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FILTERED RESULTS
Oman’s GDP rises in line with surging oil prices
Rising Costs Lead to Increased Streaming Cancellations in the U.S.
Why is HP stock sliding today?
Why is Alkermes stock surging today?
Brazil economists cut 2026 interest rate forecast to 13.50%
Brazil economists cut end-2026 interest rate forecast to 13.50%
Novo Nordisk (NVO) Stock Plunges 9% Following 2030 Strategic Vision Reveal
Wheat, Corn Rise With China Talks and Black Sea Risks in Focus
NSE’s $2.4 Billion India IPO Subscribed 5.7 Times as Books Close
New Era Energy (NUAI) Stock Surges 16% After Securing Major Vistra Power Contract
Bessent and China Hail Progress on A.I. Talks. Now Comes the Hard Part.
Germany's Economy Ministry Continues to Finalize Fuel Price Cap Details
UBS expects silver to benefit from gold’s supportive backdrop
Factbox-Tech leaders, governments split over ’AI doom’ fears
HP shares slide as tech giant forecasts 2027 PC market slump
Kremlin Responds to Far-Right Party Victory in German Elections
Fed’s Goolsbee Says Path to 2% ‘Unlikely to Be Painless’
Saudi wealth fund presses LIV Golf’s saviour to prove its commitment to tour
Evercore lifts Ciena rating on AI-driven optical networking boom
UK mortgages out of sync with BoE policy
Kremlin Responds to Trump's Sanctions Bill, Citing Deterioration of US-Russia Relations
Premarket movers: crypto, AI stocks rise, Greenland plays soar
Why is Coinbase stock surging today?
Federal Reserve Official Signals Potential Rate Cuts If Inflation Declines
Kremlin Engages Trade Partners Opposed to US Sanctions
Morgan Stanley: Tesla (TSLA) and SpaceX Partnership Signals Physical AI Revolution
US LNG Producers Eye Bonanza If Trump and Xi Can Ease Tariffs
Oil, Energy Common Denominator to Market Risks: Citi
Kremlin Rejects Allegations of Threat to Europe
Novo says CagriSema tops Lilly rival in diabetes patients for weight loss
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Societe Generale (GLE) Stock Surges on Ambitious €21B Investor Payout Strategy
European Central Bank Launches Pontes for Tokenised Asset Transactions
Solana Sees Significant Gains Amid Positive Regulatory Developments
U.S. Diesel Prices Reach All-Time High of $6.51 per Gallon
Kremlin Reports Supply Issues in Oleshky, Kherson Region of Ukraine
Wealth Effect Maintaining Growth: McCormick
ARK Invest Reduces Palantir (PLTR) and AMD (AMD) Stakes While Loading Up on Archer Aviation (ACHR)
SoftBank Taps Debt Markets With $11B Bond Offering for OpenAI Stake
Gold declines amid firmer dollar, bets on more Fed rate hike
Houthis push for control of Yemen highlands as Trump reported to have called off airstrikes
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Air taxi maker Vertical taps former Airbus executive Fabrice Bregier as chair
Meta (META) Stock Climbs 3% as Muse AI Overshadows Weekend Service Disruptions
Turkey Freezes Fund Executives’ Assets in Redemption Crisis
Foreign Cash Pours In as Chile Fiscal Stance Reassures Investors
Jefferies Projects S&P 500 Could Hit 9,000 by End of 2027 Driven by AI Boom
Why is Riot Platforms stock rallying today?
Nissan Plans to Expand U.S. Production with New Hybrid Model Launch
EU Commission to Propose Windfall Profit Tax
UAE’s logistics corridors cut reliance on Hormuz
Trump-Xi Summit Prep Gathers Pace as Officials Make Headway on AI, Trade
Trump and Xi summit in Washington
Dimon Heads to India as Wall Street Steps Up Fight for Deal Boom
Société Générale Plans 30% Reduction in IT Costs by 2029
Four-fifths of central banks review strategic asset allocation annually
Poland fines Neuca $131 million for drug pricing cartel
Goldman backs Alm. Brand on margin gains and share buybacks
CNN Removed From White House TV Press Pool After Trump Ban
Novo Disappoints Investors Seeking More Robust Sales Targets
Dubai, Abu Dhabi Property Firms Eye $12 Billion Maldives Project
News outlets to sue Trump administration over White House ban
Fed Official Goolsbee Highlights Persistent Inflation Concerns Amid Strong Demand
Pakistan, Afghanistan Trade Claims Over Border Strikes
Kastle Raises $24 Million to Help Lenders Adopt Agentic AI
The Morning Risk Report: Polymarket’s Rush to Grow Left a Door Wide Open for Fraudsters
Germany to Implement Fuel Price Relief Starting October 1
German Labor Minister Calls for Reevaluation of Reform Plans
Morning Bid: Summiteering
Adnoc Distribution plans 400 new petrol stations in Egypt
Abu Dhabi-based Adnoc Distribution plans to invest in building hundreds of petrol stations in Egypt, according to a media report.
At least $1 billion would be invested, adding 400 petrol stations.
The petroleum products distributor, listed on the Abu Dhabi bourse, already owns nearly 250 petrol pumps in the third-largest Arab economy, following its 2023 acquisition of TotalEnergies Marketing Egypt.
Quoting an unnamed Egyptian government official, Saudi Asharq Business news reported on Monday that the new investment plan includes building 200 stations in each of two phases.
“Adnoc Distribution is exploring several project models, including establishing stations independently for the first time in Egypt, or entering into partnerships with the Egyptian General Petroleum Corporation (EGPC) to build new stations or develop existing sites.”
It may also implement some projects on a leasing basis, it said.
“The company also intends to invest around $50 million to expand its aircraft refuelling business at Sphinx and Hurghada International Airports, under an agreement with the EGPC,” the report added.
Adnoc Distribution did not respond to a request for comment on the report.
Last month, its board of directors announced a second-quarter dividend after revenue rose year on year as a result of higher fuel volumes and network expansion.
The company said in a statement on the Abu Dhabi bourse that the dividend of $175 million, or 5.14 fils per share, will be paid this month.
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Source: AGBI