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Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

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.

GE to develop Iraq’s power infrastructure, promote clean energy

    • GE will help Iraq develop power infrastructure

    • It will also promote clean energy in the country

    General Electric (GE) will help Iraq develop power infrastructure and promote clean energy in the country. The plan includes several key pillars that support the government’s goals to enhance Iraq’s power infrastructure, as well as promote decarbonization and energy sector diversification, GE said in a statement.

    The Energy Transition Plan was announced at the Rebuild Iraq event in Baghdad, a high-level summit organized in close collaboration with the Prime Minister’s Office and Iraq’s National Investment Commission.

    “It is now important to step up the drive toward cleaner energy systems that bring a triple advantage to the country,” Chief Technology Office at GE Gas Power Abdurrahman Khalidi said.

    Some specific actions under the plan include the maintenance, rehabilitation, and optimization of existing power plants in Iraq, which could potentially result in a 20 percent reduction in emissions.

    GE also plans to introduce the use of hydrogen for power generation, as well as to establish an interconnected grid that could make the country a regional energy hub. “This is the guiding strategy for our ‘Energy Transition Plan’ for Iraq and is the most comprehensive approach, covering all potential solutions the country can leverage,” Khalidi explained.