UAE News
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… Untitled
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… Untitled
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… Untitled
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.… Untitled
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… Untitled
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.… Untitled
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… Untitled
Sheikh Rashid bin Mohammed bin Rashid Al Maktoum dies of heart attack
Saturday, September 19, 2015Wam, September 19, 2015 Sheikh Rashid bin Mohammed bin Rashid Al Maktoum, son of Sheikh Mohammed bin Rashid, Vice President and Prime Minister of the UAE and Ruler of Dubai, died on Saturday morning of a heart attack. The Court of the Ruler of Dubai declared three days of mourning in Dubai from Saturday, and… Untitled
UAE to help small businesses in Chechnya
Thursday, September 17, 2015The authorities of the United Arab Emirates are planning to help the development of small business in Chechnya. The head of Chechnya, Ramzan Kadyrov, and the Crown Prince of Abu Dhabi, Deputy Supreme Commander of UAE Mohammed Al Nahyan, discussed this question yesterday during a visit to the pavilions of the International Aviation and Space Salon MAKS-2015.… Untitled
Iconic New York City eatery, Serendipity 3, to open in Dubai
Thursday, September 17, 2015Al Tayer Group is set to launch the first two Serendipity 3 outlets in Dubai in December 2015, at Dubai Festival City and The City Walk, under an exclusive license covering the GCC. These will be the first operations outside of the U.S., of the famed establishment. Serendipity 3 has been one of New York… Untitled
