The two countries look like allies—but are increasingly regional competitors. The Israel-Hamas war unfolded amid an apparent regional trend of peaceful coexistence. The Middle East’s transformation along these lines has been represented by the seemingly ever-closer alliance between Saudi Arabia and the United Arab Emirates, as symbolized by the apparent friendship between their respective de...
The United Arab Emirates is refashioning state-owned Abu Dhabi National Oil Company (ADNOC) in the image of an international oil major by stepping up its global expansion and finding new revenue streams to maximise earnings for the Gulf state. Like Gulf neighbours Saudi Arabia and Qatar, the UAE wants to exploit its fossil fuel resources...
Abu Dhabi oil giant builds internal ‘investment bank’ to chase $50bn in globaldeals. The Abu Dhabi National Oil Company has amassed a nearly 50-strong team of dealmakers and is pursuing roughly $50 billion in transactions as part of a push todiversify its business and expand abroad. Adnoc, led since 2016 by Sultan al-Jaber, has quietly...
The Gulf oil and gas exporter is going big on renewable energy investment and food security, while expanding hydrocarbon production. If there was a sign the United Arab Emirates is taking its role as host of the next UN climate talks seriously, the 1,073 delegates it registered to attend the Cop27 summit in Egypt would be it....