Adnoc Launches Global LNG Trading Platform in Abu Dhabi
Prime Highlights Adnoc launched a unified global LNG marketing and trading platform at Abu Dhabi Global Market. The company aims to achieve 47 million tonnes
Arab Investors Hold 30 Percent Stake in Amman-Listed Companies as Foreign Ownership Hits 46 Percent
Prime Highlights Arab investors own 30 percent of Amman Stock Exchange listed companies, leading total foreign ownership to 46 percent. The industrial sector records the
Franklin Templeton Expands Middle East Presence with Qatar Office
Prime Highlights Franklin Templeton has established a new Qatar entity and will open an office at the Qatar Financial Centre. Salah Shamma has been appointed
Qatar Attracts $3.4 Billion In FDI, Creates 15,000 Jobs
Prime Highlights Qatar attracted $3.4 billion in FDI capex across 373 projects, creating 15,051 new jobs, with new projects rising 52% year-on-year. Invest Qatar launched
Saudi Arabia to Privatize Four Water Sector Activities to Boost Investment
Prime Highlights Saudi Arabia plans to expand privatization across water production, treatment, transportation and storage activities, said Environment Minister Abdulrahman Al-Fadhli. The Kingdom has invested
WEG to host webinar on medium voltage drive systems for industry
Prime Highlights WEG will host a free webinar on medium voltage variable speed drive systems to help industries improve energy efficiency. The session will explain
Qatar’s Constellation Hotels Acquires Berlusconi’s Villa Certosa for $395 Million
Prime Highlights Berlusconi’s heirs have sold Villa Certosa in Sardinia to Qatar-owned Constellation Hotels Holding for approximately $395 million (€350 million). The acquisition ranks among
Saipem Agrees $285 Million Sale of Saudi Drilling Business to ADES
Prime Highlights Saipem will sell its Saudi Arabian shallow-water drilling subsidiary to ADES Holding for $285 million. The deal supports Saipem’s strategy to focus on
AD Ports Group Increases Stake in Global Feeder Shipping to 81%
Prime Highlights AD Ports Group acquired an additional 30% stake in Global Feeder Shipping for AED1.1 billion, increasing its ownership to 81%. The move gives