By Hadeel Al Sayegh DUBAI (Reuters) – Abu Dhabi National Oil company (ADNOC) has engaged Goldman Sachs to work on consolidation of its gas operations for a planned stock market flotation next ye[...]
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Middle East
U.S. crude turns positive, Brent pares losses on OPEC+ cut rumors
By Nia Williams (Reuters) – Global oil benchmarks pulled back from their lowest levels in nearly a year on Monday, with U.S. crude ending positive, bolstered by talk of an OPEC+ production cut t[...]
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Yahoo to buy minority stake in Taboola in digital ad push
(Reuters) – Yahoo Inc will buy nearly 25% of Taboola.com Ltd and become its largest shareholder in a deal allowing the online advertising company to exhibit paid content on the web portal’[...]
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Rare China protests roil global commodities markets
By Noah Browning, Pratima Desai and Michael Hogan LONDON (Reuters) – Global commodities markets were hit on Monday by worries over rare demonstrations in China against COVID-19 curbs, with oil a[...]
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Oil prices fall 2% as Chinese demand worries linger
By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell 2% on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil[...]
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Colombia attorney general investigating failed public offer for Nutresa shares
BOGOTA (Reuters) – Colombia’s attorney general opened an investigation into a failed public offer for shares of the country’s largest food processor Nutresa, the attorney general[...]
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UAE’s deal-hungry IHC plans health and IT business IPOs
By Yousef Saba and Rachna Uppal ABU DHABI (Reuters) -International Holding Company plans to sell 20% of its technology unit in an initial public offering next year, its CEO told Reuters, adding that t[...]
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Oil muted as price cap proposal eases supply concerns
By Nia Williams (Reuters) -Benchmark Brent oil edged lower on Thursday while West Texas Intermediate (WTI) crude held steady, hovering in sight of two-month lows as the level of a proposed G7 cap on t[...]
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Credit Suisse offers 889 million shares to existing investors in $4 billion capital hike
ZURICH (Reuters) -Credit Suisse has made 889 million new shares available to existing investors at 2.52 Swiss francs ($2.67) per share, the bank said on Thursday, confirming the final terms of its 4 b[...]
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