Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) announced on Monday that it has signed new memorandum of understanding (MoU) and joint study agreements (JSA) with counterparts in Germany in order to accelerate and deepen collaboration in clean hydrogen. The agreements were announced during the visit of Dr Robert Habeck, German Federal Minister for Economic Affairs and ...

  Abu Dhabi / WAM Water projects prominently figure in developmental initiatives of Abu Dhabi Fund for Development (ADFD). Estimated at AED2 billion, these initiatives collectively benefited 18 countries while also powering other sectors such as agriculture, industry and energy. The emphasis on water reflects ADFD’s commitment to the world to support efforts to achieve the UN’s Sustainable Development Goals, ...

  ABU DHABI / WAM Shareholders of Abu Dhabi Islamic Bank (Adib) have elected a new board of directors at the annual general meeting. They also approved the distribution of cash dividends of 31.1155 fils per share, which represents 48.5 percent of the bank’s net profit for the fiscal year ending December 31, 2021. During the meeting, Adib general assembly ...

  ABU DHABI / WAM Mubadala Petroleum, the Abu Dhabi headquartered international energy company, successfully commenced first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia. This milestone marks the safe and successful culmination of a challenging gas project, during a period in which Mubadala Petroleum navigated the challenges of the global pandemic. As a key ...

  ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) will adopt FTSE Russell’s Industry Classification Benchmark (ICB) for all its listed equities as part of its strategy to align to global standards and attract more international investors. The introduction of the ICB is part of the transition of ADX indices to the co-branded FTSE ADX index series, under ...

  Dubai / WAM The Dubai Islamic Bank (DIB) has donated AED3 million to the Khalifa bin Zayed Al Nahyan Foundation, to support the national healthcare services provided by the foundation in 2022. Mohammed Haji Al Khouri, Director-General of the Foundation, lauded the bank’s humanitarian activities and its pioneering social responsibility efforts, as well as its support and sponsorship for the ...

  Dubai / Gulf Time Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, on Monday announces the launch of Pearlz, a residential project offering 1,000 residential units and a number of retail and recreational facilities with a development value exceeding AED300 million. The project will be ...

  Abu Dhabi / WAM Mubadala Petroleum, the Abu Dhabi headquartered international energy company, has successfully commenced first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia. This milestone marks the safe and successful culmination of a challenging gas project, during a period in which Mubadala Petroleum navigated the challenges of the global pandemic. As a ...

  SHARJAH / WAM In implementation of the directives of His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to provide a stable and decent life for the citizens, the Sharjah Debt Settlement Committee (SDSC) approved an amount of AED63.11 million, to settle 120 cases of citizens’ debts. Commenting on this, Rashid Ahmed ...

  ABU DHABI / WAM Masdar, one of the world’s leading renewable energy companies, is continuing to strengthen its support for global climate action, with the capacity of its clean energy project portfolio rising 40 percent in 2021. The electricity generation capacity of all projects Masdar has invested in – either installed or under development – increased from 10.7 gigawatts ...