Abu Dhabi-based Mubadala Energy has announced that it has made a final investment decision with Kimmeridge and Canada Pension Plan (CPP) for its Commonwealth LNG project that includes successful closing of $9.75 billion in project financing for construction of the 9.5 Mtpa gas export facility in Louisiana, US.
A cargo ship was sunk off Oman and another vessel was reportedly seized near the United Arab Emirates and taken toward Iranian waters on Thursday, underscoring the continuing disruption to shipping through the Strait of Hormuz as diplomatic efforts to ease tensions showed little sign of success.
Multinational commodities trader Trafigura, together with the Egyptian Aluminium Company and Metallurgical Industries Holding Company, has entered exclusive negotiations to co-finance and develop a major new aluminium complex in Egypt.
EDGE Group has signed an agreement to acquire a controlling stake in Costruzio ni Motori Diesel — CMD — a leading Italian company specialised in the design, prototyping, and development of advanced propulsion systems for automotive, marine, and aeronautical applications.
Mohammed Bin Rashid Aerospace Hub (MBRAH), the aerospace platform of Dubai South dedicated to advancing the aviation industry, has launched its Light Industrial and Maintenance Complex, reinforcing its commitment to meeting growing demand across the sector.
A delegation of Dubai Investments has held a high-level meeting with Dr Khalfan bin Saeed Al-Shuaili, Minister of Housing and Urban Planning of Oman, exploring potential investment opportunities in Oman.
Adnoc Logistics & Services (Adnoc L&S) reported Q1 2026 net profit rose 20 per cent year-on-year to $222 million, while revenue fell 10 per cent to $1.083 billion due to the scheduled completion of the Al Omairah Island mega project.
Sdeira Group has signed a memorandum of understanding with Metal Park, the world’s first pay-as-you-go metals ecosystem located in Abu Dhabi's KEZAD, to co-develop a customised staff accommodation community in the zone's Al Mamourah A dedicated to Metal Park’s companies and the wider metals manufacturing and operations base.
Saudi Arabia's total mining wealth is estimated at around SAR9.4 trillion ($2.5 trillion) as the mining sector continued its growing expansion as a key pillar in diversifying national economy in 2025.
The Regional Voluntary Carbon Market Company (VCM) has announced a landmark collaboration with Lenovo and ClimeCo to enable sustainable industrial operations for Lenovo’s expanding manufacturing presence in Saudi Arabia.
