UAE signs $1.22bn in deals on day one of IDEX and NAVDEX 2023

Deals worth $1.22bn signed on day one of IDEX and NAVDEX 2023

A total of 11 deals with signed, of which six contracts were awarded to local companies


TotalEnergies announces start of gas production from Oman’s onshore Block 10

TotalEnergies holds a 26.55 per cent interest in Block 10, with OQ retaining 20 per cent and Shell holding 53.45 per cent

Domestic workers

UAE’s new domestic worker law comes into force today

The law stipulates providing an appropriate work environment for domestic workers

qatar coinmena

Saipem wins $4.5bn installation contract from Qatargas

The contract, the biggest in the Milan-based company’s history, involves the installation of two offshore gas compression complexes in the North Field

ADNOC awards $980m contract

ADNOC awards $980m contract to spur UAE’s offshore energy resources

Over 80 per cent of the contract value will flow back into the country’s economy under ADNOC’s In-Country Value programme

Saudi launches new service allowing investors to start a business from outside the kingdom

Under the new service, investors can complete the process of authenticating the agency and attesting the establishment contract in three steps

Hertz says it’s already receiving Teslas; doesn’t address Musk tweet

The rental-car company unveiled its EV initiative last week

Abu Dhabi’s ADNOC awards $744m EPC contract to NPCC

The development will enable the Belbazem Offshore Block to achieve a crude oil production capacity of 45,000 bpd, and is expected to be operational by 2023

Philippines to resume deployment of domestic workers to the UAE from March 31

The deployment of Filipino workers to the UAE has been suspended since 2014

Shanghai Electric awarded contract for 5th phase of Dubai solar park

The Solar Park project is the largest single-site solar power plant in the Middle East