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Abu Dhabi Investment Office to Open Tel Aviv Office

Abu Dhabi Investment Office to Open Tel Aviv Office
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Abu Dhabi Investment Office to Open Tel Aviv Office

Abu Dhabi Investment Office to Open Tel Aviv Office

The state-run Abu Dhabi Investment Office (ADIO) is to open its first office outside the United Arab Emirates in Tel Aviv, the Abu Dhabi Media Office said on Wednesday, following normalization of relations between the UAE and Israel.

Israel on Tuesday signed normalization agreements at the White House in Washington with both the UAE and Bahrain.

“Tel Aviv is the first in a planned network of international offices that will support companies looking to expand their operations in Abu Dhabi, and to connect innovators from around the world to solve global challenges,” the statement on Twitter said.

ADIO and Invest in Israel, part of the economy ministry, agreed two weeks ago on bilateral investment cooperation.

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Shell Denies Reports that the Energy Giant is in Talks to Take Over BP

FILE -This is the Shell Oil logo in front of a Shell gas station in Pittsburgh, June 25, 2025. (AP Photo/Gene J. Puskar, File)
FILE -This is the Shell Oil logo in front of a Shell gas station in Pittsburgh, June 25, 2025. (AP Photo/Gene J. Puskar, File)
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Shell Denies Reports that the Energy Giant is in Talks to Take Over BP

FILE -This is the Shell Oil logo in front of a Shell gas station in Pittsburgh, June 25, 2025. (AP Photo/Gene J. Puskar, File)
FILE -This is the Shell Oil logo in front of a Shell gas station in Pittsburgh, June 25, 2025. (AP Photo/Gene J. Puskar, File)

British oil giant Shell on Thursday denied media reports that it is in talks to buy rival BP.

The Wall Street Journal on Wednesday said Shell was holding “early stage talks,″ to acquire BP, citing people familiar with the matter.

“In response to recent media speculation Shell wishes to clarify that it has not been actively considering making an offer for BP and confirms it has not made an approach to, and no talks have taken place with, BP with regards to a possible offer,” Shell said in a statement to the London Stock Exchange.

Shell has repeatedly denied speculation that it was considering a takeover of its smaller rival BP, saying it was focused on streamlining and simplifying its own business.

Some analysts have suggested BP would be an attractive takeover after a plan to shift its focus to renewable energy, which was abandoned earlier this year, left its shares undervalued in comparison to other oil companies.

BP has also struggled to recover from the 2010 Deepwater Horizon disaster, which killed 17 workers and forced the company to pay billions of dollars for environmental damage in the Gulf of Mexico.