Adnoc Drilling has just made a second regional acquisition
Update: 2025-11-06
Description
06 Nov 2025. ADNOC Drilling has announced its second regional acquisition, buying an 80% stake in MBS Petroleum Services adding 21 rigs to its fleet and deepening its presence across the Gulf. We speak to CFO Youssef Salem about what the deal means for shareholders and future growth. Plus, tech stocks tumble as chipmakers lose half a trillion dollars in value, we ask analyst Dan Ives whether it’s just a pause or the start of a correction. And Espace Real Estate’s Daniel Abraham breaks down the hidden costs UAE homebuyers keep missing.
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