Bloomberg Indonesia’s stock benchmark avoided a correction after an intraday tumble of more than 10% from its high in April, dragged by technology shares. The Jakarta Composite Index of shares closed little changed on Friday, capping this week’s losses at 8.7%. That’s the worst week since March 2020, when the country shut its international borders to curb the pandemic. ...

  Abu Dhabi / Gulf Time Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in the region, reported consolidated financial results for the three months ended March 31. Taqa delivered strong performance underpinned by its stable regulated and contracted utilities businesses and boosted by higher commodity prices. The company reports group revenues of AED12.4 billion, ...

  Abu Dhabi / WAM Fertiglobe, the strategic partnership between Adnoc and OCI, on Thursday reported its Q1 2022 results, announcing that revenues for the first quarter increased 118% to $1.2 billion, while adjusted Ebitda grew 171% to $625 million compared to Q1 2021. Adjusted net income in Q1 2022 was $361 million, increasing by 332% year-on-year, while free cash ...