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 PPF.
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Iran says no nuclear deal if deprived of ‘peaceful activities’
Iran stated it will not accept a nuclear agreement that limits its "peaceful activities," specifically uranium enrichment, and is urging the US to lift sanctions as part of the negotiations ongoing since April. Foreign Minister Abbas Araghchi emphasized Iran's commitment to its civil nuclear program, while the IAEA's Rafael Grossi called for increased transparency following reports of enhanced uranium enrichment. Amidst these tensions, Iran vowed to continue enriching uranium "with or without a deal," and...
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