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Kelsey Warner

Kelsey Warner

Reporter

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Aramco, Sinopec launch $9.8B refining venture in China

The world’s second-largest economy is increasingly looking to secure the raw materials needed to power its industrial ambitions.
Aramco CEO Amin H. Nasser attends a meeting with Chinese President Xi Jinping (not pictured).Florence Lo/Reuters

Saudi Arabia lures The Met Opera with $200M deal

The New York company will perform in Riyadh for three weeks each winter for five years, in exchange for a financial lifeline.
A render of the Royal Diriyah Opera House in Diriyah.Courtesy of The Royal Commission for Riyadh City

Red Sea cables damage slows internet in Asia

The Red Sea, responsible for 90% of Europe and Asia digital communications, has been the site of critical infrastructure attacks by the Houthis in Yemen.
An undersea fiber optic cable is attached to a rope at Arrietara beach near the Spanish Basque village of Sopelana on June 13, 2017.Ander Gillenea/AFP via Getty

UAE calls Israel’s annexation push a ‘red line’

The statement from Emirati official Lana Nusseibeh marks the UAE’s strongest criticism of Israel since the war in Gaza began.
Benjamin Netanyahu.Ronen Zvulun/Pool/File Photo/Reuters

Abu Dhabi asset manager Lunate debuts quantum ETF

ETFs have exploded in the US, but the Gulf has lagged.
Aerial view of ADGM in Abu Dhabi, UAE.Courtesy of ADGM

Abu Dhabi’s G42 eyes chip options beyond Nvidia

The Abu Dhabi-backed AI firm is still courting customers for what could be the world’s largest data center campus outside the US.
L-R: US Sec. of Commerce Howard W Lutnick; US President Donald Trump; UAE President Sheikh Mohamed bin Zayed; Khaldoon Al Mubarak, CEO of Mubadala, vice chair of MGX.Emirates News Agency-WAM

Sotheby’s plans Abu Dhabi debut

The fine art company will host its first auction series in the UAE capital in December, with a rare Rolex and McLaren racecars among the items for sale.

UAE deepens Angola ties with slew of deals

The deals, which spanned sectors, may bolster Angola’s efforts to diversify away from its dependence on oil.

Abu Dhabi’s BlueFive Capital partners with Chinese PE firm

The two firms have formed a new fund to invest in companies working in advanced manufacturing, consumer goods, and green energy.

Abu Dhabi asset manager Lunate nabs hedge fund stake

The deal with Brevan Howard also includes $2 billion for a new platform.

Relic from early Christianity surfaces on Abu Dhabi island

The find is being touted by the emirate’s tourism authority as evidence that peaceful coexistence among the faithful is not a new thing in the UAE.

Abu Dhabi’s TAQA inks $1.2B deal for Spanish water company

The emirate’s government-backed firms are accelerating a global acquisition spree in search of a more international footprint.

Kuwait unveils revised Vision 2035 economic plan

The plan aims to speed up the delivery of critical infrastructure projects and reduce reliance on the state budget by attracting foreign capital.

UAE adds newborns to major genome project

The UAE hopes to address the global gaps in Arab-descent mapped genomes while also tackling public health issues.

$76B Stonepeak to develop Gulf renewables

The alternative investment firm is eyeing deals in solar, wind, and battery storage.

BlackRock backs $11B Saudi Aramco gas deal

Global Infrastructure Partners, the private investor BlackRock acquired last year, signed the 20-year deal with Aramco on Thursday.

UAE drivers get chance to clean up records

Drivers who sign up to the annnual initiative will have four black points deducted from their records by the Federal Traffic Council.

Britishvolt founder moves battery project to the Gulf

In Abu Dhabi, Orral Nadjari is working on his second act: developing and manufacturing battery cells for high-end sport utility EVs.