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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New major oil discovery in Abu Dhabi
Unconventional oil resources of about 22b barrels and 2b barrels of conventional oil found Abu Dhabi: The UAE’s Supreme Petroleum Council on Sunday announced new discoveries of unconventional oil …
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Abu Dhabi tourism witnesses third-quarter rebound
Abu Dhabi’s tourism is on the road to recovery, with the emirate achieving the region’s highest hotel occupancy and third-highest revenue per room rates in the third quarter of 2020. Relative to Q2, …
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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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