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Abu Dhabi / WAM   Mubadala Health, the integrated health network of Mubadala Investment Company, and Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, are exploring a potential joint venture to set up a long-term care and post-acute rehabilitation facility in Bahrain that will be operated by Amana Healthcare, a Mubadala Health Partner. The proposed ...

Abu Dhabi / WAM    Alpha Dhabi Holding PJSC (Alpha Dhabi) announced that it has acquired a 25 percent stake in Gordon Technologies, a leading provider of MWD (Measurement While Drilling) technology to the oil and gas industry for AED 602 million. Chimera Capital acted as sole financial advisor to Alpha Dhabi Holding on the transaction. Founded in 2014, Gordon Technologies ...

Abu Dhabi / WAM  Adnoc Drilling company on Wednesday awarded a five-year framework agreement valued at up to $1.6 billion for Integrated Drilling Fluids Services (IDFS) to support the expansion of Adnoc’s lower-cost and lower-carbon intensive production capacity, as it continues to respond to growing global demand for energy. The award covers Adnoc’s onshore and offshore fields and will see ...

Abu Dhabi / WAM  President His Highness Sheikh Mohamed bin Zayed Al Nahyan, met virtually on Wednesday with United States President Joseph R. Biden Jr.  The two leaders reaffirmed the depth of the US-UAE strategic relationship and addressed global challenges including energy security. In the meeting, the two leaders highlighted the just announced comprehensive UAE-US initiative to accelerate the energy ...

Dubai / WAM DP World is expanding its operations in China by signing a memorandum of understanding (MoU) to support logistics and trade development at the Lin-Gang Special Area, a free trade zone in Shanghai. The MoU was signed on Wednesday with Shanghai Lin-Gang Economic Development Group (Lin-Gang Group) at a virtual ceremony by Lin-Gang Party Secretary and Member of ...

Abu Dhabi / WAM Cepsa, a Mubadala group company, and Etihad signed an MoU to accelerate the decarbonisation of air transport by researching and producing sustainable aviation fuels (SAF). Both companies prioritise the development of these sustainable fuels as a tool to further reduce the carbon footprint of air transport and contribute to the goals of the UN’s 2030 Agenda ...

Abu Dhabi / WAM The Ministry of Human Resources and Emiratisation (MoHRE) signed on Wednesday an agreement with a group of nine local insurance companies, to launch the framework of the new Unemployment Insurance Scheme, in line with the Federal Decree Law No. 13 of 2022 and the relevant Cabinet Resolutions. The new insurance scheme aims to provide protection for ...

Abu Dhabi / WAM Abu Dhabi Airports is gearing up to launch advanced biometric technology, which uses a passenger’s facial features as their passport to offer a seamless experience throughout their travel journey at Abu Dhabi International Airport, from the time they arrive at the airport to the time they board their flight. The technology uses smart cameras to capture ...

President Vladimir Putin’s swift and severe response to an attack on his Black Sea fleet reflects a war that is increasingly marked by a duel between long range Russian missiles and Ukraine’s innovative array of drones and truck bombs. Putin on Monday made clear why he was suspending Russia’s involvement in a deal that for three months had allowed much-needed ...

North Korea fired at least 23 missiles Wednesday including the first ballistic one to fly over a nautical border with South Korea, in its biggest daily barrage under leader Kim Jong Un. The launches came about a day after Pyongyang threatened to take “powerful measures” if the US doesn’t halt military drills with partners including South Korea, in what might ...