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ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Aramco-Horse Powertrain deal completed

An agreement for the purchase of 10% equity stake was signed in June 2024.

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

Innovation key to solving Gulf water woes

  • World Economic Forum says the Middle East and North Africa is one of the most water-scarce regions in the world.
  • For years, the water crisis has exacerbated conflict and political tensions, while UNICEF says 90% of children in the region live in water stress areas.

Dubai, UAE — A World Economic Forum article, which was part of the Forum’s annual meeting this year, said the Middle East and North Africa (MENA) is one of the most water-scarce regions in the world. For years, the water crisis has exacerbated conflict and political tensions. Moreover, the article said, the issue continues to significantly impact the health and wellbeing of people in the area, especially women and children. In fact, according to UNICEF, nearly 90 percent of children in the region live in areas of high or extremely high water stress. There is an urgent need for taking measures before the situation gets out of hand. TRENDS takes a look how the region can overcome its water woes: