DUBAI / Reuters The non-oil part of the United Arab Emirates economy is expected to grow as much as 3 percent this year, accelerating from 2.7 percent last year, the central bank said. “The recent improvement in oil prices has shed a positive sentiment on the economic activity in the non-oil sector and boosted economic confidence,” it said in a ...

ABU DHABI / WAM Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) successfully listed its shares on the Abu Dhabi Securities Exchange (ADX) on Wednesday following a bell ringing ceremony led by Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group CEO and Hamad Al Shamsi, Chairman of the ADX. ADNOC Distribution is currently traded ...

LONDON / WAM UAE-based oil services company Petrofac announced on Wednesday the winning of a $160 million contract from the Basra Oil Company (BOC), formerly known as the South Oil Company, in southern Iraq. The contract, awarded to Petrofac’s Engineering and Production Services, EPS, division, is for BOC’s Iraq Crude Oil Export Expansion Project, ICOEEP. Petrofac has a five-year record ...