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Drilling kicks off at EOG Resources-operated shale block in the UAE
Plus: Stronghold Capital secures DFSA approval to operate as a hedge fund manager in DIFC
IHC’s RIQ to offer Adnoc USD 500 mn in risk coverage
The Adnoc agreement takes RIQ’s committed premiums to more than USD 1 bn over the coming decade
Another hiccup in Adnoc’s Covestro takeover + Opec+ to weigh another supply hike on Sunday?
Plus: ICD’s Kerzner expands One&Only brand with new resorts in Fiji and US
THIS MORNING: Sobha Realty on roadshow for maiden green sukuk + Airtel Africa mulls UAE as listing venue for Airtel Money
Plus: Mubadala’s Corient acquires heavyweight European wealth managers
Adnoc raises AED 1.2 bn from oversubscribed Adnoc L&S share sale
The sale was nearly 7x oversubscribed
Adnoc takes additional 3% stake in Adnoc L&S to market
Some 222 mn existing shares are being offered to institutional investors in and out of the UAE
India to become Adnoc’s biggest LNG customer, after latest 15-year agreement
Adnoc will supply up to 1 mn tons per annum (mtpa) of LNG from its Ruwais LNG project
RTA to widen DXB bridge
ALSO- Luxury furniture and interiors brand Al Huzaifa set up a new real estate development arm
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