Abu Dhabi / WAM The China National Petroleum Corporation (CNPC), the world’s third largest oil company, has been awarded stakes in two of Abu Dhabi’s offshore concession areas following the signing of agreements with the Abu Dhabi National Oil Company (ADNOC) on Wednesday. Under the terms of the agreements, CNPC, through its majority-owned listed subsidiary PetroChina, has been granted a ...

ABU DHABI / AGENCIES President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued, in his capacity as the Ruler of Abu Dhabi, a law restructuring Abu Dhabi Investment Council (ADIC) whereby it will become part of the Mubadala Investment Company group. Abu Dhabi is combining two of its investment firms to create a wealth fund with assets of ...

Abu Dhabi / WAM Driven by the strategic partnership between Aldar and Emaar, the largest property companies on the local market, the UAE stocks posted AED5 billion gains. The DFM General Index closed on a high note of 3206 points, 00.75% up from the last traded session, with ADX General Index following suit at 4566 points, 0.91% higher than Tuesday. ...