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- QSE index closes lower
- Hamad Port handles 133,112 TEUs container volumes, RORO sees 48% increase in June
- Bahrain All Share Index marks 1,946.83 points
- Youth-led businesses in Saudi Arabia account for over a third of all commercial registrations
- Oman Cables accelerates sustainable growth by obtaining EPD certifications
- Emirates NBD closes $1bn finance deal for Dubai Metro Blue Line project
- Gulf Countries Committed to Completing GCC Railway Project for Development & Prosperity
- US rate uncertainty concerns QSE as index eases; yet M-cap adds QR2.83bn
- Bahrain, US firms sign $17bn in deals to deepen economic ties, news agency BNA says
- Closing Bell: Saudi main index closes in red at 11,038
17/07/2025 01:44 AST
Adnoc announced on Wednesday its intention to transfer its 24.9 per cent shareholding in OMV AG to XRG, its wholly-owned international investment company.
This transfer, which is subject to regulatory approvals, is aligned with Adnoc's strategy to consolidate its international growth investments under XRG.
Adnoc is also progressing with preparation for the proposed establishment of Borouge Group International, which is set to be a top-four global polyolefins producer. Adnoc's proposed 46.94 per cent shareholding in the new entity is expected to be held by XRG upon completion of the transaction, subject to regulatory approvals.
Adnoc said it remains committed to its longstanding partnership with OMV through XRG and reaffirms its support for the company's continued growth and success.
Khaleej Times
04/06/2025
Adnoc Gas will be the largest addition to the Index by market capitalisation and joins Adnoc Distribution and Adnoc Drilling which were added to the benchmark in 2021 and 2024, respectively.
Trade Arabia
22/05/2025
Abu Dhabi National Oil Company (ADNOC) has announced that it has signed framework agreements worth AED6 billion ($1.64 billion) with 12 UAE-based firms for making of critical industrial equipment in
Trade Arabia
19/05/2025
The US has pledged up to $60 billion in investments for UAE energy projects, reinforcing a strategic partnership announced during the UAE-US business dialogue with President Donald Trump.
Khaleej Times
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| SAUDIARAMCO | 24.42 | -0.18 (-0.74 |
| ABAR | 169.00 | 1.00 (0.59 |
| ADNOCDRILL | 5.71 | 0.01 (0.17 |
| BAHRI | 23.79 | -0.06 (-0.26 |
| ADES | 12.98 | -0.26 (-1.97 |
17/07/2025
In a strategic move that sets a regional benchmark, Oman Cables Industry (OCI), has secured Environmental Product Declarations (EPDs) for its key cable families reinforcing its position as a regional
Times of Oman
17/07/2025
Emirates NBD has concluded AED3.9 billion ($1.06 billion) Syndicated Bonding Facilities to a consortium created by MAPA, LIMAK and CRRC that will deliver the new Dubai Metro 'Blue Line' Project.
Trade Arabia
16/07/2025
In line with its commitment to enabling strategic partnerships that support sustainable business growth, Sohar International has signed a consolidated loan agreement with Liva Group, a leading multi
Muscat Daily
16/07/2025
Reflecting its commitment to enriching the banking experience of its customers by providing exclusive offers and special rewards, National Bank of Kuwait announced the joining of Abyat, a leading com
Kuwait Times
16/07/2025
Aamal Company has entered into an agreement with Al Jazi Real Estate to purchase the Golden (Aamal) Tower located in Onaiza, for a total price of QR478.4mn.
The purchase price was determined
Gulf Times
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