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Borouge control locks in ahead of merger finish line, Talabat picks up rent, Rakbank and Network International finalize agreement
ALSO- Talabat is cutting one of F&B’s biggest costs by offering 100 no-rent cloud kitchens
Al Jaber says Strait of Hormuz disruption is “economic terrorism” as LNG exports stall
Adnoc Gas has reduced output at Das Island to very low levels, sources say
Adnoc inks key agreement for Borouge complex, Mubadala makes returns on sale, and Starlink lands in the UAE
Adnoc’s agreement allows the company to secure annual earnings as they await the full completion of the acquisition of Borouge’s…
Adnoc’s Azerbaijan plays raise production, Aramex expands in Dubai South, Amanat increases stake to takeover Saudi’s Sukoon
Adnoc’s overseas gas field in Azerbaijan ramps up production Adnoc is poised to expand its international gas portfolio, as its…
Drone strike halts operations temporarily at Adnoc’s Al Ruwais refinery
The refinery is the UAE’s largest, with a processing capacity of over 900k bbl / d of oil
THIS MORNING: Attacks on energy infrastructure in the Gulf continue + Flights disrupted last night due to missile threat
Plus: Fitch sees Strait of Hormuz closure as posing a “limited” shock to oil prices
THIS MORNING: The UAE’s non-oil PMI hit a 12-month high in Feb + firms signal business as usual amid ongoing conflict
Plus: Dana Gas halts production at Iraq’s Khor Mor
THIS MORNING: JPMorgan trims Gulf growth forecast + Adnoc shelves dim sum issuance amid regional conflict
Plus: Expect a volatile market open tomorrow, pundits say
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