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ADNOC Conference
July 21st, 2026 - 06:47 GMT
P. Choiaqo

P. Choiaqo

$6.2 billion investment into Abu Dhabi gas project by UAE

ALBAWABA - ADNOC, the UAE’s oil and gas giant is set to invest $6.2 billion into Abu Dhabi’s natural gas development project. Headed by ADNOC, the investment includes France’s TotalEnergies, Italy’s Eni, and China’s National Petroleum Corporation into the offshore Umm Shaif Gas Cap in Abu Dhabi. The $6.2 billion investment is expected to produce more than 600 million standard cubic feet of gas and gas liquids per day from ...
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The 286 Jazan islands are one of the biggest island groups in the southern part of Red Sea. (AFP)
October 15th, 2017 - 12:50 GMT

Islands for Sale: 286 Islands Looking for Investors in Saudi Arabia

Government-owned master developer Dubai Holding is believed to be reassessing the project. (File photo)
October 15th, 2017 - 12:35 GMT

Dubai Holding Puts $20.2 Billion Jumeirah Project on Hold

A total of $16.3 billion in remittances was sent to Egypt between November 2016, when Egypt floated its currency, and August this year. (File photo)
October 12th, 2017 - 01:27 GMT

Remittances From Egyptian Expats up 40 Percent in August 2017: Central Bank

According to Turkey's Deputy Prime Minister Mehmet Simsek, the US-Turkey visa row is only a temporary dispute that will be resolved soon. (AFP)
October 12th, 2017 - 01:03 GMT

Turkey-US Visa Row Likely to Be Resolved Soon: Deputy PM

The cost of bribery in Kuwait is $2 billion a year, or two percent of the country's total GDP. (File photo)
October 12th, 2017 - 12:46 GMT

Bribes Cost Kuwait $2 Billion a Year: IMF

The bank said it is committed to supporting only those companies with a greener agenda. (Eric Piermont/ AFP)
October 12th, 2017 - 12:38 GMT

Paris-Based BNP Paribas Says It Will No Longer Back Oil

Exemptions for Saudi firms investing in Abu Dhabi will be related to land, lease and rents. (File photo)
October 12th, 2017 - 11:31 GMT

Saudi Firms Investing in Abu Dhabi Will Get Special Exemptions, Says UAE Official

Saudi Aramco celebrated this week the opening of a new office in India. Here's why it's good news for oil markets. (File photo)
October 11th, 2017 - 07:00 GMT

Opinion: Why Saudi Aramco's New India Office Is Good News for Oil Prices

Russia has been backing Bashar al-Assad in the long-running civil war in Syria. (AFP/ File)
October 11th, 2017 - 06:00 GMT

Russia Eyes Direct Shipping Line to Syria, a Boost for Syrian Regime

Russia said on Tuesday it would block access to websites of exchanges that offer cryptocurrency such as Bitcoin. (File photo)
October 11th, 2017 - 05:00 GMT

Bitcoin Soars Again, Despite Russia's Plan to Block Bitcoin

From 2000 to 2015, India's imports from OPEC nations increased from $2 billion to nearly $140 billion. (AFP/ File)
October 11th, 2017 - 10:52 GMT

Could India Be World’s Next Big Driver of Oil Consumption?

Morocco's FDI reached $1.92 billion in January-August 2017, against $1.47 billion a year earlier. (File photo)
October 11th, 2017 - 10:21 GMT

Morocco's FDI up 30 Percent in 2017, to $1.92 billion

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