ABU DHABI / WAM ADNOC Gas plc and its subsidiaries on Monday announced the signing of a Heads of Agreement with Hindustan Petroleum Corporation Limited (HPCL) to supply 0.5 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) for a 10-year term. The agreement underscores ADNOC Gas’ expanded global footprint, particularly across the high-demand Asian LNG market, reinforcing …

ABU DHABI / WAM The United Arab Emirates is continuing its humanitarian mission in support of the Palestinian people in the Gaza Strip, carrying out the 62nd airdrop of aid under the “Birds of Goodness” initiative, part of Operation Chivalrous Knight 3. The operation is conducted in collaboration with the Hashemite Kingdom of Jordan, with the participation of France, Germany, …

ABU DHABI / WAM The Central Bank of the United Arab Emirates (CBUAE) has issued its 2024 Financial Stability Report, which includes a comprehensive assessment of financial system stability and financial developments across sectors amidst increased global challenges and risks. The report affirmed the robustness of the UAE banking sector, supported by strong capital and liquidity buffers, alongside improved asset …