Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced the award of a dredging, land reclamation and marine construction contract to build multiple artificial islands in the first phase of development of the Ghasha Concession. The contract awarded to the UAE’s National Marine Dredging Company (NMDC) is valued at AED5 billion ($1.36 billion) and will ...

DUBAI / WAM Nasser bin Thani Al Hameli, Minister of Human Resources and Emiratisation, met Zulfiqar Hussain Bukhari, Special Assistant to Prime Minister for Overseas Pakistanis and Hum-an Resource Development. The two sides re-affirmed their countries’ commitment towards developing the historic ties between the two nations in terms of work force. The meeting touched on the country’s strategic policies and ...

Bloomberg Oil steadied below $54 a barrel as signs of weakening economic growth from Europe to the US and a reported increase in American crude stockpiles were offset by supply curbs from Opec and its allies. Futures in New York fell as much as 1.5 percent before paring losses. Growth concerns were fueled by a drop in German factory orders, ...