News

DUBAI / WAM Drydocks World, the service provider to the marine, offshore, oil, gas and renewable energy sectors, has signed a contract with Petrofac and end-client TenneT to carry-out the construction of a High Voltage Alternating Current (HVAC) Transformer Station Topside, named Hollandse Kust Zuid Alpha. The HVAC platform will be part of a renewable energy wind farm, located in ...

ABU DHABI / WAM The United Arab Emirates continues to send aid convoys carrying all essential items, including medical supplies, to the Yemeni governorate of Dhale through the Emirates Red Crescent (ERC). An ERC volunteer team oversaw the distribution of the relief convoys in the presence of Major General Ali Muqbel, Governor of Dhale, who appreciated the UAE’s continuous support ...

ABU DHABI / WAM Abu Dhabi Commercial Bank (ADCB) on Sunday reported its half-year financial results for 2019, with a net profit of AED2.782 billion. According to a statement, the financial results are based on six-month pro-forma financial statements for the combined entity, following the merger between ADCB and Union National Bank (UNB) and the subsequent acquisition of Al Hilal ...

Bloomberg Almost three months after their trade talks broke down in acrimony, Chinese and American negotiators meet again in Shanghai this week amid tempered expectations for breakthroughs in their yearlong trade war. Two days of talks are scheduled to restart on Tuesday after an uneasy truce reached by Presidents Donald Trump and Xi Jinping on the sidelines of the Group ...

Bloomberg Saudi Basic Industries Corp. has no interest in taking over Clariant AG after the chemicals makers last week halted talks on their high-performance plastics venture, the company’s chief executive officer said. “Our investment in Clariant is a strategic investment, we’re going to continue to look at this investment as a growth opportunity,” Yousef Abdullah Al Benyan told reporters in ...

ABU DHABI / WAM Aldar Properties on Sunday provided its latest quarterly update on projects under development across its key destinations in Abu Dhabi. According to a statement issued by the company, work on infrastructure in Alreeman, a residential and commercial investment zone in the Alshamkha, which was launched earlier this year, commenced in July following the appointment of Tristar ...

Emirates Business Careem and National Bank of Kuwait (NBK) on Sunday announced a partnership that will see NBK manage the collection of Careem customer payments. The partnership will facilitate the backend collection of Careem customer payments though NBK. “Through our new partnership with NBK, Careem customer payments will now be collected via NBK. We are delighted to join forces in ...

ABU DHABI / WAM The Department of Culture and Tourism — Abu Dhabi has continued its strategic support for the hospitality industry by conducting a second series of workshops as part of the rollout for the ‘Ghadan 21’ government accelerator programme. The workshops hosted leaders from all of Abu Dhabi’s hotels to help bring the hospitality industry up to speed ...

ABU DHABI / WAM The Abu Dhabi Department of Community Development (DCD) said that 92 percent of customers were satisfied with the services provided by agencies working in the community development sector, while another 92 percent of complaints were resolved out of 468 total complaints received during the first half of this year. The department also revealed that the rate ...

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada) revealed that work of Federal Supreme Court Building project is progressing as planned and in line with the agreed schedule at a cost of nearly AED159.5 million. Comprising a total built-up area of 25,000 square metres, the project completion percentage currently stands at 85 percent, said a Musanada press release ...