Rising tension in the Middle East is a reminder that energy is a “cornerstone of peace, stability and ensuring prosperity”, Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and Adnoc's managing director and group chief executive, said on Tuesday.
The war between Israel and Iran has sparked fears of a potential supply crisis in energy markets, with Brent oil prices rising above $75 a barrel on Tuesday.
“The UAE stands for dialogue, de-escalation and diplomacy,” Dr Al Jaber said during a keynote address at the Atlantic Council Global Energy Forum in Washington.
Dr Al Jaber said countries must also remain focused on opportunities – chiefly the burgeoning artificial intelligence sector – as partners remain committed to dialogue and diplomacy.
US Energy Secretary Chris Wright, who was scheduled to speak at Tuesday's forum, cancelled his appearance to assist President Donald Trump as the crisis worsens, the Atlantic Council's president said before Dr Al Jaber spoke.
'Once-in-a-generation' investment opportunity
AI is "driving the next stage of evolution" and the advanced technology is driven by energy, he said. AI requires significant energy to be powered through data centres.
The US will require between 50 and 150 gigawatts of new installed capacity and this demand brings a “once-in-a-generation investment opportunity”, Dr Al Jaber added.
He said the UAE is “wasting no time in taking our powerhouse energy partnership with the US to the next level”.
“The United States is not just a priority. It is more of an investment imperative. This is not just capital, it's conviction and a shared future, partners, colleagues and friends."
Mariam Almheiri, head of the International Affairs Office at the Presidential Court, said the UAE was "extremely excited" about its partnership with the US, as the Emirates continues to build its AI infrastructure. "We have built the bridges, built the right ingredients to help with this transformation," she said during a panel discussion.
The UAE has announced a number of planned investments in the US since Mr Trump began his second term in January. Chief among those was a $1.4 trillion investment framework announced by the White House in March.
During another panel on Wednesday, Emirates Nuclear Energy Company chief executive Mohamed Al Hammadi said he was "very bullish on the US market" because of the demand for electricity. Calling the US the "top innovator in the world", Mr Al Hammadi also noted the US's role as a leader in AI.
During Mr Trump's visit to the UAE in May, Dr Al Jaber announced the UAE intends to boost its investment in the US energy sector to $440 billion by 2035 as part of that framework. The UAE will increase its US energy investments sixfold over the next decade through XRG, he said.
XRG, Adnoc's global energy investment arm, signed an agreement with Occidental and subsidiary 1PointFive last month on a potential investment for a direct air capture project in Texas. XRG could invest up to $500 million in the project.
US companies are also expected to invest up to $60 billion in UAE energy projects, including a field development plan with ExxonMobil and Japanese companies Inpex and Japan Oil Development Company to expand the capacity of Abu Dhabi's Upper Zakum offshore field.
Adnoc and Occidental also agreed on a collaboration to potentially increase Shah Gas's production capacity from 1.45 billion to 1.85 billion standard cubic feet per day.
Also in March, Abu Dhabi's sovereign wealth fund ADQ announced plans to invest more than $25 billion in mostly US-based energy projects to power data centres with US private equity firm Energy Capital Partners.
Killing of Qassem Suleimani
KILLING OF QASSEM SULEIMANI
The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
More from Rashmee Roshan Lall
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
Killing of Qassem Suleimani
The team
Photographer: Mateusz Stefanowski at Art Factory
Videographer: Jear Valasquez
Fashion director: Sarah Maisey
Make-up: Gulum Erzincan at Art Factory
Model: Randa at Art Factory Videographer’s assistant: Zanong Magat
Photographer’s assistant: Sophia Shlykova
With thanks to Jubail Mangrove Park, Jubail Island, Abu Dhabi
UAE currency: the story behind the money in your pockets
Specs
Engine: Duel electric motors
Power: 659hp
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THE BIO
Favourite holiday destination: Whenever I have any free time I always go back to see my family in Caltra, Galway, it’s the only place I can properly relax.
Favourite film: The Way, starring Martin Sheen. It’s about the Camino de Santiago walk from France to Spain.
Personal motto: If something’s meant for you it won’t pass you by.
Why are you, you?
Why are you, you?
From this question, a new beginning.
From this question, a new destiny.
For you are a world, and a meeting of worlds.
Our dream is to unite that which has been
separated by history.
To return the many to the one.
A great story unites us all,
beyond colour and creed and gender.
The lightning flash of art
And the music of the heart.
We reflect all cultures, all ways.
We are a twenty first century wonder.
Universal ideals, visions of art and truth.
Now is the turning point of cultures and hopes.
Come with questions, leave with visions.
We are the link between the past and the future.
Here, through art, new possibilities are born. And
new answers are given wings.
Why are you, you?
Because we are mirrors of each other.
Because together we create new worlds.
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We connect, we inspire, we multiply illuminations
with the unique light of art.
Ben Okri,
2.0
Director: S Shankar
Producer: Lyca Productions; presented by Dharma Films
Cast: Rajnikanth, Akshay Kumar, Amy Jackson, Sudhanshu Pandey
Rating: 3.5/5 stars
The specs
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Conflict, drought, famine
Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.
Band Aid
Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.
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What are the main cyber security threats?
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
MIDWAY
Produced: Lionsgate Films, Shanghai Ryui Entertainment, Street Light Entertainment
Directed: Roland Emmerich
Cast: Ed Skrein, Woody Harrelson, Dennis Quaid, Aaron Eckhart, Luke Evans, Nick Jonas, Mandy Moore, Darren Criss
Rating: 3.5/5 stars
The biog
Age: 19
Profession: medical student at UAE university
Favourite book: The Ocean at The End of The Lane by Neil Gaiman
Role model: Parents, followed by Fazza (Shiekh Hamdan bin Mohammed)
Favourite poet: Edger Allen Poe
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Engine: 2.0-litre 4cyl turbo
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Killing of Qassem Suleimani
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Brief scores:
Toss: India, opted to field
Australia 158-4 (17 ov)
Maxwell 46, Lynn 37; Kuldeep 2-24
India 169-7 (17 ov)
Dhawan 76, Karthik 30; Zampa 2-22
Result: Australia won by 4 runs by D/L method
