Energy
Are Green Bonds The Future For The Gulf Or Just A Gimmick?
Middle East Business News - Published date: .
Analysts ponder the rise of green bonds in a region known for oil wells, tankers and sprawling natural-gas plants Read more
Banks Reduce Exposure To Dubai-based Oil Trader
Middle East Business News - Published date: .
BNP Paribas, Natixis and Middle Eastern lenders including Emirates NBD, Emirates Islamic Bank and National Bank of Fujai... Read more
Chinese Oil Giant CNPC Eyes BP's $1.5bn Stake In Oman Gas Field
Middle East Business News - Published date: .
State-owned CNPC in advanced discussions with BP for 10% stake in Khazzan natural gas field Read more
UAE Energy Trader To Restructure Finances Following Oil's Crash
Middle East Business News - Published date: .
GP Global said it has been 'targeted by vested interests' spreading rumours about its financial standing Read more
Saudi's ACWA Power Plans $1bn Bond Sale
Middle East Business News - Published date: .
Company in talks with local banks about potential deal that would be denominated in Saudi riyals Read more
Saudi Wealth Fund Builds $200m Stake In Norway's State Oil Company
Middle East Business News - Published date: .
Equinor shares slumped just over 30 percent this year before rising 18 percent last week Read more
Abu Dhabi Said To Invest Up To $1.5bn In Saudi Aramco IPO
Middle East Business News - Published date: .
Sources say the emirate is seeking to make the investment through one or more state-linked entities Read more
Saudi Aramco's Lavish Dividends Seen Stretching Finances In Oil Slump
Middle East Business News - Published date: .
To lure investors, Aramco has promised a bumper dividend payment of at least $75bn a year Read more
$1.4trn: How Far Apart Banks Are On Aramco IPO Valuation
Middle East Business News - Published date: .
Among 16 banks that offered an Aramco valuation, the range in estimates ran from $1.1trn at the bottom right up to $2.5t... Read more
Gulf Wealth Funds To Consider Investing In Saudi Aramco IPO
Middle East Business News - Published date: .
Sovereign wealth funds in Kuwait and Bahrain mull move to invest in Saudi energy giant Read more
Financial Close Reached For Giant $870m UAE Desalination Plant
Middle East Business News - Published date: .
New plant will be located at the Taweelah power and water desalination complex in Abu Dhabi, with completion expected in... Read more
Carlyle Group Concludes Deal To Buy Cepsa Stake From UAE's Mubadala
Middle East Business News - Published date: .
Funds affiliated with Carlyle have acquired a 37% shareholding while Mubadala will remain the majority shareholder Read more
Saudi Aramco Said To Pay Up To $450m To IPO Advisors
Middle East Business News - Published date: .
Sources say Saudi energy giant will pay between $350-450m to group of more than 20 banks advising on IPO Read more
Singapore's Temasek To Rule Out Investment In Aramco IPO
Middle East Business News - Published date: .
Temasek's focus on sustainability and environmental, social and governance principles made it more difficult to support ... Read more
Saudi Aramco To Peel Back Financial Veil With August Earnings Call
Middle East Business News - Published date: .
State oil giant Aramco is preparing to host its first earnings call in August to discuss half-yearly results Read more
Developers Secure $1bn Financing For Sharjah Power Project
Middle East Business News - Published date: .
Financing has been secured for the 1.8 gigawatt Hamriyah Independent Power Company in Sharjah Read more
Abu Dhabi Said To Weigh Multi-billion Dollar Gas Pipeline Deal
Middle East Business News - Published date: .
Adnoc is speaking to financial advisers about bringing in international investors for the pipelines, which could help ra... Read more
Saudi Aramco Unit Inks $1.25bn Deal For Hyundai Oilbank Stake
Middle East Business News - Published date: .
Saudi Aramco says that a subsidiary will buy a 17% stake in South Korea's Hyundai Oilbank Read more
Saudi Aramco's $12bn Bond Deal Fizzles As Sell-off Continues
Middle East Business News - Published date: .
Offering sinks for a second straight day, marking a quick sell-off that calls into question the depth of the deal's $100... Read more
Investors Turn Lukewarm On Saudi Aramco After Bond Debut
Middle East Business News - Published date: .
Enthusiasm over one of the most oversubscribed debt deals ever is running out of steam in the first full day of trading Read more