Deepthi Nair

1 week ago | thenationalnews.com | Deepthi Nair

Adnoc Drilling, the Middle East's largest drilling company, has signed a joint venture agreement with global oilfield services company SLB for its land drilling rigs business in Kuwait and Oman, as the Abu Dhabi company seeks to expand beyond the UAE. The Abu Dhabi company will acquire a 70 per cent stake in the joint venture, it said on Thursday.

1 week ago | thenationalnews.com | Deepthi Nair

The UAE Central Bank has fined two branches of foreign banks operating in the country a cumulative fine of Dh18.1 million ($4.9 million) for breaching anti-money laundering regulations, as the fight against illegal financial activity continues. The regulator imposed a fine of Dh10.6 million on the first bank and Dh7.5 million on the second bank, it said in a statement on Wednesday, without naming the lenders.

1 week ago | thenationalnews.com | Deepthi Nair

The shift in the UAE’s workforce to being more long-term, settled and multigenerational is leading to a change in employees’ expectations around workplace flexibility, personalisation and long-term support, a report from professional services firm Marsh and global consultancy Mercer has found. The workforce now consists of four generations in one organisation, especially in academia, Adel Alderi, senior consultant at Mercer Marsh Benefits, told The National.

1 week ago | thenationalnews.com | Deepthi Nair

The agreement between Dubai's global ports operator DP World and Oman to develop and operate the Al Rawdah Special Economic Zone shows the Gulf economies' intent to strengthen their position at the centre of new global supply chains. The deal for the site in Mahadha, in Oman’s Al Buraimi governorate, was signed during the visit of a high-level UAE delegation to Oman, led by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence.

2 weeks ago | thenationalnews.com | Deepthi Nair

Abu Dhabi's off-plan sales in April were up 75 per cent month-on-month to Dh804 million, driven by a pick-up in activity in Saadiyat Island and Al Jubail Island, EFG Hermes said. AFP