News

  ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc) and Abu Dhabi National Energy Company PJSC (Taqa) on Friday announced the successful financial closing of their $3.8 billion strategic project to power and significantly decarbonise Adnoc’s offshore production operations. Together with a consortium comprised of Korea Electric Power (KEPCO), Kyushu Electric Power Company (Kyuden) and Electricité de France ...

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, have sent messages of congratulations to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, on the occasion of the Kingdom’s 92nd ...

  ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) announced an increase in the value of shares owned by Saudi investors, totalling AED5.627 billion at the beginning of September, representing 25 percent of the total shares owned by Arab and Gulf Cooperation Council (GCC) investors, and amounting to AED22.897 billion. In its statement to the Emirates News Agency ...

  ABU DHABI / WAM The UAE’s Ministry of Industry and Advanced Technology (MoIAT) on Friday signed a memorandum of understanding (MoU) with the American National Standards Institute (ANSI) with the aim of lowering trade barriers and promoting economic growth. The MoU was signed during the ISO Annual Meeting 2022, which is taking place in Abu Dhabi this week. The ...

ABU DHABI / WAM Borouge petrochemical company on Friday announced the General Assembly approval for its 2022 interim dividend payment of US$325 million (AED1.2 billion) equivalent to 3.97 fils per share. The interim dividend will be paid to shareholders of record on 3rd October 2022 and is the first payment of the expected total FY 2022 dividend of $975 million ...

  AJMAN / WAM Saudi Arabia is the second leading destination of Ajman’s exports, which totalled some AED155 million in the first half of 2022. Fish, mineral fuels, plastics, and their products were the top export products. On the occasion of Saudi Arabia’s National Day, a report by the Department of Economic Development-Ajman showed that the total number of licences ...

  ABU DHABI / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that the start-up of Unit 3 of Barakah Nuclear Energy Plant contributes to achieving one of the most important objectives of the UAE vision and strategy for the energy sector by playing a key role in promoting the transition to safe and environmentally friendly ...

  ABU DHABI / WAM Borouge petrochemical company on Friday announced the General Assembly approval for its 2022 interim dividend payment of $325 million (AED1.2 billion) equivalent to 3.97 fils per share. The interim dividend will be paid to shareholders of record on October 03 and is the first payment of the expected total FY 2022 dividend of $975 million ...

  ABU DHABI / WAM The UAE, through its humanitarian bodies and in cooperation with the Somali Disaster Management Authority (SoDMA) and other authorities, continues to distribute aid to the local population and displaced people in areas most affected by the drought, including Mahas and Mataban regions in Hiran Governorate, Hirshabelle State. This aid is part of efforts to distribute ...

  ABU DHABI / WAM The Abu Dhabi Quality and Conformity Council (QCC) has launched an updated version of the Abu Dhabi Guide for Infrastructure Services at the “Partners Forum” 2022 with modifications and adding 30 sub-directories bringing the total number of technical documents in the Guide to 160. The Partners Forum 2022 was organised in Abu Dhabi, with the ...