BEIJING/WAM ADNOC Logistics and Services plc today announced that AW Shipping, its joint venture with Wanhua Chemical Group, has awarded shipbuilding contracts to Jiangnan Shipyard in China, priced at approximately $1.9 billion (AED7 billion) in total. The contract for the construction of nine Very Large Ethane Carriers (VLECs) is priced at approximately $1.4 billion (AED5.1 billion) and the contract for …

DUBAI/WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, reiterated that the emirate’s economy continues to grow steadily and showcase robust economic indicators that exemplify the vision and directives of His Highness Sheikh Mohammed bin Rashid Al …

WUHAN/WAM All stakeholders that delivered the landmark UAE Consensus must come together to implement it and advance sustainable socio-economic development, Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology and COP28 President, announced today at the eighth Ministerial on Climate Action (MoCA). Since its inception at COP28, held in Dubai in December, the historic UAE Consensus has emerged as …

NEW DELHI/WAM A UAE economic delegation headed by Abdulla bin Touq Al Marri, Minister of Economy and Chairman of Investopia, which includes Alia bint Abdulla Al Mazrouei, Minister of State for Entrepreneurship, will visit the Republic of India this week to discuss strengthening economic cooperation in the new economy sectors. During the visit, the two sides will explore opportunities to …

ABU DHABI/WAM PureHealth has successfully concluded the initial public offering (IPO) of its subsidiary, Ardent Health Partners, on the New York Stock Exchange (NYSE). Ardent Health offered 14,300,000 shares of its common stock at $16 per share, with trading commencing on 18th July 2024, under the ticker ARDT. The successful listing of Ardent Health on the NYSE positions Abu Dhabi …

ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan visited His Majesty King Hamad bin Isa Al Khalifa of the Kingdom of Bahrain today at his residence in Abu Dhabi. During the meeting, His Highness and His Majesty King Hamad bin Isa, along with other guests, engaged in cordial conversations reflecting the strong, fraternal bonds between the …

ABU DHABI/WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has chaired a meeting of the Advanced Technology Research Council’s (ATRC) board of directors, during which His Highness reviewed the council’s plans to launch three new ventures, as well as its pioneering achievements and ambitious plans for …

DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and the Honorable Pravind Kumar Jugnauth, Prime Minister of the Republic of Mauritius, witnessed in the signing of a landmark Comprehensive Economic Partnership Agreement (CEPA) between the two countries. The agreement is the UAE’s first CEPA concluded with an African country and is …

DUBAI/WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, made his first visit to the Ministry of Defence following his recent Cabinet appointment. During his visit, Sheikh Hamdan said that the UAE Armed Forces serve as a leading model for high efficiency and strong capabilities. Sheikh Hamdan’s recent …

ABU DHABI / GULF TIME Zero Gravity Technology, headquartered in Abu Dhabi and a leading Emirati technology company, has announced an exclusive partnership agreement with OCS Optical Control Systems GmbH, a global German specialist in quality control solutions for the polymer and petrochemical industries. This strategic partnership marks a significant milestone in enhancing quality control and assurance within the UAE’s …