ABU DHABI / WAM Adnoc Logistics & Services, a global energy maritime logistics leader, on Tuesday announced the offer price range and the opening of the subscription period for its initial public offering (IPO) on the ADX. The price range for the offering has been set between AED1.99 to AED2.01 per share, implying an equity value of $4.01 billion to ...

DUBAI / WAM In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to develop an integrated system to support the growth of family businesses, HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of ...

BLOOMBERG  Morgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, with China taking the biggest hit as deteriorating relations with the US and weaker economic growth curb dealmaking, people familiar with the matter said. The bank is likely to start communicating with affected bankers as soon as this week, with more than 40 jobs at risk, ...