Two offshore contracts worth over $3.4 billion are won by ADNOC Drilling

The Abu Dhabi National Oil Company (ADNOC) has announced the award of two contracts to ADNOC Drilling for the hiring of eight offshore jack-up rigs to boost production capacity, totalling more than $3.4 billion (AED12.6 billion).

According to a statement released by ADNOC Offshore on Th...

Industrial Workers Heat Stress Campaign

Dr. Vinod Thampi, the Chief Executive Officer of Ahalia Hospitals and the person responsible for launching the "Beat the Heat" campaign, stated that the Group's healthcare institutions would be holding awareness programmes for the general public and teaching personnel how to deal wi...

Before the end of the year, the UAE might be home to another 4,000 millionaires

More than 4,000 millionaires are expected to relocate to the UAE this year, putting the country among the top ten destinations for high-net-worth individuals. According to the 2017 Henley Global Citizens Report, the reasons for this are the absence of a personal income tax and rising revenues in ...

Borouge's $2 billion investment The IPO in Abu Dhabi has attracted Asia's richest man

The United Arab Emirates (UAE) largest oil company and Borealis AG are planning an initial public offering (IPO) of their chemicals joint venture in Abu Dhabi, which is expected to be the emirate's largest-ever listing.

The IPO offer price for Borouge has been set at 2.45 dirhams pe...

ADNOC and Borealis will sell a 10% stake in their joint venture polymer giant Borouge to the public

On Wednesday, Abu Dhabi National Oil Company (ADNOC) and its long-time partner Borealis AG announced their plan to list 10% of Borouge plc, their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX) in an initial public offering (IPO).

Subject to regulatory approvals...

Younis Khan Praises World Class Cricket Facilities at Abu Dhabi

Pakistani legend Younis Khan came back to Abu Dhabi Cricket in April, hailing his amazing experience with the Afghanistan team as a huge success because of the first-class facilities of the venue and its hosting capabilities.

Khan was initially approached by the Afghanistan Cricket Boar...

New York University Abu Dhabi is establishing research centres to study climate change and artificial intelligence

New specialised sections will study engineering and robotics.

New York University Abu Dhabi has announced four new research centres as part of its ambitious aims to combat climate change and enhance artificial intelligence.

The Research Institute at NYUAD will be the driving f...

BR Shetty appreciates the chance to 'clean his reputation in the UAE trial.

An English judge has denied Abu Dhabi Commercial Bank's (ADCB) bid to hold a $1.2 billion trial in London, accusing top executives of robbing private healthcare business NMC before it failed in 2020.

Judge Mark Pelling ruled that the trial should be held in Abu Dhabi, a setback to A...

Adex and the Brazilian delegation are looking at measures to improve economic cooperation

As of 2020, commerce between the UAE and Brazil was $2.7 billion, with agriculture items accounting for 60% of all Brazilian exports to the UAE and chemicals and sulphur accounting for the majority of Brazilian imports from the UAE.

Mohammed Saif-Al-Suwaidi, director-general of the Abu ...

The Ukraine conflict allows the UAE to pull Syria's Assad in from the cold

Since its military participation in the Syrian civil war in September 2015, one of Russia's main foreign policy objectives has been to persuade Gulf Arab monarchs to recognise the survival of Syrian President Bashar al-government Assad and its "legitimacy."

A slew of recen...

Adnoc Awards the Largest Sum to the Most Competitive Oil Companies

Abu Dhabi National Oil Company (Adnoc) has agreed to award a sum of $1.94 billion to various companies that are domestic and international, in aim that it would furthher boost the growth, and would add to the drilling growth of the capacity of the oil production of Emirates.

On Thursday...

ADNOC Establishes Debt Issuing Unit for Boosting Oil Production Capacity by 2030

The oil and gas giant of the United Arab Emirates, Abu Dhabi National Oil Corporation, has established a new debt issuing unit in order to assist in funding its projects, including the increase in oil production capacity from the current 4 million barrels per day to 5 million barrels per day by 2...

UAE Should Hold COP28 Talks on Oil and Gas

The third-biggest producer of OPEC is going to host the COP28 in the United Arab Emirates in 2023.

On 18th January, the Minister of Industry and Advanced Technology of the UAE, Dr. Sultan bin Ahmad Sultan al Jaber, said that the discussions during the COP28 should also include the input...

Energy Saving Technology to be Installed in Over 30 Buildings in Abu Dhabi

The Abu Dhabi Energy Services have announced that more than 30 buildings in the capital of UAE have been retrofitted with energy-saving technologies to reduce consumption and carbon footprint.

The ADES is a subsidiary of the Abu Dhabi National Energy Company and is responsible for provi...

Drone Attack in the UAE Kills 3

The Abu Dhabi Police has reported that a suspected drone attack caused an explosion that struck 3 oil tankers and a fire at the Abu Dhabi International Airport resulting in the death of three individuals and wounding another six on Monday.

The dead have been identified by the police tha...

UAE to Boost its Space Ambitions

The Advanced Technology Research Council of Abu Dhabi plans on increasing expertise that allows spacecraft to travel at a faster speed and go further than ever before.

The R&D center of Abu Dhabi is set to boost the space program of the United Arab Emirates. The center plans on deve...

ADNOC Launches 3.6 billion Dollars in Electrification Plan

The Abu Dhabi National Oil Company (ADNOC) has collaborated with a utility firm, TAQA, to launch an electrification project worth 3.6 billion dollars to achieve its emission goals.

The two companies are planning the construction of a subsea cable that transmits cleaner energy to rid the...

The Fina World Swimming Championships in UAE Come to an End

On Tuesday, spectators at the Etihad Arena in UAE witnessed the closing ceremony of the 15th edition of the Fina World Swimming Championships. The event featured world-class sporting competitions. 

Officials from Fina and the Abu Dhabi Sports Council attended the closing ceremony o...

LAXMI ORGANIC RAISES CASH FROM 15 ANCHOR INVESTORS

HIGHLIGHTS

• Laxmi Organic Industries Limited has raised Rs. 180 ten-million from 15 anchor investors a day before its Issue Opening.
• Based in Mumbai, Laxmi Organic Industries Limited manufactures specialty chemicals.

Mumbai-based spec...

ABU DHABI INVESTMENT AUTHORITY TO INVEST RS 5863.50 CRORE IN RELIANCE JIO PLATFORMS

Highlights

• Reliance Jio Platforms has managed to raise funds worth Rs 97,886 crore in last six weeks

• Abu Dhabi Investment Authority is the second company from the United Arab Emirates to bet on Jio Platforms after Mubadala

• This investment from AD...