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Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Abu Dhabi to build museums in a $6 billion spending spree on culture

    • Abu Dhabi to construct museums and patronize sectors like media, gaming in $6 billion spending plan

    • The plan is part of the vision to diversify economy away from oil

     

    Abu Dhabi will spend $6 billion over the next five years to construct museums, as well as sectors such as media, gaming, music and cultural heritage, according to the Financial Times.

    It is part of the UAE capital’s efforts to diversify its economy away from oil. The investment will go towards building museums, as well as sectors such as media, gaming, music and cultural heritage, the FT said. Abu Dhabi has already committed $2.3 billion to projects in the sector, it said.

    Preparatory work for the Guggenheim Abu Dhabi had been awarded, and the main contract for the museum is expected soon, Abu Dhabi Department of Culture and Tourism Chairman, Mohamed Al-Mubarak, told the FT.