ABU DHABI / WAM The International Petroleum Investment Company (IPIC), wholly owned by the Government of Abu Dhabi, has welcomed the new strategy announced by the Austrian’s OMV, an integrated international oil and gas company. Murtadha al-Hashemi, Chief Financial Officer, IPIC, and board member of the OMV, said that with the decline in oil prices, OMV faces difficulties, adding that ...

Dubai / Emirates Business DAMAC Properties has announced a major new project, destined to become another icon of Dubai’s real estate landscape. ‘AYKON City’ is a six tower luxury project comprising Dubai’s first all-suites, 80 storey AYKON Hotel and Residences, a 63 storey DAMAC Maison Serviced Hotel Residences, a 60 storey apartment tower, a 65 storey office tower and two ...

ABU DHABI / WAM The UAE ports are among the world’s largest ports in terms of advanced equipment, capabilities, shipping and unloading, Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority – Land and Maritime, has said. He added that the UAE has been ranked first at the Arab level and10th ...