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Adnoc completes acquisition of Fertiglobe, El-Hoshy staying on as CEO
The transaction increases Adnoc’s stake in Fertiglobe to 86.2%
Adnoc will close Fertiglobe acquisition this week
The transaction is set to close on Tuesday, 15 October
THIS MORNING: Adia to participate Adani’s USD 2 bn share sale? + Dubai will be 90% cashless by 2026
Plus: Acelen bondholders are getting antsy as talks for a sale of the Mataripe refinery from Mubadala drag on
Emirates Reem Investments acquires stakes in two firms
Spinneys will build a food processing facility in Dubai
THIS MORNING: First gaming license handed to Wynn Resorts for Marjan resort + Some teachers to get golden visas?
Plus: Cabinet approves new agriculture initiative
Mashreq grants Gargash Group its debut green loan + New CFDs fro DFM, ADX indices
Plus: Lots of real estate, crypto, hospitality, and construction news
Adnoc Covestro takeover, Bayanat + Yahsat merger makes headlines
Adnoc sees the public takeover offer as a strategic long-term investment
UK’s Marex snaps up Aarna, expands to Abu Dhabi
Marex is slated to close the transaction in late 2024
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