BP has signed an agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) that grants BP a 10% interest in Abu Dhabi’s ADCO onshore oil concession, which has a life of 40 years. In addition …
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BP Acquires A 10 Percent Stake In UAE Oil Fields
BP has acquired 10 percent of the Abu Dhabi Company for Onshore Petroleum Operation’s (ADCO) oil concessions in a $2.2 billion shares swap deal with the Abu-Dhabi emirate. BP will pay for its stake by transferring 2 percent of its share capital to the …
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Abu Dhabi's Etihad Airways to cut headcounts on 'increasingly competitive landscape'
Abu Dhabi’s Etihad Airways, citing “an increasingly competitive landscape,” says it is making an unspecified number of layoffs. The Abu Dhabi-owned carrier, which is the United Arab Emirates’ national airline, made the announcement late on Sunday night.
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Masdar Launches 5th International ’Engage’ Blogging Contest
Abu Dhabi’s renewable energy company, Masdar, has launched its fifth annual international ‘Engage’ blogging contest ahead of the Abu Dhabi Sustainability Week, ADSW, 2017, in January. Under the theme, “Technology for a Sustainable Future”, the …
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Mubadala To Hold Abu Dhabi's 2% Stake In BP
The 2% stake in BP sold to Abu Dhabi in exchange for a holding in Abu Dhabi Company for Onshore Petroleum Operations (ADCO) will be controlled by Mubadala Development Co. DUBAI, Dec 19 (Reuters) – The 2 percent stake in BP sold to Abu Dhabi in exchange for …
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BP signs oil deal with Abu Dhabi worth $2.22bn
http://www.independent.ie/world-news/bp-signs-oil-deal-with-abu-dhabi-worth-222bn-35301700.html http://www.independent.ie/world-news/article35301699.ece/473e7/AUTOCROP/h342/PANews_P-b1d3087e-ae4f-424d-8107-ae82ef7d0c87_I1.jpg The deal grants BP a 10 per …
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Fun Drive to roll in 36th edition
Abu Dhabi: The highly anticipated annual Gulf News Overnighter Fun Drive returns on January 13 and 14, 2017, with hundreds of off-road vehicles traversing beautiful dunes in the Western Region of the UAE. The Friday-Saturday weekend will see a flag-off in …
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$3 billion Dubai amusement park complex includes Legoland, Bollywood-themed park
A massive complex of amusement parks in the southern desert of Dubai has celebrated its opening. Organizers held the event Sunday for the Dubai Parks & Resorts project after it formally opened Friday. The park includes a Legoland, a Bollywood-themed park …
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New law to legally bind tenants in UAE for fire safety
Dubai: Soon, tenants in the UAE will face penalties for non-compliance of their responsibilities in ensuring fire safety in their buildings, Gulf News has learnt. Tenancy contracts will have to spell out roles and responsibilities of tenants and make them …
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UAE condemns Jordan shooting attack
Abu Dhabi:: The UAE strongly condemned the shooting attack that took place in southern Jordan, killing a number of police officers and civilians, and injuring others. The Ministry of Foreign Affairs and International Cooperation underlined that the UAE …
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New code to legally bind tenants in UAE for fire safety
Dubai: Soon, tenants in the UAE will face penalties for non-compliance of their responsibilities in ensuring fire safety in their buildings, Gulf News has learnt. Tenancy contracts will have to spell out roles and responsibilities of tenants and make them …
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Large complex of amusement parks in Dubai celebrates opening
DUBAI, United Arab Emirates — A massive complex of amusement parks in the southern desert of Dubai has celebrated its opening. Organizers held the event Sunday for the Dubai Parks & Resorts project after it formally opened Friday. The park includes a …
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Dubai Parks and Resorts officially inaugurated
“It was irresistible,” Menken told Gulf News tabloid! in an earlier interview, about writing the song. “I just imagined how a magical theme park might spring to life in the middle of the desert.” This is just the first phase of Dubai Parks and …
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Dubai Street Museum project draws arts students
Dubai: Brand Dubai, the creative arm of the Government of Dubai Media Office, is inviting UAE fine arts students to take part in the Dubai Street Museum project to work with famous mural painters from around the world, the organisation said on Sunday. The …
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BP signs onshore oil deal with Abu Dhabi worth $2.22 billion
News of the deal came without warning Saturday after years of negotiations between London-based BP and Abu Dhabi, the capital of the seven sheikhdoms that form the UAE. BP had held a 9.5-per cent interest in the onshore concession that expired in late 2014.
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UAE foreign aid tops Dh32b in 2015
Abu Dhabi: The UAE has provided Dh32.34 billion ($8.8 billion) in foreign aid during 2015, according to the Ministry of Foreign Affairs and International Cooperation. In its report titled ‘UAE’s Foreign Aid in 2015’, which was issued on Saturday …
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Dubai shopping festival to begin on December 26
Dubai: Starting on December 26, Dubai Shopping Festival will see 34 days of deals, prize draws and shows across the emirate. This year, thousands of retail outlets will offer discounts of up to 75 per cent. The discounts will apply to apparel and fashion …
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