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  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) announced on Thursday the award of a contract worth $980 million (AED3.6 billion) to Adnoc Drilling to hire two jack-up offshore rigs and associated manpower and equipment. The contract, awarded by Adnoc Offshore, will support the expansion of Adnoc’s production capacity as it responds to the growing global demand ...

Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa) announced on Thursday a comprehensive 2030 environmental, social and governance (ESG) strategy. The ESG strategy includes the national low-carbon power and water champion’s interim greenhouse gas (GHG) emissions reduction goals and is a credible step towards achieving its net-zero ambitions by 2050. Under the strategy, Taqa has committed to a ...

  Dubai / WAM Zayed University and Oracle on Thursday signed a memorandum of understanding (MoU) at Gitex Global 2022 to expand their partnership into innovative new technologies. This builds on Zayed University and Oracle’s existing 15-year partnership. As part of the new agreement, Oracle will support Zayed University on its digital transformation strategy in the areas of artificial intelligence, ...

Bloomberg At least 15 countries mainly of the Nato military alliance, including the U.K. and the Netherlands, have signed a letter of intent to join a long-term German project to create a European anti-missile shield that would boost protection for much of the continent. The system will have several layers to intercept various kinds of missiles from different heights, possibly ...

  Bloomberg A key gauge of US consumer prices advanced to a 40-year high in September, underscoring persistent, elevated inflation that’s squeezing households and pushing the Federal Reserve towards another steep interest-rate hike. The core consumer price index, which excludes food and energy, increased 6.6% from a year ago, the highest level since 1982, Labour Department data showed on Thursday. ...

  Abu Dhabi / WAM Etihad Rail, the developer and operator of the UAE National Rail Network, completed the main works of the UAE National Rail Network with the completion of the tracklaying works of the main line in Sharjah and Ras Al Khaimah, as part of the last package of Stage Two of the project. The main line of ...

Abu Dhabi / WAM The Emirati Talent Competitiveness Council (Nafis) has signed an MoU with Emirates Integrated Telecommunications Company (du), which involves du’s participation within the Nafis programme, a federal initiative that aims to increase the contributions of Emirati citizens within the private sector and raise their efficiency and qualifications. In the signing ceremony, Nafis was represented by Ghannam Al ...

  Abu Dhabi / WAM Zayed University on Wednesday announced that Cisco would join its pioneering Partner Challenge programme as part of a new memorandum of understanding (MoU) signed between the two parties. The programme offers a unique opportunity for students to apply their knowledge outside the classroom, addressing real-world challenges proposed by an industry player, such as Cisco. Working ...

  Dubai / WAM Deyaar Development on Wednesday announced above 91% completion of the Mesk District in Midtown, the grand development located in Dubai Production City near Sheikh Mohammed Bin Zayed Road, and also confirmed close to 78% completion of the Noor District. The announcement marks a crucial milestone for the property developer as Mesk and Noor Districts will allow ...

Bloomberg President Joe Biden said the US has gamed out responses if Russian President Vladimir Putin uses a nuclear weapon in Ukraine. “The Pentagon didn’t have to be asked,” Biden said in an interview Tuesday with CNN, in response to a question about whether he’d directed the Defense Department to come up with contingencies. The president declined to elaborate on ...