ADNOC Drilling Company and Alpha Dhabi Holding announced today that their joint venture Enersol RSC LTD has agreed to acquire an additional 42.206% equity stake in Gordon Technologies LLC for consideration of approximately $270 million, making Enersol the majority equity holder.
Tag: UAE
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Bayanat, IMKAN to develop smart mobility infrastructure project on ‘SHA Island Emirates’
Bayanat and IMKAN Properties today signed a Memorandum of Understanding for the development of a smart mobility infrastructure project on SHA Island Emirates at AlJurf.
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ADNOC fully redeems Exchangeable Bonds in ‘ADNOC Distribution’
Abu Dhabi National Oil Company (ADNOC) PJSC (ADNOC) confirmed that it has redeemed in full its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution).
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E7 Group to invest AED182 million in security solutions business segment
E7 Group today announced plans to invest AED182 million (approximately US$50 million) in ambitious organic growth initiatives across its security solutions business segment, E7 Security.
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Sorbonne University Abu Dhabi, Technology Innovation Institute to advance Quantum Science and Technology
Sorbonne University Abu Dhabi (SUAD) has signed an agreement with the Technology Innovation Institute (TII) to foster research and development in the field of Quantum Science and Technology (QST).
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Fierce competition at Youth MMA Championship at Dubai’s Shabab Al Ahli Club
Young mixed martial arts talents from the leading clubs and academies in the UAE took centre stage at the Youth MMA Championship held at Dubai’s Shabab Al Ahli Club on Saturday.
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Participants, partners of 6th Young Arab Media Leaders Programme honoured
Dr. Sultan Saif Al Neyadi, Minister of State for Youth Affairs and Deputy Chairman of the Arab Youth Centre, attended the ceremony honouring 53 young men and women from 16 Arab countries and more than 20 international and Arab media institutions.
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Bodour Al Qasimi urges AUS graduates to stand up for what’s right
American University of Sharjah (AUS) celebrated the achievements of 753 of its graduating students in its Spring 2024 commencement ceremonies held on June 8.
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Ministry of Economy, TDRA announce new resolutions on controls, procedures regulating telemarketing effective mid-August 2024
The Ministry of Economy and the Telecommunications and Digital Government Regulatory Authority (TDRA) have announced a new resolution regulating marketing through phone calls, and another resolution detailing violations and administrative penalties related to telemarketing practices.
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Abdullah bin Zayed chairs meeting of ‘Education Council’, follows up on efforts to boost education quality
H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and Chairman of the Education and Human Resources Council, chaired the council’s meeting, which was held virtually.