Eco-Impact
Masdar and JinkoSolar Sign 2GW Module Deal for $6B Abu Dhabi Round-the-Clock Solar Project
By EmiratesInsight • 2 min read
• 17 May 2026
Bloomberg reports the Strait of Hormuz remains effectively closed into late May, lifting oil price forecasts to $106 and pulling US crude exports past Saudi Arabia for the first sustained stretch.
A revised projection from the regulator points to faster expansion than the IMF reading, driven by trade, banking and tourism rather than crude. Non-oil foreign trade jumped 24.6 percent year on year in the first nine months of 2025.
A fresh quarterly tally puts the Emirates clear of regional peers, even as MENA-wide funding cooled to $941 million amid heightened geopolitical risk and a more cautious investor posture.
Oracle bundles xAI Grok 4.3, NVIDIA Nemotron 3 Nano Omni and a prebuilt Accelerator Pack as enterprise demand for ready-to-deploy AI sharpens, anchored by a sovereign-AI deployment for SoftBank.