ABU DHABI / WAM Adnoc Gas plc on Monday announced that, following approval from the SCA, its selling shareholder, Abu Dhabi National Oil Company (Adnoc or the selling shareholder) has exercised its right set out in the UAE prospectus to increase the number of ordinary shares offered in the initial public offering (IPO) of the company. Adnoc will now offer ...

DUBAI / WAM  In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued directives to immediately allocate 8,500 land plots to Emirati citizens in the Al Yalayis 5 area. The plots are located on an area spanning 120 million square feet. His Highness Sheikh Mohammed’s ...

BLOOMBERG Hong Kong’s exports plunged in January by the most in 70 years as waning global demand and the Lunar New Year break weighed on trade and Chinese demand remained weak, even after the mainland emerged from Covid Zero. Overseas shipments plummeted 36.7% from a year earlier to HK$290.9 billion ($37.1 billion), the Census and Statistics Department said. That was ...