Recent Posts

Dewa distributes cash dividends of AED3.1bn for H1

  Dubai / WAM Shareholders of Dubai Electricity and Water Authority (Dewa) PJSC, the emirate of Dubai’s exclusive electricity and water services provider, listed on the Dubai Financial Market (DFM), have approved the items on the company’s first general assembly agenda. The meeting, chaired by Matar Humaid Al Tayer, Chairman of the Board of Directors of Dewa, was attended by ...

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UAE cabinet approves AED252.3 billion federal budget

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE cabinet meeting at Qasr Al Watan Abu Dhabi, in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance; ...

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Adnoc awards AED5.62b contract to expand its offshore operations

Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) on Monday awarded a contract worth AED5.62 billion ($1.53 billion) to Adnoc Drilling. The award supports the expansion of Adnoc’s offshore operations and its objective to responsibly increase production capacity and meet the growing global demand for reliable, lower carbon-intensity oil and gas. Adnoc Offshore awarded the two-year contract which ...

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