Skip to content Skip to Search
Skip navigation

Europe

Habib Hazzan, managing general partner at Ibtikar Fund, which has just closed its second fund at $25 million

Funding increase to support Palestinian startups

Funding levels are being ramped up to support Palestinian startups in the war-torn territory and across the wider Middle East and North Africa. Just $8.8 million has been invested in Palestinian startups – marked as Ramallah, West Bank or Gaza-based – in 18 deals on record from 2022 to the present day, according to Racha […]

Sefe CEO Dr Egbert Laege and Adnoc executive vice president Fatema Al Nuaimi sign the long-term LNG supply deal

Adnoc signs 15-year supply deal for Ruwais LNG

Adnoc, the Abu Dhabi state oil company, has signed its first long-term sales and purchase agreement for the lower-carbon Ruwais liquefied natural gas (LNG) project. The 15-year, 1 million tonnes per annum (mtpa) agreement was signed with Sefe Marketing and Trading Singapore, a subsidiary of Germany’s Sefe – Securing Energy For Europe – at the […]

Saudia had placed an order for 50 of the pilotless jets before Lilium announced its intention to file for insolvency

Saudia to receive flying taxis despite Lilium’s insolvency

Saudi national carrier Saudia still plans to receive some of its 50-plane order of pilotless electric flying vehicles from Lilium despite the German company’s intention to file for insolvency.  “We are in close coordination with the Lilium leadership team. We are expecting to receive the first jets in the second half of 2026, as per […]

Sales agents taking bids at a Sotheby's auction in London. The 2025 auction will mark the opening of the company's Riyadh office

Sotheby’s pins hopes on Saudi auction launch

Sotheby’s is to open an office and stage its first auction in Saudi Arabia next year.  The new branch will be located in the Faisaliah Tower in the capital Riyadh. The auction will take place on February 8, 2025 in the Unesco World Heritage site of Diriyah.  Prior to the auction, an exhibition featuring the […]

Morocco's King Mohammed VI and French President Emmanuel Macron sign documents in Rabat: Macron’s recent visit saw a thawing of political relations

Macron’s Morocco trip the catalyst for $11bn in deals

France and Morocco have announced a series of deals, from railways to phosphates to renewables, worth up to $11 billion during a state visit last week by Emmanuel Macron, his first to the north African kingdom since becoming president in 2017.  The 22 deals followed French recognition of Morocco’s claims to the disputed Western Sahara […]

The United Nations climate change conference Cop29 is being held in in Baku, Azerbaijan

US and EU leaders to skip Cop29 climate summit

World leaders from major economies including the United States, the European Union and Brazil are planning to miss this year’s United Nations climate change summit (Cop29) in Baku, Azerbaijan. European Commission president Ursula von der Leyen will not attend the Cop29 climate summit because of political developments in Brussels, a commission spokesperson told Reuters on […]

A stakeholder survey revealed that residents love the mountainous skyline of Muscat; new developments are planned to be a maximum of 25 storeys high

Muscat maps out its future development plans

Muscat is set to approve a plan that will create a central 55km spine where much of the future development of the Omani capital city will take place.  The city is predicted to double in size by 2040. The Greater Muscat Structure Plan, awaiting approval at cabinet level, provides a map of where future growth […]

A Volkswagen plant in Emden, Germany. Qatar's substantial investment in the carmaker could have provided better returns elsewhere

Volkswagen’s troubles sour Qatari investment

Volkswagen’s shares have tumbled by more than two-thirds from a 2021 peak, slashing the value of Qatar’s stake in the German conglomerate, as shrinking margins, weakening sales and production overcapacity weigh on the troubled automaker’s bottom line. Even with several billion dollars accrued in dividends since Qatar Holding invested in 2009, Volkswagen’s problems suggest the […]

Drillships off the coast of Limassol, Cyprus. The country says Adnoc is interested in gas acquisitions in the region

Adnoc has expressed interest in Cyprus gas, minister says

United Arab Emirates energy major Abu Dhabi National Oil Co (Adnoc) has expressed interest in Cyprus’ emerging natural gas sector, the country’s energy minister told Reuters on Monday. Major gas discoveries and developments off Egypt and Israel have attracted companies to offshore developments in the eastern Mediterranean in recent years, while state-owned Adnoc sees gas […]

Eni had paused its operations at the Zohr gas field but plans to resume drilling in Egypt by the end of the year

Italy’s Eni will restart gas drilling in Egypt and Libya

Italian energy company Eni is reviving its exploration operations on Zohr, Egypt’s largest natural gas field, by the end of the year, its CEO confirmed on Monday. “After some time, we were not really working on Zohr, we will restart drilling by the end of the year, and we are going to drill another well […]

If the Maaden deal goes ahead it will create the seventh largest aluminium manufacturer in the world

Bahrain’s Alba looking to Europe after Ma’aden deal

Aluminium Bahrain (Alba) will keep exploring mergers and acquisitions, with a particular eye on Europe, once it completes its multi-billion dollar deal with Saudi Arabian Mining Company (Ma’aden). The deal is expected to be signed off in the first half of next year. The two companies penned a non-binding agreement in September and are in […]

Torbjorn Caesar of Actis says that 'we need to build another planet of power plants and associated infrastructure' Video length: 03:06

Time to shift the balance of power in renewable energy

Imbalances in capital investment in clean energy, plentiful sun and a doubling in global demand for electricity over the next 20 years mean that the renewable energy sector in the Middle East is a “fantastic investment opportunity”.  AGBI spoke to Torbjorn Caesar, chairman of Actis, a global investment company with a focus on sustainable infrastructure, […]

Adnec London Business Design Centre

Adnec adds Business Design Centre to London portfolio

Adnec Group has expanded its UK portfolio with the acquisition of the Business Design Centre in London. The historic building, which dates back to 1862 when it was the Royal Agricultural Hall, is a 4.5-acre Grade II listed venue that hosts events, awards and product launches.  The North London venue is the location for long-standing […]

Church Street in Twickenham. Aldar is building homes in the affluent district of southwest London

Aldar Properties reports ‘strong pickup’ for London projects

Aldar Properties remains bullish about London’s property market despite high interest rates and fears that tax rises will be announced in the UK budget on Wednesday. The government-owned Abu Dhabi company bought British developer London Square in a deal worth AED1.07 billion ($291 million) last year – its first acquisition outside the Middle East and […]

Emirates Global Aluminium engineers at the company's Al Taweelah refinery. EGA sells its green aluminium to European car makers

EU carbon tariff opens door to green GCC manufacturers

Europe’s decision to place a tariff on a selected group of carbon-intensive imports may offer a competitive advantage to Gulf manufacturers who are investing in carbon-reducing technologies, industry observers believe. By decarbonising hard-to-abate sectors, GCC countries can become the European Union’s privileged trade partners, because producers with lower carbon emissions will get better access to […]