Via CNN, a look at Abu Dhabi’s recent investment in Luckin: One billion dollars is a lot to pay for a morning brew, but that’s what Abu Dhabi spent in September for a minority stake in Luckin Coffee, the Chinese chain with more than 36,000 global stores that built an empire on cheap drinks, relentless […]
Read more »Via Forbes, a report on Abu Dhabi’s efforts to build the world’s first esports island: In Abu Dhabi, two modern high-rises bookend a cluster of multi-story, low-lying buildings. At the moment, the structures appear in renderings for what would be the world’s first esports island. But while investments in esports have been cooling off in […]
Read more »Via World Cargo News, a report on AD Ports Group joining forces with Iraq’s General Company for Ports to develop Al-Faw Grand Port, poised to offer a strategic alternative to the Suez Canal: Abu Dhabi-based AD Ports Group has signed a preliminary agreement with the General Company for Ports of Iraq (GCPI) to establish a joint […]
Read more »Via BP, an announcement of a new gas joint venture in Egypt: JV to initially focus on development of gas assets in Egypt Deepens long-standing partnership and complements the companies’ strategic growth plans ADNOC and bp today announce that they have agreed to form a new joint venture (JV) in Egypt. The JV (51% bp […]
Read more »Via Al Monitor, a look at how – amid increasing cooperation between the two countries – an alternative trade corridor is planned linking Europe, the Middle East and Asia; Abu Dhabi wealth fund ADQ is reportedly in talks with Turkey to build a railway over the Bosporus in Istanbul as part of a planned trade corridor linking […]
Read more »Courtesy of Foreign Affairs, an article on whether the world’s fossil fuel giants can lead the energy transition: In the last few years, the global energy outlook has been transformed. The rise of populist politics and a growing sense of urgency about climate change have roiled debates about energy policy in wealthy countries, generating a […]
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