News

SINGAPORE / WAM A high-level delegation headed by Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (Dewa) visited Singapore to promote joint relations and exchange of best global experie- nces and practices in renewable and clean energy and sustainability. During the visit, Al Tayer met with Masagos Zulkifli, Singapore’s Minister of Environment and Water ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Abu Dhabi Executive Council, has issued a decision to establish the Abu Dhabi School of Government’s Board of Trustees, which is to be chaired by Sara Awad Issa Musallam. The decision ...

ABU DHABI / WAM National Petroleum Construction Company (NPCC), in conjunction with its joint venture (JV) partner Petrofac, has secured a new contract with Al Yasat Petroleum, an Adnoc Group company, and JV with CNPC. According to a statement, NPCC and Petrofac will provide front end engineering design (Feed) services for the Belbazem Block Development Project, located offshore Abu Dhabi. ...

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 ...