Mubadala

Industry News

ADNOC Partners with OpenAI and G42 to Deploy Frontier AI in Energy Operations

Abu Dhabi National Oil Company (ADNOC) has entered into a multi-year partnership with OpenAI and Emirati AI company G42 to integrate artificial intelligence across its oil and gas operations. Announced at the ADIPEC energy conference in Abu Dhabi, the agreement makes ADNOC the first energy company to deploy the OpenAI Frontier platform. The system aims to shorten full-field development planning timelines from months to hours and optimize integrated commercial operations.

Industry News

OpenAI Partners with ADNOC and Abu Dhabi Entities in Broad UAE AI Expansion

UAE state oil company ADNOC has announced a partnership with OpenAI and Emirati AI firm G42 to deploy the OpenAI Frontier platform across its operations. The deal is part of a broader series of agreements witnessed by Abu Dhabi Crown Prince Khaled bin Mohamed al-Nahyan to integrate artificial intelligence across energy, sovereign investment, and government services. Planned initiatives include predictive oil modeling, investment analysis with Mubadala, and an AI-native regulatory compliance pilot for government permitting.

China–UAE News

Chinese Corporate Memberships in Dubai Chamber Reach 6,650 Following Decade of Growth

Active Chinese corporate memberships registered with the Dubai Chamber of Commerce have reached 6,650, marking over 200 percent growth over the past decade. Abu Dhabi sovereign investor Mubadala also reaffirmed mainland China as a foundational anchor of its Asian direct investment strategy. Capital flows between the UAE and China increasingly focus on industrial manufacturing, green energy, and cross-border digital financial services.

Industry News

First Abu Dhabi Bank Reports 6% Rise in Third-Quarter Net Profit

First Abu Dhabi Bank (FAB), the largest lender by assets in the UAE, reported a 6% year-on-year increase in third-quarter net profit to AED 5.74 billion ($1.56 billion). The bank's performance was supported by sustained expansion in net interest income and lending activity. For the first nine months of the year, net profit reached AED 16.50 billion, up 3% from the prior year.