Halliburton and Exxon to buy a stake from West Qurna-1 oil field in Iraq
Halliburton resurfaced as a probable purchaser of the 32.7% stake in West Qurna-1, one of the ...
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Delivery Hero efforts to acquire Riyadh-based The Chefz failed for the second time in 2021
Delivery Hero is struggling in its efforts to extend its presence in the Middle East’s most ...
ACWA Power IPO raises USD 1.2 billion, shares surge by 30%
ACWA Power International increased its Initial Public Offering in Riyadh after accumulating over USD 1.2 billion ...
Gulf International Bank closes USD 625 million sustainability linked-loan
Gulf International Bank (Bahrain) has finalized USD 625 million worth of a sustainability-linked loan (SLL). This ...
Texas, USA: SABIC and ExxonMobil start commissioning a petrochemical complex on September 19th, 2021
Saudi Basic Industries Corporation (SABIC), majorly owned by Saudi Aramco, stated on September 19th, 2021 that ...
Middle East: Goldman Sachs hires workforce from rival banks, M&A activity surges to $125 billion
Goldman Sachs Group Inc. is hiring personnel from its rivals, HSBC Holding Plc and Citigroup Inc., ...
POWERCHINA will combat Iraq’s shortage of power supply by installing solar power plants of 2,000 MW capacity
The government of Iraq authenticated a deal with POWERCHINA, on 25 August 2021, to install solar ...
Venture Capital upscales as more ideas get a funding platform
Venture capital has exploded in the first half of 2021. CB Insights says it led to ...
Abu Dhabi’s ADIO $545mln Innovation Programme to support three tech firms
As part of the state-run Abu Dhabi Investment Office (ADIO) AED 2 billion ($545 million) Innovation ...
Bank Albilad intends to redeem Sukuk at over $267mln
The percentage of the redeemed outstanding SAR-denominated Regulatory Tier 2 Capital Sukuk will account for 53.05% ...
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