Adani’s crucial share sale 85% subscribed as institutions pump in funds
Indian billionaire Gautam Adani’s $2.5 billion share sale inched closer to full subscription on Tuesday as investors pumped in funds after a tumultuous week for his group in which its stocks were pummeled by a scathing short-seller report.
Saudi wealth fund, BlackRock to jointly explore Mideast infrastructure projects
Saudi Arabia’s sovereign wealth fund and BlackRock have signed an agreement to jointly explore infrastructure projects in the Middle East, focused on Saudi Arabia.
Disney+ takes on rivals in Middle East streaming market
Disney+ (DIS.N) launched its steaming service in the Middle East and North Africa on Wednesday, vying for market share in a region where the population is young but few people so far use such services.
UAE, Saudi say OPEC+ should not play politics
The energy ministers of Saudia Arabia and the United Arab Emirates, key members of OPEC+, said on Tuesday the producers’ group should not engage in politics as pressure mounted on them to take action against Russia over its invasion of Ukraine.
Oil highest since 2014 as Turkey outage adds to tight supply outlook
Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates.
Analysis: Risk of catching Omicron abroad delays airline recovery
Before the Omicron variant of coronavirus burst onto the scene in November, retired Australian Glenn Turnley was looking forward to a three-week trip to Japan, Britain and France in March – his first overseas jaunt since the pandemic began.
EXCLUSIVE UAE holds talks with Taliban to run Kabul airport – foreign diplomats
The United Arab Emirates has held talks with the Taliban to run Kabul airport, going up against Gulf rival Qatar in a diplomatic tussle for influence with Afghanistan’s new rulers, according to four sources with knowledge of the matter.
EXCLUSIVE Abu Dhabi’s ADNOC weighs IPO of logistics and services unit next year- sources
State oil firm Abu Dhabi National Oil Company (ADNOC) is weighing an initial public offering (IPO) of its marine services, logistics and shipping arm next year, two sources familiar with the matter told Reuters.
Dubai Expo in focus as UAE racks up $700 mln of trade with Israel since normalisation
Israel and the United Arab Emirates, which normalised relations a year ago, are looking to Dubai’s Expo world fair in October to boost bilateral trade, which now stands at around $712 million.
Wizz Air sees summer capacity close to pre-pandemic levels
Wizz Air (WIZZ.L) expects capacity to ramp up to between 90% and 100% of pre-pandemic levels in July and August as summer demand for European travel grows, and this could get an extra boost from further easing of UK restrictions.
