(Bloomberg) — Abu Dhabi will invest 448 billion dirhams ($122 billion) in oil and natural gas over the next five years as it seeks to raise production capacity, even while OPEC restricts its output.
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Abu Dhabi plans to spend $122bn on oil over next five years
Abu Dhabi will invest 448 billion dirhams ($122 billion) in oil and natural gas over the next five years as it seeks to raise production capacity, even while OPEC restricts its output. The Gulf …
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ADNOC to drive more than $43.6bln back into UAE economy from 2021-25
The oil giant announces discovery of substantial recoverable unconventional oil resources located onshore, estimated at 22bln stock tank barrels …
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New regulations to spur growth of life insurance in UAE
Covid-19 may prove to be a catalyst for changing attitudes toward life insurance among expats and nationals in the UAE …
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Dubai permits COVID-19 saliva tests for children
Dubai’s health regulator said on Sunday children aged between 3-16 could now be tested for COVID-19 by providing a saliva sample instead of the widely used nasal swab. The saliva test had been …
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Dubai announces 3-Day Super Sale: Up to 90% off this weekend
Day Super Sale. The final 2020 edition of the bi-annual mega promotion will take place from November 26 to 28, with residents and visitors enjoying reductions of up to 90 per cent off a wide selection …
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Get up to 90 per cent off at a 3-day super sale this weekend
The Dubai Mall, City Centre Deira and City Centre Mirdif. Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment (DFRE) said:”The 3 Day Super Sale (3DSS) is always a highlight on Dubai’s …
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Dubai developer Nakheel appoints new CEO
Dubai-based developer Nakheel has appointed Naaman Atallah as its chief executive officer. Atallah, who was most recently working as the CEO of Piramal Realty in India, also previously served as the …
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Al Futtaim Opens Watsons Store in Dubai Festival City Mall
With a promise to enrich the lives of its customers each and every day and following the announcement of a franchise agreement; Al Futtaim has announced the opening of its Watsons store in Dubai …
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Abu Dhabi discovers 24 billion barrels worth of oil
Abu Dhabi has discovered around 24 billion barrels of onshore oil, according to the UAE’s state media agency WAM. The discovery is a huge boost to the UAE’s reserves, which stood at 97.8 …
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Abu Dhabi discovers new oil field of about 22 billion barrels
In a major breakthrough, the UAE has announced the discovery of new onshore non-conventional, recoverable oil resources in Abu Dhabi. The UAE’s Supreme Petroleum Council (SPC) said the resources are …
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Top UAE banks face ‘sizeable’ surge in NPLs
Net income of the top 10 UAE listed banks declined by 3.0 per cent in the third quarter of 2020 after a rebound in the preceding quarter due to lower interest and other challenging conditions which …
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Abu Dhabi cop explains: How to avoid cash prize scams
The UAE residents have the “biggest role” to play in preventing phone scams and online fraud, a top Abu Dhabi Police officer has said. They simply need to stop responding to suspicious phone calls or …
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Abu Dhabi Plans to Spend $122 Billion on Oil In Next Five Years
Abu Dhabi will invest 448 billion dirhams ($122 billion) in oil and natural gas over the next five years as it seeks to raise production capacity, even while OPEC restricts its output. The Gulf …
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DCT Abu Dhabi reports positive signs of recovery for tourism sector
Abu Dhabi has announced a significant increase in revenues from tourism activity in the third quarter of 2020, including an increase of 46 per cent in hotel revenues, with a 95 per cent increase in …
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Abu Dhabi announces major oil discovery; approves Adnoc $122b capex for 2021-2025
Abu Dhabi’s Supreme Petroleum Council (SPC) approved on Sunday capital expenditure for Abu Dhabi National Oil Company (Adnoc) of Dh448 billion ($121.97 billion) between 2021 and 2025, state news …
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Abu Dhabi approves ADNOC $122 billion capex for 2021-2025: WAM
Abu Dhabi’s Supreme Petroleum Council (SPC) approved on Sunday capital expenditure for Abu Dhabi National Oil Company (ADNOC) of 448 billion dirhams ($121.97 billion) between 2021 and 2025, state news …
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