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Industry News

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Industry News
Source: UrduPoint

Mubadala Energy Plans to Double Production Over Next Decade Focusing on Gas

Mubadala Energy aims to double its production over the next ten years, with natural gas representing approximately 70 percent of its portfolio. Acting Chief Executive Officer Adnan Bu Fateem announced the growth strategy during ADIPEC 2026 in Abu Dhabi. The company operates in 10 countries with seven producing assets across Southeast Asia, the Middle East, the Eastern Mediterranean, and the United States.

Industry News
Source: Marine Insight

Iran Exempts Commercial Vessels From China, India, Iraq, and Qatar in Hormuz

Iran has permitted commercial ships from China, India, Iraq, and Qatar to transit the Strait of Hormuz without passage restrictions. Iranian officials stated the move toward Chinese vessels aims to build diplomatic ties and gain political backing from Beijing. Iran continues to levy transit fees on Chinese and Indian vessels while allowing Qatari ships free passage.

China–UAE News
Source: Middle East Construction News

Canton Fair Bolsters UAE and GCC Construction Procurement Corridor

The 140th Canton Fair in Guangzhou served as a major sourcing venue for UAE and Gulf construction procurement teams seeking building materials and sustainable technologies. Bilateral momentum is supported by UAE non-oil trade with China reaching $49.2 billion in the first half of 2026. Regional buyers emphasized direct supplier partnerships to meet tightening delivery schedules and sustainability standards.

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