News

Bloomberg The most destructive series of wildfires in California history co-uld cost the state, insurers and homeowners at least $19 billion in damages, as firefighters struggled to gain control in swirling wi-nds across vast swaths of state. The carnage caused by fires north of San Francisco and near Los Angeles could be on par with the type of destruction triggered ...

ABU DHABI / AGENCIES Many Organization of the Petroleum Exporting Countries (Opec) and allied oil producers see a need to cut output to stave off a new surplus, a key member of the coalition said, as delegates gathered in Abu Dhabi on Sunday. Twenty-six of the world’s leading oil and gas sector leaders gathered in the UAE capital, for a ...

ABU DHABI / WAM On behalf of the Abu Dhabi government, the Abu Dhabi National Oil Company (Adnoc) has signed an agreement with French oil and gas major Total, granting it a 40% stake in the Ruwais Diyab Unconventional Gas Concession. Under the terms of the agreement, Total will explore, appraise and develop the concession area’s unconventional gas resources. Adnoc ...

ABU DHABI / WAM The fifth Abu Dhabi Strategic Debate (ADSD) kicked off in the capital on Sunday with keynote speeches by Dr Ebtesam Al Ketbi, President of Emirates Policy Centre (EPC) and Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs. In the opening address, Dr Al Ketbi said ADSD is taking a leap to a new ...

ABU DHABI / WAM Musabbeh Al Kaabi, CEO of Petroleum & Petrochemicals, Mubadala Investment Company, noted that the petroleum and petrochemicals platform is a core pillar of company’s business, building on Abu Dhabi’s rich heritage in oil and gas sector. The petroleum & petrochemicals platform accounts for AED 150 billion ($40.8 billion) of Mu-badala’s AED800 billion portfolio, Al Kaabi told ...

AL AIN / WAM Al Ain City signed a twin-city agreement with Wuxi, in southern Jiangsu province, China, for cooperation in urban planning, education, sports, tourism, culture and arts, as well as trade and investment. The signing occurred during a visit by an Al Ain City delegation that toured the Chinese city at the invitation of Acting Mayor of Wuxi, ...

ABU DHABI / WAM Twenty-six of the world’s leading oil and gas sector leaders gathered in Abu Dhabi, on Sunday, for a high-level industry forum focused on the evolving dynamics of the energy landscape and the opportunities for hydrocarbon produced energy to support global growth, today, and in the future. HH Sheikh Hamed bin Zayed Al Nahyan, Chief of the ...

ABU DHABI / WAM Ducab has secured three major contracts in Abu Dhabi for the supply of over 5,000 kms of EHV, HV, MV and LV cables and AAAC overhead conductors for Adnoc-related projects in Abu Dhabi. The announcement came on the sidelines of the company’s upcoming participation in the Abu Dhabi International Petroleum Exhibition and Conference (Adipec 2018). The new ...

Sharjah / WAM Sharjah Media City (Shams), announced the launch of a joint venture with 7awi, the online media publisher, to develop digital platforms with the aim of keeping pace with the rapid growth in demand for digital solutions in the UAE and wider region. The joint venture will utilise 7awi’s digital intellectual property rights, resources, content and access to ...

ABU DHABI / WAM The Ministry of Economy (MoE), has organised a session which brought together more than 50 industry professionals, policy makers, representatives of universities, venture capital firms, various foundations and federal and local government organisations, to discuss the UAE’s innovation agenda. ‘Innovation@UAE’ aimed to provide stakeholders a platform for sharing their inputs on UAE’s innovation ecosystem, to identify ...