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Borouge, Adnoc L&S to enable industrial growth in Ruwais

  ABU DHABI / WAM Borouge, a leading petrochemical company providing innovative, value-creating polyolefin solutions, announced on Tuesday a new long-term agreement with Adnoc Logistics and Services (Adnoc L&S). Through this partnership, Adnoc L&S will manage integrated logistics for Borouge to a new main logistical hub at Khalifa Port and Kizad in Abu Dhabi. The new agreement covers transportation and ...

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Fanr okays 2022 operational plan for Barakah nuclear plant

  Abu Dhabi / WAM The Board of Management of the UAE’s Federal Authority for Nuclear Regulation (Fanr) convened and approved the operational plan of Fanr for the year 2022. The plan outlines a number of strategic projects to further strengthen Fanr’s regulatory oversight to regulate the nuclear and radiation sectors in the UAE to ensure the safety of public, ...

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Adib goes big on UK realty, with AED1bn of funding

  Abu Dhabi / WAM Abu Dhabi Islamic Bank PJSC (Adib) announced that it has provided over AED1 billion in UK commercial real estate financing during 2021. The bank closed two deals in the UK in the month of November alone, taking its UK portfolio to around AED2.5 billion. Adib extended AED181 million in financing to Saudi Fransi Capital (SFC), ...

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