Oil and gas, renewables, storage and environmental industries
Kenmare Resources shares surged 36% after confirming a non-binding cash takeover proposal from Abu Dhabi-based International Resources Holdings RSC Ltd (IRH). The London- and Dublin-listed mineral sands producer stated that discussions are ongoing, though a firm offer remains uncertain. The market move values the titanium feedstock producer at approximately £220 million.
China is increasingly integrating its new quality productive forces framework into Gulf diversification programs, spanning renewable energy, AI, and digital networks. Gulf sovereign wealth funds and technology firms are adjusting their investment strategies amid mounting U.S.-China technological competition and regional risks. Meanwhile, Chinese firms are expanding industrial footprints in Saudi Arabia, the UAE, and Oman.
The Board of Management of the UAE's Federal Authority for Nuclear Regulation met to review operational and regulatory updates across the nuclear sector. Discussions addressed the operations of the four units at the Barakah Nuclear Power Plant, environmental monitoring initiatives, and research and development projects. The board was also briefed on an Agentic AI transformation programme designed to enhance digital public services and regulatory operations.
DMCC Executive Chairman Ahmed Bin Sulayem stated that fertiliser components such as potash, phosphate rock, and sulphur must be treated as critical minerals for food security. Writing in Gulf News, he highlighted Dubai's trading infrastructure and proposed applying the Dubai Critical Minerals Standard to fertiliser inputs. The UAE remains the world's leading exporter of sulphur, with exports previously projected to reach 11.4 million tonnes annually by 2029.
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