ADNOC Drilling has enhanced its operational capabilities by receiving two new jack-up rigs, set to become operational in the first quarter of 2025.
This expansion brings the company's fleet to 142 rigs, solidifying its position among the world's largest drilling companies.
The addition of these rigs highlights ADNOC Drilling’s successful operational strategy in 2024.
An analytical report by JP Morgan praised the company's stable performance since its IPO, consistently exceeding expectations across market cycles.
The company also made significant strides in joint ventures, with "Inersol" acquiring four oilfield services companies, and "Turnwell" achieving a record time in initial drilling operations.
Looking ahead, ADNOC Drilling expects continued growth, having raised its financial forecast for 2025 after strong third-quarter results.
The company is on track to achieve a record performance in the fourth quarter with positive growth indicators.
US automaker Tesla has warned that it and other major American exporters are exposed to retaliatory tariffs that could be leveled in response to President Donald Trump's aggressive use of tariffs.
The Abu Dhabi Fund for Development (ADFD) has announced the launch of the “Sofitel Legend Pyramids Giza” project, a luxury five-star hotel intended to be a landmark addition to the hospitality and tourism sector in Egypt.
The value of transactions conducted in the banking sector within the country through the UAE Funds Transfer System (UAEFTS) rose to AED 19.898 trillion during 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).
Dubai Electricity and Water Authority (DEWA) announced a contribution of AED 20 million to the Fathers' Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai.