ABU DHABI / WAM Adnoc Drilling Company announced it has signed a sale and purchase agreement (SPA) to acquire two additional premium offshore jack-up drilling units. The two new rigs have a combined cost of AED514.22 ($140 million) and will join the Adnoc Drilling fleet and commence operations by the end of 2022. The acquisition, which underpins the company’s ...

  ABU DHABI / WAM AD Ports group’s Safeen Feeders and Saif Powertec Limited signed a charter agreement that will see Safeen Feeders purchase and charter out three containerships, to support expansion of the Bangladesh-based entity into the container shipping segment. Under the terms of the agreement, Safeen Feeders will charter an initial three vessels to Saif Powertec at pre-agreed ...

  Sharjah / WAM Arada has announced the launch of Arada Central Business District (CBD), a new commercial centre for Sharjah, which will be located at the heart of Aljada community. Spread over 4.3 million square feet of prime leasable space located in 40 smart office blocks, Arada CBD has the capacity to accommodate 20,000 workers, fulfilling the substantial demand ...