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Abu Dhabi wealth fund to buy 30% of Domestic & General

Bloomberg Abu Dhabi’s sovereign wealth fund agreed to buy about a 30% stake in Domestic & General Group Ltd, the UK appliance warranty provider owned by CVC Capital Partners. The deal with the Abu Dhabi Investment Authority (Adia) is expected to close by year-end, Domestic & General said in an emailed statement Wednesday, which confirmed an earlier Bloomberg News report. ...

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200 experts to convene in Abu Dhabi for World Energy Congress

ABU DHABI / WAM More than 200 of the respected energy experts, pioneers and decision makers from around the globe have now been lined up to lead the discussions at the 24th World Energy Congress in Abu Dhabi. To be held from September 9 to 12 at Abu Dhabi National Exhibition Centre (Adnec), the event will mark the first time ...

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Fujairah oil product stocks climb for first time in six weeks

FUJAIRAH / WAM Stockpiles of oil products at the Fujairah port in the UAE increased for the first time in six weeks, against a backdrop of strong summer demand from utilities in the region and for jet fuel from Europe, data by the Fujairah Oil Industry Zone showed. Total stockpiles rose 4.2 percent over the past week to 19.36 million ...

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