Local News

Adnoc inks deal to develop AI products for oil, gas industry

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ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Tuesday it has signed an agreement with Group 42 (G42), an Abu Dhabi based artificial intelligence, cloud and supercomputing company, to establish a joint venture to develop and commercialise market-leading artificial intelligence (AI), products for the oil and gas industry. Under the terms of the agreement, a ...

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Etihad increases frequency of flights on Riyadh route

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Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, has announced a fourth daily flight on its route from Abu Dhabi to Riyadh, the capital of the Kingdom of Saudi Arabia (KSA), effective December 8. The additional service will be operated by an Airbus A320 configured with 8 seats in Business and 150 seats in Economy. ...

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Dubai-China trade grows 81% to AED139 billion in 10 years

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Dubai / WAM Ahmed Mahboob Musabih, Director-General of Dubai Customs, discussed means of boosting cooperation between Dubai and China with representatives of more than 20 Chinese companies headed by the Chinese Consul-General to Dubai, Li Xuhang. The visitors were briefed on the experience of Dubai Customs in developing and sustaining customs systems and the international supply chain. The meeting is ...

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Ducab supplies 90% of cables for Expo 2020

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ABU DHABI / WAM Hamad Al Mutawa, Chief Operating Officer of Commercial Operations at the Dubai Cable Company (Ducab), said that the company is supplying 90 percent of cables required by the Expo 2020 Dubai, which will be used by the expo’s train project. The oil and gas sector accounts for over 20 percent of the company’s sales, he added, ...

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UAE the land of opportunities and dreams: Report

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Abu Dhabi / WAM The UAE has embraced hundreds of leading innovative ideas and projects, making it the home of all innovators and ambitious people from around the world. The UAE’s openness and tolerance, as well as its safe and stable environment and its strategic location and modern legislation, have enabled it to attract people wishing to establish their businesses ...

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Oil majors take stakes in Abu Dhabi oil exchange

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ABU DHABI / WAM Intercontinental Exchange, Inc., a leading operator of global exchanges and clearing houses and provider of data and listings services, announced on Monday that Abu Dhabi National Oil Company (Adnoc), and nine of the world’s largest energy traders are partnering with ICE on the launch of ICE Futures Abu Dhabi, a new exchange in Abu Dhabi Global ...

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Masdar acquires stake in India’s green energy firm

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ABU DHABI / WAM Abu Dhabi Future Energy Company (Masdar), a global leader in renewable energy projects, sustainable real estate, sustainable mobility and waste to energy, announced its investment in financing ‘Hero Future Energies’ — a clean-tech company. This is the second investment in the Hero Future Energies (HFE), portfolio, following initial $125 million made by International Finance Corporation (IFC), ...

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Louvre Abu Dhabi welcomes 2m visitors since opening

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Abu Dhabi / WAM Louvre Abu Dhabi celebrates its second-year anniversary this month on the heels of several major achievements for the institution and the launch of new programmes, as well as a significant number of new artworks in the galleries. Since opening in 2017, Louvre Abu Dhabi has welcomed over two million visitors from around the world who have ...

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Largest-ever Adipec kicks off in Abu Dhabi

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Abu Dhabi / WAAM The largest-ever Abu Dhabi Petroleum Exhibition and Conference (Adipec), was opened on Monday, as a global platform for industry best-practice and innovation, setting the agenda for the future of the energy, oil and gas sector. Over four days, the event will welcome more than 150,000 attendees from 167 countries, including senior decision-makers and industry thought leaders. ...

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Cabinet OKs policy against domestic violence

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Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on Monday a new Family Protection policy that includes mechanisms for protecting women, children, the elderly, and people of determination from any type of violence and abuse. In a Cabinet meeting chaired by His Highness ...

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