Algerians started voting in a presidential election where President Abdelmadjid Tebboune is expected to win a second term. The incumbent faces challengers Abdelaali Hassani and Youcef Aouchiche, but is heavily favored to win. The streets in Algiers were quiet in the morning, with most voters expected to cast their ballots later in the day.
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EU regulators to decide on ADNOC’s Covestro deal by May 12: Report
EU antitrust regulators will decide by May 12 on whether to approve Abu Dhabi state oil giant ADNOC's $17.2bn takeover of German chemicals company Covestro, as part of efforts to reduce oil dependency. The European Commission can clear the deal with or without conditions or open a four-month investigation, potentially under the Foreign Subsidies Regulation. ADNOC's bid for Covestro awaits confirmation, following a similar case involving UAE telecoms group e&’s acquisition of Czech telecoms company...
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