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 …

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 …

DUBAI/WAM Dubai Chambers has signed a Memorandum of Understanding with the Australian Chamber of Commerce and Industry to enhance cooperation, strengthen economic and trade relations, and support the development of partnerships between the business communities in Dubai and Australia. The MoU supports sharing data and expertise between the two parties and cooperation on studies and research relating to trade, investment, …