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Abu Dhabi's Lunate Launches ETF Tracking Japan Equities

Lunate Capital is launching an exchange-traded fund tracking Japanese equities that will be listed on the Abu Dhabi securities exchange (ADX). WAM
Lunate Capital is launching an exchange-traded fund tracking Japanese equities that will be listed on the Abu Dhabi securities exchange (ADX). WAM
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Abu Dhabi's Lunate Launches ETF Tracking Japan Equities

Lunate Capital is launching an exchange-traded fund tracking Japanese equities that will be listed on the Abu Dhabi securities exchange (ADX). WAM
Lunate Capital is launching an exchange-traded fund tracking Japanese equities that will be listed on the Abu Dhabi securities exchange (ADX). WAM

Abu Dhabi investor Lunate Capital is launching an exchange-traded fund (ETF) tracking Japanese equities that will be listed on the Abu Dhabi securities exchange (ADX), the firm said in a statement on Thursday.

Lunate said the Chimera S&P Japan UCITS ETF, its third ETF so far this year, will list on May 29 and give investors access to the top 30 most liquid Japanese stocks listed on the Tokyo Stock Exchange including Toyota and Sony.

Lunate manages $105 billion of assets.

The ETF market will contribute to bolster "Abu Dhabi's plan to diversify its economy and attract more investors to its financial center," ADX's CEO Abdulla Salem Alnuaimi was quoted as saying in Thursday's statement.

Investors will be able to subscribe to the ETF between 16-23 May, Lunate added.

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Oman LNG Delivers First Shipment to Shell

A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)
A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)
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Oman LNG Delivers First Shipment to Shell

A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)
A glimpse of the first LNG shipment delivery to Shell at the industrial complex in Sur, Oman (Oman News Agency)

Oman LNG on Tuesday announced the successful loading of its first liquefied natural gas (LNG) cargo to Shell under its new long-term agreements, marking a significant milestone in the company’s strategy to expand its global market reach and reinforce Oman’s position as a leading LNG supplier.
According to Oman News Agency, the ceremonial event took place at Oman LNG’s state-of-the-art facility in Sur, under the auspices of Salim al Aufi, Minister of Energy and Minerals, alongside senior officials from Oman LNG and Shell.
Aufi, in his remarks, emphasized the importance of this milestone, saying, “Today’s shipment is not merely a delivery but a testament to Oman’s commitment to energy security, global collaboration, and sustainable economic growth. It also reflects the strong partnership between Oman LNG and Shell, built on mutual trust and a shared vision.”

Shell, as the largest offtaker under these new agreements, plays a pivotal role in Oman LNG’s strategic plans for sustained growth and market expansion.

Oman LNG’s CEO, Hamad al Naamany, highlighted the significance of this shipment, saying, “We are embarking on a 10-year concession extension with market leaders in LNG and energy. Our growth is aligned with Oman’s vision and adapted to the evolving global energy market demands. Our partnership with Shell continues to thrive, contributing to Oman’s economic diversification goals.”