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China’s CEFC awarded 4% Interest in ADCO Onshore Concession

20 Feb 2017

Abu Dhabi National Oil Company (ADNOC), today, signed an agreement with the CEFC China Energy Company Limited (CEFC China), awarding it the final 4% interest in Abu Dhabi’s onshore oil concession. CEFC contributed a sign-up bonus of AED 3.3 billion ($888 million) to enter the concession. The onshore concession is operated by the Abu Dhabi Company for Onshore Petroleum Operations (ADCO).

The agreement, which has a term of 40 years, backdated to January 1, 2015, was signed by His... Read More

Sheikha Lubna Al Qasimi discusses joint cooperation prospects with Armenian President's Chief of Staff

20 Feb 2017

WAM -- Sheikha Lubna bint Khalid Al Qasimi, Minister of State for Tolerance, confirmed the robustness of bilateral relations between the UAE and the Republic of Armenia.

This came during a meeting with Armen Gevorgyan, the President's Chief of Staff today in Abu Dhabi to discuss joint cooperation prospects and issues related to the promotion of mutual respect, tolerance, understanding and cooperation to enhance strategic areas of interest for the two countries.

Sheikha Lubna... Read More

China Federation of Industrial Economics forms strategic partnership with Global Manufacturing and Industrialisation Summit in Abu Dhabi, March 27th to 30th

20 Feb 2017

WAM -- The China Federation of Industrial Economics, CFIE, has announced that it has established a strategic partnership with the Global Manufacturing and Industrialisation Summit, GMIS, being hosted in Abu Dhabi by the UAE Ministry of Economy and the United Nations Industrial Development Organisation, UNIDO, at the Paris-Sorbonne University Abu Dhabi from March 27th to 30th.

As China’s largest federation of industrial associations, the CFIE promotes the key topics that the Global... Read More

H.H. Sheikh Abdullah bin Zayed and Russian Trade and Industry Minister discuss co-operation

20 Feb 2017

WAM -- H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Co-operation, has received Denis Manturov, Russian Trade and Industry Minister, during meeting on the sidelines of the International Defence Exhibition and Conference (IDEX) 2017 in Abu Dhabi.

During their discussions, they reviewed co-operation between the UAE and the Russia Federal Republic, and ways to strengthen it in all areas.

Sheikh Abdullah bin Zayed welcomed the visiting... Read More

HH Sheikh Mohammed tours IDEX 2017

20 Feb 2017

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, accompanied by Crown Prince of Dubai His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, visited a number of Arab and foreign pavilions at the International Defence Exhibition and Conference (IDEX 2017).

His Highness Sheikh Mohammed bin Rashid visited the Saudi pavilion where he was briefed on the military equipment and production made by the Saudi Military... Read More

Dubai Duty Free Tennis Championships take off!!

20 Feb 2017

Caroline Garcia was the first player to reach the second round of the Dubai Duty Free Tennis Championships today when she overcame Johanna Larson 6-3 6-3. Garcia was a semi-finalist last year and also finished as runner-up in the doubles, and she took just 67 minutes to get her 2017 campaign underway while saving all four break points she faced.

There was also a 6-3 6-3 win for Samantha Stosur, a three-times quarter-finalist between 2011 and 2013, as she defeated qualifier Kai-Lin... Read More

H.H. Lt. General Sheikh Saif bin Zayed opens NAVDEX 2017

20 Feb 2017

WAM -- H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Interior Minister, opened on Sunday Naval Defence Exhibition and Conference, NAVDEX 2017, being held at the opposite quay platform to Abu Dhabi National Exhibition Centre.

The event is part of International Defence Exhibition Conference, IDEX 2017.

The inauguration ceremony was attended by Staff Major General Ibrahim Salim Mohammad Al-Musharkh; Commander of the Naval Forces, Staff Major General... Read More

21 deals worth over AED 4.41 billion signed on opening day of IDEX 2017

20 Feb 2017

His Excellency Brigadier-General Rashid Mohammed Al Shamsi, Official Spokesperson for the 13th edition of the International Defence Exhibition and Conference (IDEX 2017), announced that 21 deals worth more than AED4.416 billion have been signed today at IDEX.

15 of the deals are with national companies and the remaining 6 with international companies. The deals were announced in a press conference at Abu Dhabi National Exhibition Centre. Also headlining the conference were Major-... Read More

China National Petroleum Corporation Awarded 8% Stake in ADCO Onshore Concession by ADNOC

19 Feb 2017

Abu Dhabi National Oil Company (ADNOC), today, signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in Abu Dhabi’s onshore oil concession. CNPC contributed a sign up bonus of AED 6.5 billion ($1.77 billion) to enter the concession. The onshore concession is operated by the Abu Dhabi Company for Onshore Petroleum Operations (ADCO).

The agreement was signed by His Excellency Dr Sultan Ahmed Al Jaber, ADNOC Group Chief Executive Officer and... Read More

Made in UAE cost-effective weapons system SIHAM3 unveiled at Navdex 2017

19 Feb 2017

WAM -- UAE company, Siham Al Khaleej Technology, SAKT, together with Leonardo, the Italian high-tech company in aerospace, defence and security and MBDA, jointly owned by Airbus Group, Bae Systems and Leonardo, have unveiled a new combined Anti-Air and Anti-Surface Weapon System, SIHAM3, a naval defence system, at Navdex 2017.

The companies say that the cost-effective weapons system provides a comprehensive and stand-alone anti-air and anti-surface capability to all types of warships... Read More