Corporate World

The UAE division of ULO Systems, a wholly owned private company and a leading provider of services within the oil and gas and construction industries, has won a major contract in Bangladesh to provide in-country equipment and services to MAX Group on the $2.2bn Roopur Nuclear Project.

Allsopp & Allsopp pick up four awards including Best Brokerage at the Property Finder Awards held on Wednesday the 5th of December at the Armani Hotel, Dubai.

Arabian Automobiles, the flagship company of the AW Rostamani Group and the exclusive dealer for Renault in Dubai, Sharjah and the Northern Emirates, has announced the arrival of the all-new Renault Megane R.S across its network. Created for those who value style and performance, the new Megane integrates state-of-the-art technology for remarkable performance, meeting the aspirations of car lovers.

OPPO made a range of new announcements at its technology focused ‘2018 OPPO Technology Exhibition’ in Shenzhen.  Tony Chen, Founder, and CEO of OPPO, announced an increase in R&D spending to USD 1.43 billion next year – a 150% year-on-year increase - and that the company would continue to increase investment on a yearly basis. With the increased R&D capital, OPPO will integrate its supply chain and build on its technical expertise to enhance the company’s technological capabilities. Furthermore, OPPO will leverage AI to develop a range of smart devices, including smart watches and smart home technologies, to explore and meet the increasingly rigid demands of consumers in the age of the Internet of Things (IoT).

Mubadala Petroleum announces that it has completed the acquisition from Italy’s Eni of a 20 percent participating interest in the Nour North Sinai Offshore Area (”Nour”) concession, an offshore exploration block in Egypt.