Adnoc and BP have made a joint offer to buy a 50 per cent stake in Israel-based NewMed Energy.
The non-binding offer would see the company effectively taken private.
Adnoc said the move is part of plans to establish a joint venture with BP with a focus on gas development.
The two companies intend to explore a range of mechanisms for the formation and potential further expansion of their new partnership.
Buying the NewMed stake would be a "significant first step in this direction", added Adnoc.
Ghana seeks to deepen strategic investment, innovation ties with UAE
Ghana considers the UAE a strategic partner in its development journey, particularly in economic growth and infrastructure reform, Lydia Lamisi Akanvariba, Minister of State for Public Sector Reform of Ghana, said at the World Governments Summit.
UAE partners with World Economic Forum to fast-track industrial transformation
The UAE has signed a partnership with the Ministry of Industry and Advanced Technology (MoIAT) and the World Economic Forum (WEF), on the sidelines of the World Governments Summit, aimed at accelerating the digital and technological transformation of the country’s manufacturing sector.
Creative industries 'key to future growth', WGS-FTI report says
Cultural and creative industries should be treated as a core pillar of national economic strategy, according to a new report launched by FTI Consulting in partnership with the World Governments Summit.
TECOM Group posts strong 2025 results as revenues and profits rise
Dubai-based TECOM Group has reported a strong financial performance for 2025, driven by rising demand across its commercial, industrial and land portfolios.
Family businesses urged to rethink investment, philanthropy at Dubai summit
Family-owned businesses are being encouraged to take a more active role in shaping sustainable investment and social impact, as leaders met in Dubai to discuss how family wealth can be positioned for the future.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has honoured global peacebuilders and humanitarian advocates at the 2026 Zayed Award for Human Fraternity ceremony in Abu Dhabi.
The second round of trilateral talks between Russia, Ukraine and the United States has begun in Abu Dhabi, as diplomatic efforts continue to advance the political process towards resolving the crisis.
The United Nations Secretary-General has included a UAE national among a group of international experts selected to help guide the global response to artificial intelligence.
