News

Abu Dhabi / WAM National Petroleum Construction Company (NPCC) the nation’s leading energy sector Engineering, Procurement and Construction (EPC) major with a fast-growing global footprint of operations, has been ranked as the Top EPC Contractor in the Middle East by the leading industry magazine Oil & Gas Middle East. NPCC recorded this outstanding recognition, ahead of global EPC majors, underlining ...

Dubai / WAM Leading development experts, technology visionaries and government officials from some of the world’s most populous and resilient cities are set to gather virtually for Expo 2020 Dubai’s Urban and Rural Development Week to discuss the future of smart cities and sustainable habitats. Hosted by Expo 2020 and delivered in collaboration with the United Nations Human Settlements Programme ...

Emirates Business Agthia Group, a leading food and beverages company in the region, and part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, announced the group’s net revenue reached AED 492.1 million for the third quarter, a 1.2 growth verses Q3 2019. The increase ...

Abu Dhabi / WAM The UAE has expressed its strong condemnation and denunciation of the Iranian-backed Houthi terrorist militias’ attempt to target civilian areas in the Kingdom of Saudi Arabia with six bomb-laden UAVs that were intercepted by the Coalition Forces. In a statement, the UAE Ministry of Foreign Affairs and International Cooperation emphasised that the recent increase in Houthi ...

Bloomberg Saudi Arabia’s Red Sea Development Co plans to close on a 14-billion riyal ($3.7 billion) loan from five domestic banks by the end of the year as it steps up construction on a luxury tourism project about the size of Belgium, its chief executive said. The developer has been seeking financing since last year for the project, which stretches ...

Bloomberg Australia’s economy could contract by 6% over the next five decades if climate change goes unchecked, according to Deloitte Access Economics. That’s equivalent to a A$3.4 trillion ($2.4 trillion) loss in gross domestic product and 880,000 fewer jobs, Deloitte said in a report. The group said its modeling differs from others in setting a benchmark for growth which incorporates ...

Abu Dhabi / WAM Etihad Rail, the developer and operator of the national railway network in the UAE, has won the Gold Award for Best Practices for the year 2020 by the European Society for Quality Research (ESQR) in recognition of its outstanding achievements in following best-practices and results in quality management strategies. A total of 51 companies, public administrations ...

Abu Dhabi / WAM First Abu Dhabi Bank (FAB) announced complete digitisation of account opening process for Small and mid-size enterprises, SMEs, through the BASHER portal, becoming the first bank in the Middle East to achieve this milestone. The Government of the UAE represented by the Department of Proactive Services – Ministry of Possibilities, MoP, launched BASHER to simplify the ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) announced on Sunday that it has appointed Saeed Hamad Obaid Al Dhaheri as Chief Executive Officer (CEO). In a statement, ADX said, “Al Dhaheri brings a wealth of highly relevant experience that will support his new role as Chief Executive Officer of ADX, helping it further develop and move confidently into ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) said it carried out over 112,546 additional Covid-19 tests in the country over the last 24 hours, using the latest testing methods. The ministry said in a statement that the intense testing drive uncovered 1,278 new cases of various nationalities, who are all in a stable condition and receiving ...