Recent Posts

Aldar to take over Abu Dhabi government’s capital projects

ABU DHABI / WAM As part of the Abu Dhabi government’s efforts to support the emirate’s real estate sector and public-private partnership initiatives, the Abu Dhabi Executive Committee directs the development of a public-private partnership framework to implement capital projects in the emirate. In this context, ADQ, holding company with a broad portfolio of major enterprises, spanning key sectors of ...

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Dubai, Switzerland discuss ways to expand trade ties

DUBAi / WAM Ahmed Mahboob Musabih, Director-General of Dubai Customs, held a videoconference with a Swiss delegation, headed by Frank Eggmann, Swiss Consul General to Dubai, to discuss expanding mutual economic cooperation and trade between Dubai and Switzerland. The two sides discussed the stimulus packages launched by the Federal government and Dubai government to support the business activity and to ...

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Dana Gas sells Egypt assets to IPR Energy unit for $236mn

SHARJAH / WAM Dana Gas announced that it has entered into a binding agreement with IPR Wastani Petroleum Ltd, a member of the IPR Energy Group (IPR) for the sale of its onshore Egyptian producing oil and gas assets for a consideration of up to $236 million including contingent payments. IPR is a leading private E&P operator in Egypt, with ...

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