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Adnoc awards $1.5bn concession to Cepsa

Adnoc signs offshore concession deal with spanish firm copy

Abu Dhabi / WAM On behalf of the Abu Dhabi Government, the Abu Dhabi National Oil Company (Adnoc) on Sunday signed an agreement with Cepsa, a Spanish integrated oil and gas company, awarding it a 20 percent stake in Abu Dhabi’s offshore SARB and Umm Lulu concession. The choice of Cepsa, which is wholly-owned by Abu Dhabi’s Mubadala Investment Company ...

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Careem plans foray into food delivery

DUBAI / Reuters Careem said on Sunday it had acquired RoundMenu and would start trialing food delivery services through the restaurant listing and reservation online platform this month. The Dubai-based ride hailing firm acquired the website and app for an undisclosed sum. “Careem will begin testing a delivery capability for RoundMenu customers on a small scale later this month,” it ...

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UAE to track fall of Chinese space debris

Abu Dhabi / WAM The UAE Space Agency and the International Astronomical Centre (IAC) announced a joint campaign to monitor China’s Tiangong-1 Space Laboratory as it falls back to Earth. The fall is expected to take place in mid-March in areas between 43 degrees north and south latitude, which include most of the Arab region. The UAE Space Agency confirmed ...

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