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Adnoc gets the all-clear from EU antitrust regulators for Covestro takeover
The European Commission said the transaction poses no competition concerns
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
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
Adnoc Drilling snatches up USD 806 mn long-term contracts for three newbuild island rigs
The addition will up Adnoc Drilling’s total fleet to over 151 rigs by 2028
Hotpack invests USD 100 mn to launch first US facility
Economy Minister Abdulla bin Touq Al Marri met with New Jersey Governor Phil Murphy to discuss strengthening economic and investment…
More 1Q earnings: Mashreq | Borouge | Americana | DAE | Alef Education
Mashreq’s client asset growth helped cushion the impact of the UAE Central Bank’s rate cut
Adnoc’s Borouge looks to boost production capacity to 6.6 mn tonnes by 2028
The firm inked two engineering project contracts slated to generate between AED 600 mn and AED 730 mn in annual…
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