ABU DHABI / WAM British Petroleum (BP) is planning to raise recovery rates from oilfields in Abu Dhabi to 60-70 percent from the current level of around 30-40 percent, according to a senior official at the British oil giant. Salem bin Ashoor, General Manager and Chief Representative of British Petroleum UAE, said, “We can see the opportunity in the long ...

ABU DHABI / WAM The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has issued a consultation paper inviting public feedback on its proposal to introduce a new remote membership framework, as well as various other amendments to enhance ADGM’s capital market regime. By enabling brokers located outside of the ADGM to access exchanges and clearing houses ...

ABU DHABI / AGENCIES Under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, on Monday inaugurated the 20th edition of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2017. The event is being held at the Abu Dhabi National Exhibition Centre ...