INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

UAE, Italy enhance bilateral relations to Strategic Partnership level

UAE and Italy issued a "Declaration of Intent" on enhancing cooperation on COP28 and climate action. (AFP PHOTO / UAE PRESIDENTIAL COURT)
  • A pact for cooperation on energy projects and sustainability initiatives between Abu Dhabi National Oil Company and the Italian energy group Eni was signed.
  • The MoU aims to strengthen cooperation in the field of emissions reduction, new energy technologies and low-carbon solutions.

ABU DHABI, UAE –  The United Arab Emirates and Italy on Saturday announced the enhancement of their  bilateral relations to the Strategic Partnership level.

The announcement came during a meeting between President Sheikh Mohamed bin Zayed Al Nahyan  and Italy’s Prime Minister Giorgia Meloni at Al Shati Palace in Abu Dhabi.

The two sides issued a “Declaration of Intent” on enhancing cooperation within the United Nations Climate Change Conference of the Parties (COP28) and climate action.

They also announced a Memorandum of Understanding (MoU) for cooperation on energy transition projects and sustainability initiatives between Abu Dhabi National Oil Company (ADNOC) and the Italian energy group Eni.

The MoU aims to strengthen cooperation in the field of emissions reduction, new energy technologies and low-carbon solutions.

It also contributes to enhancing the long-term strategic partnership between the two companies, boosting energy security and accelerating low-carbon economic and industrial growth.

Areas of cooperation include reducing carbon emissions, with a focus on carbon capture, utilization and storage technologies, enhancing energy efficiency, joint investment in green hydrogen, and renewable and clean energy.