Abu Dhabi’s ADNOC Drilling signs deal to acquire two offshore drilling units
ADNOC Drilling, a subsidiary of Abu Dhabi National Oil Company (ADNOC), is acquiring two more premium offshore jack-up drilling units, to boost its oil production capacity and meet growing demand, the company said on Monday. The company has just signed a sale and purchase agreement (SPA) for the drilling unit expansion, which is part of […]
Utico plans share buyback ahead of IPO
Utico, a UAE’s utility firm, plans a share buyback ahead of its initial public offering (IPO) and stock market listing later this year. The privately-owned firm is in talks with six banks for the IPO and listing. “As part of the IPO preparations, shareholding changes are underway where consolidation is ongoing,” said Richard Menezes, […]
SAA in bid make new alliances at Air Cargo India
Sharjah International Airport Authority (SAA) will participate in Air Cargo India 2022 – scheduled to be held in Mumbai from May 31 to June 2 to showcase its latest services, strengthen existing partnerships and develop new alliances. This event, which will be held at Grand Hyatt in Mumbai, is one of the most important exhibitions […]
UAE-Egypt-Jordan industrial partnership paves way for ‘unprecedented cooperation’— Shamali
The comprehensive industrial partnership for a sustainable economic development initiative that Jordan, the UAE and Egypt signed on Sunday establishes “unprecedented cooperation” to realise economic integration in various fields, mainly at industry level, Minister of Industry, Trade and Supply Yousef Shamali said on Sunday. In a press statement following the signing ceremony, Shamali said that […]
Malaysia’s Serba Dinamik signs agreements for vertical farming, oil and gas, construction projects in the UAE
Malaysia-based international energy services company Serba Dinamik Sdn Bhd (Serba Dinamik) announced on Monday that it has signed Memorandum of Agreements (MoA) in the UAE for vertical farming, infrastructure and property development, and integrated solutions for the oil and gas industry. The statement quoted the group managing director and chief executive Officer Dato’ Dr Mohd […]
Top Dubai DFM-listed firms to be part of London investor roadshow
Top Dubai Financial Market (DFM)-listed companies, including the new entrant Dubai Electricity and Water Authority (DEWA), are set to be part of a London investor roadshow next month amid measures by the exchange to revive itself. The DFM plans to organize its annual 2022 International Investors Roadshow on 9th and 10th June 2022, in collaboration […]
Second citizenship market to hit $100bln by 2025 on big Mideast investor interest
With more and more people from the region applying for a second citizenship in hotspots like Portugal and the Caribbean countries (mainly Dominica and St. Kitts) – thanks to the tax breaks, wealth management and smooth travel to more than 130 countries – the global citizenship industry is booming and is poised to reach $100 […]
AD Ports Group to host Ports Authorities Roundtable
AD Ports Group, the region’s premier facilitator of logistics, industry, and trade, will host the 7th Edition of Ports Authorities Roundtable (PAR 2022), a major annual maritime event that brings together port authorities from around the world together. The event is taking place at a crucial time for the ports and shipping sectors, […]
UAE President receives Jordanian and Egyptian PMs
President His Highness Sheikh Mohamed bin Zayed Al Nahyan received today, Jordanian Prime Minister Bisher al-Khasawneh and Egyptian Prime Minister Mostafa Madbouly, who are currently visiting the UAE to sign ”Industrial partnership for Sustainable Economic Growth” among the UAE, Jordan and Egypt that its details will be announced on Sunday. During the meeting, held […]
Dubai Airports ‘running special transport services between DWC and DXB’
Dubai Airports has announced that during the closure of the Northern Runway at Dubai International (DXB), a number of flights are being redirected to Dubai World Central (DWC) to ensure minimal operational disruption. Dubai Airports is the operator of both of Dubai’s airports – Dubai International (DXB) and Dubai World Central (DWC). Throughout the 45-day […]