Company Insights Adnoc Oil & Gas Adnoc News Opinion Trade Trump in the Gulf: There’s substance behind the hype Was it all just for show? The investment agreements 'signed' during the trip are clearly ludicrous May 22, 2025 Banking and Finance Egypt’s EFG Holding revenue falls on previous forex gain Egyptian financial services company EFG Holding’s revenue declined by an annualised 34 percent in the first quarter, due to an exceptional foreign currency gain in the same period of 2024, the company said on Wednesday. Revenue fell to EGP5.6 billion ($112.5 million), while net profit after taxes and minority interests fell 34 percent to EGP1.2 billion […] May 22, 2025 Manufacturing Adnoc awards $2bn contracts to back localisation Abu Dhabi state-backed oil giant Adnoc says it prioritising local manufacturing to mitigate supply chain risks and cut delivery times for critical equipment. The oil company has signed framework agreements valued at AED6 billion ($1.6 billion) with 12 UAE companies to manufacture critical industrial equipment under the “Make it in the Emirates” initiative, according to […] May 22, 2025 Analysis Petrochemicals Adnoc bets big on petrochems as sector struggles Abu Dhabi National Co.’s (Adnoc) multibillion-dollar bet to expand its petrochemical capabilities comes at a fraught time for the sector. The numbers may not immediately add up in terms of return on investment but the focus should boost the company’s global reach and technological capabilities, analysts say. “Abu Dhabi is trying to create a global […] May 22, 2025 Energy Middle East energy infrastructure gets $1bn boost Riyadh-based Arab Energy Fund (formerly known as Apicorp) and US-based Stonepeak have agreed to jointly invest $1 billion in energy infrastructure across the Middle East. Khalid Al-Ruwaigh, CEO of Arab Energy Fund, said in a statement that the partnership aims to accelerate the development of what he refers to as future-ready energy platforms, which will […] May 20, 2025 Oil & Gas Oil price drop fails to dent Gulf and Western capex Gulf national energy companies and their Western rivals are likely to maintain their capital expenditure guidance for the year but independent US producers may cut spending as oil prices decline, analysts have said. For now, Gulf oil and gas companies are sticking to their investment plans despite a drop of almost 15 percent in the […] May 19, 2025 Logistics Investcorp to spend $550m to expand Oman’s Duqm port Bahrain-based asset manager Investcorp will invest $550 million to expand the Port of Duqm in Oman, as part of a strategy to build a regional infrastructure portfolio. Investcorp Aberdeen Infrastructure Partners (AIIP), a joint venture with UK-based fund manager Aberdeen, will be a shareholder in the project alongside Cap Infra, a consortium comprising the Port of […] May 19, 2025 Industry EGA to build first US aluminium smelter in 45 years Emirates Global Aluminium (EGA), which says it is responsible for 4 percent of global output, plans to start building a primary aluminium production plant in the US by the end of 2026. The $4 billion smelter, the first to be built in the US since 1980, is expected to have a capacity of 600,000 tonnes […] May 19, 2025 Analysis Finance The multi-trillion dollar deals agreed on Trump’s trip During his trip to the Gulf region from May 13 to 16, US president Donald Trump visited Saudi Arabia, Qatar and the UAE and announced a series of deals across a number of sectors, which, according to the White House, added up to nearly $2.5 trillion. Artificial intelligence Saudi Arabia’s newly-established AI developer Humain said […] May 19, 2025 Energy Adnoc says UAE and US to invest $440bn in energy The UAE and US will spend a combined total of $440 billion in the energy sector by 2035, the head of Abu Dhabi National Oil Company (Adnoc) has said. The US is expected to invest $60 billion in UAE energy projects, a panel at the UAE-US economic dialogue said during US President Donald Trump’s visit […] May 16, 2025 Posts navigation Previous 1 2 3 … 50 Next
Opinion Trade Trump in the Gulf: There’s substance behind the hype Was it all just for show? The investment agreements 'signed' during the trip are clearly ludicrous May 22, 2025
Banking and Finance Egypt’s EFG Holding revenue falls on previous forex gain Egyptian financial services company EFG Holding’s revenue declined by an annualised 34 percent in the first quarter, due to an exceptional foreign currency gain in the same period of 2024, the company said on Wednesday. Revenue fell to EGP5.6 billion ($112.5 million), while net profit after taxes and minority interests fell 34 percent to EGP1.2 billion […] May 22, 2025
Manufacturing Adnoc awards $2bn contracts to back localisation Abu Dhabi state-backed oil giant Adnoc says it prioritising local manufacturing to mitigate supply chain risks and cut delivery times for critical equipment. The oil company has signed framework agreements valued at AED6 billion ($1.6 billion) with 12 UAE companies to manufacture critical industrial equipment under the “Make it in the Emirates” initiative, according to […] May 22, 2025
Analysis Petrochemicals Adnoc bets big on petrochems as sector struggles Abu Dhabi National Co.’s (Adnoc) multibillion-dollar bet to expand its petrochemical capabilities comes at a fraught time for the sector. The numbers may not immediately add up in terms of return on investment but the focus should boost the company’s global reach and technological capabilities, analysts say. “Abu Dhabi is trying to create a global […] May 22, 2025
Energy Middle East energy infrastructure gets $1bn boost Riyadh-based Arab Energy Fund (formerly known as Apicorp) and US-based Stonepeak have agreed to jointly invest $1 billion in energy infrastructure across the Middle East. Khalid Al-Ruwaigh, CEO of Arab Energy Fund, said in a statement that the partnership aims to accelerate the development of what he refers to as future-ready energy platforms, which will […] May 20, 2025
Oil & Gas Oil price drop fails to dent Gulf and Western capex Gulf national energy companies and their Western rivals are likely to maintain their capital expenditure guidance for the year but independent US producers may cut spending as oil prices decline, analysts have said. For now, Gulf oil and gas companies are sticking to their investment plans despite a drop of almost 15 percent in the […] May 19, 2025
Logistics Investcorp to spend $550m to expand Oman’s Duqm port Bahrain-based asset manager Investcorp will invest $550 million to expand the Port of Duqm in Oman, as part of a strategy to build a regional infrastructure portfolio. Investcorp Aberdeen Infrastructure Partners (AIIP), a joint venture with UK-based fund manager Aberdeen, will be a shareholder in the project alongside Cap Infra, a consortium comprising the Port of […] May 19, 2025
Industry EGA to build first US aluminium smelter in 45 years Emirates Global Aluminium (EGA), which says it is responsible for 4 percent of global output, plans to start building a primary aluminium production plant in the US by the end of 2026. The $4 billion smelter, the first to be built in the US since 1980, is expected to have a capacity of 600,000 tonnes […] May 19, 2025
Analysis Finance The multi-trillion dollar deals agreed on Trump’s trip During his trip to the Gulf region from May 13 to 16, US president Donald Trump visited Saudi Arabia, Qatar and the UAE and announced a series of deals across a number of sectors, which, according to the White House, added up to nearly $2.5 trillion. Artificial intelligence Saudi Arabia’s newly-established AI developer Humain said […] May 19, 2025
Energy Adnoc says UAE and US to invest $440bn in energy The UAE and US will spend a combined total of $440 billion in the energy sector by 2035, the head of Abu Dhabi National Oil Company (Adnoc) has said. The US is expected to invest $60 billion in UAE energy projects, a panel at the UAE-US economic dialogue said during US President Donald Trump’s visit […] May 16, 2025
