ABU DHABI / WAM Abu Dhabi National Oil Company (ADNOC) signed on Saturday an agreement with BP, awarding the British oil and gas giant a 10 percent interest in Abu Dhabi’s onshore oil concession operated by ADCO, the Abu Dhabi Company for Onshore Petroleum Operations. As part of BP’s interest in the concession, it will become asset leader for …

  DUBAI / WAM The Ministry of Finance (MoF) signed a Memorandum of Understanding (MoU) with Dubai Islamic Economy Development Centre (DIEDC) to exchange experiences and coordinate on matters related to the strategic plan for ‘Dubai the Capital of Islamic Economy 2017-2021’, aimed at strengthening country’s position and enhancing the Emirate of Dubai as the capital of the Islamic economy. …

  Ajman / WAM The Humaid Bin Rashid Al Nuaimi Foundation’s board of trustees has approved an estimated budget of AED27 million for 2017. Approved at a board meeting chaired by HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, the budget funds the foundation’s charitable and humanitarian projects. Sheikh Ammar directed the board of trustees to launch …