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Fatima Al-Nouri

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Fatima Al-Nouri is an experienced journalist passionate about financial freedom. Her career highlights include features on Bitcoin adoption, stablecoins, and global regulation. She received her diploma in Journalism and New Media and continues to engage Arabic-speaking audiences on digital finance.
US-Saudi nuclear deal

The US-Saudi nuclear deal cleared its biggest hurdle this week, with President Donald Trump signing off on it. Two people familiar with the decision told the Associated Press an announcement is expected Wednesday. Neither would speak on the record before the formal rollout. Reporting from The Wall Street Journal broke the news first on Tuesday. The pact runs 30 years and pulls US firms into building the kingdom’s program. Washington and Riyadh have chased this outcome for years, across both the Trump and Biden administrations. For Trump, Saudi Arabia has become a signature foreign policy bet. Energy Secretary Chris Wright is expected to sign the accord with his Saudi counterpart, Prince Abdulaziz bin Salman. The two men discussed building out the kingdom’s commercial nuclear power industry during Wright’s trip to the region last year.

What the US-Saudi nuclear deal actually allows

Here is where the US-Saudi nuclear deal gets sensitive. The accord could let Saudi Arabia enrich uranium inside its borders. That would follow a joint US-Saudi study on whether domestic fuel makes economic sense. Uranium enrichment sits at the center of the debate. It is one of two routes to the material inside a nuclear weapon, alongside plutonium reprocessing. Most countries with civilian reactors skip enrichment and buy fuel from suppliers like the US or Russia. Saudi leaders want the option at home. The plan also leans on American builders, with reactor firm Westinghouse in line to benefit.

Why Congress is worried

This is where the US-Saudi nuclear deal meets resistance. The agreement heads to Congress for review, and some lawmakers are uneasy. They fear helping Riyadh enrich its own uranium could set off fresh nuclear proliferation across the region. Officials call the 30-year framework a 123 agreement, named for a section of the US Atomic Energy Act. Saudi Arabia belongs to the International Atomic Energy Agency. The Vienna-based body promotes peaceful nuclear work and inspects for hidden weapons programs. Reports suggest the deal skips the IAEA’s Additional Protocol, which grants inspectors wider access. It also breaks from the 2009 US-UAE accord. Back then, Abu Dhabi agreed not to enrich and accepted tougher oversight, the so-called gold standard.

The money and the regional stakes

The dollars behind this are large. US officials frame the accord as billions for the American nuclear industry, part of a plan to reach 20 nuclear deals worldwide. Enrichment alone does not build a bomb. A country still needs other steps, including synchronized high explosives, before any weapon is possible. Crown Prince Mohammed bin Salman has said before he would seek a bomb if Iran built one. The timing is loud, because this approval lands while the US and Israel wage war on Iran’s nuclear program. Saudi Arabia and Pakistan signed a mutual defense pact last year. Pakistan’s defense minister later said his nation’s nuclear program would be available to the kingdom if needed. Kelsey Davenport, director for nonproliferation policy at the Arms Control Association, sees a clear opening. “Even with restrictions and limits, it seems likely that Saudi Arabia will have a path to some type of uranium enrichment or access to knowledge about enrichment,” she wrote.

What I would watch next

Here is my read. The money is real, with billions flowing to a US nuclear industry hungry for export wins. Politics is the harder part. Watch Congress, watch the inspection terms, and watch how Iran reads all of it. Saudi Arabia’s civilian nuclear program has moved from talking point to signed framework. For a region already on edge, this US-Saudi nuclear deal changes the math.

FAB Launches the Emirati Jaywan Debit Card

FAB launches the Emirati Jaywan Debit Card, and the country now has a homegrown card sitting inside its biggest bank. The card is live for domestic use. It runs on the UAE national card scheme, the local rails managed by Al Etihad Payments and backed by the Central Bank of the UAE. First Abu Dhabi Bank is the largest lender in the country by assets. So this reads as a real signal, not a pilot.

What the Jaywan debit card does

Here is what you get. The Jaywan debit card handles everyday payments and cash access across the UAE. Tap or dip at local merchant outlets. Online, it works on UAE-based platforms. ATMs nationwide handle cash withdrawals. The card also links to digital wallets through tokenised wallet integration, so your card details get swapped for a secure token on supported devices.

Security sits at the core. The card uses Chip and PIN for in-person buys and 3D Secure authentication online. Your four-digit PIN confirms you are the real cardholder at the till. For a domestic scheme handling millions of daily taps, this layer counts.

Why FAB launches the Emirati Jaywan Debit Card now

Timing tells the story. FAB launches the Emirati Jaywan Debit Card as the national rollout moves from plan to practice. The card is integrated with the FAB Mobile app, so you manage it where you already bank. You watch transactions, handle your account, and run digital servicing from one screen. Al Etihad Payments built Jaywan to localise card payments and cut transaction costs. Keeping this flow inside UAE borders also strengthens national data sovereignty, a point FAB made plainly.

Two names carried the message. Futoon Al Mazrouei, Group Head of Personal, Wealth and Business Banking at FAB, tied the card to trust and customer focus inside the UAE’s financial system. Andrea Ciancetti, Chief Products Officer at Al Etihad Payments, called the FAB launch “a critical milestone for the roll-out of the scheme,” and thanked the bank for making Jaywan real for people nationwide.

How to get the Jaywan debit card

Getting one is simple if you already bank with FAB. Apply through the FAB Mobile app or at a FAB branch. No account with the bank yet? Open an eligible one first, then apply. Elite and Private Banking clients can go through their relationship managers. FAB has not disclosed fees, account tiers, or rewards, so check those points before you commit.

Jaywan is bigger than one card. The scheme, launched in 2024, is the first UAE national card scheme, built to localise payments and lower costs for merchants and banks. First Abu Dhabi Bank is one of the early issuers, with other lenders lining up prepaid and debit products over the coming months. Al Etihad Payments has also signed global networks for co-badged cards, so travel use can follow the domestic base. For now, the FAB card stays inside UAE borders.


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ADNOC Umm Shaif Gas Cap

The ADNOC Umm Shaif Gas Cap has moved from a plan to a funded project, with a $6.2 billion final investment decision now signed. ADNOC will develop the offshore field alongside TotalEnergies, Eni and China National Petroleum Corporation. The deal carries a headline figure of AED22.6 billion. It targets first output by 2030.

What the ADNOC Umm Shaif Gas Cap deal delivers

The development will add more than 600 million standard cubic feet per day of natural gas and associated gas liquids. That equals close to 10 percent of what the UAE burns in a day right now. For a country holding the world’s seventh-largest gas reserves, the math matters. Rising UAE natural gas production feeds homes, factories, and the power-hungry data centres behind artificial intelligence growth. You can read this as a bet on demand staying strong.

The Umm Shaif Gas Cap FID sits inside a wider push. ADNOC has been expanding its liquefied natural gas reach and firming up UAE energy security at the same time. Global demand for lower-carbon gas keeps rising, which raises the stakes. Both goals point the same direction.

Who is building it and how

Contracts back up the ambition. ADNOC awarded three engineering, procurement and construction packages worth a combined $5.1 billion, or AED18.8 billion. Consortiums of UAE and international contractors won the work, which covers large-scale offshore infrastructure. A separate $365 million programme, AED1.3 billion, funds 14 wells. ADNOC Drilling will run that campaign over 18 months using three rigs it already owns. No new rigs join the field.

Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, tied the move to the company’s broader plan. “The Umm Shaif Gas Cap FID is another important milestone in delivering this strategy and reinforcing ADNOC’s position as a reliable gas supplier,” he said. Umm Shaif is Abu Dhabi’s longest-operating offshore field, so this builds on decades of work.

The field runs deep in the emirate’s history. It hosted Abu Dhabi’s first offshore well and fed the emirate’s first oil exports back in 1962. Six decades on, it now anchors a gas plan aimed at near self-sufficiency by 2030.

The bigger gas play

This Abu Dhabi offshore gas project does not stand alone. The ADNOC Umm Shaif Gas Cap follows a concession award for the Bab Gas Cap from the Supreme Council for Financial and Economic Affairs. That field is expected to add another 1.5 billion standard cubic feet per day of gas and liquids. Stack the two, and the supply picture grows fast.

There is a trading side too. A new ADNOC LNG platform now sits in Abu Dhabi Global Market. The venture is chasing 47 million tonnes per annum of marketable LNG capacity by 2035. That scale would place it among the largest LNG traders anywhere. The ADNOC Umm Shaif Gas Cap fits neatly into that goal, feeding molecules into a growing export machine.

My read: the ADNOC Umm Shaif Gas Cap is Abu Dhabi buying insurance and market share at once. Demand for reliable, lower-carbon gas keeps climbing, and ADNOC wants to be the name buyers trust when they place long orders. The 2030 timeline gives partners room to build. Watch the drilling pace over the next 18 months for the first real signal.