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Multiply Group, a technology-focused holding company based in Abu Dhabi, will be a cornerstone investor in the Borouge Initial Public Offering (IPO) and purchase shares worth AED183.75 million ($50 million).
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
Abu Dhabi-headquartered petrochemicals firm Borouge said on Monday it secured seven cornerstone investors, including India’s wealthy Adani family for its
ADNOC JV Borouge ropes in high-profile 'cornerstone' investors, including India's Adani
RIYADH: Oil prices gained on Monday with US fuel demand, tight supply and a slightly weaker US dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fueled worries about a sharp slowdown in growth. Brent crude futures rose 72 cents to $113.27 a barrel at 0408 GMT, while US West Texas Intermediate crude futures climbed 53 cents, or 0.48