A Qatari liquefied natural gas (LNG) tanker was sailing toward the Strait of Hormuz on Saturday in what would be the first such transit since the outbreak of the US-Israel- Iran war, even as uncertainty persisted over peace efforts with Washington still awaiting Tehran's response to a proposal.
The UAE Ministry of Industry and Advanced Technology (MoIAT), Emirates Development Bank (EDB), and ADNOC have signed a memorandum of understanding, making ADNOC the first partner to support the UAE Cabinet's newly announced AED1 billion National Industrial Resilience Fund (NIRF).
The European Commission selected nine hydrogen projects across seven EEA countries under the European Hydrogen Bank auction. Backed by €1.09 billion ($1.3 billion) in EU funding, they aim to deliver 1.1GW electrolyser capacity, producing 1.3 million tonnes of hydrogen.
Honeywell announced that Egyptian Linear Alkyl Benzene (ELAB) Company has selected Honeywell UOP’s petrochemical licensing, technologies and engineering services to help increase normal paraffins production to support its linear alkylbenzene (LAB) facility in Egypt.
Adnoc Distribution has announced new strategic partnerships with Emirates Global Aluminium (EGA) and Borouge, collectively valued at over AED 60 million ($16 million), aimed at strengthening industrial performance and reinforcing the UAE’s manufacturing ecosystem.
DTEK.ai, a UAE provider of AI and machine learning solutions for enterprises, and Adnoc Distribution have signed a strategic agreement to deploy SWIFT, an AI-powered self-checkout solution, across Oasis by Adnoc convenience stores in the UAE.
AJ Al Asmawi Group, one of the UAE’s largest independent family-owned conglomerates, has signed a musataha agreement with Dubai Industrial City (DIC) part of TECOM Group, to expand its operations within the district and introduce one of the UAE’s first oil rigs manufacturing and refurbishment facilities.
Asia-Pacific (APAC) has become the world’s leading solar PV market, accounting for about 68 per cent of global installations by the mid-2020s, driven by rapid deployment growth over the past decade, according to GlobalData.
GlobalData says geopolitics and supply chain risks, driven by Iran tensions and potential Strait of Hormuz disruption, will dominate oil and gas in 2026, alongside US tariffs, energy transition themes, and emerging digital technologies.
Pinsent Masons research shows carbon capture and storage (CCS) dominates Middle East low-carbon investment, with 87 per cent of investors active in CCS and 80 per cent planning further investment, while diversification grows across e-fuels, nuclear, geothermal, and emerging ocean energy.
