ABU DHABI / WAM Abu Dhabi Ship Building Company (ADSB) and Lockheed Martin announced the signing of a Memorandum of Understanding (MoU) to cooperate in providing support services for UAE Military maritime assets. The MoU was signed by Dr Khaled Al Mazrouei, CEO of Abu Dhabi Ship Building, and Joe North, Vice President of Littoral Ship and Systems at …

  DUBAI / WAM Borse Dubai and Nasdaq announced the signing of a new agreement to bolster the technological infrastructure of Dubai’s stock exchanges, Dubai Financial Market (DFM), and Nasdaq Dubai, and further improve post-trade practices. Under the agreement with Borse Dubai, the parent company of DFM, Nasdaq will deliver a new INET-powered, multi-asset trading technology engine, the Nasdaq Matching …

  ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC) signed an agreement with Vitol, the world’s largest independent energy trader, for the sale of up to 528,000 tonnes per year of LPG over the next 10 years. The long-term agreement, backdated to January 1, 2017, and which will expire on the December 31, 2026, was signed on …

  Abu Dhabi / WAM Staff Brigadier-General Rashid Mohammed Al Shamsi, Official Spokesperson of IDEX 2017, announced 20 new deals worth over AED 3.4 billion at a press conference on day four of the 13th edition of the International Defence Exhibition and Conference, IDEX 2017. The national companies were awarded 13 deals, while the remaining seven deals went to international companies. …

  Abu Dhabi / WAM Atlas Telecom, a full service communications technology integration and security solutions company, has launched its breakthrough coastal surveillance and protection systems for UAE and GCC Security authorities at the ongoing International Defence Exhibition and Conference (Idex 2017) in Abu Dhabi. The company threw spotlight on its newest and most advanced range of Vessel Identification System (VIDS) …

  Abu Dhabi / WAM Milrem, an Estonian military technology solutions provider, has expressed its intention to build a production unit to develop and arm unmanned ground vehicles (UGV) in the UAE. “We, as a company believe in cooperation, and if the UAE Armed Forces start using these vehicles, we will produce these systems in the UAE,” Kuldar Vaarsi, Chairman of …

  The New York Times reported on Sunday that one of Donald Trump’s lawyers, Michael Cohen, attempted to deliver a sealed proposal for crafting a Ukraine peace accord — and lifting Russian sanctions — to then National Security Adviser Michael Flynn shortly before Flynn resigned. Cohen disputed a portion of the Times’ account in an interview with Washington Post reporters, …

  With a disappointing buyback in the cards, shares of HSBC Holdings Plc may struggle to continue their ascent. It’s time for the London-headquartered bank to deliver on revenue growth and profitability. Stock in the lender that makes almost two-thirds of its money from Asia has risen 60 percent in London over the past 12 months. Like rival Standard Chartered …

  By one measure, President Donald Trump’s immigration policy is one-third as harsh as his predecessor’s — but it has generated at least as much if not more controversy. This is unfortunate, both because this particular controversy is unjustified and because it distracts from bigger problems. Federal agents made 680 arrests in a series of immigration raids recently, sparking shock …

  At present, it seems nobody can say for sure what would be the impact of Brexit on UK economy. The issue has always elicited mixed opinions. Prior to June 23 referendum, many economic and market experts had predicted an immediate and significant impact on British economy. But the economy defied forecast and grew by 6% between July and September, …