Company Insights Adnoc Oil & Gas Adnoc News Energy Abu Dhabi’s Adnoc Gas shares up 18% on debut Shares of Adnoc Gas rose 18 percent above its listings price, as the state-backed oil giant made its debut on the Abu Dhabi stock market on Monday. The energy firm’s shares traded at AED2.8 ($0.7625), versus its initial public offering (IPO) price of AED2.37, according to Reuters. Adnoc raised $2.5 billion from the listing of […] March 13, 2023 EXCLUSIVE Banking and Finance BNY Mellon reports 245% rise in net flows into GCC equities BNY Mellon clients’ net investments in GCC shares rocketed by 245 percent from 2019 through to the end of 2022, America’s oldest bank told AGBI. Over this three-year period, the bank’s clients have poured $1.2 billion into Gulf equities, “outpacing emerging developed markets and the Eurozone significantly”. The New York-headquartered bank did not supply yearly […] March 13, 2023 Opinion Energy Lessons for Europe from Biden, the Gulf and CERAWeek The President's $370bn renewable incentives were the talk of the energy conference in Houston March 10, 2023 Banking and Finance Al Ansari to float 10% stake on Dubai stock market Al Ansari Financial Services has revealed plans to float 10 percent of the company on the Dubai Financial Market. The exchange house is making 750 million shares available through the initial public offering, each valued at one fil, with the subscription period running from March 16 to 24. The listing is scheduled to go live […] March 9, 2023 EXCLUSIVE Energy Oracle Energy looks to the Gulf after Pakistan hydrogen project Oracle Energy – a joint venture between UK-listed Oracle Power and an investment vehicle of Dubai royal Sheikh Ahmed Dalmook Al Maktoum – is “open” to developing clean energy projects in the Gulf. With its debut green hydrogen plant planned in Pakistan, Oracle Energy co-founder Naheed Memon told AGBI: “Expanding in the Middle East is […] March 8, 2023 Economy UAE and Italy elevate trade status in bid to grow $7bn relationship The UAE and Italy have elevated relations to the level of a strategic partnership as the countries aim to build on growing trade figures seen last year. The announcement came after a meeting held on Saturday between President Sheikh Mohamed bin Zayed Al Nahyan and Italy’s Prime Minister Giorgia Meloni in Abu Dhabi during her […] March 7, 2023 Markets Abu Dhabi’s G42 to list big data analytics arm Analytics firm Presight, part of Abu Dhabi’s artificial intelligence outfit G42, has announced plans to float on the Abu Dhabi Securities Exchange. Ahead of the AED1.82 billion ($495.6 million) initial public offering, 1.36 billion new shares will be issued, representing 32 percent of the share capital of the company. Shares will be priced at AED1.34 […] March 6, 2023 Energy Adnoc Gas completes record-breaking $2.5bn ADX IPO Adnoc has raised $2.5 billion from the initial public offering of its gas business, recording the largest ever listing on the Abu Dhabi Securities Exchange. Five percent of the company, or around 3.84 billion shares, were sold at AED2.37 ($0.64) per share, in the upper half of a range that began at AED2.25, according to […] March 3, 2023 Opinion Markets Regional IPOs, the ‘cannibal’ factor and irrational exuberance The listing of Adnoc Gas for $50 billion reveals the strength of regional IPOs in the Gulf March 3, 2023 Energy French oil firm acquires stake in Abu Dhabi’s upstream assets French oil company TotalEnergies has acquired the upstream assets in the UAE of Spanish energy company Cepsa, it was announced on Wednesday. The deal covers the purchase of a 20 percent stake in the Satah Al Razboot (SARB), Umm Lulu, Bin Nasher and Al Bateel (SARB and Umm Lulu) offshore concession, which includes two major […] March 2, 2023 Posts navigation Previous 1 … 38 39 40 … 47 Next
Energy Abu Dhabi’s Adnoc Gas shares up 18% on debut Shares of Adnoc Gas rose 18 percent above its listings price, as the state-backed oil giant made its debut on the Abu Dhabi stock market on Monday. The energy firm’s shares traded at AED2.8 ($0.7625), versus its initial public offering (IPO) price of AED2.37, according to Reuters. Adnoc raised $2.5 billion from the listing of […] March 13, 2023
EXCLUSIVE Banking and Finance BNY Mellon reports 245% rise in net flows into GCC equities BNY Mellon clients’ net investments in GCC shares rocketed by 245 percent from 2019 through to the end of 2022, America’s oldest bank told AGBI. Over this three-year period, the bank’s clients have poured $1.2 billion into Gulf equities, “outpacing emerging developed markets and the Eurozone significantly”. The New York-headquartered bank did not supply yearly […] March 13, 2023
Opinion Energy Lessons for Europe from Biden, the Gulf and CERAWeek The President's $370bn renewable incentives were the talk of the energy conference in Houston March 10, 2023
Banking and Finance Al Ansari to float 10% stake on Dubai stock market Al Ansari Financial Services has revealed plans to float 10 percent of the company on the Dubai Financial Market. The exchange house is making 750 million shares available through the initial public offering, each valued at one fil, with the subscription period running from March 16 to 24. The listing is scheduled to go live […] March 9, 2023
EXCLUSIVE Energy Oracle Energy looks to the Gulf after Pakistan hydrogen project Oracle Energy – a joint venture between UK-listed Oracle Power and an investment vehicle of Dubai royal Sheikh Ahmed Dalmook Al Maktoum – is “open” to developing clean energy projects in the Gulf. With its debut green hydrogen plant planned in Pakistan, Oracle Energy co-founder Naheed Memon told AGBI: “Expanding in the Middle East is […] March 8, 2023
Economy UAE and Italy elevate trade status in bid to grow $7bn relationship The UAE and Italy have elevated relations to the level of a strategic partnership as the countries aim to build on growing trade figures seen last year. The announcement came after a meeting held on Saturday between President Sheikh Mohamed bin Zayed Al Nahyan and Italy’s Prime Minister Giorgia Meloni in Abu Dhabi during her […] March 7, 2023
Markets Abu Dhabi’s G42 to list big data analytics arm Analytics firm Presight, part of Abu Dhabi’s artificial intelligence outfit G42, has announced plans to float on the Abu Dhabi Securities Exchange. Ahead of the AED1.82 billion ($495.6 million) initial public offering, 1.36 billion new shares will be issued, representing 32 percent of the share capital of the company. Shares will be priced at AED1.34 […] March 6, 2023
Energy Adnoc Gas completes record-breaking $2.5bn ADX IPO Adnoc has raised $2.5 billion from the initial public offering of its gas business, recording the largest ever listing on the Abu Dhabi Securities Exchange. Five percent of the company, or around 3.84 billion shares, were sold at AED2.37 ($0.64) per share, in the upper half of a range that began at AED2.25, according to […] March 3, 2023
Opinion Markets Regional IPOs, the ‘cannibal’ factor and irrational exuberance The listing of Adnoc Gas for $50 billion reveals the strength of regional IPOs in the Gulf March 3, 2023
Energy French oil firm acquires stake in Abu Dhabi’s upstream assets French oil company TotalEnergies has acquired the upstream assets in the UAE of Spanish energy company Cepsa, it was announced on Wednesday. The deal covers the purchase of a 20 percent stake in the Satah Al Razboot (SARB), Umm Lulu, Bin Nasher and Al Bateel (SARB and Umm Lulu) offshore concession, which includes two major […] March 2, 2023
