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Abu Dhabi, UAE – 21 May 2026: AD Ports Group (ADX: ADPORTS), a leading global enabler of trade, industry, and logistics solutions, and e& UAE today announced the successful deployment of an AI-ready high-capacity terrestrial connection, linking major maritime and logistics assets across the Group’s portfolio.

The new high-capacity network extends AD Ports Group’s terrestrial digital backbone to more than 1,000 kilometers, seamlessly connecting the Group’s strategically located assets in Abu Dhabi. This enables the continuous streaming of high-volume sensor data, video feeds, and IoT signals, creating a fully integrated environment ready for machine learning and automated decision-making.

Designed for ultra-low latency, this high-bandwidth terrestrial connectivity establishes a robust foundation for AI models to process data and deliver real-time inference within milliseconds.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO – AD Ports Group, said: “The future of global trade is intelligent and predictive. Under the guidance of our wise leadership in the UAE, we are embracing and leading this change by collaborating with globally leading technology companies to help us ensure that digital intelligence remains at the heart of our operations, driving global trade and supply chain resilience.”

Masood M. Sharif Mahmood, Group CEO, e& and CEO, e& UAE, said: “Advanced connectivity is now essential to the way major industrial and logistics hubs operate, scale and compete. Through this collaboration with AD Ports Group, e& UAE has delivered a future-ready digital backbone that powers speed, security and scalability, while creating the foundation for more advanced automation, analytics and AI-led operations.

“With e&’s leadership in fibre connectivity, we are not just connecting infrastructure; we are shaping the future of trade, logistics, and innovation for the entire nation.”

This strategic initiative marks another significant milestone in AD Ports Group’s digital transformation journey, further strengthening the Group’s digital resilience across its expanding global portfolio. In 2025, AD Ports Group announced the phased rollout of Low Earth Orbit (LEO) satellite connectivity across its global operations, aimed at enabling real-time data exchange with vessels and delivering always-on connectivity for ports and terminals, driving new efficiencies and fuel savings.

By integrating its terrestrial digital backbone with LEO satellite services and existing radio networks, the Group has established a resilient, multi-layered connectivity architecture that ensures sovereign, uninterrupted data flow under all conditions. 

May 21 (BNP): Indian equity markets ended largely flat on Thursday as geopolitical tensions in West Asia weighed on investor sentiment, while selective buying in broader markets helped benchmark indices limit losses and avoid a sharper decline.

The benchmark Sensex closed at 75,183.36, down 135.03 points or 0.18 per cent, while the Nifty 50 settled nearly unchanged at 23,654.70, slipping just 4.30 points or 0.02 per cent, reflecting cautious market participation amid global uncertainty.

Market sentiment remained under pressure due to concerns over escalating geopolitical developments in West Asia, prompting selling in sectors such as information technology (IT), fast-moving consumer goods (FMCG), and financial services. Heavyweight stocks including Bajaj Finance, Infosys, Tech Mahindra and Hindustan Unilever emerged among the key laggards during the trading session.

Despite weak benchmark momentum, broader markets showed resilience. Mid-cap stocks traded subdued, while small-cap counters outperformed and ended higher, indicating selective investor confidence in specific segments. Sectorally, the cement pack emerged as the top performer with gains of over 2 per cent, followed by strength in realty and metal stocks. On the other hand, FMCG and IT sectors witnessed notable selling pressure.

The Indian rupee recovered strongly against the U.S. dollar to close at 96.15, registering gains of 0.68 per cent, while the India VIX, a measure of market volatility, eased by around 3.5 per cent, signalling a marginal decline in investor anxiety levels.

Market experts indicated that near-term direction is likely to remain dependent on geopolitical developments, global central bank signals and macroeconomic indicators. Technically, analysts see resistance for Nifty in the 23,700–23,800 range, with the 24,000 mark acting as a key psychological barrier, while immediate support is placed between 23,500 and 23,600.

Overall, markets remained range-bound as investors balanced geopolitical risks with selective domestic strength, keeping benchmark indices largely stable despite external headwinds.

Texas Tech University’s continued commitment to interdisciplinary research and hands-on fabrication has paved the way for another opportunity to perform critical work regarding wide/ultrawide (UWBG) semiconductors.

A team of faculty from the Edward E. Whitacre Jr. College of Engineering received roughly $4.5 million from the Texas Semiconductor Innovation Fund (TSIF) for a project titled “Research and Development of Wide/Ultrawide Bandgap Semiconductor Materials, Devices and Applications.”

TSIF grants are administered by the Texas CHIPS Office, within the Office of the Governor’s Texas Economic Development & Tourism Office. Gov. Greg Abbott signed into law the Texas CHIPS Act in 2023, establishing both the TSIF and the Texas Semiconductor Innovation Consortium, the latter of which the CHIPS office also supports.

Stephen Bayne, vice president of National Security for Texas Tech and executive director of the Critical Infrastructure Security Institute, is the project’s lead principal investigator. Joining him are Department of Electrical & Computer Engineering (ECE) Professors Ayrton Bernussi, Rui He, Ravi Joshi, Donald Lie and Hieu P. Nguyen; ECE Assistant Professor Taewoo Kim; and Global Laboratory for Energy Asset Management & Manufacturing Senior Director Argenis Bilbao.

Over three years, the researchers will seek to increase Texas Tech’s capabilities to develop UWBG semiconductors for high-power/high-frequency electronics and optoelectronics (instruments that detect and control light).

Nguyen said the group is excited and humbled to be a part of Texas Tech’s eminence in this growing field. 

“At the same time, we feel a strong sense of responsibility: to translate discoveries into reliable, manufacturable technologies; to build workforce pipelines by training students and technicians, and to partner with industry and government to ensure our work delivers real-world impact for Texas and the nation,” he added. “This award validates our momentum and accelerates our ability to turn research into jobs, commercial opportunities and long‑term competitiveness in the semiconductor ecosystem.”

This work will also support critical industries such as aerospace and defense by improving the performance and reliability of UWBG materials and high-electron-mobility transistors for harsh environments. 

Other priorities for the award include strengthening communications through work on broadband high-efficiency power amplification and radio frequency and millimeter-wave components; enabling the creation of high-performance nanostructured light emitters and detectors and high-voltage devices; promoting the translation of research into commercial products; and building regional economic impact. 

LONDON/HOUSTON/SINGAPORE, May 21– Oil prices above US$100 per barrel have triggered windfall tax proposals in Brazil, the EU, the US, and Australia. A new Wood Mackenzie report warns that fiscal policy design has a long-term impact on Upstream investment and production.

The cycle is familiar. As oil prices push past US$100 a barrel, politicians demand a windfall tax on energy companies. But, by the time legislation passes, prices have often already peaked.

That cycle is repeating in 2026. In recent weeks, Brazil introduced a temporary export tax. Five EU member states campaigned for reinstatement of the 2022-23 solidarity contribution levy (SCL). US senators relaunched a windfall tax bill targeting the largest oil producers and importers. The Australian senate debated a new gas export tax proposal.

Wood Mackenzie’s May 2026 Fiscal Service report, drawing on its proprietary global database and analyses of upstream fiscal changes across more than 150 jurisdictions since 2002, finds some consistent patterns. Governments with flat tax rate systems are most likely to seek new windfall levies when prices surge. Those with progressive fiscal systems, where the government’s revenue share moves automatically with prices, rarely need to. Oil companies object strongly to fiscal disruption; when it occurs, they question future investment in the affected sector.

“The current debate is following a script we have seen before, and the major uncertainty is how long the price spike will last. In the current situation, that depends on how long supply disruption lasts and if there is any lasting damage,” said Graham Kellas, SVP, Global fiscal research at Wood Mackenzie. “The longer prices stay elevated; the more governments are expected to act. The question is whether they can design something that works for the long term, or are they simply creating another measure that compounds future fiscal uncertainty?”

The pace of legislative action is another problem. Designing and passing a windfall tax mechanism can take several months. Prices may have peaked by then. Many proposals are never implemented. Those that are, often raise far less revenue than governments initially projected.

Key details

• Legal exposure: Brazil’s export tax faces legal challenge, with cases related to its 2023 temporary tax still unresolved. The EU’s 2022-23 SCL is subject to ongoing proceedings with ExxonMobil. Algeria’s 2006 windfall tax went to international arbitration — PSC contractors won after six years.
• Long-term returns: the largest companies measure returns over decades, not months, and target relatively stability over time, with price spikes balanced by price crashes.  An unpredictable fiscal environment disrupts that.
• Long-term windfall tax policy benchmark: the UK’s proposed oil and gas price mechanism (OGPM), due to replace the energy profits levy by 2030, applies only above US$90/bbl for oil or GBP0.9 per therm (US$12/mcf) for gas, and only on revenue above those thresholds. It is predictable and can be built into investment models.

Background

Windfall tax episodes have recurred throughout this century. In 2006-08, new progressive taxes were introduced in Alaska, Algeria, China, Ecuador, Pakistan, and Venezuela. India’s 2022 windfall tax changed its rate every two weeks before being abolished in December 2024. The UK’s energy profits levy, also introduced in 2022, has had its rate, timeframe, and allowances changed multiple times. The longer prices stay elevated; the more governments are expected to act.

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Small and regional brands gain access to premium OTT inventory traditionally reserved for large enterprise advertisers

Mumbai: JioHotstar’s Self-Serve Ads platform is enabling startups, local enterprises, and regional brands across India to independently run targeted advertising campaigns during the IPL and other premium content — an opportunity traditionally limited to enterprise advertisers with large budgets and agency support.

Regional businesses from Maharashtra, Goa, Karnataka, Telangana, Tamil Nadu, West Bengal, Gujarat, Odisha, Kerala, and Delhi-NCR have already used the platform to reach audiences during IPL programming and regional entertainment content. Advertisers leveraging the platform include Oxycool (Goa), Chandukaka Saraf Jewels (Maharashtra & Karnataka), Deepa Silks (Tamil Nadu), Eden Realty (West Bengal), Air Bounce (Gujarat), Baby Memorial Hospital (Kerala), and Jas Honda (Odisha).

Key highlights of the platform:

Campaigns can be launched starting at Rs. 4,000
Access to premium ad formats including pre-roll, mid-roll, and mobile-first integrations across sports, entertainment, movies, and regional content
Granular targeting options, including regional language feeds; city, area, and pincode-level targeting; audience demographics and interests; device targeting; and team-specific IPL match targeting
Performance-led models such as CPC (Cost Per Click) for optimized spends
Regional brands can advertise during matches featuring their home teams, deepening local audience engagement during high-attention moments

The shift reflects the broader democratization of digital advertising in India, with the rise of connected TV consumption, regional language viewership, and digital sports audiences opening up new avenues for smaller businesses to compete alongside national brands for consumer attention.

Select advertiser experiences and regional success stories are currently being explored, offering a closer look at how digital sports advertising is helping small businesses strengthen visibility, customer engagement, and market reach during high-consumption events like the IPL.

Ras Al Khaimah, May 21: Global leader in light and sustainable construction, Saint-Gobain inaugurated its new construction chemicals manufacturing unit in Ras Al Khaimah, reinforcing its long-term commitment to the UAE market and expanding its regional product range offer along with production capabilities.

The facility inauguration ceremony was attended by Saint-Gobain senior leadership, including  Eastern Mediterranean and Middle-East CEO Antoine Ghazal and Gulf Countries CEO Emmanuel Jacquot, alongside  Consul General of France in Dubai and the Northern Emirates His Excellency Jean-Christophe Paris, Ras Al Khaimah Economic Zone (RAKEZ) Chief Experience Officer Ian Hunt, and key stakeholders from the construction sector.

Located in RAKEZ’s Al Ghail Industrial Zone and developed across 15,000 m², the facility has been operational since the second quarter of 2025, manufacturing a comprehensive range of mortar solutions, including premixed plasters, tile adhesives and grouts, screeds, and more. With a monthly production capacity more than 10,000 tonnes, the plant serves customers across the UAE, while laying the foundation for further expansion through additional production lines and increased storage capacity.

Emmanuel Jacquot said “As the world-wide leader in light and sustainable construction, we are completing our industrial set-up with our new plant of Construction Chemicals in Ras Al Khaimah. This new facility reflects our trust in the UAE’s long-term vision. Through this investment, we reaffirm our commitment to the UAE, strengthening local manufacturing, enhancing service capabilities, customer intimacy and contributing to the country’s industrial ambition.”

Commenting on why the company chose Ras Al Khaimah, he added, “Our decision to establish operations in Ras Al Khaimah was driven by its strategic location, enabling greater customer proximity and faster, more responsive service to the Northern Emirates construction sites. This complements our existing large-scale manufacturing hubs in Abu Dhabi and Dubai, allowing Saint-Gobain to expand our reach and deliver more efficiently across the UAE. Ras Al Khaimah, and RAKEZ in particular, provided the right environment for this expansion—with strong industrial infrastructure, ease of doing business, and seamless establishment support. This has enabled us to develop a facility that aligns with our production and supply chain requirements while bringing us closer to our customers.”

RAKEZ Group CEO Ramy Jallad said: “Saint-Gobain’s new set-up marks another significant milestone for Ras Al Khaimah’s industrial sector and reflects the steady momentum the emirate continues to see in construction-related industries. Manufacturers today are looking for environments where they can scale efficiently, operate with confidence, and stay closely connected to their markets. At RAKEZ, we continue to strengthen the infrastructure, services, and industrial environment needed to support that growth journey over the long term.”

The facility reflects the company’s continued investment in strengthening its regional manufacturing and supply chain capabilities and expanding its product range offer. With growing demand across the UAE’s construction sector, and notably for hospitality, non-residential buildings and infrastructures, the new plant enhances the company’s ability to serve key markets more efficiently while supporting future expansion plans from its Ras Al Khaimah base.

Solna, Sweden, May 21, 2026. One-carbon Therapeutics AB, a clinical-stage biotechnology company pioneering first-in-class cancer therapies, today announced the appointment of Stefan Larsson, MD, PhD, and Raj Shah, MD, as additional non-executive directors to its Board of Directors, effective April 28th. The appointments further strengthen scientific, operational and transactional expertise to the Board as the Company progresses dose escalation in its ODIN Phase 1/2 study of TH9619 as monotherapy in solid tumors and prepares for its next stage of growth.

The additions follow a period of strong execution for One-carbon Therapeutics, including the dosing of the first subject in the ODIN Phase 1/2 study, the closing of an oversubscribed SEK 153 million (€13.9 million) private placement, and a strategic molecular collaboration with Tempus. Dr Larsson and Dr Shah will contribute to shaping the Company’s clinical development strategy and its trajectory toward institutional financing.

“We are delighted to welcome Stefan and Raj as new members off our Board at this pivotal moment for One-carbon Therapeutics,” said Ana Slipicevic, Chief Executive Officer of One-carbon Therapeutics. “Stefan’s clinical insight and his lifelong focus on outcomes that matter to subjects directly reinforce our disciplined, data-driven development approach. Raj’s experience across healthcare investing, banking and clinical practice will be instrumental as we deliver against our milestones and engage with the next generation of partners and investors. Under the efficient leadership of our Chairman, Antoine Yver, the board brings exactly the perspectives we need as we translate our science into clinical impact.”

About the new Board members

Stefan Larsson, MD, PhD

Dr. Larsson trained at the Karolinska Institute (KI), Harvard Medical School and the MRC Human Genetics Unit in Edinburgh, and is an Associate Professor at KI. He spent 25 years with the Stockholm office of The Boston Consulting Group (BCG), where he founded and first led BCG’s global Payer and Provider sector and its Health Systems sector, and led BCG’s work on value-based health care. He is co-founder and Board Chair of the International Consortium for Health Outcomes Measurement (ICHOM), and a Distinguished Fellow with the World Economic Forum’s Health and Healthcare group. His book The Patient Priority was published by McGraw Hill in November 2022. Dr. Larsson has authored more than 30 peer-reviewed scientific publications and serves as a board member of Industrifonden, Symcel AB and Caneon AB.

Raj Shah, MD

Dr. Shah is Partner and Head of Healthcare at Nordic Capital Advisors, a position he has held since 2015, and brings over 30 years of experience across the healthcare industry. He holds several non-executive positions and serves on the board of several of Nordic Capital’s most significant portfolio investments. His healthcare experience spans both clinical practice, having initially qualified and practised as a cardiac surgeon at Oxford, and extensive transactional experience gained as Co-Head of Goldman Sachs’ healthcare investment banking practice, where he advised private equity and corporate clients.

About One-carbon Therapeutics

One-carbon Therapeutics AB is a clinical-stage precision oncology company pioneering novel cancer therapies built on a deep understanding of cancer biology. Its lead program, TH9619 is a first-in-class, potent small-molecule inhibitor of MTHFD1 and MTHFD2, overexpressed enzymes in cancer cells. This inhibition induces toxic folate trapping, starving tumors of thymidine, a critical DNA building block, leading to DNA damage, thereby causing cancer cell death. By combining strong mechanistic insight with rigorous clinical development, One-carbon Therapeutics aims to advance potent anti-tumor activity while maintaining improved tolerability for patients with solid tumors.

The company is headquartered in Sweden and is committed to translating cutting-edge science into transformative clinical impact for subjects worldwide.