Local News

Abu Dhabi / WAM    Alpha Dhabi Holding PJSC (Alpha Dhabi) announced that it has acquired a 25 percent stake in Gordon Technologies, a leading provider of MWD (Measurement While Drilling) technology to the oil and gas industry for AED 602 million. Chimera Capital acted as sole financial advisor to Alpha Dhabi Holding on the transaction. Founded in 2014, Gordon Technologies ...

Abu Dhabi / WAM  Adnoc Drilling company on Wednesday awarded a five-year framework agreement valued at up to $1.6 billion for Integrated Drilling Fluids Services (IDFS) to support the expansion of Adnoc’s lower-cost and lower-carbon intensive production capacity, as it continues to respond to growing global demand for energy. The award covers Adnoc’s onshore and offshore fields and will see ...

Abu Dhabi / WAM  President His Highness Sheikh Mohamed bin Zayed Al Nahyan, met virtually on Wednesday with United States President Joseph R. Biden Jr.  The two leaders reaffirmed the depth of the US-UAE strategic relationship and addressed global challenges including energy security. In the meeting, the two leaders highlighted the just announced comprehensive UAE-US initiative to accelerate the energy ...

Dubai / WAM DP World is expanding its operations in China by signing a memorandum of understanding (MoU) to support logistics and trade development at the Lin-Gang Special Area, a free trade zone in Shanghai. The MoU was signed on Wednesday with Shanghai Lin-Gang Economic Development Group (Lin-Gang Group) at a virtual ceremony by Lin-Gang Party Secretary and Member of ...

Abu Dhabi / WAM Cepsa, a Mubadala group company, and Etihad signed an MoU to accelerate the decarbonisation of air transport by researching and producing sustainable aviation fuels (SAF). Both companies prioritise the development of these sustainable fuels as a tool to further reduce the carbon footprint of air transport and contribute to the goals of the UN’s 2030 Agenda ...

Abu Dhabi / WAM The Ministry of Human Resources and Emiratisation (MoHRE) signed on Wednesday an agreement with a group of nine local insurance companies, to launch the framework of the new Unemployment Insurance Scheme, in line with the Federal Decree Law No. 13 of 2022 and the relevant Cabinet Resolutions. The new insurance scheme aims to provide protection for ...

Abu Dhabi / WAM Abu Dhabi Airports is gearing up to launch advanced biometric technology, which uses a passenger’s facial features as their passport to offer a seamless experience throughout their travel journey at Abu Dhabi International Airport, from the time they arrive at the airport to the time they board their flight. The technology uses smart cameras to capture ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has witnessed the signing of a comprehensive strategic partnership between the UAE and the US to accelerate the energy transition, advance shared climate goals and strengthen global energy security. UAE Minister of Industry and Advanced Technology and Special Envoy for Climate Change Dr. Sultan Al Jaber and ...

Abu Dhabi / WAM Edge group entity, Jaheziya, a single-stop service provider for defence solutions and emergency response services, and Enekom, a Turkish company leading in rail technology, research, development and engineering, on Tuesday signed a partnership to expand railway solutions and technology in the region. As per the agreement, Jaheziya will be Enekom’s exclusive distributor of the patented RailAcoustic ...

Abu Dhabi / WAM The World Bank has hailed the UAE’s “favourable business environment and world-class infrastructure”, expecting the country’s real GDP to grow by 5.9% in 2022. This came as the World Bank announced its new Gulf Economic Update (GEU) where it said higher oil receipts supplemented with a gradual non-oil recovery in the Emirates will bolster fiscal revenue ...