ABU DHABI / WAM Burjeel Holdings on Monday announced its intention to list 11 percent of its share capital on the main market of the Abu Dhabi Securities Exchange (ADX). The subscription period for the listing will open on Friday September 30 and close on Tuesday October 4. The company intends to list on ADX on Monday October 10. ...
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ABU DHABI / WAM Adnoc Drilling Company announced it has signed a sale and purchase agreement (SPA) to acquire two additional premium offshore jack-up drilling units. The two new rigs have a combined cost of AED514.22 ($140 million) and will join the Adnoc Drilling fleet and commence operations by the end of 2022. The acquisition, which underpins the company’s ...
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ABU DHABI / WAM AD Ports group’s Safeen Feeders and Saif Powertec Limited signed a charter agreement that will see Safeen Feeders purchase and charter out three containerships, to support expansion of the Bangladesh-based entity into the container shipping segment. Under the terms of the agreement, Safeen Feeders will charter an initial three vessels to Saif Powertec at pre-agreed ...
Read More »Sharjah / WAM Arada has announced the launch of Arada Central Business District (CBD), a new commercial centre for Sharjah, which will be located at the heart of Aljada community. Spread over 4.3 million square feet of prime leasable space located in 40 smart office blocks, Arada CBD has the capacity to accommodate 20,000 workers, fulfilling the substantial demand ...
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ABU DHABI / WAM AD Ports group’s Safeen Feeders has announced the signing of a major agreement with Invictus Investment to launch a new international dry bulk shipping service. Under the terms of the agreement, the two companies will purchase ships through Special Purpose Vehicles, owned 85% by Safeen Feeders and 15% by Invictus Investment. In addition, Safeen Feeders ...
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ABU DHABI / WAM The United Arab Emirates and the Sultanate of Oman relations are deep-rooted based on historical ties, social rapprochement, and the aspirations of the two countries’ leadership to foster their cooperation further to ensure continuous development of their inter-relationships for the benefit of the two brotherly peoples. The two countries have close relations at various levels ...
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ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, received on Monday, Lieutenant-General Mohammed Zaki, Commander-in-Chief of the Egyptian Armed Forces and Egypt’s Minister of Defense and Military Production, during his official visit to the UAE. The visit is part of the ongoing cooperation between the two countries with the aim of discussing ...
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DUBAI / WAM DP World announced that its terminal at London Gateway has handled its 10 millionth container, just nine years after the smart logistics hub on the doorstep of the capital opened for business. The milestone illustrates the remarkable track record of growth at London Gateway, which last year transported 1.8m TEU, an increase of almost 650 percent compared ...
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Sharjah / WAM Arada has announced the launch of Arada Central Business District (CBD), a new commercial centre for Sharjah, which will be located at the heart of Aljada community. Spread over 4.3 million square feet of prime leasable space located in 40 smart office blocks, Arada CBD has the capacity to accommodate 20,000 workers, fulfilling the substantial demand ...
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Abu Dhabi / WAM The Ministry of Energy and Infrastructure (MoEI), announced that it had signed an agreement with GHD Group, in partnership with the Germany-based Fraunhofer–Gesellschaft, to develop its National Hydrogen Strategy. As part of the UAE’s Hydrogen Roadmap and the ongoing commitment to decarbonisation and energy transition, the National Hydrogen Strategy will help establish the UAE’s hydrogen vision ...
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