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NMDC Energy shares jump 20% on market debut
The IPO marks the largest listing in the UAE this year
Pearl Petroleum initiates arbitration against Khor Mor EPC contractor
Pearl terminated Enerflex’s EPC contract for the project last month
THIS MORNING: NMDC Energy to debut on the ADX + Joby Aviation applies for operational license in UAE
Plus: Opec+ cuts crude demand growth for 2024 and 2025
Presight tapped by Jordan to digitize its healthcare sector
PLUS: Accounting firm Sol.online launches in Dubai
Adnoc to provide LNG from Ruwais to IndianOil
Adnoc wil supply 1 mn metric tons of LNG to the Indian oil company
Petronash Global to be acquired by Saudi Arabia's Bawan
The two companies are expected to sign a sale and purchase agreement by 30 September
Masdar and Adnoc are feeling acquisitive
Adnoc could be going head-to-head with Aramco in South Africa
NMDC Energy closes AED 3.2 bn IPO with 31x oversubscription rate; shares start trading 11 September
Plus: GCC bank profitability looks good this year | Leon Black sets up family office outpost in ADGM
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