Uncategorized

ABU DHABI/WAM Adnoc Gas has signed a 10-year Sales and Purchase Agreement (SPA) with GAIL India Limited, India’s largest natural gas company, to supply up to 0.52 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG), starting in 2026. The SPA converts the previous Heads of Agreement between Adnoc Gas and GAIL, announced in January, into a definitive ...

ABU DHABI/WAM Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the winners of the second edition of the Emirates Labour Market Award were honoured by HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ ...

ABU DHABI/WAM Dr Omar Habtoor Al Darei, Chairman of the General Authority of Islamic Affairs, Endowments and Zakat, conveyed the condolences and sympathy of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, to His Eminence Dr Ahmed El-Tayeb, the Grand Imam of Al-Azhar and Chairman of the Muslim Council of Elders, on the passing of his elder sister. ...

DUBAI / GULF TIME Dubai Taxi Company PJSC (DTC), reinforcing its position as Dubai’s largest taxi operator, has acquired another 250 new license plates for its taxi fleet in the recent auction by the Dubai Roads and Transport Authority (RTA), bringing its total taxi fleet to 6,210 vehicles. This expansion is set to generate additional annual revenues of approximately AED ...

ABU DHABI / WAM Lulu Retail Holdings, the largest and fastest growing pan-GCC full-line retailer, successfully commenced trading on the Abu Dhabi Securities Exchange (ADX) on Thrusday following its Initial Public Offering (IPO) and trading under the ticker “LULU”. Lulu’s IPO raised gross proceeds of AED 6.32 billion (around $1.72 billion) making it the largest offering in the UAE in ...

ABU DHABI / AD MEDIA OFFICE Department of Municipalities and Transport launches Innovative Future Hub to advance urban development. The Department of Municipalities and Transport (DMT) has launched its Future Hub, reinforcing Abu Dhabi’s global leadership in urban governance and affirming its role in driving its future-forward development. DMT’s Future Hub’s first collaboration is with MIT’s Senseable City Lab, a ...

ABU DHABI / WAM The Abu Dhabi Investment Authority (ADIA) on Thursday published its 2023 ADIA Review, providing a thorough overview of its activities over the past year and outlook for the year ahead. The 2023 ADIA Review includes a detailed analysis of market conditions across the many asset classes in which the authority invests and significant developments within each ...

DUBAI / WAM Hamdan Bin Rashid Al Maktoum Foundation for Medical and Educational Sciences participated in the 2024 Global Educational Supplies & Solutions (GESS) exhibition, held at the Dubai World Trade Centre. The audience explored models of projects and programmes implemented by the foundation to support excellence in medical and educational fields. The foundation’s booth showcased its international, regional, and ...

SHARJAH / WAM His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued a number of administrative decisions appointing individuals to key judicial responsibilities in the Emirate of Sharjah. The administrative decisions state the appointment of Judge Dr Muhammad Obaid Al Kaabi as Chairman of Sharjah Court. Additionally, Judge Ahmed Abdullah Al ...

ABU DHABI/WAM The General Pension and Social Security Authority (GPSSA) has signed a memorandum of understanding with the Etihad Credit Bureau, the data technology federal entity known to simply information and reveal powerful financial insights. The move aims to support UAE-based private sector employers in fulfilling their pension contribution obligations for Emirati employees. The partnership enables insight-driven decision making, as ...