Adnoc and BP have made a joint offer to buy a 50 per cent stake in Israel-based NewMed Energy.
The non-binding offer would see the company effectively taken private.
Adnoc said the move is part of plans to establish a joint venture with BP with a focus on gas development.
The two companies intend to explore a range of mechanisms for the formation and potential further expansion of their new partnership.
Buying the NewMed stake would be a "significant first step in this direction", added Adnoc.
Trump vows to keep 'massive' tariffs on India until Russian oil imports cease
US President Donald Trump reiterated on Sunday that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying "massive" tariffs if it did not do so.
Ras Al Khaimah Ruler supports businesses with licence fee exemption
Businesses in Ras Al Khaimah affected by infrastructure works in Al Riffa and Al Jazeera Al Hamra areas will receive a two-year exemption on commercial licence fees.
H.H. Sheikh Mohammed: GITEX TechCation to lead global tech scene
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has directed that GITEX TechCation 2026 be developed into the world’s largest event in the field of technology and artificial intelligence.
Some Indian refiners to move away from Russian oil, sources say
Some Indian refiners are preparing to cut Russian oil imports, three sources told Reuters on Thursday, after US President Donald Trump said India had given an assurance it would stop its buying to help end the war in Ukraine.
Shutdown could cost US economy $15 billion a week, Treasury says
The two-week-old federal government shutdown may cost the US economy as much as $15 billion a week in lost output, a Treasury official said late on Wednesday.
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UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
