The Abu Dhabi Investment Authority is in advanced talks to anchor a new private equity fund managed by China's Primavera Capital Group. The vehicle is designed to provide ADIA with secondary market exposure to Chinese technology firm ByteDance. The move aligns with the sovereign fund's strategy to expand secondary market investments in Chinese digital assets.
Four international consortiums, including Chinese engineering majors CPECC and Sinopec, are competing for the $8 billion EPC Package 1 tender for Abu Dhabi's Bab Gas Cap project. The planned facility in the Bab area is designed to process up to 1.85 billion cubic feet of additional raw gas daily. The technical bid deadline has been extended to November 16, 2026, while the development remains subject to a final investment decision.
Indian refiners anticipate tighter supplies of Russian crude in October and November 2026 as China steps up purchases and Russian export availability contracts. According to analytics firm Kpler, Russian crude arrivals in India are projected to decline to approximately 1.75 million barrels per day in September. As a result, Indian buyers are turning to alternative supplies, including UAE Murban crude, Iraqi Basrah, and Angolan barrels.
The 31st Middle East Coatings Show opened on September 28, 2026, at the Dubai Exhibition Centre in Expo City Dubai. Organiser dmg events reported that the exhibition marks the first time the biennial trade show is hosted at this new venue. The event is projected to gather more than 5,000 visitors and feature over 300 international brands across the coatings sector.
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