Emiratisation

Phoenix Group PLC Announces New IPO Date: December 5th, 2023, Following UAE National Day Celebrations

Retrieved on: 
Tuesday, November 28, 2023

To honor this occasion and ensure comprehensive participation in the IPO, Phoenix Group PLC has rescheduled its listing date to December 5th, 2023.

Key Points: 
  • To honor this occasion and ensure comprehensive participation in the IPO, Phoenix Group PLC has rescheduled its listing date to December 5th, 2023.
  • "With profound respect for the UAE's traditions and in celebration of the National Day, we have moved our IPO date to December 5th," stated Bijan, Group CEO of Phoenix Group PLC.
  • Phoenix Group PLC advises all interested investors and parties to take note of the new IPO date.
  • "We anticipate a warm reception from investors when we list on ADX this December 5th," added Munaf, Group MD of Phoenix Group PLC.

Petrofac Limited: ADNOC Gas awards Petrofac contract for landmark carbon capture, utilisation and storage project

Retrieved on: 
Tuesday, October 3, 2023

Petrofac Limited: ADNOC Gas awards Petrofac contract for landmark carbon capture, utilisation and storage project

Key Points: 
  • Petrofac Limited: ADNOC Gas awards Petrofac contract for landmark carbon capture, utilisation and storage project
    ADNOC GAS AWARDS PETROFAC CONTRACT FOR LANDMARK CARBON CAPTURE, UTILISATION AND STORAGE PROJECT
    Petrofac, a leading international service provider to the energy industry, has been awarded an Engineering, Procurement and Construction (EPC) contract by ADNOC Gas for its Habshan Carbon Capture, Utilisation and Storage (CCUS) project, one of the largest carbon capture projects in the Middle East and North Africa region.
  • The contract is valued at more than US$600 million and involves the delivery of carbon capture units, associated pipeline infrastructure and a network of wells for carbon dioxide (CO2) recovery and injection.
  • Located at the Habshan gas processing plant, 150 kilometres southwest of Abu Dhabi, the project is part of ADNOC’s accelerated decarbonisation plan.
  • With a commitment to deliver In-Country Value, Emiratisation is a key business priority and Petrofac is actively promoting current career opportunities.

Petrofac Limited: ADNOC AWARDS PETROFAC US$700 MILLION EPC PROJECT

Retrieved on: 
Friday, June 30, 2023

Petrofac, a leading international service provider to the energy industry, has been selected by the Abu Dhabi National Oil Company (ADNOC) subsidiary, ADNOC Gas Processing, to undertake a significant new Engineering, Procurement and Construction project at its Habshan Complex.

Key Points: 
  • Petrofac, a leading international service provider to the energy industry, has been selected by the Abu Dhabi National Oil Company (ADNOC) subsidiary, ADNOC Gas Processing, to undertake a significant new Engineering, Procurement and Construction project at its Habshan Complex.
  • The contract, awarded to Petrofac Emirates, is valued at approximately US$700 million and involves the Engineering, Procurement and Construction of a new gas compressor plant.
  • Tareq Kawash, Petrofac's Group Chief Executive, said: “We are thrilled to have been selected by ADNOC, one of Petrofac’s longest-standing customers, to undertake this significant new EPC project in our home market of the UAE.
  • With a commitment to deliver In-Country Value, Emiratisation is a key business priority and Petrofac is actively promoting current career opportunities.

The 16th Edition of Tawdheef x Zaheb - UAE’s Leading Platform for Emiratisation - to inaugurate in the Presence and Under the Patronage of His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance

Retrieved on: 
Thursday, November 10, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221110005558/en/
    The 16th edition of Tawdheef x Zaheb - UAEs leading platform for Emiratisation - to inaugurate in the Presence and Under the Patronage of His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance (Photo: Business Wire)
    This year, the event is being launched under a new identity, Tawdheef x Zaheb.
  • In this new form, it is especially focused on empowering and enabling young Emiratis as well as potential employers to take advantage of the UAE government's enhanced Emiratisation policies.
  • The organisers have taken special care to ensure that the event is People-of-Determination friendly, so as to give them equal access to emerging careers and opportunities.
  • In its 16th edition, the event has drawn some of the biggest organisations in the region to the event.

Mohamed bin Zayed University of Artificial Intelligence Advances the UAE’s National Strategy for AI with New Supercomputer Built by Hewlett Packard Enterprise

Retrieved on: 
Tuesday, October 11, 2022

Hewlett Packard Enterprise (NYSE: HPE) today announced it is building a new supercomputer for Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), a university dedicated solely to AI, to accelerate AI-driven scientific discovery and advance the UAEs goal to be a global AI leader.

Key Points: 
  • Hewlett Packard Enterprise (NYSE: HPE) today announced it is building a new supercomputer for Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), a university dedicated solely to AI, to accelerate AI-driven scientific discovery and advance the UAEs goal to be a global AI leader.
  • Established in 2019, MBZUAI has already ranked 24th in the world for artificial intelligence, computer vision, machine learning, and natural language processing.
  • The new supercomputer will help MBZUAI support the UAEs National Strategy for AI , bringing together the power of academia, government, and industry to strengthen the countrys global competitiveness.
  • We are proud to support the UAEs national strategy for AI by helping MBZUAI grow its contribution to research and education.

Tawdheef Returns to Abu Dhabi with a Renewed Vision to Promote Career Development of UAE Nationals

Retrieved on: 
Tuesday, September 13, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20220913005741/en/
    Tawdheef Returns to Abu Dhabi with a Renewed Vision to Promote Career Development of UAE Nationals (Photo: Business Wire)
    This year, the exhibition's main goal is to support young Emiratis in their journey to advance their careers and discover new opportunities in the corporate world and entrepreneurship.
  • This move is all part of our commitment to support career development in Abu Dhabi and across the UAE," Harb commented.
  • Aligned with the UAE Vision 2021, Tawdheef helps Emirati attendees have the chance to learn about various career paths, receive advice from industry experts, and network with potential employers.
  • "Empowering and developing the capabilities of UAE Nationals and providing them with the necessary skills is the main priority behind our participation in Tawdheef 2022.