ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added), and the Abu Dhabi National Oil Company (Adnoc), on Tuesday signed a Memorandum of Understanding (MoU), to enhance cooperation and drive in-country value (ICV), for Abu Dhabi following the success of Adnoc’s ICV programme. Under the terms of the agreement, Added will integrate and standardise Adnoc’s ICV certification ...

ABU DHABI / WAM The UAE’s General Civil Aviation Authority (GCAA) announced the suspension of all flights arriving to and departing from Iran, effective immediately. According to the GCAA, all passenger and cargo aircraft traveling to and from Iran will be suspended for a period of one week, and could be up for extension. The decision is a precautionary measure ...

Bloomberg The Organisation of Petroleum Exporting Countries (Opec) hasn’t decided yet to extend or modify its agreement to cut oil output, Saudi Arabia’s energy minister said, as the coronavirus batters the global economy and threatens demand for crude. Opec and its allies are to meet next week in Vienna to assess their global cuts policy. Energy Minister Prince Abdulaziz bin ...