Business News from Thursday, August 13th, 2026
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ADNOC's XRG advances global gas strategy with Venezuela entry
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
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Iger, Kushner purchasing Lakers for record $12.5 billion
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
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UAE says situation is safe after missile threatThe UAE's air defence systems detected a missile threat on Tuesday, with authorities advising the public to stay in a safe location and follow official channels for warnings and updates.
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UAE, US Presidents discuss regional developmentsUAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received a phone call from US President Donald Trump.
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UAE advances Zayed’s humanitarian legacy across bordersThe UAE marks World Humanitarian Day on August 19, reaffirming its longstanding commitment to helping people in need and supporting communities around the world.
