Recent Posts

Aramco falls below $2tn as stock extends decline

Bloomberg Shares in Saudi Aramco dropped for a second day in a row a week after its record initial public offering, pushing its market value just below $2 trillion, the level sought by Crown Prince Mohammed bin Salman. Shares ended 2.8% lower at 36.70 riyals in Riyadh, giving the company a total value of $1.96 trillion. The stock was included ...

Read More »

Etihad Rail awards AED4.6bn contract to Chinese joint venture

Abu Dhabi / WAM His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Abu Dhabi Crown Prince’s Court and Chairman of Etihad Rail, has supervised a board meeting during which he approved a AED 4.6 billion ($1.25 billion) tender for the civil works and construction of Package D of Stage Two of the UAE’s national railway. Package D ...

Read More »

First-ever cruise turnaround conducted at Fujairah Port

Abu Dhabi / WAM Fujairah Terminals, wholly-owned by Abu Dhabi Ports, celebrated the official start of the 2019-2020’s cruise season with the first-ever cruise turnaround conducted at Fujairah Port. The recent call by the Marella Discovery, a cruise liner operated by TUI UK, at Fujairah Terminals marked the first time a visiting vessel dropped off arriving guests and welcomed new ...

Read More »
Send this to a friend