Afreximbank, alongside lead arrangers, secured a $1.75 billion syndicated receivables facility for Sonangol, Angola’s national oil company. The funding supports Sonangol’s operational and capital needs, while promoting African-led financing to drive growth, industrialisation, economic self-reliance, and sovereignty across continent.
Global trade is on course to exceed $35 trillion in 2025 for the first time, even as geopolitical tensions, higher costs and uneven global demand slowed momentum, according to a report by UN Trade and Development (UNCTAD).
Strong investment in energy infrastructure lifted global energy jobs by 2.2 per cent last year, the IEA reports. Employment reached 76 million in 2024, with the power sector driving most growth. The sector created 2.4 per cent of net global jobs despite skilled-labour bottlenecks in key areas worldwide today.
Abu Dhabi National Oil Company has signed a $2 billion green financing deal backed by Korea Trade Insurance Corporation (K-Sure) to fund lower carbon projects across its operations. This marks its first green financing facility backed by a Korean agency.
Three UAE-based maritime leaders have been included in the 2025 Lloyd’s List Top 100 Most Influential People in Shipping, an annual list that highlights individuals whose decisions and leadership guide the direction of the global maritime industry.
Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure, said global energy demand is witnessing steady growth driven by the expanding needs of artificial intelligence (AI) and large-scale data centres, forecasting increased demand across all energy sources, including fossil fuels, which remain part of the global energy mix. He said the UAE is well-positioned to help meet rising global demand through continued investment in the energy sector.
Africa is entering a pivotal phase in global energy dynamics, with refined product demand expected to rise from 4 million bbl/d in 2024 to over 6 million bbl/d by 2050, according to the African Energy Chamber’s 2026 Outlook Report.
Mubadala Energy, the Abu Dhabi headquartered international energy company, and PLN Energi Primer Indonesia (PLN EPI), a subsidiary of Indonesia’s energy and electricity supplier, have signed a Heads of Agreement (HoA) to supply gas from its gas fields in the Andaman Sea.
Drydocks World has completed the full conversion and integration of the EMEM Floating Production Storage and Offloading (FPSO) vessel, delivering a key offshore asset to support production at Nigeria’s Okwok field and advance the country’s energy development and self-reliance goals.
Dubai Industrial City, part of TECOM Group, has signed an agreement with Legend Holding Group, under which the latter will invest AED300 million ($81.69 million) to establish a comprehensive mobility and green energy solutions facility in the region’s leading manufacturing and logistics hub.
