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XRG snaps up stake in Turkmenistan gas block
XRG will hold a 38% stake in the gas block
Adnoc gets the all-clear from EU antitrust regulators for Covestro takeover
The European Commission said the transaction poses no competition concerns
Earnings season continues
Talabat saw a 24% uptick in its bottom line whilst Adnoc L&S’s sunk by 5%
Fetriglobe to acquire Wengfu Australia’s distribution assets
The acquisition is expected to be EPS accretive by 2.8% in 2026 and 4.1% in 2027, before synergies
THIS MORNING: EU regulators to decide on Adnoc’s Covestro bid today
Plus: Seven Dubai government entities pledge to integrate in-country value program criteria into procurement strategies
Earnings updates keep coming
Adnoc Drilling | Emaar | Dana Gas | Union Properties | Aramex | Dubai Taxi | Presight | RAK Properties
IHC, Burjeel, Adnoc Distribution, and HSBC post 1Q earnings
ALSO- HSBC Middle East’s bottom line fell 24.9% y-o-y during the quarter
THIS MORNING: EU antitrust regulators set to give their OK to Adnoc for Covestro takeover + Fed likely to keep rates unchanged at meeting today
Plus: The UAE now aims to increase Islamic bank assets to AED 2.6 tn within six years
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