Abu Dhabi

Global Capital Markets Closing Door on South Africa Government

Monday, November 18, 2019 - 11:18pm

ABU DHABI, United Arab Emirates, Nov. 18, 2019 (GLOBE NEWSWIRE) -- The Global Capital Markets are closing the door on the South African Government.

Key Points: 
  • ABU DHABI, United Arab Emirates, Nov. 18, 2019 (GLOBE NEWSWIRE) -- The Global Capital Markets are closing the door on the South African Government.
  • The Current Government simply refuses to listen and do what they have been told they must do" by the Global Capital Markets, to stop the country from completely failing, starting with Eskom.
  • Hiring another ill-fated CEO of a massively insolvent, operationally broken and corrupt company like Eskom is not the way forward for South Africa.
  • Eskom must undergo an independent detailed and comprehensiveForensic Auditon behalf of all creditors, vendors and stakeholders.

Boeing, Etihad Airways Select 787 Dreamliner for Strategic Partnership, Environmental Collaboration, Services Agreements

Monday, November 18, 2019 - 6:27am

"Innovation, productivity and sustainability are core values and objectives of Etihad Airways and of Abu Dhabi said Tony Douglas, Group Chief Executive of Etihad Aviation Group, at the 2019 Dubai Airshow.

Key Points: 
  • "Innovation, productivity and sustainability are core values and objectives of Etihad Airways and of Abu Dhabi said Tony Douglas, Group Chief Executive of Etihad Aviation Group, at the 2019 Dubai Airshow.
  • "The Boeing 787 Dreamliner is a key enabler of all three."
  • The specially-themed 787 will enter service early next year and operate regular flights in Etihad Airways' network, while periodically serving as a test bed for assessing environmental sustainability initiatives.
  • "We look forward to continuing our collaboration with Etihad Airways to identify more opportunities to improve efficiency across commercial aviation."

IMI and GustoMSC Naming Ceremony: IMI-2030

Thursday, November 14, 2019 - 5:27pm

ABU DHABI, UAE, Nov. 14, 2019 /PRNewswire/ -- International Maritime Industries (IMI) announced today it had officially named the new GustoMSC designed jack-up drilling rig the "IMI-2030".

Key Points: 
  • ABU DHABI, UAE, Nov. 14, 2019 /PRNewswire/ -- International Maritime Industries (IMI) announced today it had officially named the new GustoMSC designed jack-up drilling rig the "IMI-2030".
  • This comes just over a month since IMI signed a License Agreement with GustoMSC, an NOV company.
  • Commenting on the naming ceremony, Fathi K Al Saleem, CEO of IMI, said: "The naming of this jack-up drilling rig is a major step for IMI.
  • Given how important the Saudi Vision 2030 is to IMI and to GustoMSC, the name was highly appropriate.

IMI and GustoMSC Naming Ceremony: IMI-2030

Thursday, November 14, 2019 - 5:22pm

ABU DHABI, UAE, Nov. 14, 2019 /PRNewswire/ -- International Maritime Industries (IMI) announced today it had officially named the new GustoMSC designed jack-up drilling rig the "IMI-2030".

Key Points: 
  • ABU DHABI, UAE, Nov. 14, 2019 /PRNewswire/ -- International Maritime Industries (IMI) announced today it had officially named the new GustoMSC designed jack-up drilling rig the "IMI-2030".
  • This comes just over a month since IMI signed a License Agreement with GustoMSC, an NOV company.
  • Commenting on the naming ceremony, Fathi K Al Saleem, CEO of IMI, said: "The naming of this jack-up drilling rig is a major step for IMI.
  • Given how important the Saudi Vision 2030 is to IMI and to GustoMSC, the name was highly appropriate.

Jereh Introduces New Jebel Ali Warehouse at ADIPEC 2019

Thursday, November 14, 2019 - 5:58am

ABU DHABI, United Arab Emirates, Nov. 14, 2019 /PRNewswire/ --ADIPEC 2019 was held from November 11-14,engaging over 2,200 exhibitors and 145,000 attendees from 59 countries.

Key Points: 
  • ABU DHABI, United Arab Emirates, Nov. 14, 2019 /PRNewswire/ --ADIPEC 2019 was held from November 11-14,engaging over 2,200 exhibitors and 145,000 attendees from 59 countries.
  • Jereh, a global-leading oil & gas solution provider, held a ribbon-cutting for the establishment of its new warehouse in Jebel Ali, with 14 local clients and partners participating in the ceremony and over 30 customers in total witnessing the special moment.
  • The new warehouse will greatly shorten the delivery time and enable quicker response to customers' needs.
  • Mr. Haven Dong, VP of Jereh Middle East Region, said, "As we adopt a localized strategy, Jereh's business will cover more markets in the broader Middle East, especially after the opening of new warehouse.

CRO Advisors to Issue Eskom Debt Restructuring Report; Liabilities and Capital Requirements ~2.3 Trillion Rand ($150BN USD) over next 5 years

Tuesday, November 12, 2019 - 7:34pm

ABU DHABI, United Arab Emirates, Nov. 12, 2019 (GLOBE NEWSWIRE) -- CRO Advisors to Issue Eskom Debt Restructuring Report.

Key Points: 
  • ABU DHABI, United Arab Emirates, Nov. 12, 2019 (GLOBE NEWSWIRE) -- CRO Advisors to Issue Eskom Debt Restructuring Report.
  • Finds Eskom debts, liabilities and capital needs ~2.3 Trillion Rand ($150BN USD) over next 5 years.
  • Eskoms ~500BN on balance sheet debt, ~128BN off balance sheet debt, and 1,072BN in unavoidable cost over next 5 years, represents a staggering 76% of South Africas total current debt.
  • SA total debt obligations are ~5.3 Trillion Rand, including Eskoms liabilities and capital requirements, excludingother substantial cash requirements for other failing State-Owned Companies, excluding sizable Tax collection gaps and other sizable growing fiscal gaps.

Sheikh Shakhbout Medical City Opens in Abu Dhabi

Tuesday, November 12, 2019 - 1:45pm

The Sheikh Shakhbout Medical City (SSMC), one of the 10 largest hospitals in the United Arab Emirates (UAE), opened its doors recently, marking the completion of a 10-year, 3.2-million square foot project.

Key Points: 
  • The Sheikh Shakhbout Medical City (SSMC), one of the 10 largest hospitals in the United Arab Emirates (UAE), opened its doors recently, marking the completion of a 10-year, 3.2-million square foot project.
  • Leading global design firm Stantec led the master planning, architectural, interior, and landscape design of this flagship institution for the Abu Dhabi Health Services Company (SEHA).
  • View the full release here: https://www.businesswire.com/news/home/20191112005344/en/
    Strategically located in Abu Dhabi, the new facility will improve access to world-class healthcare for residents.
  • In Abu Dhabi specifically, the city has set specific priorities , including reducing capacity gaps, improving the quality of healthcare services, and attracting and retaining top healthcare professionals.

ADIPEC 2019 - FutureOn® Launches the Subsea Digital Alliance

Monday, November 11, 2019 - 1:00pm

ABU DHABI, United Arab Emirates, Nov. 11, 2019 /PRNewswire-PRWeb/ --FutureOn is pleased to announce the first annual SUBSEA DIGITAL ALLIANCE at ADIPEC in Abu Dhabi in Nov 2019.

Key Points: 
  • ABU DHABI, United Arab Emirates, Nov. 11, 2019 /PRNewswire-PRWeb/ --FutureOn is pleased to announce the first annual SUBSEA DIGITAL ALLIANCE at ADIPEC in Abu Dhabi in Nov 2019.
  • Powered by Microsoft Azure, the Digital Alliance we be showcased at the Norwegian Pavilion in Hall 8 Stand# 8916.
  • The industry frontrunner in the offshore digital space, FutureOn, launches the Subsea Digital Alliance to bring together the best subsea solutions emerging from Norway to ADIPEC to showcase how smart collaborative digital technology is meant to work.
  • "The Subsea Digital Alliance brings best in class Norwegian technology solutions together to visualize subsurface and subsea data to drive collaboration, increase transparency, reduce costs, speed workflows and improve operations."

Intercontinental Exchange Partners With ADNOC and Some of the World's Largest Energy Traders in the 2020 Launch of ICE Futures Abu Dhabi, a New Futures Exchange

Monday, November 11, 2019 - 12:43pm

The nine companies supporting the launch of ICE Futures Abu Dhabi are BP, GS Caltex, INPEX, JXTG, PetroChina, PTT, Shell, TOTSA (Total) and Vitol.

Key Points: 
  • The nine companies supporting the launch of ICE Futures Abu Dhabi are BP, GS Caltex, INPEX, JXTG, PetroChina, PTT, Shell, TOTSA (Total) and Vitol.
  • The news follows the announcement from ICE earlier today regarding the planned launch of ICE Futures Abu Dhabi and ICE Murban futures in the first half of 2020, subject to relevant regulatory approvals.
  • Having a new, independent exchange in Abu Dhabi will not only benefit the UAE, but also physical and financial oil traders around the world."
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

Intercontinental Exchange Partners With ADNOC and Some of the World's Largest Energy Traders in the 2020 Launch of ICE Futures Abu Dhabi, a New Futures Exchange

Monday, November 11, 2019 - 12:32pm

The nine companies supporting the launch of ICE Futures Abu Dhabi are BP, GS Caltex, INPEX, JXTG, PetroChina, PTT, Shell, TOTSA (Total) and Vitol.

Key Points: 
  • The nine companies supporting the launch of ICE Futures Abu Dhabi are BP, GS Caltex, INPEX, JXTG, PetroChina, PTT, Shell, TOTSA (Total) and Vitol.
  • The news follows the announcement from ICE earlier today regarding the planned launch of ICE Futures Abu Dhabi and ICE Murban futures in the first half of 2020, subject to relevant regulatory approvals.
  • Having a new, independent exchange in Abu Dhabi will not only benefit the UAE, but also physical and financial oil traders around the world."
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.