{"id":88459,"date":"2024-01-29T00:00:00","date_gmt":"2024-01-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/adnoc-eyes-european-petrochemical-ma-to-keep-it-resilient-through-decarbonization\/"},"modified":"2024-01-29T00:00:00","modified_gmt":"2024-01-29T00:00:00","slug":"adnoc-eyes-european-petrochemical-ma-to-keep-it-resilient-through-decarbonization","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/01\/29\/adnoc-eyes-european-petrochemical-ma-to-keep-it-resilient-through-decarbonization\/","title":{"rendered":"Adnoc eyes European petrochemical M&A to keep it resilient through decarbonization"},"content":{"rendered":"

Abu Dhabi National Oil Company\u2019s (Adnoc) pivot towards petrochemicals <\/strong>in the climate fight <\/strong>got a long feature in Reuters<\/a>. The energy firm is planning a hefty USD 40 bn in European M&A in the petrochemicals sector, which is one of the few resilient energy sectors expected to persist until 2050, even if decarbonization efforts succeed, the newswire wrote. <\/p>\n

ALSO FROM REUTERS- <\/strong>The newswire<\/a> also delved into the various signs pointing to Dubai\u2019s real estate market boom decelerating, from declining FX inflows from China and Russia to house prices potentially falling<\/a> on the back of surging inflation, unpredictable interest rate environment, and the impacts of the war in Gaza, Reuters cites sources as saying. <\/p>\n

Emirates is sticking by Qantas Airways:<\/strong> Emirates CEO Tim Clark told Sky News Australia (watch, runtime:<\/a>9:59<\/a>) that the Emirati airline won\u2019t be ending its alliance with its Australian counterpart Qantas Airways<\/a> amid the latter\u2019s recent challenges, including the impact of Australia\u2019s lockdown during the pandemic and more recently, the resignation of its CEO Alan Joyce. Clark expressed confidence that Qantas would be restored \u201cto its former glory by doing the basics that people want\u201d under a new management team.<\/p>\n","protected":false},"excerpt":{"rendered":"

The petrochemicals sector is expected to be persist beyond 2050 if decarbonization efforts succeed<\/p>\n","protected":false},"author":1,"featured_media":88460,"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":[1551],"tags":[57,306,284,1444,7,285,761,98,760,198,41],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uae-in-the-news","tag-adnoc","tag-aviation","tag-china","tag-emirates","tag-enterpriseam-uae","tag-inflation","tag-qantas","tag-real-estate","tag-reuters","tag-russia","tag-uae-in-the-news","wpautop","entry"],"acf":{"mongo_id":"7e90c6cf-42d2-49e0-bb12-1ea09a8bf0f1","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1853.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Adnoc eyes European petrochemical M&A to keep it resilient through decarbonization","related_issue":[88437],"teaser":"The petrochemicals sector is expected to be persist beyond 2050 if decarbonization efforts succeed","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.354543e8-fb4f-48f0-b183-f202cd94288d.mp3"},"yoast_head":"\nAdnoc eyes European petrochemical M&A to keep it resilient through decarbonization - 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