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UAE ranked world’s largest aid donor for fifth straight year

ABU DHABI / WAM The UAE has been named the world’s largest donor of development assistance in proportion to its gross national income for the fifth year running, according to the Development Assistance Committee of the Organisation of Economic Cooperation and Development. The UAE exceeded the United Nations’ target of 0.7 percent official development assistance in proportion to its GNI ...

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Mubadala Petroleum inks gas contracts with Indonesia

ABU DHABI / WAM Mubadala Petroleum on Monday announced that it has signed the Production Sharing Contract (PSC) for Andaman I, as awarded by the Government of Indonesia in the 2017 Indonesian Licence Round. Mubadala Petroleum is the operator of the Andaman I PSC and a partner in the Andaman II PSC, operated by Premier Oil, which was also signed ...

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UAE labour market adds 5mn jobs

CAIRO / WAM The UAE labour market is one of the most flexible markets at the regional and global scale, securing jobs to more than five million people from different nationalities in 2017 and receiving 1.35 million highly skilled workers for the private sector, stated Nasser bin Thani Al Hamli, UAE Minister of Human Resources and Emiratisation. According to the ...

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