Business Extra: Adnoc on fertile ground, Boeing's troubles and Facebook's latest PR push
'The National' breaks down the week's business headlines
Fertilisers play a critical role in ensuring the security of the global food supply. Overnight, Abu Dhabi National Oil Company group has gone from the 12th-largest nitrogen-based fertiliser exporter in the world to the biggest, thanks to its tie up with Nassef Sawiris' OCI.
The Abu Dhabi company will combine unit Adnoc Fertilisers with OCI’s regional nitrogen-based fertiliser platform, to create one of the largest exporters of the product globally. OCI has fertiliser production operations in Egypt and Algeria.
Host Mustafa Alrawi, assistant editor in chief, and Kelsey Warner, assistant business editor, break down the significance of Adnoc's move. We also talk about Boeing's difficult week with Emirates in talks to renegotiate its 777X aircraft deal. There may also need to be a re-branding of the troubled 737 Max once it is fit to fly again.
And, The National’s head of features Nyree McFarlane recently visited Facebook’s Menlo Park headquarters to get the inside track on the social media company. Warner spoke to her about it.
Updated: June 20, 2019 03:36 PM