DHAHRAN / AGENCIES Saudi Arabian Oil Company, Saudi Aramco, has completed, through its subsidiary Aramco Overseas Company, the acquisition of 17 percent of Hyundai Oilbank from Hyundai Heavy Industries Holdings, for approximately $1.2 billion. The completion follows receipt of all necessary regulatory consents and approvals. According to a statement issued by the company, the investment in South Korea’s Hyundai Oilbank ...

DUBAI / WAM The UAE ranked first in Middle East and North Africa region this year in “National Trademark Report 2019,” issued by Brand Finance. The report tracks the most valuable and most influential national brands from the world’s top 100 countries and measures their strength and value, with a focus on goods, services, investment and society. The UAE is ...

ABU DHABI / WAM The Abu Dhabi Airports Free Zone (ADAFZ), Authority, a wholly-owned subsidiary of Abu Dhabi Airports, signed an expansive 27-year Musataha Agreement with Middle East General Enterprises (MGE), to facilitate the presence of DHL Express in the ADAFZ. The move is in line with the Abu Dhabi strategic logistics plan resulting from ADAFZ’s commitment to providing world-class ...