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Adnoc to use drones in search for new oil and gas resources

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), in collaboration with France’s Total, is to deploy drones and unmanned vehicles to collect 3D seismic data as it expands its search for new oil and gas resources throughout the emirate of Abu Dhabi. It will be the first time, in the region, the technology has been used to ...

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Saudi’s Dar Al-Arkan lists $600mn sukuk on Nasdaq Dubai

Dubai / WAM Yousef bin Abdullah Al-Shalash, Chairman of Dar Al-Arkan Real Estate Development Company of Saudi Arabia, on Wednesday rang the market opening bell at Nasdaq Dubai to celebrate the listing of a $600 million sukuk. The listing supports the accelerating development activities of Dar Al-Arkan, one of the Middle East’s leading real estate developers, said a press release ...

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Adnoc Distribution, ADCB partner for ‘virtual accounts’

ABU DHABI / WAM Adnoc Distribution and Abu Dhabi Commercial Bank (ADCB), have entered into an agreement for ADCB’s digital banking solution, Virtual Accounts. The Virtual Accounts solution is enabling Adnoc Distribution to have tighter control of their cash management and better liquidity by speeding up the accounts receivable process. ADCB was the first local UAE bank to launch Virtual ...

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