INSEAD Day 4 - 728x90

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Abu Dhabi Ship Building signs MoU

ADSB operates three main naval programmes: Corvettes, offshore patrol vessels and fast interceptor vessels. (ADSB)
  • They will build a range of interceptors, landing craft, and rigid-hull inflatable boats (RHIBs) for Indonesia’s naval and coast guard requirements.
  • ADSB operates three main naval programmes: Corvettes, offshore patrol vessels and fast interceptor vessels.

Jakarta, Indonesia– Abu Dhabi Ship Building (ADSB), an EDGE entity, today signed a Memorandum of Understanding with PT PAL Indonesia, Indonesia’s state-owned shipbuilder, to build a range of interceptors, landing craft, and rigid-hull inflatable boats (RHIBs) for Indonesia’s naval and coast guard requirements.

The deal was signed by Maktoom Al Shehhi, Director of MRO at ADSB and Dr. Kaharuddin Djenod, CEO of PT PAL Indonesia, on the second day of the Indo Defence Expo & Forum 2022, being held at JIExpo Kemayoran in Jakarta, Indonesia, until 5th November.

ADSB operates three main naval programmes: Corvettes, offshore patrol vessels and fast interceptor vessels. The company also provides a full range of services, including maintenance, repair and refit, upgrade and conversion, as well as design and engineering consultancy.

David Massey, CEO of ADSB, said, “Our cooperation with PT PAL clearly strengthens our investment in Indonesia and the global export success of our world-class vessels.”

Dr. Kaharuddin Djenod, CEO of PT PAL Indonesia, said, “We are pleased to sign this MoU with Abu Dhabi Ship Building, which will support our objective of strengthening the Indonesian naval and defence industry. This collaboration will strengthen PT PAL’s role in mastering naval technology in Indonesia.”