DUBAI: Abu Dhabi National Oil Company (ADNOC) said it raised $1.64 billion by issuing exchangeable bonds and additional shares to investors in its listed retail unit ADNOC Distribution on Wednesday. It issued about $1.2 billion in senior unsecured bonds due in 2024, with a 0.7 percent annual coupon, exchangeable into existing common shares of ADNOC Distribution. Alongside the
Abdullah bin Amer Al-Swaha was appointed chairman of the board of directors of the Saudi Space Commission by royal decree on May 3. Al-Swaha said: “The support and empowerment that the space sector receives from the leadership will be of great support to continue the journey of pioneering and innovation for our beloved country.” He said that the creative minds of the sons and
(Bloomberg) GlobalFoundries is working with Morgan Stanley on an initial public offering that could value the chipmaker at about $30 billion, according to a person familiar with the matter.
The elections that took place in Syria on 26 May met none of the criteria of “a genuinely democratic vote”, the European Union’s High Representative, Josep Borrell, said on Thursday. The official said that the elections did not contribute to the settlement of the conflict that erupted after the Arab Spring in 2011. “Elections in Syria should take place only within the
(Bloomberg) Total SE and Chevron Corp. will suspend cash distribution by a joint venture that counts a Myanmar state-owned company as a shareholder.
The French energy giant was recently criticized in newspaper Le Monde for allowing Myanmar Oil and Gas Enterprise to benefit from the payments.