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Adnoc signs deal for ammonia value chain

ABU DHABI / WAM Adnoc announced on Monday that it will explore opportunities to support the climate-neutral transformation of industry through the creation of a low-carbon ammonia value chain with state government and industry representatives in Germany’s North Rhine-Westphalia. The announcement was made following the signing of a memorandum of understanding (MoU) between the government of North Rhine-Westphalia, Adnoc, and ...

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UAE’s Al Ansari Financial Services raises AED773 million in offering

DUBAI / WAM Al Ansari Financial Services on Monday announced it has set the final offer price for its IPO at AED1.03 per share, at the top of the previously announced price range. The announcement follows the completion of the book building and subscription process for its initial public offering (IPO). Al Ansari raised, through the initial public offering, AED773 ...

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Middle East airport developments entails $151b in capital expenditure

ABU DHABI / WAM After most of the multi-billion dollar airport construction projects were put on the back burner or temporarily curtailed over the past three years, operators and investors have been racing down the tarmac as the Middle East and Asia-Pacific regions are expected to account for 58% of the global air passenger demand in 2040. The Capa – ...

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