Verity Ratcliffe

Dubai, London

Reporter at Bloomberg News

Energy Reporter for @business covering the Middle East from Dubai https://t.co/Pv2NcX0Noe

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Articles

Middle East’s Newest LNG Importer Prepares to Take First Cargo

2 weeks ago | bloomberg.com | Verity Ratcliffe |Anna Shiryaevskaya |Stephen Stapczynski

(Bloomberg) -- Bahrain will receive its first liquefied natural gas cargo as soon as this month, becoming the latest Middle Eastern nation to import the fuel as energy demand soars. The Seapeak Bahrain floating import terminal is sailing toward the region, ship-tracking data compiled by Bloomberg show. It will receive a commissioning cargo from TotalEnergies SE as early as April, according to traders with knowledge of the matter.
Black Sea Truce Talks Come as Grain Trade Is Already Near-Normal

4 weeks ago | bloomberg.com | Celia Bergin |Verity Ratcliffe

Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...
Energean Pulls Sale of Egypt and Italy Assets to Carlyle (1)

1 month ago | news.bloombergtax.com | Verity Ratcliffe

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Energean Pulls Sale of Egypt and Italy Assets to Carlyle (1)

1 month ago | news.bloomberglaw.com | Verity Ratcliffe

Energean Plc terminated a deal to sell natural gas assets in Egypt, Italy and Croatia to a unit of Carlyle Group Inc,a blow for the US private equity firm’s plans to expand in the Mediterranean market. Certain regulatory approvals in Italy and Egypt weren’t obtained by Carlyle by Thursday’s deadline, and Energean was unable to reach an agreement on an extension, it said Friday in a statement.
Oman Power Utility Said to Pause IPO Plans and Weigh Bond Sale

1 month ago | financialpost.com | Laura Cuesta |Verity Ratcliffe

Advertisement 1Oman Electricity Transmission Co. has paused plans to pursue an initial public offering, and is now seeking to raise funds through a bond sale, according to people familiar with the matter. • You can save this article by registering for free here. Or sign-in if you have an account.
Oman Power Utility Said to Pause IPO Plans and Weigh Bond Sale

1 month ago | bloomberg.com | Laura Cuesta |Verity Ratcliffe

Oman Electricity Transmission Co. has paused plans to pursue an initial public offering, and is now seeking to raise funds through a bond sale, according to people familiar with the matter. The state power utility will start meeting investors in the US and the UK this week to sound out appetite for a possible dollar-bond issuance, two of the people said, declining to be identified as the information is private. OETC is working with Citigroup Inc.
Dubai’s Expat Influx Dents Plush Pay Packages and Lifestyles

1 month ago | news.bloomberglaw.com | Abeer Abu Omar |Verity Ratcliffe |Zainab Fattah

Trefor Murphy, the head of recruitment firm Cooper Fitch, recalls a time when a Dubai job posting might have received just about 100 applicants. These days, some draw as many as 2,000 as foreigners flood a city reputed for lucrative paydays and upscale lifestyles. That expat influx is now making Dubai’s job market “a victim of its own success,” Murphy said. The effect of the surging population is already being widely felt.
Dubai’s Job Market Feels the Strain as Expats Flood the City

1 month ago | bloomberg.com | Abeer Abu Omar |Verity Ratcliffe

Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
Dubai’s Expat Influx Dents Plush Pay Packages and Lifestyles

1 month ago | flipboard.com | Abeer Abu Omar |Verity Ratcliffe

6 hours agoBillionaire investor Mark Cuban waded into the latest government tech shake-up on Saturday, posting an unexpected offer of support for newly laid-off federal workers on the social network Bluesky. His message, which quickly gained traction, urged the displaced engineers and designers to turn the …
Engie Exits Kuwait, Bahrain With $693 Million Sale to Saudi Firm

2 months ago | news.bloombergtax.com | Verity Ratcliffe

France’s Engie SA agreed to sell its power and water assets in Kuwait and Bahrain to Acwa Power Co. for $693 million. The divestment comprises gas-fired electricity generation and water desalination. Although Engie had built some of the Middle East’s largest fossil-fueled power stations, the French utility has been pivoting more toward clean energy in recent years as it chases net zero targets.