Bloomberg Emirates National Oil Co, the state-owned oil refiner in Dubai, has held discussions with banking advisers for a potential initial public offering of its fuel-retailing unit, on the heels of a similar move in Abu Dhabi, according to people familiar with the matter. The retail arm of ENOC, as the company is known, could be valued at more than ...

ABU DHABI / Reuters Abu Dhabi is pushing ahead with a second solar power plant and will invite bidders by the middle of the year, a top official of the emirate’s utility said on Monday. Last year the Abu Dhabi Water & Electricity Authority (Adwea) closed a $872 million financing package for its first solar power plant with capacity of ...

Abu Dhabi / Reuters First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates, has issued a $610 million Formosa bond, it said on Monday, confirming an earlier Reuters report. Formosa bonds are sold in Taiwan by foreign borrowers and are denominated in currencies other than the Taiwanese dollar. First Abu Dhabi Bank priced the deal last ...