Industry & Minerals

FAYEZ NURELDINE/AFP via Getty Images

UAE energy giant gets green light for $16B takeover of German firm Covestro

ADNOC agreed in October to buy Covestro for 14.7 billion euros (then around $16.3 billion), including its debt, in its biggest-ever takeover.

United Arab Emirates

WASHINGTON, DC - MARCH 20: President Donald Trump (R) holds up a chart of military hardware sales as he meets with Crown Prince Mohammed bin Salman of the Kingdom of Saudi Arabia in the Oval Office at the White House on March 20, 2018 in Washington, D.C. (Photo by Kevin Dietsch-Pool/Getty Images)

Analysis

Saudi Arabia to pursue two-track approach for Trump presidency

Riyadh is likely to compartmentalize business dealings with incoming President Donald Trump separately from its foreign policy engagements, where there is likely to be disagreement.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics

Iranian miners look on at the scene of a blast at a coal mine in Tabas in Iran's Khorasan province on September 22, 2024. The blast caused by a gas leak at the coal mine in eastern Iran has killed at least 50 people, state media said on September 22, in one of Iran's deadliest work accidents in years. (Photo by Mohsen NOFERESTY / IRNA / AFP) (Photo by MOHSEN NOFERESTY/IRNA/AFP via Getty Images)

Analysis

Iran coal mine tragedy highlights prevalent corruption, workers' plight

Reactions from pundits, activists and ordinary Iranians focused in large part on how corruption and mismanagement has grown over the years, with companies and oversight bodies increasingly ignoring the safety of workers who were digging "for a loaf of bread."

A correspondent in Tehran

By A correspondent in Tehran

In Tehran, reporting on politics

A general view shows the ADNOC Facility in Fujairah on November 28, 2023. Using novel technology developed by Omani start-up 44.01, the solar-powered plant will suck carbon dioxide from the air, dissolve it in seawater and inject it deep underground, where it will mineralise over a period of months. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Why UAE's ADNOC is investing in Exxon's Texas hydrogen plant

Abu Dhabi's state-run oil company is taking a stake in ExxonMobil's major new low-carbon hydrogen and ammonia plant, its second foray into the Texas energy industry.

United Arab Emirates

Latest News

Saudi Arabia's SABIC sees second quarter profit rise by 85% to $580M

A picture taken on Jan. 17, 2016, shows the headquarters of Saudi Basic Industries Corporation (SABIC) in the Saudi capital, Riyadh.

China’s Baosteel ups investment in Saudi steel plate venture to $1B

Beijing

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UAE main destination for smuggled African gold, report claims

LUIS TATO/AFP via Getty Images

United Arab Emirates

UAE eyes Zambia mine as minerals race heats up against Saudi Arabia, China

A general view of processing facilities at the Tenke Fungurume Mine, one of the largest copper and cobalt mines and the subject of a dispute between Congolese authorities and the Chinese firm CMOC, southeastern Democratic Republic of Congo, on June 17, 2023.

United Arab Emirates