BusinessLatest Business and Company Updates
Adnoc to Invest $2 Billion in Offshore Field Expansion
Abu Dhabi National Oil Company (Adnoc) is set to award a $2 billion contract aimed at increasing production from its offshore oil fields. This investment underscores Adnoc’s commitment to boosting its oil output as part of its strategy to meet global energy demands and support the UAE’s economic growth.The contract,
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Amanat Holdings Nets AED 294 Million from Sale of Dubai School Assets
Amanat Holdings has achieved a significant financial return, posting a net cash gain of AED 294 million following the sale of North London Collegiate School’s real estate assets in Dubai. The deal, valued at AED 453 million, marks a
ADNOC Drilling Secures Majority Stake in SLB’s Gulf Operations
ADNOC Drilling has entered into an agreement to acquire a 70% stake in SLB's land drilling rigs business in Kuwait and Oman for $112 million. The joint venture encompasses eight fully operational land rigs—two in Kuwait and six in Oman—currently
Durov’s Arrest Sparks Global Outcry, Over 2 Million Sign #FREEDUROV Petition
Telegram founder Pavel Durov's detainment by French authorities at Le Bourget Airport near Paris has triggered a global wave of protests. Over 2 million people have signed an online petition urging his release, highlighting growing concerns over digital privacy and