Abu Dhabi / WAM Maqta Gateway, a wholly owned subsidiary of Abu Dhabi Ports, has signed a co-operation agreement in China with LOGINK, the national logistics platform operated by the Chinese Ministry of Transport. Dr Noura Al Dhaheri, General Manager of Maqta Gateway, and Guo Jianbiao, Director-General of LOGINK, signed the MoU in Hangzhou, China, on the sidelines of a ...
Read More »Dubai / WAM Attracting participants from five continents and 33 countries, with bidders spanning the whole Middle East, Sotheby’s Dubai inaugural auction took in over three million Dollars this week, with 30 percent of the bids coming from the UAE. Edward Gibbs, Sotheby’s Chairman for Middle East, said, “The strong sale result is testament to the exciting evolution of UAE market ...
Read More »Abu Dhabi / WAM Eagle Hills Abu Dhabi has recently awarded the construction and infrastructure works contract for the entire 63,677 square metre site of The Address Fujairah Resort and Spa to Joannou and Paraskevaides, J&P. The Abu Dhabi-based private real estate investment and development company made the announcement during an official signing ceremony that marked the groundbreaking of the ...
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ABU DHABI / WAM Baroness Rona Fairhead, UK Minister of State for Trade and Export Promotion at the Department for International Trade (DIT) told Emirates News Agency (WAM) that the UAE is to invest 1.5 billion Pounds (AED7.5billion) in the UK in areas of renewable energy. “Brexit will help the UK pursue a more open economic policy. We are accelerating ...
Read More »ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC) announced a significant investment to upgr-ade its Bab field, re-energising one of its largest onshore producing assets to sustain and enhance output. This is an important step towards delivery of the ADNOC group’s 2030 smart growth strategy that seeks to increase its crude oil production capacity and reduce cost, ...
Read More »DUBAI / WAM Aviation District, the integrated aerospace ecosystem within Dubai South, has added another phase, a Suppliers Complex, to the development of its world leading ‘Aerospace Supply Chain’, offering maintenance and manufacturing solutions to meet all the practical aspects of the aviation and aerospace industries. The Dubai South Aerospace Supply Chain is a landside free zone development of multi-purpose ...
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ABU DHABI / WAM The latest edition of the OPEC World Oil Outlook predicts oil will remain the world’s largest source of energy over the next two decades, despite the increasing importance of renewables. Released in an exclusive briefing to senior industry executives at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), the latest edition of the World Oil ...
Read More »ABU DHABI / WAM Abu Dhabi Ship Building (ADSB) announced that it has expanded its services portfolio to the oil and gas industry. This is the company’s first foray outside of the naval, marine and defence sector, as it opens up to opportunities beyond its traditional industries of focus. Marking its business success and new direction, the company also revealed ...
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DUBAI / WAM Dubai International Financial Centre (DIFC) announced the launch of a $100 million FinTech-focussed fund to accelerate the development of financial technology by investing in start-ups from incubation through to growth stage, in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of DIFC. The fund was announced during ...
Read More »DUBAI / Reuters The United Arab Emirates’ military said on Tuesday it was buying laser guided bombs from US missile maker Raytheon Co. in a deal worth AED2.5 billion ($684.4 million). The GBU-10 and GBU-12 Paveway laser guided bomb kits were the largest part of AED3.34 billion in deals announced by the US ally at the Dubai Airshow. The UAE ...
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