Recent Posts

IHC completes acquisition of 70% stake in Arena Events

  Abu Dhabi / WAM International Holding Company PJSC, the Abu Dhabi-headquartered multi-sector conglomerate, has completed its acquisition of a majority stake in Arena Events Group PLC (Arena), a world-leading event structures and entertainment services business, previously listed on the AIM market of the London Stock Exchange. The acquisition of a 70% stake in Arena for a total consideration of ...

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Ukraine crisis: Oil tanker owners avoid collecting Russian crude

  Bloomberg Oil tanker owners are avoiding offering their ships to collect crude from Russia as they wait to see what sanctions the country might face after invading Ukraine. Two shipbrokers and three owners said owners are currently unwilling to make offers to collect Russian barrels. The owners said that oil-freight transportation costs are also very low anyway, making it ...

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Abu Dhabi’s ADX, AIX agree on terms of collaboration

  ABU DHABI / WAM Following the signing of the Memorandum of Understanding (MoU) in October 2021 between the Abu Dhabi Securities Exchange (ADX) and the Astana International Exchange (AIX), the two exchanges announced that officials from both financial markets met to further define the areas of mutual collaboration and target immediate next steps to achieving the goals of the ...

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