ADNOC signs 3 framework agreements with Korean energy companies

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(Seoul) - During an official visit to the Republic of Korea by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the Abu Dhabi National Oil Company, ADNOC, has signed…

Abdullah bin Zayed, Russian Industry Minister, meet at IDEX

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(Abu Dhabi) - H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with Russian Industry and Trade Minister Denis Manturov, in the presence of President Rustam Minnikhanov of Tatarstan, and…

Saudi Aramco, Total invest in retail fuel network in Saudi Arabia

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(Paris) - Saudi Aramco and Total signed an agreement to develop a network of retail fuel service stations in Saudi Arabia. The 50:50 joint venture plans to invest around US$1 billion over the next 6 years in the Saudi retail fuel market to…

Mohammed bin Rashid attends the launch of Dubai Airports’ new brand

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(Dubai) - Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum attended the launch of the new brand for Dubai International (DXB) that signifies Dubai Airports’ transition from…

DIB rings market-opening bell to celebrate US$750 million Sukuk on Nasdaq Dubai

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(Dubai) - Dubai Islamic Bank, DIB, rang the market-opening bell to celebrate the listing of a US$750 million Sukuk on Nasdaq Dubai. The Sukuk was 4.9 times oversubscribed with a profit rate of 6.25 per cent per annum, with nearly 40% of…

Amazon profit jumps on strong holiday quarter

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(San Francisco) - Amazon reported its profit in the past quarter surged on strong holiday retail sales and its soaring cloud computing business. The US tech giant said profit jumped 63 percent from a year ago to $3.0 billion in the fourth…

US, China hail major progress in trade talks

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(Washington) - The United States and China said their trade war negotiations resulted in major progress as the clock ticks on a March deadline to avert a massive escalation of tariffs that could bruise the global economy. US President Donald…

Global Investment in Aviation Summit concludes

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(Dubai) - The first 'Global Investment in Aviation Summit' concluded Tuesday, 29 January in Dubai InterContinental Festival City Hotel in the presence of aviation industry and key officials. The summit and exhibition began with a pre-event…

Facebook to merge WhatsApp, Instagram and Messenger

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Facebook said it is trying to get its messaging apps to be friends, allowing encrypted missives be exchanged no matter which of its services are used. The leading social network is behind free, stand-alone smartphone apps Instagram, Messenger…

ADNOC, Eni and OMV sign landmark partnership agreement

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(Abu Dhabi) - His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, witnessed the signing of two new strategic equity partnerships between the Abu Dhabi National Oil…

DP World increases stake in DP World Australia

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(Dubai) - DP World announced that it has acquired an additional stake in DP World Australia, DPWA, from Gateway Infrastructure Investments and other financial investors valuing DP World Australia at an enterprise value of approximately AU$1.4…

Mohamed bin Zayed receives Japan's Minister of Economy and Trade

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(Abu Dhabi) - His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received Hiroshige Seko, Japan’s Minister of Economy, Trade and Industry, who is visiting the UAE…

Sharjah Ruler awards oil & gas exploration concession to Italy’s Eni

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(Sharjah) - H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, received Claudio Descalzi, CEO of Eni, Italy’s largest energy company, during which a long-term agreement in oil and gas exploration was…

Breakbulk Middle East 2019 held

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(Dubai) - Breakbulk Middle East, BBME, a yearly conference of top industry leaders and experts from around the world, will be reiterating its goal of enhancing economic collaboration between the UAE and Saudi Arabia. The event, held under…