Abu Dhabi / WAM ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, announced on Wednesday that it has signed an agreement to acquire an indirect 45 percent equity stake in Louis Dreyfus Company (LDC) a leading global merchant and processor of agricultural goods. As part …

Bloomberg Oil rises above $45 a barrel in London for the first time in 10 weeks as financial markets continued to advance on a vaccine breakthrough and US crude stockpiles appeared to retreat. Brent futures advanced in tandem with equity markets, having been buoyed initially this week by the election of Joe Biden as US president and then Pfizer Inc.’s …

Bloomberg China inked its first term deal to buy liquefied natural gas (LNG) from an American exporter since the trade war disrupted deliveries, a sign of confidence that relations with the US could be normalising. Foran Energy Group said it signed a framework agreement with US producer Cheniere Energy Inc to purchase 26 cargoes between 2021 and 2025. The deal …