Abu Dhabi / WAM Adnoc Drilling Company PJSC (Adnoc Drilling) on Wednesday announced that it has signed an agreement to acquire an additional two premium high-specification Gusto MSC CJ46-X100-D design offshore jack-up drilling units. The rigs have a combined cost of $200 million. The acquisition is part of the company’s fleet expansion and growth strategy that is a key ...
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Dubai / WAM The Dubai Foundation for Women and Children (DFWAC) has launched “mobile rehabilitation services” initiative to offer mobile services through home, school, and business visits by the care and rehabilitation department, to ease customer access to the foundation’s services. The initiative will help women and children who have fallen victims to domestic abuse or human trafficking, ...
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Dubai / WAM A new AI-powered mobile application for detecting crop disorders was unveiled by Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, during a ceremony at the headquarters of the International Center for Biosaline Agriculture (ICBA). Called Dr Nabat, the application is a result of collaboration between ICBA and the University of Barcelona, Spain, under a ...
Read More »Sharjah / WAM Ambassador of Pakistan in the UAE Faisal Niaz Tirmizi has highlighted friendly economic policies, investment opportunities and ease of doing business in Pakistan. This came during his meeting with Abdullah Sultan Al Owais, Chairman of Sharjah Chamber of Commerce and Industry and Expo Center Sharjah. Ambassador Tirmizi invited the chamber’s investment in hospitality and tourism sectors ...
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Dubai / WAM In line with Dubai’s drive to become the world’s smart mobility hub, Dubai South on Wednesday signed a memorandum of understanding (MoU) with Evocargo for the launch of the UAE’s first autonomous vehicle trials for cargo at the master development’s Logistics District. The trials will see EVO.1, Evocargo’s unmanned electric logistics vehicle, navigate Dubai South’s Logistics ...
Read More »Dubai / WAM Chairman of the UAE Banks Federation (UAEBF), Abdulaziz Al Ghurair, said that the UAE banking and financial sector has successfully addressed the numerous geopolitical and economic developments and changes that over the recent years have posed challenges to the global economy. He made the statements as he addressed the fourth meeting held by the CEOs of the ...
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Dubai / WAM Li Xuhang, Consul-General of the People’s Republic of China, on Tuesday rang the market opening bell to celebrate the listing of $300 million bonds on Nasdaq Dubai. This is the second time that the Bank of China is listing its bonds on the region’s international financial exchange, following the listing of CNH 2 billion bonds in 2015. ...
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Sharjah / WAM Beeah group, the Middle East’s sustainability pioneer, Chinook Sciences, UK’s innovator in waste to fuel technologies, and Air Water, a Japanese conglomerate with businesses relating to natural resources and industrial gas production, signed an MoU to produce fuel cell grade hydrogen from waste wood and plastic. The MoU signed in Japan is a first step in forming ...
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Abu Dhabi / WAM The Federal Tax Authority (FTA) has launched its strategy to explore the future of the tax sector and strive for world-leading tax procedures. The strategy is built on a thorough assessment and follows comprehensive plans developed to map out the future of the UAE tax system, in line with international best practices. In a press ...
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Dubai / WAM Dubai real estate market recorded 385 sales transactions worth AED936.65 million, in addition to 98 mortgage deals of AED186.25 million, and 41 gift deals amounting to AED131.82 million on Tuesday, data released by the Dubai’s Land Department (DLD) showed. The sales included 358 villas and apartments worth AED691.86 million, and 27 land plots worth AED244.79 million, ...
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