Recent Posts

NMDC Energy, Technip Energies, JGC awarded major contract worth US$5.5 billion for ADNOC’s Ruwais LNG project

ABU DHABI/WAM NMDC Energy, in partnership with Technip Energies and JGC Corporation, have been awarded a contract worth US$5.5 billion by ADNOC for the engineering, procurement and construction (EPC) of the lower-carbon Ruwais LNG project, located in Al Ruwais Industrial City, Abu Dhabi. The project will consist of two natural gas liquefaction trains with a total LNG production capacity of ...

Read More »

Aggregate capital, reserves of UAE-based banks hit AED476.6 billion at end of March 2024

ABU DHABI/WAM The aggregate capital and reserves of banks operating in the UAE reached AED476.6 billion at the end of March 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE). The capital and reserves of banks operating in the country increased year-on-year (YoY) by about AED45.9 billion or 10.7 percent compared to approximately AED430.7 billion ...

Read More »
Send this to a friend