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Adnoc Drilling sells USD 935 mn stake in secondary sale
The Adnoc subsidiary priced its offering at AED 3.90 a share
The details of Philip Morris’ Eastern Company stake acquisition. PLUS: News from Azza Fahmy, cabinet, INA
Philip Morris snapped up 49% of the UK-registered UK Egypt Investments Holding Limited, the sole owner of Global Investment Holding
Wepco mulls USD 420 mn expansion of oil storage infrastructure at its Al Hamra Terminal
Wepco is planning to process 95 mn barrels of oil during the next fiscal year — an average of 260k…
QatarEnergy to acquire 40% stake in two of ExxonMobil’s offshore exploration blocks in Egypt
ExxonMobil will retain the remaining 60% of the two concessions.
Raya Contact Center’s board greenlights full acquisition of Gulf CX. PLUS: Oxy Egypt’s UAE expansion, new private freezone plans, Ras El Hekma marina greenlit
Raya CX acquired an 85% stake in the company in 2021
Gov’t locks in a lease agreement for an LNG regasification vessel with Norway’s Höegh LNG
The country is gearing up to meet rising energy demand this summer by ramping up LNG imports
Scatec and Orascom Construction-led consortium allocated land for two wind farms that will generate 8 GW of energy
The two wind farm projects will bring in some USD 9 bn in FDI
Shell, TotalEnergies eye Ruwais stake
Japanese trading firm Mitsui is also mulling a stake
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