ABU DHABI / WAM Mubadala Petroleum announced that it has completed the acquisition from Italy’s Eni of a 20 percent participating interest in the Nour North Sinai Offshore Area (Nour) concession, an offshore exploration block in Egypt. In the concession, which is in participation with Egyptian Natural Gas Holding Company (EGAS), Eni as operator through its subsidiary (IEOC) now holds ...

SEOUL / WAM The UAE Ministry of Economy has signed a Memorandum of Understanding, MoU, with the South Korean Intellectual Property Office, which stipulates that the latter will serve as the “International Research Administration” and the “International Preliminary Examining Service for International Patent Applications in the UAE,” under the WIPO Patent Cooperation Treaty. Both sides also signed another MoU related ...

Abu Dhabi / WAM Central Bank of the UAE (CBUAE), has issued a circular to banks regarding the issuance of cheque books as part of its ongoing efforts to improve responsible lending practices by banks. Before issuing customers with cheque books, banks are now required to carry out checks with the Al Etihad Credit Bureau (AECB), to ensure the creditworthiness ...