UniCredit plans thousands of job cuts

Milan: UniCredit SpA is considering thousands of job cuts and slashing operating costs as part of a new strategic plan to be unveiled in December, according to people familiar with the matter. The Italian lender is weighing as many as 10,000 cuts, though final numbers are still under review and may be much lower, the […]

ADNOC signs framework agreement with CNOOC

Abu Dhabi: The Abu Dhabi National Oil Company (ADNOC) on Monday signed the Strategic Framework Agreement with China National Offshore Oil Corporation (CNOOC) to explore new opportunities for collaboration in both the upstream and downstream sectors as well as in LNG (liquefied natural gas). The exchange of the signed agreement was witnessed by His Highness […]

Landmark visit to help attract Chinese businesses to UAE

Dubai: The state visit to China by a senior delegation from the UAE this week is expected to boost trade ties between the two countries and attract more Chinese business to the region, experts said. A delegation from the country, headed by His Highness Shaikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi […]