“Given the projected increase in demand for petrochemicals and higher value refined products, we are repositioning ADNOC to become a leading global downstream player,” Ahmed al-Jaber, the CEO of the Abu Dhabi National Oil Co. and the Emirati minister of …
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Abu Dhabi’s Adnoc Is in Talks With Baker Hughes About Drilling Partnership
Baker Hughes, a GE Co., is in talks with Abu Dhabi National Oil Co. to set up a partnership that could lead to the U.S. firm taking a minority stake in the state-owned energy giant’s drilling unit, according to people with knowledge of the matter.
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Revealed: The most dangerous day to drive in UAE
Dubai: Regardless of whether residents fast during Ramadan or not, motorists should always drive with caution and adhere to traffic rules at all times. A new survey released on Monday identified the driving habits of UAE drivers during Ramadan, and …
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Dubai tops Arab world in economic performance, study finds
The Dubai Competiveness 2018 report compared the emirates with 63 economies around the world based on 346 different competitiveness indicators. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai …
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Hundreds stuck in UAE traffic as dusty weather continues; flights back to normal
Dubai: Hundreds of commuters and motorists were stuck in major traffic jams during the morning rush hours on Monday as the UAE’s dusty weather continued, but flights operating in and out of Dubai have returned to normal. Residents experienced some …
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Yemen, UAE reportedly reach deal over island
to withdraw the UAE forces from the strategic Socotra Island, according to Yemen’s official Saba news agency. Tensions have mounted between Yemen and the UAE in recent days, when the latter sent a military force to Socotra without prior coordination with …
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UAE’s Dana Gas agrees with creditors on $700 mln sukuk restructuring
DUBAI: Energy producer Dana Gas reached agreement with creditors … Its shares jumped 4.8 percent in early trade on Sunday in response to news of the deal, which it said could cut its debt by up to $385 million.
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US and UAE sign agreement to resolve Emirates, Etihad subsidy claims
The United States and United Arab Emirates signed a deal on Friday to resolve US claims that Gulf carriers have received unfair government subsidies, the US State Department said. The voluntary agreement, which applies to Etihad and Emirates airline …
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Expo 2020 Dubai spending to drive growth in Dubai economy, says IMF
In the long term, Tamirisa said that VAT is expected to raise revenues by 1.5 percent of GDP. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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United Arab Emirates shares mixed at close of trade; DFM General up 0.36%
Investing.com – United Arab Emirates equities were mixed at the close on Sunday, as gains in the Services, Finance & Investment and Transport sectors propelled shares higher while losses in the Consumer Staples, Real Estate & Construction and Telecoms …
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Abu Dhabi Jumps Into Middle East Oil-Refining Rush
Abu Dhabi’s national oil company said Sunday it would spend $45 billion over the next five years to join other giant, state-run petroleum giants, like Saudi Aramco, in refining much of their own crude instead of just exporting it. ADNOC, as the company …
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Abu Dhabi’s Adnoc Looks to India Amid $45 Billion Refining Push
Abu Dhabi National Oil Co. is looking into acquiring a stake in an Indian refinery as it plans to invest $45 billion at home to expand its Ruwais refining and petrochemicals complex. The government energy producer known as Adnoc is considering, among other …
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Trio flew to Dubai for revenge killing
Dubai: Three visitors have been accused of premeditatedly murdering a businessman in Dubai in a revenge killing. The businessman had killed the brother of one of visitors in 2005. The Pakistani trio, aged 32, 30 and 46, were said to have flown specifically …
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Abu Dhabi Plans $45 Billion Refining, Petrochemicals Expansion
Abu Dhabi National Oil Co. plans to invest $45 billion over five years to expand the Ruwais refining and petrochemicals complex. The state producer known as Adnoc will expand the complex’s refining capacity by more than 65 percent, or 600,000 barrels a …
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How the UAE Extends Its Military Reach in Yemen and Somalia – With Deadly Results
Military transport planes from the United Arab Emirates landed on the sleepy Yemeni island of Socotra last week, unloading tanks and troops as part of the Gulf Arab state’s drive to extend its influence over a strategic waterway flanked by war zones.
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Indian businessman inducted into Abu Dhabi Police’s community wing
Abu Dhabi: Firoz Merchant, a philanthropist and founder and chairman of Pure Gold Group, was recognised by the Abu Dhabi Police for his significant philanthropic contributions to the country and inducted him into Abu Dhabi Police’s community initiative …
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Major blaze engulfs Zen Tower in Dubai Marina
A residential tower has caught fire in Dubai amid a sandstorm that has hit large parts of United Arab Emirates (UAE). Videos of the blaze were widely shared on social media, showing the newly constructed Zen Tower in Dubai Marina engulfed in flames on …
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