UAE andIndia to develop Sri Lanka energy hub
In a strategic move to counter Chinese influence, the UAE and India have joined Sri Lanka to develop a major energy hub in Trincomalee, expanding Abu Dhabi’s Indian Ocean footprint and offering Colombo critical post-crisis investment and fuel access.
Syrian President to Visit UAE and Turkey
In a strategic effort to revive Syria’s foreign relations, President Ahmed al-Sharaa will visit the UAE and Turkey to secure reconstruction support, ease sanctions pressure, and reposition Damascus as a regional partner after years of diplomatic isolation.
US energy secretary Wright to visit UAE
Amid plunging oil prices and global energy tensions, Secretary Chris Wright will kick off a two-week trip to the UAE, Saudi Arabia and Qatar to push for increased production, assess nuclear cooperation, and align Gulf partners with Washington’s evolving energy strategy.
UAE oil sector growth slows in March
UAE oil sector growth slowed in March 2025 as the PMI fell to 54.0, the lowest in six months. New orders and job growth declined, but purchasing activity remained strong.
Absa forms team in UAE financial center
South Africa’s Absa Group is forming a team in Dubai to launch operations in 2026. The bank aims to boost African-Gulf investment ties, focusing on sectors like infrastructure and energy.
EU to decide on ADNOC’s acquisition of Covestro
The European Commission will decide by May 12, 2025, on ADNOC’s takeover of Covestro, a €15.9 billion deal that could reshape the global chemicals industry and expand ADNOC’s high-tech materials portfolio.
UAE announces new petrol and diesel prices for April 2025
The UAE reveals April fuel prices, showing a continued decline in petrol and diesel costs to reflect global oil trends and support local motorists and commercial transport.
Dubai’s population to hit 4 million in 2025
Dubai’s population hits 3.9 million in Q1 2025, with forecasts pointing to 4 million by year-end as strong migration, tourism, and investment continue driving the emirate’s economic expansion.
Trump plans to visit UAE, Saudi Arabia and Qatar
President Trump announces plans for a May visit to the UAE, Saudi Arabia, and Qatar to secure trillion-dollar investment deals and expand diplomatic ties in the Middle East.
Cerebras Notifies CFIUS of Partnership with G42 Ahead of IPO
Cerebras Systems secures CFIUS approval by limiting G42 to non-voting shares, easing national security concerns ahead of its $1 billion IPO and challenge to Nvidia’s AI dominance.