ABU DHABI / Agencies The Abu Dhabi National Oil Company (Adnoc) on Monday announced that it has set the offer price per share for the initial public offering of Adnoc Drilling Company at AED2.30, implying an equity value of $10 billion. The offer price was determined by Adnoc, as the selling shareholder, and Adnoc Drilling, following investor engagement that saw ...

ABU DHABI / WAM AD Ports Group has announced that more than 2.2 million square metres of its Industrial Cities and Free Zone Cluster have been leased during H1 of 2021 to local, regional, and international businesses, an indication that demand for industrial land continues to accelerate despite the impact of the Covid-19 pandemic on businesses. AD Ports Group’s Industrial ...

ABU DHABI / WAM The UAE has pledged to carry out direct humanitarian projects in Afghanistan worth AED 184 million ($50 million). This came during the participation of Ahmed Ali Al Sayegh, Minister of State, in the Ministerial Meeting in Support of the Humanitarian Situation in Afghanistan, chaired by UN Secretary-General Antonio Guterres. In his remarks, Al Sayegh underscored the ...