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    GAF Property shapes a new residential experience with key Reem island project Construction & Real Estate

    GAF Property shapes a new residential experience with key Reem island project

    Global engineering consultancy AESG opens new Dubai headquarters Construction & Real Estate

    Global engineering consultancy AESG opens new Dubai headquarters

    Omoda and Jaecoo brings AI driverless parking solutions to UAE Construction & Real Estate

    Omoda and Jaecoo brings AI driverless parking solutions to UAE

    Saudi Arabia to launch new project to cool Riyadh's streets, buildings Construction & Real Estate

    Saudi Arabia to launch new project to cool Riyadh's streets, buildings

    Sungrow commissions 1.4 MWp solar plant to power Egypt’s desert oil facility Construction & Real Estate

    Sungrow commissions 1.4 MWp solar plant to power Egypt’s desert oil facility

    Oman unveils $31m hospitality projects in Al Hamra, Mirbat Construction & Real Estate

    Oman unveils $31m hospitality projects in Al Hamra, Mirbat

    Strohm wins first Egypt contract for deepwater TCP flowline Oil, Gas, Petrochemicals & Renewables

    Strohm wins first Egypt contract for deepwater TCP flowline

    ATPI Energy secures over $50m in new travel contracts Oil, Gas, Petrochemicals & Renewables

    ATPI Energy secures over $50m in new travel contracts

    Emerson, Aramco to co-develop advanced corrosion management solutions Oil, Gas, Petrochemicals & Renewables

    Emerson, Aramco to co-develop advanced corrosion management solutions

    OEG secures major offshore wind services contract from Ørsted Oil, Gas, Petrochemicals & Renewables

    OEG secures major offshore wind services contract from Ørsted

    Petrofac finalises divestment of Petrofac Emirates Oil, Gas, Petrochemicals & Renewables

    Petrofac finalises divestment of Petrofac Emirates

    Hammertech secures repeat order from Americas drilling customer Oil, Gas, Petrochemicals & Renewables

    Hammertech secures repeat order from Americas drilling customer

    ATPI Energy secures over $50m in new travel contracts Travel & Tourism News

    ATPI Energy secures over $50m in new travel contracts

    Bahrain records strong tourism growth following “We Miss You” initiative Travel & Tourism News

    Bahrain records strong tourism growth following “We Miss You” initiative

    RateGain expands AI commercial network across APAC, MEA Travel & Tourism News

    RateGain expands AI commercial network across APAC, MEA

    Vatel Bahrain tops Mideast hospitality education 2026 Travel & Tourism News

    Vatel Bahrain tops Mideast hospitality education 2026

    flyadeal expands multinational cabin crew team Travel & Tourism News

    flyadeal expands multinational cabin crew team

    Jazeera Airways relaunches direct flights to Budapest Travel & Tourism News

    Jazeera Airways relaunches direct flights to Budapest

    Dubai Taxi Company in deal to boost mobility services in Ajman Industry, Logistics & Shipping

    Dubai Taxi Company in deal to boost mobility services in Ajman

    BNET achieves key safety milestone with over 1m safe work hours Industry, Logistics & Shipping

    BNET achieves key safety milestone with over 1m safe work hours

    Abu Dhabi Maritime Academy forges partnership with Bahrain Polytechnic Industry, Logistics & Shipping

    Abu Dhabi Maritime Academy forges partnership with Bahrain Polytechnic

    Saudi Arabia's flag raised on two vessels Industry, Logistics & Shipping

    Saudi Arabia's flag raised on two vessels

    National Metal Manufacturing unit wins supply contract for Saudi power project Industry, Logistics & Shipping

    National Metal Manufacturing unit wins supply contract for Saudi power project

    AMAK completes incorporation of drilling, exploration unit Industry, Logistics & Shipping

    AMAK completes incorporation of drilling, exploration unit

    Recent silver pullback a temporary correction, says expert Analysis, Interviews, Opinions

    Recent silver pullback a temporary correction, says expert

    No time for courtesies – the GCC’s interests must not be ignored again Analysis, Interviews, Opinions

    No time for courtesies – the GCC’s interests must not be ignored again

    Why GCC payment systems need real-time fraud defence in the age of AI Analysis, Interviews, Opinions

    Why GCC payment systems need real-time fraud defence in the age of AI

    KSA real estate sees measured growth, market repositioning in Q1 Analysis, Interviews, Opinions

    KSA real estate sees measured growth, market repositioning in Q1

    Why Dubai is emerging as the global capital of physical gold trading Analysis, Interviews, Opinions

    Why Dubai is emerging as the global capital of physical gold trading

    India’s $30 trillion GDP by 2047 to create tectonic shift in a multipolar world Analysis, Interviews, Opinions

    India’s $30 trillion GDP by 2047 to create tectonic shift in a multipolar world

    ALEC wins $1.7bn construction contract for Sphere Abu Dhabi Lifestyle

    ALEC wins $1.7bn construction contract for Sphere Abu Dhabi

    New indoor destination Leo & Loona Kids Park opens in Bahrain Lifestyle

    New indoor destination Leo & Loona Kids Park opens in Bahrain

    Dividend Gate Capital to launch Bahrain’s first indoor ski academy Lifestyle

    Dividend Gate Capital to launch Bahrain’s first indoor ski academy

    Mered launches floating sales gallery on Al Reem Island Lifestyle

    Mered launches floating sales gallery on Al Reem Island

    ACC undertakes delivery of 500  Ramhan Island luxury villas Lifestyle

    ACC undertakes delivery of 500 Ramhan Island luxury villas

    Durar Group awards main contract for Missoni-branded homes in RAK Lifestyle

    Durar Group awards main contract for Missoni-branded homes in RAK

    GCC countries enhance use of renewable water resources Health & Environment

    GCC countries enhance use of renewable water resources

    UAE advises nationals, residents against travel to Uganda, DR Congo, South Sudan Health & Environment

    UAE advises nationals, residents against travel to Uganda, DR Congo, South Sudan

    Ebola situation in DR Congo worsens, Uganda imposes border curbs Health & Environment

    Ebola situation in DR Congo worsens, Uganda imposes border curbs

    Climate finance to developing countries surpasses $100bn goal Health & Environment

    Climate finance to developing countries surpasses $100bn goal

    Novo Nordisk sets up regional distribution centre in the UAE Health & Environment

    Novo Nordisk sets up regional distribution centre in the UAE

    Obesity intervention can boost UAE GDP by $51bn: report Health & Environment

    Obesity intervention can boost UAE GDP by $51bn: report

    UAE introduces sweeping civil law reforms reshaping contracts, property Education, HR & Training

    UAE introduces sweeping civil law reforms reshaping contracts, property

    Dubai says no increase in fees at private schools this year Education, HR & Training

    Dubai says no increase in fees at private schools this year

    Shurooq, Sanam to develop new K-12 school in Sharjah Education, HR & Training

    Shurooq, Sanam to develop new K-12 school in Sharjah

    Aramex names top executive for Eastern region markets Education, HR & Training

    Aramex names top executive for Eastern region markets

    ENEC signs deal to train Emirati nuclear talent Education, HR & Training

    ENEC signs deal to train Emirati nuclear talent

    MAHE Dubai launches next-generation AI lab Education, HR & Training

    MAHE Dubai launches next-generation AI lab

    Parisian elegance meets luxury hospitality at Printemps Paris Retail & Wholesale

    Parisian elegance meets luxury hospitality at Printemps Paris

    UAE reduces diesel price for June Retail & Wholesale

    UAE reduces diesel price for June

    Magrabi Retail to acquire majority stake in Baraka Optics Group Retail & Wholesale

    Magrabi Retail to acquire majority stake in Baraka Optics Group

    Adnoc Distribution, Americana in deal to boost food retail offering Retail & Wholesale

    Adnoc Distribution, Americana in deal to boost food retail offering

    Snoonu arrives in Kuwait offering more than delivery service Retail & Wholesale

    Snoonu arrives in Kuwait offering more than delivery service

    Cenomi Retail posts revenue growth of 2.2% to $361m Retail & Wholesale

    Cenomi Retail posts revenue growth of 2.2% to $361m

    ADIA, Advent-backed INNIO targets $20bn valuation in IPO Finance & Capital Market

    ADIA, Advent-backed INNIO targets $20bn valuation in IPO

    UAE's real GDP in 2025 surges 6.2pc to $517bn Finance & Capital Market

    UAE's real GDP in 2025 surges 6.2pc to $517bn

    Regional conflict puts Middle East credit ratings under pressure: Fitch Finance & Capital Market

    Regional conflict puts Middle East credit ratings under pressure: Fitch

    World economy at risk as conflict drains oil inventories, warn global bodies Finance & Capital Market

    World economy at risk as conflict drains oil inventories, warn global bodies

    Global economic outlook deteriorates; Middle East hardest hit Finance & Capital Market

    Global economic outlook deteriorates; Middle East hardest hit

    UAE waives $227m interest on loans owed by retirees Finance & Capital Market

    UAE waives $227m interest on loans owed by retirees

    BNET achieves key safety milestone with over 1m safe work hours IT & Telecommunications

    BNET achieves key safety milestone with over 1m safe work hours

    Beyon signs deal for Kuwait’s fixed telecom network; $2.6bn investment seen IT & Telecommunications

    Beyon signs deal for Kuwait’s fixed telecom network; $2.6bn investment seen

    Nokia launches AI networking lab to drive co-innovation with partners IT & Telecommunications

    Nokia launches AI networking lab to drive co-innovation with partners

    HUMAIN, Accenture to help accelerate AI adoption at scale in Saudi Arabia IT & Telecommunications

    HUMAIN, Accenture to help accelerate AI adoption at scale in Saudi Arabia

    Batelco by Beyon launches new ‘Postpaid World’ package IT & Telecommunications

    Batelco by Beyon launches new ‘Postpaid World’ package

    Aramco, Pasqal launch Saudi Arabia’s first quantum computer IT & Telecommunications

    Aramco, Pasqal launch Saudi Arabia’s first quantum computer

    Dubai Taxi Company in deal to boost mobility services in Ajman Motoring

    Dubai Taxi Company in deal to boost mobility services in Ajman

    Omoda and Jaecoo brings AI driverless parking solutions to UAE Motoring

    Omoda and Jaecoo brings AI driverless parking solutions to UAE

    Imagine Dragons set to headline F1 after-race concerts Motoring

    Imagine Dragons set to headline F1 after-race concerts

    Bolt expands ride-hailing service into Abu Dhabi Motoring

    Bolt expands ride-hailing service into Abu Dhabi

    Dubai Taxi Company to acquire National Taxi for $394.8m Motoring

    Dubai Taxi Company to acquire National Taxi for $394.8m

    ROX to set up Advanced AI Manufacturing Centre for luxury vehicles in KEZAD Motoring

    ROX to set up Advanced AI Manufacturing Centre for luxury vehicles in KEZAD

    Meta launches subscription plans for Insta, WhatsApp and Facebook Media & Promotion

    Meta launches subscription plans for Insta, WhatsApp and Facebook

     Esports World Cup 2026 to be held in Paris Media & Promotion

    Esports World Cup 2026 to be held in Paris

    Bahrain’s Fablemill joins Goldfinch to power Mideast film industry growth Media & Promotion

    Bahrain’s Fablemill joins Goldfinch to power Mideast film industry growth

    Bahrain’s Fablemill joins Goldfinch to power Mideast film industry growth Media & Promotion

    Bahrain’s Fablemill joins Goldfinch to power Mideast film industry growth

    Dubai's immersive Museum of Digital Art launched Media & Promotion

    Dubai's immersive Museum of Digital Art launched

    SAR launches naming rights project for Haramain railway stations Media & Promotion

    SAR launches naming rights project for Haramain railway stations

    UAE's landmark civil law reform takes effect, adulthood age lowered to 18 Miscellaneous

    UAE's landmark civil law reform takes effect, adulthood age lowered to 18

    Trump sent back changes to likely deal text, says report Miscellaneous

    Trump sent back changes to likely deal text, says report

    UAE’s new civil transactions law to reshape contracts from June 1 Miscellaneous

    UAE’s new civil transactions law to reshape contracts from June 1

    Key Trump meeting ends, but no decision yet on Iran deal Miscellaneous

    Key Trump meeting ends, but no decision yet on Iran deal

    Qatar ends temporary extension of visas from June 7 Miscellaneous

    Qatar ends temporary extension of visas from June 7

    US, Iran negotiators reach deal but await Trump's approval, says report Miscellaneous

    US, Iran negotiators reach deal but await Trump's approval, says report

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Petrofac

Petrofac finalises divestment of Petrofac Emirates
Energy, Oil & Gas

Petrofac finalises divestment of Petrofac Emirates

Mon, 01 Jun 2026

Petrofac announces the completion of the sale of Petrofac Emirates to a consortium of financial investors led by Mason Capital Management (Mason) and Pearlstone Alternative (UK).

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