December 5, 2023
Business Energy

UAE oil firm ADNOC gets US$900m investment in property unit

The biggest oil producer in the United Arab Emirates is getting a US$900m investment in its property business from a state pension fund.

Abu Dhabi Pension Fund is investing in some of Abu Dhabi National Oil Co. (ADNOC)’s real estate assets, according to a statement from the government-owned energy company.

ADNOC, which pumps most of the oil in the UAE, will…

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