Abu Dhabi / WAM Mubadala Petroleum, the Abu Dhabi headquartered international energy company, on Wednesday announced that the drilling of the Timpan-1 exploration well located 150 kilometres offshore North Sumatra, Indonesia, has been completed with the discovery of a 390 foot gas column in high net to gross fine-grained sandstone reservoir. The exploration well, “Timpan-1”, is operated by Harbour ...

  Dubai / WAM A group of 16 companies managed to achieve three times more than the Emiratisation target approved by cabinet’s decision that was issued in May 2022 and entered into force in June 2022. These companies employed 1,166 UAE citizens within this short period. The firms will receive incentive packages from the Ministry of Human Resources and Emiratisation ...

Dubai / Gulf Time Dubai real estate market recorded 304 sales transactions worth AED735.85 million, in addition to 77 mortgage deals of AED263.54 million, and 12 gift deals amounting to AED24.3 million on Wednesday, data released by Dubai’s Land Department (DLD) showed. The sales included 282 villas and apartments worth AED651.17 million, and 22 land plots worth AED84.68 million, while ...