February, 2019

• 18 February

  UAE Armed Forces inks AED7bn deals at Idex

  

  ABU DHABi / WAM Speaking at a press conference on day two of the International Defence Exhibition and Conference (Idex 2019), and the Naval Defence and Maritime Security Exhibition (Navdex 2019), Brigadier Mohammed Al Hassani, Official Spokesperson of Idex 2019, and Commodore Fahad Nasser Saif Al Thehli, Official Spokesperson of Navdex 2019, announced 24 deals worth AED7,019,428,577. The total value ...

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• 18 February

  Tawazun invests AED460mn to buy stake in Russia’s Aurus

  ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met on Monday with Russian Industry and Trade Minister Denis Manturov, in presence of President Rustam Minnikhanov of Tatarstan, and later witnessed the signing of an agreement at at the International Defence Exhibition (Idex 2019). Sheikh Abdullah, Manturov and President Minnikhanov ...

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• 18 February

  Mubadala Petroleum gets block off Indonesia

  

  ABU DHABI / WAM Mubadala Petroleum announced that it signed the Gross Split Production Sharing Contract (PSC), for South Andaman, as awarded by the Government of Indonesia pursuant to the 2018 Indonesian Third Direct Tender Round. Following the signing, Mubadala Petroleum is now the operator of both the South Andaman and the adjacent Andaman I PSC and a partner in ...

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• 18 February

  Saudi to invest $20b in Pakistan

  

  Bloomberg Crown Prince Mohammed bin Salman said his country plans to invest a whopping $20 billion in Pakistan as he began a swing through Asia. The two nations signed memorandums of understanding in the energy and agriculture sectors, including one for a $10 billion oil refinery in southwestern city of Gwadar, where China has helped build a deep water port. ...

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• 18 February

  Enoc Group signs deal with Proserv Egypt

  Dubai / WAM Enoc Group signed a joint venture (JV), agreement with Proserv Egypt to set up Enoc Misr, its first on-ground operations in the lubricants sector in Egypt. The agreement marks Enoc Group’s physical presence in Egypt as part of its wider plans to expand internationally into key markets, including Africa. Through this joint venture agreement, Enoc Misr will ...

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• 18 February

  Oil hits 3-month high on Opec cuts

  

  Bloomberg Oil traded near a three-month high in New York as Organisation of Petroleum Exporting Countries (Opec’s) output curbs tightened global supply while trade talks between the US and China lifted financial markets. Futures rose as much as 1.3 percent to the highest since November 20, after advancing 5.4 percent last week. President Donald Trump said talks with China were ...

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• 18 February

  BAE Systems to open MRO facility in Al Ain

  ABU DHABI / WAM The Advanced Military Maintenance Repair and Overhaul Centre, LLC., (AMMROC) and BAE Systems’ Electronic Systems signed a Memorandum of Understanding to provide repairs and upgrades to aircraft at a facility in Al Ain under AMMROC. Speaking to the Emirates News Agency (WAM), after the signing on the second day of the Idex 2019, in Abu Dhabi, ...

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• 18 February

  DWC to witness 700% increase in air traffic

  

  DUBAI / WAM Dubai World Central (DWC), will see the number of passenger flights skyrocket by 700% as it takes on additional traffic during the 45-day period when DXB’s southern runway is closed for a complete refurbishment from April 16 to May 30. The closure will reduce the hub airport’s capacity making DWC an attractive alternate to absorb affected scheduled, ...

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• 18 February

  UAE rulers inspect Russia’s Aurus

  

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, inspected on Monday Russian’s Aurus armoured limousine displayed at Tawazun Economic Council stands, at ...

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• 18 February

  Sheikh Mohamed wishes exhibitors at Idex success

  

  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, toured the International Defence Exhibition and Conference (Idex 2019), held at the Abu Dhabi National Exhibition Centre (Adnec) on Monday. On the second day’s proceedings, His Highness visited various international companies’ pavilions showcasing the latest innovative ...

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