ABU DHABI Archives

ADNOC to acquire 30% of Absheron gas field

The UAE oil giant Abu Dhabi National Oil Company (ADNOC) announced that it will acquire a 30% stake in Azerbaijan’s Absheron gas field. The Absheron gas and condensate field is located in the Caspian Sea. TotalEnergies and its partner...

by WAYA Staff - Aug 6, 2023

Environment

UAE-based Zero Carbon Ventures raises $5m seed investment

The UAE-based Zero Carbon Ventures announced it raised $5 million in seed funding from Emirati businessman and Dubai ruling family member Sheikh...

by WAYA Staff - Sep 21, 2023

Money

Saudi Egyptian Investment increases ownership in e-finance

The Saudi Egyptian Investment Company announced it increased its stake in e-finance for Digital and Financial Investments to 25.01%, according to the Egyptian...

by WAYA Staff - Sep 21, 2023

Markets

OPEC Fund supports Egypt’s food security with $10m

The OPEC Fund for International Development announced it provided Egypt with US$10 million under a $200 million syndicated trade finance facility with the...

by WAYA Staff - Sep 21, 2023

Uncategorized

Fuze secures $14m seed round led by Further Ventures

The UAE-based digital assets infrastructure provider Fuze announced it secured a $14 million Seed round, led by Abu Dhabi-based Further Ventures, with participation from US-based...

by WAYA Staff - Sep 20, 2023

Money

Oman’s OQ Gas Networks decides on offer price range for IPO

Oman’s OQ Gas Networks (OQGN) announced it set the offer price range for its initial public offering (IPO), up to 49 percent of...

by WAYA Staff - Sep 19, 2023

Markets

Suez Canal Economic Zone’s revenues exceed $194m for 1st time

The Suez Canal Economic Zone (SCZONE) revenues increased on a year-on-year (YoY) basis by 78% at 6.06 billion EGP ($194m) in fiscal year (FY) 2022/2023, compared to 3.49...

by WAYA Staff - Sep 18, 2023

Uncategorized

Saudi Aramco agrees to buy Chile’s Esmax

The Saudi Arabian oil giant Aramco announced it agreed to buy 100 %of Chile’s Esmax Distribución SpA (Esmax) from Southern Cross Group, according to a company...

by WAYA Staff - Sep 18, 2023

Real Estate

Egypt extends land allocation mechanism for foreign investors for 6 months

Egypt’s NUCA announced it will extend the mechanism for allocating new land for foreigners in new cities for six months. The...

by WAYA Staff - Sep 18, 2023

Money

Saudi Arabia to raise $11b from syndicated loan to fund its investment plan

Saudi Arabia plans to raise $11 billion from a syndicated loan as the Gulf country seeks to achieve Vision 2030 and finance its investment...

by WAYA Staff - Sep 17, 2023

Money

British Actis to buy Egypt’s Gabal El-Zeit wind farm for $350m

Egypt has reached a preliminary agreement with British direct investment company Actis to sell the Gabal El-Zeit wind farm for US$350 million. The country had...

by WAYA Staff - Sep 14, 2023

ABU DHABI

ADNOC to acquire 30% of Absheron gas field

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