Abu Dhabi / WAM The Ministry of Finance has welcomed the European Union’s decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the State has been adhering to, and will continue to do so, locally and internationally. Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance, said, “The European Union’s ...

Abu Dhabi / WAM The National Petroleum Construction Company (NPCC), part of Senaat Abu Dhabi, has won an Engineering, Procurement, Construction (EPC) contract for 5 Well Platforms and Pipeline for Ratna field from ONGC as part of offshore oil and gas infrastructure development on the west coast of India. This contract includes survey, design, engineering, procurement, fabrication, load out, transportation, ...

Bloomberg Emirates, the world’s biggest airline by international traffic, has mandated eight banks including HSBC Holdings Plc and Standard Chartered Plc to manage a sale of Islamic bonds, according to two people with knowledge of the transaction. The Dubai government-owned carrier also picked Citigroup Inc, BNP Paribas SA, Emirates NBD PJSC, Dubai Islamic Bank PJSC, Abu Dhabi Islamic Bank PJSC ...