, transport upgrades + Emirates NBD to launch open offer for RBL Bank in December"},"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 packed issue for you this morning as Adipec brings about a slew of energy news \u2014 from projects here at home to acquisitions and partnerships abroad. We have a rundown of both in the news well, below, along with how the UAE\u2019s non-oil private sector fared in October, plans from Microsoft to expand data center capacity by some 200 MW, and Sharjah Islamic Bank\u2019s new USD 500 mn sukuk issuance \u2014 and a lot more. Let\u2019s dive in.<\/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\">Introducing EnterpriseAM MENA <> India<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The flow of capital, talent, and trade between MENA and the Indian subcontinent is one of the most important economic stories in the world. And we\u2019re telling it the way only we can.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">EnterpriseAM MENA <> India is our new briefing, published every Monday, Wednesday, and Friday, to track the transactions, trends, and market moves connecting these two dynamic regions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">If you\u2019re investing, trading, or scouting for your next big move in MENA or India, EnterpriseAM MENA <> India delivers the strategic intelligence you need \u2014 connecting insights emerging from Arabian Sea to Mediterranean to guide your decisions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The first edition lands this Monday. Subscribe by tapping <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sub.ent.news\/mena-india\" style=\"\" rel=\"noopener\">here<\/a><\/strong><strong>.<\/strong> <\/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>WEATHER- Yesterday\u2019s dust has yet to settle<\/strong>, with dusty, hazy conditions set to continue today. Dubai will see a high of 33\u00b0C, and an overnight low of 24\u00b0C, while Abu Dhabi will see a high of 32\u00b0C and an overnight low of 22\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- A fourth highway and AED 170 bn in roads and transport projects?<\/strong> The UAE is working on a package of AED 170 bn in roads and transport projects aimed at easing traffic congestion, consisting of both expansions of major roads and construction of new ones, as well as new modes of public transport, by 2030, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bmkc6hq-suhail-mazrouei-announces-aed170-billion\" style=\"\" rel=\"noopener\">Wam<\/a> quotes Energy and Infrastructure Minister Suhail Al Mazrouei as saying at the UAE annual government meetings. The plan includes: <\/p>\n<ul>\n<li>Studying a <strong>fourth, 120km federal highway<\/strong> spanning 12 lanes;<\/li>\n<li>adding three lanes to <strong>Etihad Road<\/strong>, increasing its capacity by 60%; <\/li>\n<li>and expanding <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/24719287-77f7-49ea-b9f4-dc41b54d2f91\/this-morning:-new%253cmark%253e-emirates-road%253c%2Fmark%253e-upgrade-to-cut-dubai-ras-al-khaimah-travel-time-%2B-dubai-approves-autonomous-heavy-vehicle-regulations\" style=\"\" rel=\"noopener\">Emirates Road<\/a><\/strong> to 10 lanes under a AED 750 mn project.<\/li>\n<\/ul>\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- E<\/strong><strong>mir<\/strong><strong>ates NBD will launch its <\/strong><strong>open offer for Mumbai-listed RBL Bank\u2019s public shares <\/strong><strong>on Friday 12, December<\/strong>, with the tender period closing on Friday, 26 December, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/452.pdf\" style=\"\" rel=\"noopener\">filing (pdf)<\/a> to the NSE. The offer price remains set at INR 280 per share, as announced in October, while RBL shares last closed at INR 322.3. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Emirates NBD\u2019s board approved a plan last month to acquire 51-74% of India\u2019s RBL Bank through <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/879631e5-d1d0-41e2-8f32-53f3942aa99c\/enbd-moves-to-acquire-majority-stake-in-india%25e2%2580%2599s%253cmark%253e-rbl%253c%2Fmark%253e-bank\" style=\"\" rel=\"noopener\">a USD 3 bn preferential share issuance<\/a>, marking what would be the largest foreign investment in India\u2019s financial sector. The size of the preferential allotment will depend on how much of the open offer is taken up.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>ENBD tapped EY, JP Morgan, and NeoStrat Advisors as financial advisors and Shardul Amarchand Mangaldas & Co as counsel. AZB & Partners is providing counsel to RBL.<\/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>#3- <\/strong><strong>The holding group of the Varkey family, <\/strong><strong>which is behind GEMS Education, Varke<\/strong><strong>y Group, is reportedly in talks with regional lenders over <\/strong><strong>a USD 400 mn debt facility<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-04\/dubai-education-tycoon-s-firm-said-to-raise-400-million-in-debt\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people it says are familiar with the matter. The company is in negotiations with financiers including First Abu Dhabi Bank, Dubai Islamic Bank, and alternative investment manager Synergy Capital. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The financing package could be upsized<\/strong> if additional banks join the syndicate and is expected to be used primarily to refinance existing obligations, the sources said. <\/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>#4- <\/strong><strong>Dubai<\/strong><strong>-based investment firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.legatum.com\/\" style=\"\" rel=\"noopener\">Legatum<\/a><\/strong><strong> is looking to raise USD 500 mn for<\/strong><strong> its <\/strong><strong>new humanitarian fund <\/strong>\u2014 Resilio \u2014 focused on local crisis response through front-line actors, <a target=\"_blank\" href=\"https:\/\/www.thenationalnews.com\/news\/uae\/2025\/11\/05\/500m-fund-to-tackle-humanitarian-crises-launched-in-dubai\/\" style=\"\" rel=\"noopener\">The National<\/a> reports. The fund has anchor commitments from the Vitol Foundation, UBS Optimus Foundation, Irene M. Staehelin Foundation, and Quadrature Climate Foundation, with further commitments expected. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So far<\/strong>, the firm has already deployed grants into Myanmar, Ethiopia, Somalia, Lebanon, India, and the Philippines, and is now evaluating Gaza and Syria as next deployment markets. Resilio is its fourth fund, with the previous three having raised over USD 1 bn, and will follow the same model of investing in local NGOs.<\/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\"><a id=\"wwtt3\"><\/a> <strong>The <\/strong><strong>UAE has invested over GBP 20 bn in the UK<\/strong> \u2014 double the originally earmarked GBP 10 bn, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-05\/abu-dhabi-invests-20-billion-in-the-uk-double-its-2021-pledge\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing sources familiar with the matter. The original 2021 pledge, made <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/en\/news\/uae-invest-10-billion-priority-uk-industries\" style=\"\" rel=\"noopener\">under a partnership<\/a> between sovereign wealth fund Mubadala and the UK\u2019s Investment Office, and targeting key sectors like the energy transition, tech, and infrastructure, included a plan to increase the amount pledged \u2014 and the UAE has exceeded even that, the sources said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the push? <\/strong>The UK has long courted UAE funding by way of state visits. Yet sticking points remain, including competition from the US and other European countries for Gulf investments, as well as recent developments regarding UK limits on foreign-state media ownership \u2014 after it initially blocked an Abu Dhabi-backed IMI bid <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9f5a8498-d89b-4e39-a2c6-b9638ecad347\/this-morning:-sharjah-eyes-rmb-denominated-loan-%2B-emirates-nbd-back-in-talks-with-india%25e2%2580%2599s-rbl-bank%3F\" style=\"\" rel=\"noopener\">to take over The Telegraph newspaper<\/a>. The government later <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9f5a8498-d89b-4e39-a2c6-b9638ecad347\/this-morning:-sharjah-eyes-rmb-denominated-loan-%2B-emirates-nbd-back-in-talks-with-india%25e2%2580%2599s-rbl-bank%3F\" style=\"\" rel=\"noopener\">approved legislation<\/a> to allow foreign states up to 15% in UK newspapers, though, which allows IMI to retain a minority stake. <\/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 TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The world\u2019s biggest oil and gas forum, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.adipec.com\/?utm_source=google-search&utm_medium=cpc&utm_term=adipec%202025&utm_content=&utm_campaign=ADIPEC%20Visprom%20Branded%20Africa%20RN%20Search%20Paid%202025\" style=\"\" rel=\"noopener\">Adipec<\/a><\/strong><strong>, is on its fourth and final day <\/strong>at the Abu Dhabi National Exhibition Center. The energy mega-event brings together global oil and gas, hydrogen, clean tech, and industrial strategy players, alongside ministers and climate negotiators, to discuss building a resilient energy sector and developing intelligent solutions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/arabal.com\/\" style=\"\" rel=\"noopener\">Arabal International Aluminum Conference<\/a><\/strong><strong> also wraps today<\/strong> at the Dubai Exhibition Center. The event gathers regional producers, OEMs, and technology players to discuss industrial decarbonization, supply chain competitiveness, and global metal demand cycles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.gulfoodmanufacturing.com\/\" style=\"\" rel=\"noopener\">Gulfood Manufacturing<\/a><\/strong><strong> also wraps today<\/strong>at Dubai World Trade Center. The F&B manufacturing event will bring processing, supply, logistics, packaging, and automation players together for exhibitions showcasing the latest developments in the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dubaidesignweek.ae\/\" style=\"\" rel=\"noopener\">Dubai Design Week<\/a><\/strong><strong> is on its third day and runs through Saturday <\/strong>at Dubai Design District. Designers, studios, universities, brands, and collectors will meet for workshops, exhibitions, a marketplace, and talks to showcase innovation, materiality, and future-forward design. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- The UAE Government Annual Meetings wrap today<\/strong><strong> in Abu Dhabi.<\/strong> The series of meetings brings together more than 500 senior officials and government leaders for three days of policy coordination, national briefings, and strategic priority alignment. On the agenda: the economy, investment, AI, healthcare, and traffic congestion.<\/p>\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>#1- US Treasury Department's top sanctions official John Hurley arrives<\/strong><strong> in the region on Friday<\/strong>, with a plan to visit Israel, the UAE, Turkey, and Lebanon, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/top-us-sanctions-official-travel-middle-east-europe-discuss-maximum-pressure-2025-10-31\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing a statement they\u2019ve seen. The visit marks his first to the region since taking office, and will discuss pressure against Iran, with his UAE leg also focusing on combating money laundering and the financing of terrorism. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- A UAE delegation is attending the China International Import Expo u<\/strong><strong>ntil Monday, 10 November in Shanghai<\/strong>, according to the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/economy\/on-behalf-of-the-uae-president-theyab-bin-mohamed-bin-zayed-to-lead-uae-delegation-at-ciie-2025-in-china\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a>. The delegation, led by Deputy Chairman of the Presidential Court for Development Theyab Al Nahyan, is attending on behalf of President Mohamed bin Zayed Al Nahyan. The six-day expo will focus on deepening bilateral investment ties and exploring cooperation in key sectors like advanced technology, clean energy, food security, and logistics. <\/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>A battle in the courts over Trump tariffs is making the headlines this morning<\/strong>. Arguments in front of the US Supreme Court yesterday indicated a ruling that could be represent a huge blow to Trump\u2019s economic and foreign policy. A number of conservative judges joined liberals in questioning the legality of blanket tariffs \u2014 announced by Trump back in April at his \u201cLiberation Day\u201d event \u2014 as an overreach of executive power. (<a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/politics\/2025\/11\/05\/tariffs-trump-supreme-court-arguments\/\" style=\"\" rel=\"noopener\">Washignton Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/supreme-court-weighs-legality-tariffs-major-test-trumps-power-2025-11-05\/%5C\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/supreme-court-trump-tariffs-6de9d1a477ddd59b995e8b87edf86372\" style=\"\" rel=\"noopener\">Associated Press<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The challenges come at a fraught time for Republicans: <\/strong>Trump lashed out at Senate Republicans asking them to use a maneuver to end the longest-ever government shutdown. The 36-day spill is weighing down on the economy., forcing the government to <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3e5d7750-1b79-402f-b066-a2c355153ada\" style=\"\" rel=\"noopener\">cut flights at airports<\/a>, and <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/government-shutdown-longest-trump-republican-senators-democrats-9712df6c11ef19c5df8f18c8a4f7b341\" style=\"\" rel=\"noopener\">harming the party at high-profile elections<\/a>, evident in local victories in New York, Virginia, New Jersey and elsewhere that set the stage for huge Republican losses at midterm elections a year from now.<\/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>, 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>O<\/strong><strong>pec\u2019s cru<\/strong><strong>de output rose in October to some 28.43 mn bbl \/ d, around 30k bbl \/ d above <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c8770ce4-c075-4b01-b198-e7ee21b13ee8\/\" style=\"\" rel=\"noopener\">September\u2019s<\/a><\/strong><strong> figures<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/opec-oil-output-rises-by-30000-bpd-october-survey-finds-2025-11-04\/\" style=\"\" rel=\"noopener\">Reuters<\/a> survey. The increase was driven mainly by Saudi Arabia and Iraq and comes even as Opec+ started implementing additional curbs on select members to offset previous overproduction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mixed signals: <\/strong>Five Opec producers \u2014 Algeria, Iraq, Kuwait, Saudi Arabia, and the UAE \u2014 were expected to collectively boost supply by 86k bbl \/ d in October before accounting for 140k bbl \/ d in compensation cuts from Iraq and the UAE. The survey found their actual combined increase hit 114k bbl \/ d, with production estimates for Iraq and the UAE remaining disputed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some fluctuation:<\/strong> Opec secondary-source data suggests adherence to quotas, while other trackers, including the International Energy Agency, see materially higher flows. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Opec+ had agreed on a 137k bbl \/ d increase for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/dec3ebcc-a13c-4872-8c1b-7202f8ceace6\/\" style=\"\" rel=\"noopener\">October<\/a>, unwinding the 1.65 mn bbl \/ d voluntary cuts layer, after they initially unwound the full 2.2 mn bbl \/ d layer by end-September. It is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/8788dcc9-741f-4ab6-a3e2-3821a1885640\/this-morning:-alpha-dhabi-to-sell-stake-in-aldar%3F-%2B-we%25e2%2580%2599re-paying-less-at-the-pump-in-november\" style=\"\" rel=\"noopener\">set to pause hikes in 1Q 2026<\/a> after following through with a supply increase in November and December. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: UAE has invested over GBP 20 bn in the UK, double its original 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