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Abu Dhabi / WAM Adnoc Logistics and Services (Adnoc L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (Adnoc), announced on Tuesday the acquisition of Zakher Marine International (ZMI), an Abu Dhabi-based owner and operator of offshore support vessels, with the world’s largest fleet of self-propelled jack-up barges. Financial details of the transaction are not being ...

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has announced a partnership with Clara, a LegalTech startup that offers automated legal services for startups. The partnership will support Hub71-based startups and provide them with access to Clara’s innovative digital platform, facilitating the complex legal processes involved in setting up, growing and exiting a startup. Under the agreement, ...

  ABU DHABI / WAM Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and to ensure citizens’ well-being, Abu Dhabi Executive Council has approved a new decision to raise pensions of UAE nationals working in the emirate’s public schools to 80% of their total salary, contributing to better living standards and more financial stability for ...

  Sharjah / WAM Etihad Credit Insurance (ECI), the UAE’s Federal export credit company, has partnered with the Hamriyah Free Zone Authority (HFZA) and the Sharjah Airport International Free Zone Authority (Saif Zone) to support Sharjah exporters and re-exporters to start and grow their international business and secure their receivables globally. The strategic initiative will boost the exports from Sharjah, ...

Bloomberg House Speaker Nancy Pelosi’s staff and security officials aren’t ruling out plans for her to visit Taiwan in early August on a trip that has already stoked more US-China tensions. No final decision has been made about stopping in Taiwan during a trip to Asia next month, according to a person familiar with the details, but if it happens ...

  Cairo / WAM The second Higher Committee meeting of the Industrial Partnership for Sustainable Economic Development kicked off on Monday in Cairo in the presence of Dr Nevin Jameh, Egypt Minister of Trade and Industry, Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and Yousef Al Shamali, Jordanian Minister of Industry, Trade and Supply. At ...

  Abu Dhabi / WAM The Abu Dhabi International Boat Show (Adibs), organised by the Abu Dhabi National Exhibitions Company (Adnec), has entered into a three-year sponsorship agreement with Abu Dhabi Maritime to support the event’s upcoming editions. Under the patronage of HH Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of the Zayed Charitable and ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said the UAE is strengthening its stature in the space sector, due to its people’s determination and ambition, noting that Emirati astronaut Sultan Al Neyadi represents ...

Bloomberg European natural gas prices rose for a fourth consecutive session, with little clarity on future flows via a major Russian pipeline. While the Nord Stream pipeline is sending gas to Germany at a consistent rate of 40% of capacity following the end of maintenance on July 21, Russian President Vladimir Putin warned that this could decline to 20% if ...

Bloomberg Russia said on Monday its missile strike on Odesa targeted a military area and wouldn’t affect plans to resume grain exports from the Black Sea port. Wheat prices have surged since the Russian attack, which came a day after it signed a Turkish-mediated deal to allow safe transit for Ukrainian grain shipments blocked since the war. Ukraine is continuing ...