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Habtoor Group to Open Representative Office in Israel

Khalaf Ahmad al-Habtoor meets with Shlomi Fogel in Dubai. Asharq Al-Awsat
Khalaf Ahmad al-Habtoor meets with Shlomi Fogel in Dubai. Asharq Al-Awsat
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Habtoor Group to Open Representative Office in Israel

Khalaf Ahmad al-Habtoor meets with Shlomi Fogel in Dubai. Asharq Al-Awsat
Khalaf Ahmad al-Habtoor meets with Shlomi Fogel in Dubai. Asharq Al-Awsat

Dubai conglomerate Al Habtoor Group is to open a representative office in Israel, it said on Sunday.

The United Arab Emirates and Israel last week agreed to establish bilateral diplomatic and trade ties, which officials have said would create significant economic opportunities.

The family-owned conglomerate portfolio covers the hospitality, construction, education and automotive sectors.

"We are preparing to reveal a few collaborations in the coming days," the head of Habtoor Group, Khalaf Ahmad al-Habtoor, said in a statement.

"I have been looking forward to this day for a very long time," al-Habtoor said as he met in Dubai with Shlomi Fogel, chairman of Israeli Ampa Group.

"I have always believed that Emiratis and Israelis have a lot in common,” he added.

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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.