Aramco Nears $10 Billion Jafurah Pipeline Stake Sale to GIP
Save
Saudi Aramco is in advanced talks to sell a roughly $10 billion stake in midstream infrastructure serving the giant Jafurah natural gas project to a group led by BlackRock Inc., according to people with knowledge of the matter.
The consortium is backed by BlackRock's Global Infrastructure Partners unit and could reach an agreement as soon as the coming days, said the people, who asked not to be identified discussing confidential information.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
Israeli cyber startup Noma Security raises $100 million in private funding round
By Steven Scheer TEL AVIV (Reuters) -Israeli cybersecurity startup Noma Security, whose platform secures enterprise data and AI models against AI agents, said on Thursday it raised $100 million in a private funding round, bringing total funds raised to date to $132 million. Israel's cyber security sector has been active of late and many startups have raised significant sums in funding rounds and in mergers and acquisitions. A surge in cyberattacks, including data breaches and ransomware, has driven demand for more comprehensive defences and fueled interest in cyber firms. On Wednesday, Palo Alto Networks said it would buy Israeli peer CyberArk Software for $25 billion. It follows Alphabet's $32 billion acquisition of Israeli startup Wiz in March. Noma Security's Series B round was led by U.S.-based venture capital firm Evolution Equity Partners, with continued participation from Ballistic Ventures and Israeli firm Glilot Capital. The latest funds, it said, will be used to further expand its operations across North America and Europe, Middle East and Africa and to more rapidly grow its product, research and development teams in Tel Aviv. Noma Security, which was founded in 2023, came into prominence last November after raising $32 million. The company said it helps organisations "identify millions of AI and AI agent risks while simultaneously prioritising and mitigating novel threats at scale." AI agents are AI systems that act autonomously on behalf of users or organisations. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
31 minutes ago
- Bloomberg
Qatar to Pay for Syria to Get More Piped Gas From Azerbaijan
Syria's new government is set for a boost with Qatar agreeing to pay for increased natural gas supplies to the war-torn country, according to a Qatari official. Qatar, which is already providing funding to get gas to Syria's power plants, will roughly double the amount from next month, the official said, asking not to be named as the information isn't yet public.
Yahoo
an hour ago
- Yahoo
e& reports 60.7% increase in consolidated net profit, reaching AED 8.8 billion in H1 2025
Q2 consolidated revenue increased to AED 18.0 billion, a 28.1% year-on-year growth Q2 consolidated net profit rises to AED 3.5 billion, backed by 9.7% year-on-year growth Q2 EBITDA reached AED 8.0 billion at a margin of 44.5%, an increase of 22.2% year-on-year ABU DHABI, UAE, July 31, 2025 /PRNewswire/ -- e& today announced its consolidated financial results for the first half of 2025, reporting continued growth momentum and strategic progress across its business pillars. e&'s performance reinforces the Group's position as a global technology leader, driving digital transformation at scale across regional and international markets. Consolidated revenue increased to AED 34.9 billion, representing a year-over-year growth of 23.3 per cent compared to H1 2024. Consolidated net profit in H1 rose to AED 8.8 billion, up 60.7 per cent from the previous year. EBITDA in H1 reached AED 15.4 billion, a YoY increase of 18.8% with EBITDA margin of 44.1 per cent. The Group's subscriber base grew to 198 million globally, marking a 13.1 per cent increase year-over-year. In the UAE, e& UAE subscribers reached 15.5 million, driven by rising demand for advanced connectivity solutions, AI-powered services, and tailored digital experiences that address the evolving needs of both individuals and businesses. Key Financial Highlights for H1 2025H1 2025 H1 2024 % Change Q2 2025 Q2 2024 % Change Consolidated Revenue AED 34.9 billion AED 28.3 billion 23.3 % AED 18.0 billion AED 14.1 billion 28.1 % Consolidated Net Profit AED 8.8 billion AED 5.5 billion 60.7 % AED 3.5 billion AED 3.2 billion 9.7 % EBITDA AED 15.4 billion AED 12.9 billion 18.8 % AED 8.0 billion AED 6.6 billion 22.2 % Earnings per Share AED 1.01 AED 0.63 60.7 % AED 0.40 AED 0.36 9.7 % Total Group Subscribers 198.0 million 175.1 million 13.1 % 198.0 million 175.1 million 13.1 % UAE Subscribers 15.5 million 14.6 million 6.3 % 15.5 million 14.6 million 6.3 % H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman, e&, said: "In the first half of 2025, e& continued to strengthen its leadership position, driven by its strategic investments and robust business model. Our continued strong performance reflects our commitment to long-term value creation, with major milestones reflecting the Board's strategic foresight. "In H1, e& continued its growth trajectory, delivering consolidated revenue of AED 34.9 billion—a year-on-year increase of 23.3 per cent—and achieving consolidated net profits of AED 8.8 billion, up 60.7 per cent compared to the same period last year. Alongside our outstanding financial performance, we maintained our focus on bringing the latest technologies to best serve our customers. We launched the UAE Sovereign Cloud Launchpad alongside AWS and the UAE Cybersecurity Council. This landmark initiative advances national priorities around digital sovereignty, secure AI, and cloud innovation, and is set to unlock enduring value for the nation's digital economy. "Thanks to the UAE's visionary leadership that inspires us, e& will continue enabling the knowledge economy with responsibility and ambition. We remain committed to shaping resilient, inclusive, and innovation-led societies across the markets we serve." Hatem Dowidar, Group Chief Executive Officer, e&, said: "e& delivered strong performance in the first half of 2025, reflecting our agility, innovation, and ability to scale. We preserved the momentum witnessed across our different verticals. Our diverse revenue streams enabled the group to drive financial success and deliver robust operational growth. Revenues in Q2 and H1 increased by 28.1 per cent year-over-year to AED 18.0 billion and by 23.3 per cent to AED 34.9 billion, respectively. Our EBITDA grew by 18.8 per cent to AED 15.4 billion in the first half. These results demonstrate the strength of our transformation strategy and our continued focus on operational excellence and value creation. "We achieved a series of strategic milestones, including the divestment of Khazna and partial divestment of Airalo during the first half of the year, which enhanced our financial flexibility. In parallel, we introduced the UAE Sovereign Cloud Launchpad, reinforcing our focus on secure, sovereign AI solutions. We also became one of the first companies to earn the 'Tier S' designation under the Dubai AI Seal, a top-level recognition of our leadership in responsible AI development and deployment. Additionally, we advanced our international footprint through the acquisition of Serbia Broadband, while our collaboration with Qualcomm is accelerating 5G evolution and edge AI integration across key industries. "Our progress was further recognised internationally, with e& named the world's Fastest Growing Brand by Brand Finance. This recognition reflects our bold ambition, customer-centric innovation, and growing global presence. "As we look ahead, we remain focused on enabling future technologies and delivering lasting impact across the communities we serve." Infographic: Media contact:Nancy SudheerSenior Managernsudheer@ +971 50 705 5290 View original content to download multimedia: SOURCE e& Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
