UAE Flips Own Script with $4 Bln Oil Pipeline Deal

(Reuters Breakingviews) – Abu Dhabi is flipping the script. In recent years, the United Arab Emirates’ leading light has blazed a trail by offloading minority stakes in subsidiaries of the Abu Dhabi National Oil Company (ADNOC). Wednesday’s acquisition of KKR and BlackRock’s 40% stake in ADNOC’s oil pipelines, by domestic investment fund Lunate, goes in … Read more