ABU DHABI/WAM  Adnoc Logistics and Services plc on Wednesday announced the completion of its acquisition of an 80% stake in Navig8 TopCo Holdings Inc (Navig8) for $1.04 billion (AED3.8 billion), with a contractual commitment to acquire the remaining 20% in mid-2027. Navig8 is an international shipping pool operator and commercial management company with a modern-owned fleet of 32 tankers and …

ABU DHABI/WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, received on Wednesday in Abu Dhabi Acting Foreign Minister of Afghanistan, Mawlawi Amir Khan Muttaqi. The UAE Top Diplomat welcomed the Afghan Minister, affirming the UAE’s commitment to supporting the friendly Afghan people in achieving their aspirations for stability, development, and prosperity, as …

ABU DHABI/WAM The General Pension and Social Security Authority (GPSSA) has announced the conclusion of the extended period for paying contributions for October and November 2024, as previously communicated to UAE-based entities. Employers were previously exempted from late payment fees for October and November. The GPSSA urged employers to pay contributions promptly to avoid penalties. For October 2024, the Ma’ashi …