Non-UAE nationals (whether individual or legal entities) are entitled to own shares in the company up…
News
Abu Dhabi Pension Fund to Invest in ADNOC’s Real Estate Assets
United Arab Emirates is getting a $900m investment in its property business from a state pension…
Kuwait Taps Wealth Fund
Kuwait has transferred the last of its performing assets to the country’s sovereign wealth fund in…
Abu Dhabi Securities Exchange (ADX) to Reduce Trading Activity Fees
Abu Dhabi Securities Exchange (ADX) has said that it will reduce overall trading activity fees on…
Oi Asset Sale Finalized
Sale of Oi’s assets is almost complete, with final purchase agreements now signed by the Brazilian…
SPIC Brasil Acquires LNG-to-Power Projects from Siemens, BP and Brazilian Company Prumo
The company has closed its agreement to acquire the stake in the GNA I and GNA…
U.S. Oil Production on Course
U.S. oil production will surpass in 2023 its previous annual average of 12.25 million barrels per…
Industrial Production Down in Brazil
Brazil’s industrial output plunged by 4.5% last year as the coronavirus pandemic battered Latin America’s largest…
Hess Exploration Betting Strongly on its Guyana Operations
Hess Exploration company is betting strongly in the opportunities of its Guyana operations. With a 30%…
Investcorp Acquires Real Estate Investment in Germany
Investcorp has announced it has completed the acquisition of Airport Centre, a multi-let office and light…