Japan’s State Minister for Foreign Affairs met with Dr Sultan Al Jaber, CEO of Abu Dhabi National Oil Company (ADNOC), on June 6. The two ministers discussed climate change cooperation. Odawara also offered his condolences on the passing of Sheikh Khalifa bin Zayed Al Nahyan, the late President of the UAE. DUBAI: Odawara Kiyoshi, Japan’s … Read more
SANAA – Eleven people were killed in airstrikes on Yemen’s rebel-held capital, a witness and medical sources told AFP on Tuesday, as the Saudi-led coalition hit back after a deadly attack on Abu Dhabi that sent Gulf tensions soaring. Residents were combing the rubble for survivors after the strikes levelled two houses in Sanaa, hours … Read more
RIYADH: The Abu Dhabi Chemicals Derivatives Company, TA’ZIZ, has signed an agreement worth around 3 billion dirham ($800 million) to facilitate projects in the chemical industry with eight UAE-based investors, Arab News reported. The investors will take a stake of up to 20 percent in a portfolio of chemicals projects worth 15 billion dirhams alongside the Abu … Read more
ABU DHABI: Abu Dhabi National Oil Company (ADNOC) on Monday announced the successful completion of the book build and public subscription process for the Initial Public Offering (IPO) of ADNOC Drilling Company PJSC, according to Emirates News Agency WAM. It confirmed the previously announced increased offering size from 1,200,000,000 ordinary shares to 1,760,000,000 ordinary shares (Offer Shares), … Read more
DUBAI: The Abu Dhabi National Oil Company (Adnoc) has said its trading arm has closed a $1.2 billion credit facility with a group of seven local and international banks, Arab News reported. The loan will be used to finance Adnoc Global Trading’s flows and growth, the company said in a post on LinkedIn. The banks … Read more
DUBAI: Adnoc, the UAE’s largest fuel and convenience retailer, has signed project engineering agreements with eight contractors worth $1 billion. Adnoc, which will be included in FTSE Emerging Market Index from September 16, plans to raise output capacity to 5 million barrels/day by 2030. Around 50 per cent of the value is expected to flow … Read more
