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Adnoc clears final hurdles for Covestro takeover
Covestro had guided for the transaction to close before 2 December
Adnoc clinches long-awaited EU approval for Covestro takeover
This would be the largest Gulf-led buyout of a European-listed company
Adnoc appoints new group CTIO
Almansoori will drive the company’s AI and tech strategy
THIS MORNING: Adnoc’s trading unit plans to boost volumes by two-thirds + Human Resources Ministry tightens regs on business centers, introduces penalties
Plus: Dubai is now the most accommodating destination for the world’s elite, according to Savills
Adipec wraps after USD 46 bn in agreements, with T’aziz securing offtakers for petrochems products
T’aziz will supply more than 350k tonnes of EDC and VCM a year to India’s Sanmar Group
THIS MORNING: IHC is not looking to sell a stake in Aldar + Adnoc eyes expansion abroad through Adnoc Distribution, AIQ
Plus: Islamic banks’ revenues to get a boost from recently launched retail T-sukuk initiative
HNWI exodus draws Bentley Reid to DIFC
Plus: Snoc finds more gas at Al Hadiba
AD Ports Group and Nixem to invest AED 3.9 bn in LNG, LPG terminal hubs at Khalifa Port
The project is valued at over AED 30 bn based on projected 50-year multiple revenue streams from the terminals
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