ABU DHABI / WAM Mubadala Petroleum announced that it has completed the acquisition from Italy’s Eni of a 20 percent participating interest in the Nour North Sinai Offshore Area (Nour) concession, an offshore exploration block in Egypt. In the concession, which is in participation with Egyptian Natural Gas Holding Company (EGAS), Eni as operator through its subsidiary (IEOC) now holds ...

SEOUL / WAM The UAE Ministry of Economy has signed a Memorandum of Understanding, MoU, with the South Korean Intellectual Property Office, which stipulates that the latter will serve as the “International Research Administration” and the “International Preliminary Examining Service for International Patent Applications in the UAE,” under the WIPO Patent Cooperation Treaty. Both sides also signed another MoU related ...

Abu Dhabi / WAM Central Bank of the UAE (CBUAE), has issued a circular to banks regarding the issuance of cheque books as part of its ongoing efforts to improve responsible lending practices by banks. Before issuing customers with cheque books, banks are now required to carry out checks with the Al Etihad Credit Bureau (AECB), to ensure the creditworthiness ...

Abu Dhabi / WAM The National Food Security Strategy in the UAE aims to develop a comprehensive system, which aims to achieve sustainable food production. The system will involve 38 short and long-term initiatives, as per the “2051 Vision” and “2021 Work Agenda.” Many specialist newspapers highlighted the UAE’s plans and projects that aim to attract major investment in vertical ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Mahamadou Issoufou of the Republic of Niger, discussed on Monday, means to develop bilateral relations between the two friendly countries. Sheikh Mohamed bin Zayed welcomed President Issoufou and his accompanying delegation, adding ...

Abu Dhabi / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chairman of the Board of Directors of the Abu Dhabi Food Control Authority (ADFCA), on Monday inaugurated the 9th Sial Middle East Exhibition and the 4th Abu Dhabi International Dates Exhibition. The exhibitions are being held under his patronage and ...

DUBAI / WAM The Arab Strategy Forum (ASF) 2018, taking place under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday announced the detailed programme of activities that will take place on December 12 in Dubai. In its 11th edition, the Forum will gather ...

Riyadh / Emirates Business Enoc Group announced major expansion plans to build 45 new service stations in the Kingdom of Saudi Arabia over the next five years. The Group’s plans are aligned with the Ministry of Municipal and Rural Affairs’ plan, which aim for the construction of over 1,200 petrol stations across the Kingdom. All 45 Enoc service stations will ...

Sharjah / WAM The fourth edition of the Sharjah FDI Forum started on Monday, with optimistic comments by the UAE Minister of Economy and the Shurooq Executive Chairman about the nation’s readiness to promote foreign direct investments (FDIs), as an enabler of sustainable development, despite the slump experienced globally – especially in developed economies – in 2017. The two-day event ...

Dubai / Emirates Business The Ministry of Climate Change and Environment and the Youth Climate Lab, an international organisation dedicated to creating collaborative youth projects to advance climate action, hosted a Youth Dialogue titled ‘Climate Mentorship for Youth’. The session ran on the sidelines of the 24th Conference of the Parties (COP24) to the United Nations Framework Convention on Climate ...