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NDC inaugurates advanced Al Hudairiyat offshore rig

  Abu Dhabi / WAM National Drilling Company (NDC), an ADNOC Group company, celebrated the inauguration of its new state-of-the-art jack-up rig, Al Hudairiyat, in the Hamriyah Free Zone in Sharjah. This raises the number of new offshore rigs acquired by NDC and manufactured in the UAE by Lamprell plc, a UAE-based company, to eight as part of a series of ...

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MoFAIC organises UAE-Africa Friendship Day ceremony

  Abu Dhabi / WAM On the occasion of the launch of the “UAE – Africa Friendship Day” organised by the Ministry of Foreign Affairs and International Cooperation, MoFAIC, under theme: “Joint Vision, Mutual Destiny”, Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, has highlighted the depth of UAE – Africa ties derived from a joint vision and ...

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AMAF donates over AED2.5m to charity organisations

  Dubai / WAM The Awqaf and Minors Affairs Foundation (AMAF) donated more than AED2.5 million from an endowment from the late Emirati philanthropist, Ahmed Baghlaf, to several charity organisations that care for underprivileged people, including widows, orphans, and the elderly. The donations come in line with the UAE #Year of Giving and the foundation’s objectives to enhance the spirit of ...

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Dubai Air Quality Monitoring Stations get EU standards certificate

  Dubai / WAM The Air Quality Monitoring Stations Network of the Dubai Municipality received the prestigious European Standard Compliance certificate, making it the first government entity at the national and the regional level to get this high-level certificate. Hussain Nasser Lootah, Director-General of Dubai Municipality explained that the certificate of compliance covered the overall management of the monitoring network with ...

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Gulf ends week on firm footing, Egypt rebounds

  Reuters Stock markets in the Gulf closed on a firm footing on Thursday in line with generally upbeat global shares and stabilising crude oil prices, while Egypt’s bourse ended a five-day losing streak. Dubai’s index edged up 0.2 percent in thin trade. GFH Financial Group, the most heavily traded stock, jumped 4.4 percent. Two builders that reported heavy net ...

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Risk rally eases as US stocks mixed, bonds climb

  Bloomberg The torrid advance in riskier assets eased, with US equities slipped from records after the longest rally in three years and Treasuries rising for the first time in six days. Equity benchmarks slipped from records attained amid optimism that the economy is growing fast enough to withstand higher interest rates. Data on Thursday did little to alter that ...

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Air France plans long-haul push after full-year profit boost

  Bloomberg Air France-KLM Group reported a 35 percent earnings increase for 2016 and said it will boost passenger capacity this year in an effort to win back the initiative in the lucrative long-haul market. Operating profit increased to 1.05 billion euros ($1.1 billion) from 780 million euros in 2015, helped by a lower fuel bill and productivity gains at ...

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India revives passenger plane project

  Bloomberg India is reviving a three-decade-old plan to build its first passenger aircraft as the South Asian country struggles to join an exclusive club of Asian nations that have advanced far ahead in creating their own home-made jets. A 14-seat aircraft, called Saras, is undergoing preliminary tests, Jitendra Jadhav, director of Council of Scientific and Industrial Research at state-controlled ...

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Boeing union bid fails in South averse to organising

  AP Production workers at Boeing’s South Carolina plant have rejected an effort to unionize, maintaining Southern reluctance toward unionization and setting up a picture-perfect stop for President Donald Trump, who visits the facilities this week. Vote totals weren’t immediately available, but the International Association of Machinists and Aerospace Workers’ lead organizer said it’s “the workers who dictate what happens ...

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