Blog List Layout

Bloomberg US President Joe Biden told Chinese President Xi Jinping that he doesn’t support a formal declaration of independence by Taiwan in the first conversation between the two leaders since March, the Beijing government said. Xi told Biden that it’s the will of the Chinese people to “resolutely safeguard China’s national sovereignty and territorial integrity” regarding Taiwan and that “whoever ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Wednesday announced the award of two substantial contracts totalling $2 billion (AED7.49 billion) to Adnoc Drilling for the Hail and Ghasha Development Project. The contracts comprise $1.3 billion (AED4.89 billion) for integrated drilling services and fluids and $711 million (AED2.6 billion) for providing four Island Drilling Units. A ...

  Abu Dhabi / WAM The UAE district cooling company Tabreed has released its consolidated financial results for the first six months of 2022, reporting a net profit of AED 240.4 million – an increase of 3% compared to its H1 2021 performance. The company practically doubled the size of its concession capacity in Oman with the acquisition of the ...

  Abu Dhabi / WAM Dr Abdulrahman Abdulmannan Al Awar, Minister of Human Resources and Emiratisation, has issued Ministerial Resolution No. 346 of 2022 regarding the amendment of certain provisions of Ministerial Resolution No. 43 of 2022 on the Wages Protection System (WPS). Under the new resolution, the Ministry of Human Resources and Emiratisation (MoHRE) will implement a series of ...

  Abu Dhabi / WAM The Telecommunications & Digital Government Regulatory Authority (TDRA) announced that more than 10 million people visited the Official Portal of the UAE government (U.AE) during the first half of 2022, an increase of 26% against the same period of last year. Visits to U.AE amounted to approximately 16 million, through which more than 24 million ...

Bloomberg House Speaker Nancy Pelosi is getting bipartisan support for a possible trip to Taiwan, with some lawmakers from both parties arguing that it’s important that the top leader in the US Congress show no sign of giving in to pressure from China’s government. “If we can allow the Chinese to dictate who can visit Taiwan and who cannot, then ...

Abu Dhabi / WAM Adnoc Logistics and Services (Adnoc L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (Adnoc), announced on Tuesday the acquisition of Zakher Marine International (ZMI), an Abu Dhabi-based owner and operator of offshore support vessels, with the world’s largest fleet of self-propelled jack-up barges. Financial details of the transaction are not being ...

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has announced a partnership with Clara, a LegalTech startup that offers automated legal services for startups. The partnership will support Hub71-based startups and provide them with access to Clara’s innovative digital platform, facilitating the complex legal processes involved in setting up, growing and exiting a startup. Under the agreement, ...

  ABU DHABI / WAM Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and to ensure citizens’ well-being, Abu Dhabi Executive Council has approved a new decision to raise pensions of UAE nationals working in the emirate’s public schools to 80% of their total salary, contributing to better living standards and more financial stability for ...

  Sharjah / WAM Etihad Credit Insurance (ECI), the UAE’s Federal export credit company, has partnered with the Hamriyah Free Zone Authority (HFZA) and the Sharjah Airport International Free Zone Authority (Saif Zone) to support Sharjah exporters and re-exporters to start and grow their international business and secure their receivables globally. The strategic initiative will boost the exports from Sharjah, ...