UAE News
96-hour transit visa for all airline passengers at UAE airports
Tuesday, September 22, 2015Transit passengers can avail of a 96-hour visa at UAE airports irrespective of the airlines they are flying in. A transit 96 hours visa is being issued to passengers arriving at UAE airport through any international airline, General Directorate of Residency & Foreigners Affairs-Dubai has said. Previously, such a visa was given only to passengers… 96-hour transit visa for all airline passengers at UAE airports
ADNOC is planning USD 25 billion worth of investments in offshore oil projects
Tuesday, September 22, 2015Off-shore reserves will account for approximately 50 per cent of the total oil production in Abu Dhabi by 2018 as a result of continued investments in production capacity, experts said, as the emirate gears up to host the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in November. Abu Dhabi National Oil Company (Adnoc) is… ADNOC is planning USD 25 billion worth of investments in offshore oil projects
Emirates expects to fly over 300,000 passengers during Eid Al Adha
Tuesday, September 22, 2015Travellers head home or abroad for short holidays 22 September, 2015 Dubai: Emirates is expecting more than 300,000 passengers to travel out of the UAE in September and the upcoming Eid Al Adha period as travellers head home or abroad for short holidays. Over 76,000 passengers will travel on Friday (September 18), Emirates said in… Emirates expects to fly over 300,000 passengers during Eid Al Adha
Lukoil produces 30 billion cubic meters of natural gas in Uzbekistan
Sunday, September 20, 2015LUKOIL has cumulatively produced 30 billion cubic meters (bcm) of natural gas at its projects in Uzbekistan. Most of this (about 85%) comes from the Khauzak-Shady field in the Bukhara Province. Commercial gas production at the Khauzak-Shady field started in November 2007. In 2011, the West Shady site was put into operation. In 2014, a… Lukoil produces 30 billion cubic meters of natural gas in Uzbekistan
Mubadala releases operational and financial results for H1, 2015
Sunday, September 20, 2015Mubadala Development Company, the Abu Dhabi-based investment and development company, today released its interim financial statements and business highlights for the first half of 2015. Mubadala Group CEO and Managing Director, Khaldoon Khalifa Al Mubarak, said, “Global economic conditions reinforce more than ever the importance of Mubadala’s long-term investment strategy and diversified portfolio. We continue… Mubadala releases operational and financial results for H1, 2015
Dubai Crude Oil Price for December delivery is US$0.25 p.b. less than average daily settlement price
Sunday, September 20, 2015The Department of Oil Affairs in the Government of Dubai has announced that it had notified its customers that the official price of Dubai crude oil which will be delivered next December, will be US$0.25 less than the average daily settlement price of the Oman Crude Oil Financial Contract in Dubai Mercantile Exchange contracts traded… Dubai Crude Oil Price for December delivery is US$0.25 p.b. less than average daily settlement price
Foreign Investors Purchased Dh 941.6 mn worth of shares on Dubai Financial Market
Sunday, September 20, 2015Dubai Financial Market (DFM) announced that the value of shares bought by foreign investors, or non-UAE nationals, from 13th to 17th September, 2015, reached AED 941.6 million, while value of stocks they sold stood at AED 841.8 Million, with net foreign investment on the market reaching AED 99.8 million during the period, as aggregate buy.… Foreign Investors Purchased Dh 941.6 mn worth of shares on Dubai Financial Market
Etihad Airways and partner airlines’ fundraising transaction increased to US $ 700 million
Sunday, September 20, 2015Etihad Airways and its equity partner airlines have increased the funds raised from their unique platform financing transaction to US$ 700 million following a surge in demand from international financial institutions. Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles, Aliltalia and Jet Airways announced on Tuesday they had successfully raised US$ 500 million… Etihad Airways and partner airlines’ fundraising transaction increased to US $ 700 million
UAE’s ENEC says first unit of nuclear plant 75% complete
Sunday, September 20, 201520 September 2015 The second unit at the Barakah plant is also 53 per cent complete following the installation of steam generators The Emirates Nuclear Energy Corporation has announced that its first unit at the Barakah nuclear energy plant is now 75 per cent complete with the project on track to begin operations in 2017.…
Nation mourns demise of Shaikh Rashid
Sunday, September 20, 201520 September 2015 The UAE woke up on Saturday morning to the sad news of the demise of Shaikh Rashid bin Mohammed bin Rashid Al Maktoum. Shaikh Rashid, the eldest son of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, died of a heart… Nation mourns demise of Shaikh Rashid
