Tag : Business

ADNOC Drilling Company PJSC announced that it has signed a five-year Drilling Services Agreement with ADNOC Onshore for the continued provision of drilling, work-over and other well services. The contract will run for up to 5 years, for a total value of US$3.8 billion. Structured to drive efficiency in work......

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Emmanuel Macron, President of France, attended the signing of agreements and Memorandums of Understanding (MoUs) between the UAE and France in many areas, helping to boost the......

The Abu Dhabi National Oil Company (ADNOC) announced record investments worth up to almost $6 billion (AED22 billion) to enable drilling growth as it boosts its crude oil production capacity to 5 million barrels per day (mmbpd) by 2030 and drives gas self-sufficiency for the UAE. The announcement was made......

Aviation, aerospace, space and defence leaders from across the planet will meet in-person in Abu Dhabi for the return of the Global Aerospace Summit on 24 -26 May 2022. The theme of the Summit, ‘Digital Driven Resurgence’, will showcase the rapid transformation that has happened across these sectors over recent......

His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Foreign Minister of Greece Nikos Dendias, today reviewed the prospects of strengthening the strategic partnership ties between the two nations. This came as the two top diplomats met today in Washington D.C., where they......

Etihad Airways has raised US$1.2 billion in the first sustainability-linked loan (SLL) tied to environmental, social and governance (ESG) targets in global aviation. The transaction is the largest sustainable financing in the airline’s history and follows two innovative aviation financing deals – a first-of-a-kind sustainability-linked transition sukuk in 2020 and......

Al Seer Marine, a marine company in the Middle East region that is engaged across multiple marine sectors, has announced the formation of a joint venture with BGN International, one of the leading energy, trading, storage, and transportation companies, to acquire a portfolio of Very Large Gas Carriers (VLGCs) for......

Abdulla bin Touq Al Marri, Minister of Economy, represented the UAE in the 108th meeting of the Arab League’s Economic and Social Council, which was held today at the HQ of the Arab League Secretariat-General in Cairo. During the meeting, Al Marri highlighted the UAE’s keenness, upon the directives of......

India is expanding its strategic petroleum reserves programme, the Minister of State for Petroleum and Natural Gas, Rameswar Teli, told the lower House of Parliament, the Lok Sabha. In the second phase of its petroleum reserves programme, approvals were given this month for establishing two additional commercial-cum-strategic storage facilities with......