New facilities are set to come up in Sharjah’s Al Rafisah Dam. The picturesque dam on the Sharjah – Khor Fakkan highway will get family gathering spots and barbecue sites. This came as His Highness …
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Abu Dhabi Plans $122 Billion in Oil Spending to Boost Output
(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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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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UAE banks’ assets surge 7.6% to Dh3.25 trillion
Total deposits of resident and non-resident customers with the banks operating in the UAE rose by 2.2 per cent quarter-on-quarter basis.
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Sand curtain has come down, says OurCrowd CEO on UAE-Israel ties
Announcing a $100 million partnership with the UAE’s Al Naboodah’s Phoenix is just the beginning, according to Israel-based OurCrowd CEO and Founder Jonathan Medved. “The sand curtain that existed …
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Sharjah Police alert people of tricks used by pickpockets and thefts from cars
Sharjah Police urge public to be wary of methods used in thefts Sharjah Police have launched an electronic awareness campaign titled ‘Caution is a duty’ with the aim of educating public about …
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Sharjah launches major crackdown on vehicles with expired registration
The Sharjah Police have launched a crackdown on trucks and light vehicles with expired registration and driving licence. It is part of the second phase of the inspection and awareness campaign being …
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Construction on Abu Dhabi’s Al Qana reaches 90% milestone
Extending an area of 2.4km, Abu Dhabi’s under construction leisure and dining waterfront destination Al Qana is set to change the capital’s landscape when it opens to the public. But right now over 3, …
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U.S. pavilion at Dubai’s Expo all sparkly but got helping hand
The U.S. showed off a literally star-studded pavilion last week for Dubai’s upcoming Expo 2020, complete with a replica SpaceX rocket body beside it.
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Kiss to host virtual NYE concert from Dubai
With concert venues dark across the globe, there’s currently only one country with the facilities to host a band the size of Kiss and that’s right here in the UAE. The group will host a virtual event …
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Abu Dhabi Culinary Season is celebrating the city’s best hidden gems
Abu Dhabi Culinary Season is back in the city and serving up some brilliant food from the best venues in the city. The six-week festival of food has loads to offer including brilliant desserts with …
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