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Adnoc Distribution doubles down on Egypt, Saudi Arabia expansions
The company plans to roll out more services at its filling stations and further expand into new cities, the company’s…
Adnoc, BP to form gas JV in Egypt
The JV is set to be established in 2H 2024
THIS EVENING: Adnoc + BP set up a new gas JV in Egypt
Good afternoon, ladies and gentlemen. It’s almost-THURSDAY, but the news cycle is picking up pace for the last two days…
OCI to sell entire 50% stake in Fertiglobe to Adnoc for USD 3.62 bn
The transaction prices Fetiglobe shares at an 8% premium at AED 3.20 per share
Rising oil prices drive hotter-than-expected US inflation in August
Saudi Arabia and Russia are trying to push oil prices towards USD 100, complicating the Federal Reserve’s attempts to calm…
Military stake sales in the spotlight as Taqa Arabia joins race for Wataniya, 2 investors circle Safi
Taqa is one of four companies doing due diligence on the company
China slowdown, US banks weigh on global stocks
China’s central bank unexpectedly cut interest rates yesterday to arrest the country’s economic slowdown
Global banks are pricing in a soft landing as greenback weakens
But corporate defaults are expected to rise as high rates bite
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