US-Gulf critical minerals ties deepen as Saudis strike rare earths deal The Nevada-based producer said the new joint venture will develop a refinery capable of processing raw materials from Saudi Arabia and abroad to supply manufacturing and defense industries in both countries. Saudi Arabia
Egypt, Russia advance construction at Dabaa nuclear plant: What to know The Dabaa nuclear plant could help Egypt address its energy woes while boosting cooperation with Russia. Egypt
Iran, Uzbekistan eye $5B in trade, mining investment: What to know Iranian Minister of Industry, Mining and Trade Seyed Mohammad Atabak made deals with his counterparts in Uzbekistan in Tashkent this week. Iran
US, UAE strike $1.8B critical mineral venture amid China tensions and Gulf rivalry United Arab Emirates
Why UAE's ADNOC is investing in Exxon's Texas hydrogen plant Abu Dhabi's state-run oil company is taking a stake in ExxonMobil's major new low-carbon hydrogen and ammonia plant, its second foray into the Texas energy industry. United Arab Emirates
Saudi Arabia's SABIC sees second quarter profit rise by 85% to $580M The company's results are encouraging news for the petrochemicals sector, which has been weathering a downturn since the COVID-19 pandemic. Saudi Arabia
China’s Baosteel ups investment in Saudi steel plate venture to $1B A subsidiary of the world’s largest steelmaker, China Baeowu Steel Group, will have a 50% stake in a major new Saudi-based venture. Saudi Arabia
UAE main destination for smuggled African gold, report claims Swissaid estimates that 405 metric tons of gold, mostly mined by small-scale or artisanal miners, were smuggled out of Africa in 2022 and ended up in the UAE. United Arab Emirates
UAE eyes Zambia mine as minerals race heats up against Saudi Arabia, China Wealthy Gulf countries are racing against China, Europe and the United States for minerals critical to powering the global green transition. United Arab Emirates
