ADNOC is planning to raise approximately $1 billion through an IPO.
ADNOC is preparing for an IPO of its logistics unit, ADNOC Logistics & Services (ADNOC L&S), to raise about $1 billion and support its ambitious growth plans.
The price of crude oil increases as Baghdad and Irbil sign an agreement to resume oil exports from northern Iraq.
The agreement between Baghdad and Irbil to resume oil exports from northern Iraq is a positive development for Iraq and the global oil market.
Borouge has agreed to expand its presence in East Africa.
Borouge, a joint venture between the Abu Dhabi National Oil Company (ADNOC) and Austria’s Borealis, has announced plans to invest in a new facility in East Africa.
Dubai Financial Services Authority and the Central Bank of Brunei Darussalam have signed MoU.
The signing of the MoU between the DFSA and CBB is expected to help promote greater economic and financial ties between the UAE and Brunei Darussalam, and to enhance the regulatory framework for the banking and financial services industry in both countries.
Al Ansari Financial Services has experienced an increase in transaction volumes of over 30%.
Al Ansari Financial Services has been experiencing strong growth in transaction volumes, attributed to the UAE’s robust economy and increasing popularity of digital financial services. The company has been investing heavily in digital technologies and offering innovative solutions that cater to modern consumer needs.
Inflation in the UAE will decrease this year due to a decrease in the rate of price increases.
The UAE has been grappling with inflation for several years, and experts predict that the country will experience a drop in inflation this year. Factors contributing to the expected decline include the impact of the COVID-19 pandemic, the recent strengthening of the UAE dirham, and government initiatives aimed at reducing the cost of doing business.
The month of Ramadan is expected to increase sales of consumer goods in the United Arab Emirates.
With Ramadan just around the corner, retailers and manufacturers in the United Arab Emirates are preparing for an uptick in consumer spending.
Adnoc Drilling is set to distribute a dividend of Dh341 million
Abu Dhabi National Oil Company’s (ADNOC) drilling subsidiary, Adnoc Drilling, is set to distribute a dividend of Dh341 million. The dividend payout comes after Adnoc Drilling’s successful initial public offering (IPO) last year, which was the largest in the Middle East since 2014. The dividend payment is a reflection of Drillings’ strong performance over the […]
In the first quarter of 2023, Dubai has recorded 88 residential property transactions worth over $10 million.
The real estate and construction markets in Dubai have seen a continuous rise in the first quarter of 2022, fueled by wealthy buyers looking to take advantage of the city’s attractive tax regime and lifestyle offerings.
A Bahrain-based utility company is looking to enhance its collaboration with DEWA on sustainability initiatives.
The Electricity Water Authority (EWA) of Bahrain has recently signed a memorandum of understanding (MoU) with the Dubai Electric and Water Authority (DEWA), to collaborate on a range of sustainability initiatives. This includes efforts to promote renewable energy, increase energy efficiency, and reduce carbon emissions.