Bloomberg Reliance Industries Ltd.’s talks to sell a minority stake in its oil-to-chemical division to Saudi Aramco have been gathering pace in recent weeks, according to reports. Aramco officials and bankers on the deal have been working at Reliance’s offices in Mumbai for due diligence this month, according to the people, who asked not to be identified as the information ...
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ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Tuesday it has awarded two contracts for the construction of offshore facilities for the Dalma Gas Development Project located about 190 kilometres northwest of Abu Dhabi city. The Dalma project is a key part of the Ghasha ultra-sour gas concession which is central to Adnoc’s strategic objective ...
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Bloomberg Oil fell, snapping a five-day rally, amid renewed fears over the impact on the global economy and fuel demand from Asia’s deadly coronavirus. Brent futures fell 2.3% to trade near $56 a barrel in London, slipping with equity markets as Apple Inc. warned it will fail to meet sales targets this quarter because of disruption from the virus. Chinese ...
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DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said the Hope Probe is a testament to the capabilities of the youth of the UAE. “The project, which represents a historic achievement for the nation, also sends a message of hope to youth in the Arab ...
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Sharjah / WAM The Sharjah FDI Office (Invest in Sharjah), operating under the Sharjah Investment and Development Authority, Shurooq, in collaboration with the Korea International Trade Association (KITA), organised a Sharjah-Korea Business Roundtable at the Sharjah Chamber of Commerce and Industry (SCCI), to explore greater economic ties and synergies between Sharjah and Korea. The meeting also introduced emerging prospects and ...
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ABU DHABI / WAM Etihad Airways, the national airline of the UAE, will operate a daily scheduled flight between the Emirate of Abu Dhabi’s second largest city, Al Ain, and Jeddah in Saudi Arabia during the last ten days of Ramadan. The airline announced in a statement that it will operate the flights from May 14-23. This flight route was ...
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ABU DHABI / WAM The Abu Dhabi National Exhibitions Company (Adnec), announced that final preparations for the 4th edition of Unmanned Systems Exhibition (Umex 2020), and Simulation and Training Exhibition (SimTEX 2020), have been completed. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE ...
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DUBAI / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – participated in the official opening of TRIGEM’s Charlotte Boiling facility. TRIGEM is a diamond services provider based in DMCC. The new facility is located in the heart of Dubai’s diamond hub, the Jewellery and Gemplex Building at Jumeirah Lakes ...
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ABU DHABI / WAM The Women’s Forum for the Economy and Society, the world’s leading platform bringing a gendered perspective to major social and economic issues, has announced that the Women’s Forum Middle East is set to take place on March 7-8, 2020, at Louvre Abu Dhabi and Sorbonne Abu Dhabi. The event is held under the patronage of HH ...
Read More »Bloomberg The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi announced that 2.3 million transport-related transactions were completed in 2019, a 39 percent increase compared to 2018. According to the ITC’s 2019 achievements, the centre added a number of new services in 2019, such as the People of Determination parking permit, traffic management permit ...
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