2024-09-21 13:55:35

UAE’s Adnoc Considers Bid for Oil Trader Gunvor

Bloomberg

By Archie Hunter

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Abu Dhabi National Oil Co. is considering a deal to buy all or part of commodity trading house Gunvor Group, according to people with knowledge of the matter, in what would be one of the industry’s biggest deals in years.

#oil #biggestdeals #eastnewsletter

Continue read on bloomberg.com

MarketsBy Shaji Mathew2024-09-19 05:29:06

Abu Dhabi’s IHC Buys 15% Stake in IPO Candidate Burjeel Holdings

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. International Holding Co. acquired a 15% stake in Burjeel Holdings,...

#AbuDhabi #eastnewsletter #healthcareprovider

MarketsBy Dinesh Nair2024-09-09 11:48:59

Saudi Wealth Fund Leads Bidding for Starbucks Franchise Stake

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Saudi Arabia’s sovereign wealth fund has emerged as the frontrunner...

#Wealthfund #starbucks #eastnewsletter #minoritystake #franchise

MarketsBy Matthew Martin2024-09-07 04:00:00

Investcorp, Mubadala Back TruKKer Fundraise Ahead of Planned IPO

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Middle Eastern logistics startup TruKKer raised $100 million from...

#logistics #startup #investment #eastnewsletter #ipo

MarketsBy Archana Narayanan2024-09-14 12:45:02

Dubai Considers Raising Salik IPO Size on High Demand

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Dubai may increase the size of its road-toll operator’s initial...

#eastnewsletter #IPOsize #demand #knowledge

MarketsBy Nicolas Parasie2024-09-05 12:50:11

Abu Dhabi’s Second-Largest Bank Plans $1 Billion Bad Debt Sale

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Abu Dhabi Commercial Bank PJSC is in talks to sell about $1 billion...

#eastnewsletter #baddebt #default

MarketsBy Shaji Mathew2024-08-24 10:24:00

UAE’s Burjeel Plans Saudi Expansion With $1 Billion Investment

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Burjeel Holdings, the United Arab Emirates-based healthcare provider...

#ipo #economy #eastnewsletter #investment #healthcareprovider

MarketsBy Grant Smith2024-08-24 15:20:29

OPEC Nations Line Up Behind Saudi Call to Act If Necessary

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. OPEC nations are circling the wagons after the group’s biggest...

#eastnewsletter #Opec #OilMarkets

MarketsBy Kadhim Ajrash2024-08-30 11:10:32

Clashes in Baghdad Yet to Hit Iraq’s Oil Production

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Violent clashes in Baghdad have yet to hit Iraq’s oil production,...

#OilProduction #violentclashes #eastnewsletter

MarketsBy Abeer Abu Omar2024-08-24 08:00:49

Saudi Arabia’s Oil Export Earnings Hit a Fresh High in June

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Saudi Arabia’s oil exports reached $31 billion in June, the highest...

#eastnewsletter #risingproduction #OilExports

MarketsBy Anthony Di Paola2024-09-06 12:38:57

Saudi Arabia Lowers Oil Prices for Asia as Regional Demand Cools

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Saudi Arabia cut oil prices for customers in Asia from record highs...

#economy #eastnewsletter #CoronavirusLockdowns

MarketsBy Grant Smith2024-09-01 12:02:21

OPEC-Watchers Expect Steady Output as Oil Outlook Tightens

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. OPEC+ is expected to keep output steady when it meets next week,...

#eastnewsletter #OilMarkets #output #rout

MarketsBy Abeer Abu Omar2024-09-07 07:07:13

Saudi Economic Growth Revised Higher as Boom Spreads Beyond Oil

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Saudi Arabia’s economy expanded faster than earlier estimated in the...

#economy #eastnewsletter #oil #upbeat

MarketsBy Nicolas Parasie2024-09-15 10:47:06

Oman’s OQ Picks BofA for $800 Million Gas Pipeline IPO

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Oman energy firm OQ SAOC has picked Bank of America Corp. and Bank...

#gas #energy #eastnewsletter

MarketsBy Dina Khrennikova2024-09-05 12:01:01

OPEC+ Agrees to Make Token Supply Cut to Steady Oil Market

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. OPEC+ agreed to make a token oil supply cut for October, seeking to...

#oil #eastnewsletter #economicbackdrop #rout

MarketsBy Grant Smith2024-09-05 15:05:04

Saudis Say OPEC+ Will Remain Proactive After Agreeing Output Cut

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. The first OPEC+ oil supply cut in more than a year shows the group...

#oil #yearshows #eastnewsletter

PoliticsBy Daniel Avis2024-09-05 13:00:00

Unintentional Israeli Fire Likely Killed Reporter, Israel Finds

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Palestinian-American journalist Shireen Abu Akleh was very likely...

#abuakleh #eastnewsletter #soldier

MarketsBy Paul Wallace2024-09-20 09:26:48

Saudi Aramco Says Global Oil Buffers May Vanish When Demand Recovers

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Saudi Aramco said a lack of investment in fossil fuels was to blame...

#investment #economy #SaudiAramco #eastnewsletter

PoliticsBy Ap2024-09-13 06:05:16

Mass Firing At UAE Newspaper Raises Question of Censorship

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Dubai, United Arab Emirates (AP) -- The story about high fuel prices...

#laws #eastnewsletter #fuelprices #arabemirates

TechnologyBy Monique Vanek2024-09-06 07:57:00

UAE Fintech Optasia Steps Up Global Expansion to Target Unbanked

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. United Arab Emirates-based Optasia plans to grow its...

#business #largermarket #eastnewsletter #fintech

PoliticsBy Baris Balci2024-09-17 08:48:18

Turkey Criticizes US Move to End Defense Trade Limit on Cyprus

Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Turkey criticized a US move to lift defense trade restrictions for...

#eastnewsletter #traderestrictions #fighterjets