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Adnoc awards minority stake in an Abu Dhabi concession to Azerbaijan’s Socar
Plus: More from Masdar, EGA, MBRIF, Bajaj, Lucid, Adani, and DP World
Fuel prices slashed for the first time in five months
Plus: Outdoor work will be limited as of 15 June in time for summer
Rak White Cement gives nod to Ultratech’s stake acquisition bid
The company will proceed with the regulatory procedures for the acquisition to take place
Electra gets regulatory greenlight to acquire Egypt’s Elsewedy Electric
Elsewedy Electric will need to tap a financial advisor and clarify the board’s decision within the next 15 days
Binghatti is launching a new AED 3 bn Business Bay project
PLUS: India’s BluSmart runs test drives in Dubai
Masdar inks a spate of agreements on Indonesian renewable energy projects
PLUS: NCI sets up shop in the UAE
RedBird IMI completes acquisition of UK-based All3Media
The acquisition is RedBird IMI’s largest to date
Wood Group rejects higher takeover bid from Sidara
The revised bid sees Wood Group valued at GBP 1.47 bn, instead of GBP 1.43 bn
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