Adnoc signs framework agreement with China’s Rongsheng Petrochemical

Abu Dhabi: Adnoc on Tuesday announced that it signed a broad framework agreement with China’s Rongsheng Petrochemical to explore domestic and international growth opportunities which will support the delivery of its 2030 smart growth strategy. The agreement will see both companies explore opportunities in the sale of refined products from Adnoc to Rongsheng, downstream investment […]

Saudi Aramco IPO explained: Who can buy and how, prices and more

Dubai: When news broke that the world’s most profitable company in the world would be listed, there was a global murmur of interest. Saudi Arabia’s state oil giant Aramco is all set to start the offer period on November 17 and close on December 4. The company will price its shares on December 5, with trading […]

Aldar Properties reports Dh1.6 billion revenue during Q3

Abu Dhabi: Aldar Properties on Tuesday announced its third quarter results, reporting revenue of Dh1.6 billion during the three-month period, an increase of seven per cent compared to last year. The company’s revenue in the first nine months of the year was also up 12 per cent compared to last year, with the group announcing […]