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Commodities

ADNOC sets up international investment arm XRG

Manufacturing

28 November, 2024

ADNOC sets up international investment arm XRG

United Arab Emirates state oil group ADNOC on Wednesday announced the launch of XRG, an investment company focusing on lower-carbon ......

Saudi firm Manara in talks to buy stake in First Quantum's Zambian mines

Manufacturing

16 October, 2024

Saudi firm Manara in talks to buy stake in First Quantum's Zambian mines

Saudi Arabia's Manara Minerals is closing in on a deal to buy a minority stake in Canadian miner First Quantum ......

ADNOC to acquire German chemicals company Covestro for $16 bn

Manufacturing

01 October, 2024

ADNOC to acquire German chemicals company Covestro for $16 bn

Abu Dhabi's ADNOC has struck a deal to buy German chemicals maker Covestro for 14.7 billion euros ($16.3 billion), including debt, ......

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Bottomline: PE-owned Halonix's sales sputter but profit jumps; eyes new growth areas

Consumer

01 October, 2024

Bottomline: PE-owned Halonix's sales sputter but profit jumps; eyes new growth areas

Halonix Technologies Pvt. Ltd, a lighting products maker controlled by private equity firm TPG NewQuest, recorded a decline in its ......

Aramco to up stake in EIG's MidOcean to 49%, fund new stake in Peru LNG

Manufacturing

17 September, 2024

Aramco to up stake in EIG's MidOcean to 49%, fund new stake in Peru LNG

Saudi Aramco will increase its stake in liquefied natural gas firm MidOcean Energy to 49% and fund its acquisition of ......

Saudi mining company Ma'aden to buy Alcoa's stake in joint venture for $1.1 bn

Manufacturing

16 September, 2024

Saudi mining company Ma'aden to buy Alcoa's stake in joint venture for $1.1 bn

U.S. aluminium maker Alcoa said on Sunday that it would sell a 25.1% stake in its Ma'aden joint venture to Saudi Arabian ......

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Fairfax acquires majority stake in India aluminium products maker

Manufacturing

09 September, 2024

Fairfax acquires majority stake in India aluminium products maker

Indian-born Canadian billionaire Prem Watsa-owned Fairfax India has picked up a controlling stake in an aluminium products manufacturer based in ......

Abu Dhabi's ADNOC to buy minority stake in ExxonMobil's Texas project

Manufacturing

04 September, 2024

Abu Dhabi's ADNOC to buy minority stake in ExxonMobil's Texas project

Abu Dhabi National Oil Company (ADNOC) will acquire a 35% equity stake in ExxonMobil Corp's proposed low-carbon hydrogen project in ......

TotalEnergies to form new $444 mn JV with Adani Green

Manufacturing

03 September, 2024

TotalEnergies to form new $444 mn JV with Adani Green

TotalEnergies will form a new joint venture with India's Adani Green Energy Limited in a deal that will see the ......

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Advent eyes benchmark returns from second portfolio exit in 2024

Manufacturing

21 August, 2024

Advent eyes benchmark returns from second portfolio exit in 2024

Global private equity firm Advent International, which has been active in India this year having struck an exit from Bharat ......