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.
UAE takes over presidency of MENA financial action task force
The UAE has taken over the presidency of the Middle East and North Africa Financial Action Task Force (MENAFATF) for 2026, represented by Hamid Saif AlZaabi.
Dubai ranked world’s third most startup-friendly city in new global index
Dubai has been named the third most startup-friendly city in the world, according to a new global index that measures how well cities support entrepreneurs and early-stage businesses.
OPEC+ keeps oil output steady following steep price drop in 2025
OPEC+ kept oil output unchanged on Sunday, after oil prices fell more than 18 per cent in 2025, their steepest yearly drop since 2020, amid growing oversupply concerns.
Tesla loses EV crown to China's BYD
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Dubai Duty Free celebrates record-breaking 2025
Dubai Duty Free has recorded the strongest year in its history, with annual sales reaching AED8.68 billion ($2.38 billion) in 2025, driven by record-breaking monthly performances and strong demand from international travellers.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired a Cabinet meeting in Abu Dhabi on Monday, reflecting on two decades of government transformation.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages congratulating His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on his 20 years of leadership.
The UAE’s Deputy Prime Minister and Minister of Foreign Affairs, Sheikh Abdullah bin Zayed Al Nahyan, has met his Zambian counterpart to discuss ways to strengthen relations between the two countries.
