ABU DHABI / WAM A delegation from the UAE, led by Mahash Saeed Al Hameli, UAE Ambassador to South Africa and the UAE Sous Sherpa, participated in the Third G20 Sherpa Meeting, held in South Africa. The meeting brought together representatives from member states, invited countries and international organisations to assess the progress achieved across various G20 Sherpa Working Groups. ...

ABU DHABI / WAM ADNOC Drilling Company PJSC (“ADNOC Drilling” or the “Company”) announced today the award of a contract valued at up to $800 million by ADNOC Onshore for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs. The five-year agreement is set to commence in 3Q 2025, marking another significant milestone in ADNOC Drilling’s evolution ...

ABU DHABI / WAM Khalifa Economic Zones Abu Dhabi – KEZAD Group and SINGAUTO, a Singapore-based tech innovator, have announced the signing of a 50-year land lease agreement to establish a state-of-the-art facility in KEZAD Area A (KEZAD Al Ma’mourah). SINGAUTO has committed AED100 million in investments to build a 100,000 square metre advanced facility focused on the development of ...

ABU DHABI / WAM CVC DIF, the infrastructure strategy of leading global private markets manager, CVC, and Tabreed, the world’s leading district cooling company, have entered a partnership to acquire PAL Cooling Holding from Abu Dhabi’s Multiply Group. The transaction, with an equity value of approximately AED3.8 billion, includes three long-term concessions in the Abu Dhabi main island area and ...

DUBAI / GULF TIME Khaled Waleed Al Zarooni, a recent high school graduate, obtained a real estate brokerage license issued by the Dubai Land Department (DLD), making him the youngest Emirati to obtain this specialized certification, known as the “Real Estate Broker Certificate.” This certificate,  a celebrated national achievement,  marks a milestone in Khaled’s professional and personal journey, as he ...

MINSK / WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has arrived in Minsk, Belarus, leading the UAE delegation attending the Supreme Eurasian Economic Council meeting, on behalf of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE. The UAE is attending the Supreme Eurasian Economic Council meeting as a ...

ABU DHABI / WAM Emirates Global Aluminium (EGA) on Thursday announced start of hot metal production at pilot reduction cells for EX, the company’s next generation aluminium smelting technology. The pilot at Al Taweelah is a key step in readying the technology for large-scale industrialisation, making the project a key foundation for both future low-carbon primary aluminium production growth at ...

SHARJAH / WAM The fourth edition of the Mango Festival will kick off on Friday, at Expo Khorfakkan and will run until 29th June. Organised by the Sharjah Chamber of Commerce and Industry (SCCI), in cooperation with the Municipal Council of Khorfakkan and Khorfakkan City Municipality, the festival features extensive participation from local farmers, agricultural companies, and productive families from ...

DUBAI / WAM A recent report by the World Travel and Tourism Council (WTTC) revealed that the UAE’s travel and tourism sector delivered an exceptional performance in 2024. The sector contributed AED257.3 billion (US$70.1 billion) to the national GDP, accounting for 13% of the economy. This marks a 3.2% increase from 2023 and a remarkable 26% growth compared to 2019, ...

ABU DHABI / WAM The Central Bank of the United Arab Emirates (CBUAE) increased its gold reserves by 19.3 percent during the first quarter of the year, adding AED4.444 billion to reach a total of AED27.425 billion at the end of March, up from AED22.981 billion at the end of 2024. According to the Central Bank’s statistical bulletin issued today, ...