Bloomberg China Evergrande Group and its property-services arm were halted in Hong Kong stock trading amid a report that the developer agreed to sell a controlling stake in the unit to raise much-needed cash. Trading of Evergrande was suspended pending an announcement on a “major transaction,” the developer said in a stock exchange filing. Evergrande Property Services Group said it ...

Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Sunday listed Adnoc Drilling Company on the Abu Dhabi Securities Exchange (ADX). This initial public offering (IPO) will raise over $1.1 billion, making the Adnoc Drilling IPO the largest-ever ADX listing to date and will also be the first issuance on the newly inaugurated ADX premises. This important milestone will ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of congratulations to President Frank-Walter Steinmeier of Germany, on the occasion of his country’s Unity Day, which is marked on October 3. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and HH ...