Global LNG demand to rise more than 50 percent by 2040: Shell
"Demand for natural gas has already peaked in some regions but continues to rise globally, with LNG demand expected to...Business
Americana IPO: UAE retail offer doubled
Saudi retail tranche remains unchanged at 10 percent.The company plans to plans to sell a 30 percent stake in the IPO remains unchanged. It will list both on ADX and Saudi Arabia’s Tadawaul likely on or around Dec.6.
The company is selling more than 2.52 billion of its existing shares in the IPO, which expected to run until 21 Nov. for retail investors in the UAE and Saudi Arabia.
World stocks rally but oil prices tumble
Global main stock markets rallied as investors fished for bargain shares and shrugged off losses elsewhere, but oil prices fell...Asian equities experienced mixed fortunes Friday as cautious investors tried to gauge the outlook for Federal Reserve monetary policy.
The week has been broadly positive for global equities following softer-than-expected US consumer and wholesale price figures.
Second Russian fertilizer shipment should be for W. Africa, says UN
After a first shipment of Russian fertilizer blocked in European ports heads for Malawi next week, a second batch should...The first shipment of 20,000 metric tonnes of nitrogen phosphorus potassium is currently being loaded onto a vessel chartered by the UNWFP.
There were around 300,000 tonnes of Russian fertilizer blocked in different European ports.
AD Ports acquires Noatum
The ports operator paid $680 million for the deal.AD Ports said that Noatum has a presence in 26 countries and LTM revenue and EBITDA of AED6.91 billion and AED555 million, respectively.
The acquisition will be fully funded through a new acquisition loan, AD Ports said. Subject to regulatory approvals, the transaction is expected to close in H1 2023.
ADFD takes part in foreign investors meet in Uzbekistan
ABU DHABI, UAE - Abu Dhabi Fund for Development (ADFD) participated in the first plenary session of the Council of...The discussions focused on fostering economic development in Uzbekistan by facilitating investment in various fields.
Many development institutions and international financial organizations participated in the conference.
EGA, ITOCHU sign agreement
They would set up UAE's largest aluminum recycling facility.EGA's relationship with ITOCHU stretches back to the 1980s, with the Japanese company marketing the UAE company's metal in Japan.
The two companies will work in the development of new aluminum alloys with third parties for niche applications.
Private school operator Taaleem’s IPO oversubscribed 18 times
Dubai, UAE---United Arab Emirates private school operator Taaleem Friday said it has set the price of its Initial Public Offering...Taaleem Friday said it has set the price of its Initial Public Offering (IPO) at AED3 per share ($0.8168).
Raising AED750 million, the IPO drew total gross demand of more than AED13.7 billion.
UAE Minister discusses economic ties with Caribbean countries
ABU DHABI, UAE - UAE Minister of Economy Abdullah bin Touq Al Marri visited the Havana International Fair 2022 in...The visit was aimed at exploring opportunities for cooperation and establishing new economic partnerships between the UAE and Caribbean region.
The UAE minister met several ministers from the Caribbean nations to discuss mechanisms to enhance economic and trade cooperation.
‘Sweden confirms Nord Stream pipeline sabotage’
Swedish officials confirmed the September blasts which destroyed sections of the Nord Stream pipelines carrying natural gas from Russia to...Technical analyzes were continuing in order to "draw more reliable conclusions regarding the incident."
Sweden's Prosecution Authority said that the investigation will show if anyone can be formally suspected of a crime.
There won’t be another World Cup like Qatar 2022
Few countries could have afforded the $200 billion-plus bill that the tiny but super-wealthy emirate has paid for its spectacular...The World Cup has become such an expensive and controversial behemoth that FIFA may struggle to find a single country ready to shoulder the task of hosting.
The tournament is expanding to 48 teams when the circus moves to the United States, Canada and Mexico in 2026.
