Adnoc terminates Petrofac’s contract for Dalma gas project
Petrofac's scope of work in the project was valued at $1.5billion...
Tag : UAE
ADIB: First Islamic bank to complete digital trade finance transaction
Abu Dhabi Islamic Bank completed the transaction with the help of TradeAssets, a blockchain-based trade finance emarket...
Saudi Arabia-Russia agree to slash oil output and end the oil price war
The parties agreed to cut production by about 10 million barrels a day in May and June...
Airlines in UAE could lose $5.36 bn in revenue due to coronavirus
IATA reports that around 287,863 jobs could be cut in the UAE aviation sector...
Adnoc to continue investments to achieve 2030 targets
Adnoc wants to produce 5 million barrels of oil per day by 2030...
Mubadala to launch a healthcare fund in light of Covid-19 outbreak
The fund will invest in digital health technology and life science...
ADPower, Tadweer to develop two waste to energy plants
The proposed plants will have a potential to transform up to 1.5 million tonnes of municipal waste into energy annually...
UAE Insurance Authority to delay BOD-49 until six months
Some insurance companies in the country have expressed it requires more than the stipulated time for successful implementation...
UAE banks provide 98% of services digitally amid coronavirus outbreak
A study also revealed that digital banking users significantly increased to 90%...
UAE lifts ban on Skype, HangOut to enable smooth business operations
Microsoft Skype for Business and Google HangOut are now compatible with fixed internet networks in the country...