{"id":578077,"date":"2022-12-14T04:00:43","date_gmt":"2022-12-14T04:00:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/adnoc-appoints-banks-to-take-lead-on-ipo-of-gas-business-says-bloomberg\/"},"modified":"2022-12-14T04:00:43","modified_gmt":"2022-12-14T04:00:43","slug":"adnoc-appoints-banks-to-take-lead-on-ipo-of-gas-business-says-bloomberg","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/14\/adnoc-appoints-banks-to-take-lead-on-ipo-of-gas-business-says-bloomberg\/","title":{"rendered":"Adnoc appoints banks to take lead on IPO of gas business, says Bloomberg"},"content":{"rendered":"

<\/a> Adnoc is moving ahead with its big IPO plans for gas unit<\/strong>: The Abu Dhabi National Oil Company (Adnoc) has tapped several banks to lead a planned IPO for its gas unit next year, Bloomberg<\/a> reported, citing people in the know. The state energy company has reportedly chosen Goldman Sachs, Bank of America and First Abu Dhabi Bank as joint global coordinators for the share sale, which is slated to be one of Abu Dhabi\u2019s largest listings<\/strong>, the sources said. The news comes a few weeks after Adnoc said it will combine its LNG and gas-processing arms<\/a> into a single entity, Adnoc Gas, that it plans to take public on the ADX next year.<\/p>\n

Global debt is falling, but it\u2019s a mere drop in the ocean:<\/strong> Global public and private debt posted its largest drop in 70 years in 2021 but still remained well above pre-pandemic levels, the IMF said on Monday. Total public and private debt dropped 10 percentage points to 247% from its peak level of 257% a year earlier, it wrote in a blog post<\/a> accompanying its first Global Debt Monitor.<\/p>\n

Also worth noting:<\/strong><\/p>\n