UAE President and UK Prime Minister met on the sidelines of the G7 Summit to discuss bilateral relations and regional issues. The leaders expressed their commitment to strengthening ties between the two countries and working together to promote peace and stability in the region. The meeting highlighted the importance of cooperation and collaboration between the UAE and the UK on various global challenges.
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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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