ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc) and Borealis AG (Borealis) are considering a potential initial public offering (IPO) of a minority stake in their joint venture business Borouge. Headquartered in Abu Dhabi, Borouge is a leading provider of innovative, value creating plastics solutions. Adnoc and Borealis will provide further material updates as and when appropriate.

  Abu Dhabi / Gulf Time National Central Cooling Company PJSC (Tabreed), on Tuesday released its consolidated financial results for 2021, reporting a net profit of AED 585.2 million – an increase of 6% compared to its 2020 performance. In addition, Tabreed’s board of directors recommend a dividend of 12.0 fils per share, to be paid 50% in cash and ...

  Dubai / WAM The number of weekly visits to Expo 2020 Dubai has passed the one million mark for the first time since the site opened over 19 weeks ago, climbing to a total of 13,457,400 as of February 14. Expo 2020 Dubai’s virtual visitation numbers reached more than 121 million, but this is set to soar even further ...