Vienna / WAM Abu Dhabi’s state-owned oil and gas investment company, International Petroleum Investment Company (IPIC) and the Austrian state holding company, Osterreichische Bundes- und Industriebeteiligungen GmbH (OBIB) on Wednesday agreed to extend their cooperation as the two core shareholders of the Austrian oil and gas company, OMV Aktiengesellschaft (“OMV”). The announcement comes after the conclusion of successful talks in ...

  Dubai / WAM The UAE’s General Civil Aviation Authority (GCAA) and the Democratic Republic of the Congo have signed and initiated an agreement on air transport services. The agreement was signed by Omar bin Ghalib, Deputy Director General of the GCAA, while the advisor of Minister of Transport and Channels of Communication of the Democratic Republic of the Congo, signed ...

  Abu Dhabi / WAM The Government of Japan announced that it has conferred the Order of the Rising Sun, Gold Rays with Neck Ribbon, by the Emperor of Japan on Nasser Ahmed Alsowaidi, Chairman of the National Bank of Abu Dhabi (NBAD), in recognition of his outstanding contribution to promoting economic relations between Japan and the United Arab Emirates. The ...

  Sharjah / Emirates Business With a rapidly growing global network served from regional hubs across the Middle East and North Africa, Air Arabia is to introduce SITA’s next-generation passenger management system to extract even greater efficiency across its operations. Air Arabia carried close to 8 million passengers in 2015, serving 101 destinations spread across the Middle East, North Africa, ...

  DUBAI / WAM The Ministry of Economy discussed ways to minimise the export of paper, leather and aluminium waste to other countries in order to provide raw materials for the national industry. This came during a meeting chaired by Abdullah Sultan Alfan Alshamsi, Assistant Under-Secretary for Industrial Affairs at the Ministry of Economy. The practice has caused a shortage ...

  TOKYO / WAM A delegation from ADNOC, led by Dr Sultan Al Jaber, Minister of State and CEO of ADNOC, conducted visits to Japan and South Korea, aimed at building on ADNOC’s long-standing relationships with its partners in both countries, while also exploring new business opportunities in oil, gas, refining and petrochemicals. During the visit to Japan, the delegation ...

  SHARJAH / WAM The Sharjah-Russian Business Forum, being held in Moscow and Saint Petersburg in collaboration with the Chambers of Commerce and Industry of both cities, began on Tuesday at the headquarters of the Chamber of Commerce and Industry of the Russian Federation. The event is held on the sidelines of a visit by a trade delegation to the ...

  ABU DHABI / WAM ADNOC Distribution received ‘Best Payment Innovation of the Year’ and ‘Best Contactless Solution’ awards at the annual Middle East Smart Cards and Payments Awards ceremony held yesterday in Dubai. The company won both awards following stiff competition from major financial institution and government entities in the UAE, Middle East and North Africa (MENA), India, Sri ...

  Dubai / WAM The Jumeirah Group partnered with Brand Dubai and Dubai Culture to unveil 101 luxury golf buggies featuring inspirational Arabic artwork. Guests at Burj Al Arab Jumeirah, Madinat Jumeirah and Jumeirah Beach hotel will soon be travelling between the resorts in these buggies decorated with artwork inspired by the UAE’s heritage and culture. The project sees the ...

  DUBAI / EMIRATES BUSINESS The Middle East and North Africa’s leading shopping mall, retail and leisure pioneer, Majid Al Futtaim, on Wednesday unveiled a strategic development plan that will see the company increase its total investment in the UAE by AED 30 billion by 2026, taking its total investment in the country to AED 48 billion. The investments, which ...