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Trends & Analysis
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Gold prices ease after hitting record high

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Week Ahead Preview: 17th of February

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Europe stocks hit record high on strong earnings

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BRIC currencies mostly gain as US inflation rises

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Refresh your portfolio with Coca-Cola?

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GBP/USD price may rally to multi-week high

Trends & Analysis
News

Gold prices ease after hitting record high

News

Week Ahead Preview: 17th of February

News

Europe stocks hit record high on strong earnings

News

BRIC currencies mostly gain as US inflation rises

News

Refresh your portfolio with Coca-Cola?

News

GBP/USD price may rally to multi-week high

ADNOC Distribution (ADNOCDIST) – Introduction and background

ADNOC Distribution is the largest fuel and convenience retailer in the United Arab Emirates (UAE), headquartered in Abu Dhabi.

Established in 1973 as a wholly-owned subsidiary of the Abu Dhabi National Oil Company (ADNOC), ADNOC Distribution specialises in downstream products such as petrol and heating oils. The company operates a vast network of service stations across the UAE and Saudi Arabia. Its business lines include retail fuel sales, commercial fuel sales, lubricants, and convenience stores. In recent years, ADNOC Distribution has been expanding its non-fuel retail offerings and digital services to diversify its revenue streams away from its traditional strengths in retail gas sales.

In 2017, 17% of the outstanding shares were publicly listed in the company’s IPO. ADNOC Distribution trades on the Abu Dhabi Securities Exchange (ADX) under the ticker symbol ADNOCDIST. 

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