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Al Hilal Bank to sell Takaful to Siraj Holding

ABU DHABI, 19th January, 2020 (WAM) Al Hilal Bank, a wholly-owned subsidiary of Abu Dhabi Commercial Bank, ADCB, has agreed to sell Al Hilal Takaful, its Islamic insurance business and operations, to Siraj Holding LLC. The transaction is expected to be completed during the first quarter of 2020, subject to …

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Sanad Powertech awarded Shams Power Company maintenance contract

ABU DHABI, 18th January, 2020 (WAM) Sanad Powertech, a wholly-owned subsidiary of Mubadala Investment Company, has been awarded a contract for the maintenance, repair and overhaul, MRO, operations of the steam engine and power generator of Shams Power Company, one of the largest operational concentrated solar power plants in the …

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UAE-Japan sign Strategic Energy Cooperation Agreement

ABU DHABI, 13th January, 2020 (WAM) His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Shinzo Abe, Prime Minister of Japan, witnessed today the signing of the UAE-Japan Strategic Energy Cooperation Agreement between the Abu Dhabi …

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Borouge establishes a marketing company in Egypt

Abu Dhabi January 12, 2020 and mother Borouge Petrochemical Company – a pioneer in providing innovative high-value plastic solutions – announced the establishment of a new marketing company in Cairo. The establishment of Borouge a new marketing company in Egypt within the framework of its development strategy and its keenness …

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Mohamed bin Zayed, Indonesian President discuss cooperation

ABU DHABI, 12th January, 2020 (WAM) His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, today discussed with President of Indonesia Joko Widodo, friendship and cooperation between the two countries and ways to enhance them in all …

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UAE reaffirms importance of regional de-escalation

ABU DHABI, 8th January, 2020 (WAM) The Ministry of Foreign Affairs and International Cooperation said it was closely following regional developments, and reaffirmed the importance of de-escalating current tensions. In a statement issued on Wednesday, the Ministry stressed the importance of dialogue and political solutions in the current situation. It …

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Emirati employees at ADNOC to see increase in pensions salary

ABU DHABI, 7th January, 2020 (WAM) The Abu Dhabi National Oil Company, ADNOC, signed today, an agreement with Abu Dhabi Retirement Pensions and Benefits Fund, ADRPBF, to improve the pension offering of ADNOC’s UAE national employees, the majority of which are based at onshore and offshore operational sites. The signing …

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