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Helmerich & Payne plans to invest $100 million in Adnoc Drilling IPO

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ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) and its subsidiary Adnoc Drilling Company (Adnoc Drilling) and Helmerich & Payne, Inc (H&P), a provider of rig technologies and drilling solutions, jointly announced on Wednesday a strategic alliance, that will see Adnoc Drilling acquire eight FlexRig land rigs from H&P for $86.5 million. Following this transaction, H&P will make ...

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Adex, RAK Chamber sign deal to support Emirati exporters

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Abu Dhabi / WAM The Abu Dhabi Exports Office (Adex), the export-financing arm of the Abu Dhabi Fund for Development (ADFD), has entered into a strategic partnership with Ras Al Khaimah (RAK) Chamber of Commerce and Industry as part of its efforts to support Emirati exporters and build a diverse and sustainable national economy. Both parties formally sealed their cooperation ...

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UAE sends 100,000 Covid-19 vaccine doses to Mauritania

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Abu Dhabi / WAM The UAE has dispatched an aircraft carrying 100,000 doses of the Covid-19 vaccine to Mauritania to help curb the spread of the virus and support Mauritania’s efforts to accelerate its recovery. Additionally carrying 15 metric tonnes of medical supplies, the aircraft is the fifth of its kind to be sent to Mauritania. Hamad Ghanem Al Mehairi, ...

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