ABU DHABI / WAM On the occasion of visit of South Korean President Moon Jae-in the UAE, Abu Dhabi National Oil Company (Adnoc) announced signing of two major contracts between Adnoc Refining and Samsung Engineering Co Ltd, worth a total value of over $3.5 billion. The signing of the agreements was witnessed by Dr Sultan bin Ahmad Sultan Al Jaber, ...
Read More »ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry and the Korean International Trade Alliance (KITA) on Monday signed a Memorandum of Understanding (MoU). The MoU was signed by Mohammed Hilal Al Muhairi, Director-General of Abu Dhabi Chamber, and Kim Young Ju, CEO of KITA. Al Muhairi said that KITA is a leading institution with thousands of ...
Read More »DUBAI / Reuters Private equity firm Abraaj Group is considering selling part of its investment management business as it seeks to stem the fallout from a dispute with investors in one of its funds, sources said. Dubai-based Abraaj is in early stage talks with several possible buyers, the sources said, with one source saying Abu Dhabi Financial Group was among ...
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Abu Dhabi / WAM The total assets of UAE Central Bank rose to AED398.6 billion in twelve months until February 2018, up by more than AED33.78 billion. The assets were AED 364.82 billion in the same period of 2017, according to the Central Bank Bulletin. The Central Bank’s balance sheet went up by AED 7 billion in February, from a ...
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Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Moon Jae-in of South Korea visited the Barakah Nuclear Energy Plant in Al Dhafra Region to celebrate the successful completion of Unit 1 construction. During the ceremony, both leaders highlighted the importance ...
Read More »Dubai / WAM The Ministry of Education has signed a Memorandum of Understanding (MoU), with the Ministry of Commerce, Industry and Energy of South Korea, with the aim of promoting mutual academic cooperation related to microelectronics and semiconductors, which will promote the development of the UAE’s education system, support its leadership, and accelerate its development in science and technology. The ...
Read More »Dubai / Emirates Business The Board of Directors of the UAE Banks Federation (UBF) held its first meeting of the year on Monday, in Dubai, to discuss and review current initiatives and priorities for 2018. Presided over by HE Abdul Aziz Al Ghurair, Chairman of the UAE Banks Federation, the meeting discussed the latest developments in the banking sector and ...
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Dubai / Emirates Business Dubai Land Department (DLD) and its affiliates on Monday announced that they have received the ISO 22301:2012 International Standard for Business Continuity Management System (BCMS) certificate. The announcement was made during the closing session of the external audit, which saw the department passing all of the certificate’s scrupulous evaluation standards. Sultan Butti bin Mejren, Director General ...
Read More »Abu Dhabi / WAM The official UAE Government portal has seen a steady increase in the number of its visitors, achieving an upward growth as the number of visitors has doubled seven times in almost a year since its launching in April 2014. By mid-March 2018, the portal had about three million visits in total, while the number of portal ...
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Sharjah / WAM Air Arabia received the ‘Corporate Editor Choice Award’ at the 2018 Air Transport Awards organised by Air Transport News (ATN), in Dubai. The award is a demonstration of Air Arabia’s continued commitment to passenger satisfaction and development within the industry. Air Arabia received the award at the Air Transport Awards, which remains the only international prize that ...
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