Bloomberg General Electric Co.’s new boss wants to reassure shell-shocked investors that he knows just how tough the past year has been — and that he has a plan to turn things around. In his first annual shareholder letter, Chief Executive Officer Larry Culp outlined his priorities as he tries to pull the iconic manufacturer out of a tailspin. After ...
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SEOUL / WAM During an official visit to the Republic of Korea by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the Abu Dhabi National Oil Company (Adnoc) has signed three framework agreements with Korean energy companies. The agreements will explore upstream exploration and production opportunities, ...
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ABU DHABI / WAM Mubadala Petroleum has announced that it signed the Production Sharing Contract (PSC) together with its partner PTTEP Energy Development Company Limited (PTTEP ED), a subsidiary of PTT Exploration and Production Public Company Limited, for offshore Block G1/61 containing the Erawan producing gas field in Thailand. The current Block G1/61 concession will expire in April 2022 and ...
Read More »BELGRADE / WAM President Aleksandar Vucic of Serbia has opened the textile factory ‘Armis Luss Protect’ textile factory in the Raska District. The factory was funded by the Khalifa bin Zayed Al Nahyan Foundation. The opening ceremony was attended by the UAE Ambassador to Serbia Mubarak Saeed Ahmed Barasheed Al Dhaheri. The Serbian President thanked the UAE and the Khalifa ...
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ABU DHABI / Emirates Business Emirates Steel, the only integrated steel plant in the UAE, and a subsidiary of the General Holding Corporation (Senaat), announced an outstanding set of financial results for 2018. Emirates Steel achieved AED 7.5 billion in revenue in 2018, an increase of 15% as compared to AED 6.6 billion in 2017. In addition, Emirates Steel delivered ...
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ABU DHABI / WAM Construction works have begun on the UAE pavilion at Expo 2019 Beijing Horticulture announced the National Media Council (NMC), on Tuesday. Taking place from April 29 to October 7, the expo will be held under the theme ‘Live Green, Live Better’ with more than 110 countries and international organisations participating. The NMC is set to shed ...
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Seoul / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday visited the Seoul National Cemetery at the beginning of his official visit to the Republic of Korea. The visit to the memorial began with a flag-saluting ceremony. His Highness then laid a wreath ...
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DUBAI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance, and President of the Dubai Health Authority, on Tuesday officially opened the 24th edition of Dubai International Pharmaceutical and Technology Conference and Exhibition (Duphat), at the Dubai International Convention and Exhibition Centre. Running until February 28, Duphat brings together leading pharmaceutical experts, industry ...
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Abu Dhabi / WAM The Emirates Red Crescent (ERC), opened the final phase of the Sheikh Khalifa’s Residential City for those affected by the floods that swept through the Hadramaut Governorate in Yemen during the past years. The move follows the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan. The city consists of 607 housing units in ...
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ABU DHABI / WAM Borouge awarded TechnipFMC, Maire Tecnimont, and WorleyParsons, three major contracts for the fourth phase of the Ruwais petrochemicals complex which will include the world’s largest mixed feed cracker. In a ceremony held in Abu Dhabi, Borouge signed Front-End Engineering and Design (FEED), contract, Project Management Contract (PMC), and a licence contract associated with the mixed feed ...
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