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UAE to amend provisions of commercial transactions law

Abu Dhabi / WAM The UAE cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday approved the issuance of a federal decree-law to amend several provisions of the Federal Law On Commercial Transactions. The amendments include changing certain provision covering bounced cheques and the ...

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Adnoc awards $324m contracts to raise efficiencies at oil fields

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Monday the award of contracts worth $324 million (AED1.19 billion) to optimise onshore field operations and enhance efficiencies as it continues to invest responsibly to drive smart growth. Adnoc Onshore, a subsidiary of Adnoc, awarded the three contracts which will see the procurement and construction of flowlines ...

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ADFD supports Sudan with $556.5 million

Abu Dhabi / WAM Mohammed Saif Al Suwaidi, Director-General of the Abu Dhabi Development Fund (ADFD), stated that the fund, in cooperation with the Sudanese government, recently implemented an aid package worth around $556.5 million to support Sudan’s financial, economic, health, education, nutrition and agriculture sectors, as part of an overall Emirati grant worth $1.5 billion. In his statement to ...

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