Abu Dhabi / WAM The National Petroleum Construction Company (NPCC), part of Senaat Abu Dhabi, has won an Engineering, Procurement, Construction (EPC) contract for 5 Well Platforms and Pipeline for Ratna field from ONGC as part of offshore oil and gas infrastructure development on the west coast of India. This contract includes survey, design, engineering, procurement, fabrication, load out, transportation, ...

Bloomberg Emirates, the world’s biggest airline by international traffic, has mandated eight banks including HSBC Holdings Plc and Standard Chartered Plc to manage a sale of Islamic bonds, according to two people with knowledge of the transaction. The Dubai government-owned carrier also picked Citigroup Inc, BNP Paribas SA, Emirates NBD PJSC, Dubai Islamic Bank PJSC, Abu Dhabi Islamic Bank PJSC ...

DUBAI / Reuters Demand for business loans in the United Arab Emirates has increased marginally during the fourth quarter of the last year, mainly because of stronger demand in Dubai, a central bank survey showed on Tuesday. The total demand for personal loans was flat, according to the survey. The net balance measure for business lending — the weighted percentage ...

DUBAI / Emirates Business Consumers are confident they’re safe online, but hackers have proven otherwise, stealing AED 3.86 billion from 3.72 million consumers in the UAE in the past year, according to the 2017 Norton Cyber Security Insights Report, released by Norton by Symantec on Tuesday. Within the last year more than half (52%) of the country’s adult online population ...

DUBAI / Emirates Business Dubai Land Department (DLD) announced the completion of the first phase of its building classification project, which was launched earlier in 2015 as an initiative from DLD to survey real estate projects across Dubai. Phase one focused specifically on (non-freehold) old areas in Dubai. His Excellency Sultan Butti bin Mejren Director General of DLD said: “This ...

Dubai / Emirates Business Dubai Aerospace Enterprise (DAE) Ltd. announces that it has received the M&A Deal of the Year award from Airline Economics during its Aviation 100 Global Leader Awards ceremony in Dublin, Ireland. This award is recognition of DAE’s high-profile acquisition of the leading aircraft lessor AWAS in 2017, which propelled DAE into the top tier of global ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, reviewed the progress of Dubai Creek Tower, the global icon in the heart of the 6 square kilometre Dubai Creek Harbour. His Highness was accompanied by HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Tuesday received Aga Khan IV, Imam of the Shia Ismaili Muslims, in the presence of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai. During the meeting, Sheikh Mohammed and Aga Khan exchanged ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday received members of the organising committee of the Abu Dhabi Sustainability Week (ADSW), along with Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group CEO. During the meeting, ...

Abu Dhabi / WAM Borouge’s portfolio of creative and value creating plastics solutions including the breakthrough flexible packaging product Anteo were demonstrated at the 15th International Saudi Plastics and Petrochemicals and Print and Pack 2018 (Saudi PPPP) joint exhibitions held at the Riyadh International Convention and Exhibition Centre from January 21-24. Bringing together key players and professionals in the plastics ...