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UAE-China trade up 28% to $64b in 8 months of ’22

Abu Dhabi / WAM  UAE-China bilateral trade has exceeded $64 billion during the first eight months of 2022, which marked a 27.93 percent increase compared to the same period last year, a top Chinese diplomat told the Emirates News Agency (WAM) “China has become the UAE’s largest non-oil trading partner in the world, and the UAE remained China’s second-largest trading ...

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Adnoc Refining signs deal to sell waste management operations

Abu Dhabi / WAM     Adnoc Refining, a joint venture company between the Abu Dhabi National Oil Company (Adnoc), Eni, and OMV, announced on Thursday that it has entered into a strategic agreement with ADQ, an Abu Dhabi-based investment and holding company, Veolia Middle East (Veolia), and Vision International Investment Company (Vision Invest) to acquire its waste management operations in Al ...

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Fertiglobe announces 84% boost in Q3 profit

Abu Dhabi / GULF TIME Fertiglobe, the strategic partnership between Adnoc and OCI, the world’s largest seaborne exporter of urea and ammonia combined, the largest nitrogen fertiliser producer in the Middle East and North Africa (Mena) region, and an early mover in clean ammonia, on Thursday reported that its Q3 2022 revenues increased 52% year-on-year to $1.32 billion, while adjusted ...

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