ADNOC

Industry News

WEF and Bain Report Projects AI Could Unlock $1 Trillion Across MENA

A report by the World Economic Forum and Bain & Company projects artificial intelligence could unlock over $1 trillion in economic and sustainability value across MENA by 2030. The valuation encompasses sustainable finance, public investment flows, avoided asset losses, and energy-sector gains. While 89 percent of regional sustainability leaders acknowledge AI's high potential, active implementation remains limited to between 40 and 55 percent.

Industry News

UAE Pipeline Bypassing Strait of Hormuz Reaches 50% Completion, ADNOC Says

A new crude oil pipeline being built by the United Arab Emirates to bypass the Strait of Hormuz is now 50% complete, according to ADNOC CEO Sultan Al Jaber. The West-East Pipeline project connects domestic oil fields to the port of Fujairah to double export capacity through the port by 2027. Construction is being accelerated following directives from Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed.

Industry News

UAE Energy Project Pipeline Hits $210 Billion Across 136 Developments, EIC Reports

The UAE has 136 energy projects under development with an estimated capital expenditure of $210 billion, according to data presented by the Energy Industries Council (EIC). Oil and gas projects account for the majority of the pipeline, led by upstream developments representing nearly 40% of planned capex. The council noted that not all tracked projects have yet reached a final investment decision.

China–UAE News

Chinese Direct Investment in UAE Hits $2.6B Amid Expanding Financial and Energy Ties

China's outbound direct investment into the UAE reached $2.6 billion, more than tripling compared to the previous reporting year and making the UAE the top Middle Eastern recipient of Chinese direct investment capital. Beijing-based China Securities obtained regulatory approvals to establish a regional office in the Dubai International Financial Centre, where Chinese banks now represent over 30 percent of total banking and capital markets assets. Concurrently, major Chinese firms including Sinopec, CNPC, CNOOC, CATL, and Envision Energy are slated to participate in ADIPEC 2026 in Abu Dhabi.