News

Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Monday awarded a contract worth AED5.62 billion ($1.53 billion) to Adnoc Drilling. The award supports the expansion of Adnoc’s offshore operations and its objective to responsibly increase production capacity and meet the growing global demand for reliable, lower carbon-intensity oil and gas. Adnoc Offshore awarded the two-year contract which ...

  Abu Dhabi / WAM Burjeel Holdings PLC listed on Monday on the Abu Dhabi Securities Exchange (ADX), following the completion of its initial public offering (IPO). The IPO, which raised gross proceeds of more than AED1.1 billion for the offering of 11 percent of the company’s total issued share capital, attracted total gross demand of more than AED32.0 billion ...

Abu Dhabi / WAM COP 28, the UN conference on climate change to be hosted by the UAE next year, will be a significant one, as it will mark the first global stocktake of climate progress since the Paris Agreement, a top US official told the Emirates News Agency (WAM), adding that the UAE’s leadership in global climate action is ...

  Dubai / WAM The Ministry of Human Resources and Emiratisation’s (MoHRE) participation at Gitex Global, the world’s largest tech show that is being held this year until October 14, in the Sheikh Saeed Hall at the Dubai World Trade Centre, will revolve around showcasing its latest smart systems, including the rapidly-updated MoHRE app. In line with its directives to ...

  Abu Dhabi / WAM The 7th edition of the International Exhibition of National Security and Resilience (ISNR Abu Dhabi 2022) opened on Monday under the patronage of HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior. The exhibition is organised by Adnec group in cooperation with the Ministry of Interior and ...

  Dubai / WAM The Sharjah Commerce and Tourism Development Authority (SCTDA) is harnessing the power of emerging technologies to enrich user experience with the launch of its innovative AI- and Metaverse-based projects at Gitex Global 2022, an inclusive tech show that brings together enterprises, governments, startups, investors, coders, academia and youth. Announcing the launch at a press conference at ...

  Bloomberg Meta Platforms Inc. said it would notify roughly 1 million Facebook users that their account credentials may have been compromised due to security issues with apps downloaded from Apple Inc. and Alphabet Inc.’s software stores. The company announced that it identified more than 400 malicious Android and iOS apps this year that target internet users in order to ...

  Bloomberg The UK needs to cut 200,000 government jobs over the next couple of years to avoid adding billions to the national debt, according to the Institute for Fiscal Studies (IFS). Public-sector wages are on track to increase 5% this year, around half the current rate of inflation but higher than budgeted when spending plans were drawn up in ...

  Bloomberg The US trade deficit shrank for a fifth month in August to the smallest in more than a year, reflecting a decline in the value of imports that’s poised to lend support to economic growth in the third quarter. The trade gap in goods and services narrowed by $3.1 billion, or 4.3% from a month earlier, to $67.4 ...

  Bloomberg Toronto home prices dipped again in September and have now fallen as much as 17% from their spring peak, as evidence grows that buyers and sellers are growing wary of doing deals. The benchmark price for a home in Canada’s largest city fell a further 1.2% from August, adding to the string of declines that began in April, ...