ABU DHABI / WAM Adnoc announced on Monday that it will explore opportunities to support the climate-neutral transformation of industry through the creation of a low-carbon ammonia value chain with state government and industry representatives in Germany’s North Rhine-Westphalia. The announcement was made following the signing of a memorandum of understanding (MoU) between the government of North Rhine-Westphalia, Adnoc, and ...

DUBAI / WAM Al Ansari Financial Services on Monday announced it has set the final offer price for its IPO at AED1.03 per share, at the top of the previously announced price range. The announcement follows the completion of the book building and subscription process for its initial public offering (IPO). Al Ansari raised, through the initial public offering, AED773 ...

ABU DHABI / WAM After most of the multi-billion dollar airport construction projects were put on the back burner or temporarily curtailed over the past three years, operators and investors have been racing down the tarmac as the Middle East and Asia-Pacific regions are expected to account for 58% of the global air passenger demand in 2040. The Capa – ...

ABU DHABI / WAM Edge Group has announced the acquisition of UAE-based Trust International Group, a defence trading specialist and major supplier of premium solutions to the UAE Armed Forces and security establishments. Trust will join Edge within its Trading and Mission Support cluster, complementing the Group’s existing multi-domain capabilities. Founded in 2004, Trust acts as a supplier and military ...

BLOOMBERG A Brookfield Asset Management Inc-led consortium agreed terms on a A$18.7 billion ($10.2 billion) deal, including debt, to acquire Australian utility Origin Energy Ltd after months of delays. The consortium, which includes EIG Global Energy Partners, increased the value of its proposal following further talks in recent weeks and the pact will value Origin’s shares at A$8.912 each, the ...

BLOOMBERG France’s oil-processing industry is running at a fraction of normal capacity as worker strikes enter their fourth week. Four of the nation’s six refineries are barely operating after Exxon Mobil Corp started taking the larger of its two French facilities out of service at the weekend because it can’t get crude into the site. The country’s labour action is ...

ABU DHABI / GULF TIME Under the patronage of Sheikha Fatima bint Mubarak, the General Women’s Union and Maqta Gateway, part of AD Ports Group, celebrated the graduation of the fourth cohort of the ATLG Programme. Created to promote the presence of women in technical fields related to strategic trade and logistics projects, the ATLG Programme empowers Emirati women to ...

ABU DHABI / WAM Presight AI Holding, a G42 company and a big data analytics company powered by artificial intelligence (AI), has listed and commenced the trading of its shares on the First Market of the Abu Dhabi Securities Exchange (ADX) on Monday. The initial public offering (IPO) of the company was oversubscribed by 136 times in aggregate, excluding the ...

ABU DHABI / WAM The Abu Dhabi Music and Arts Foundation (Admaf) announced the signing of a memorandum of understanding with the Mohammed bin Zayed University of Artificial Intelligence (MBZUAI) as part of its ongoing efforts to empower the nation’s youth and help develop their skills. Through the MoU, both parties aim to create a pathway to knowledge by co-curating ...

ABU DHABI / GULF TIME Q Properties — a leading UAE real estate developer and subsidiary of Q Holding — unveiled a collection of stylish new luxury apartments in Reem Hills, located in the heart of the capital and the only gated community on Al Reem Island. The new collection has been created for value seeking buyers wanting an attractive, ...