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Tag Archives: Abu Dhabi

Faithful+Gould wins $3.3bn Yas Bay project management deal

Faithful+Gould, a leading project management consultancy, has been awarded a four-year contract by Miral, Abu Dhabi’s leading creator of destinations, for the first phase of its Dh12-billion ($3.3 billion) master development Yas Bay. Located in the south of Yas Island, Abu Dhabi, the project will be delivered in two phases. As per the deal, Faithful+Gould will work on Phase One, ...

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Iraq wants oil price around $65 – oil minister

Iraq is abiding by an agreement among global oil producers to cut production and wants to see an oil price of around $65 a barrel, the country’s oil minister said in Abu Dhabi on Thursday. Iraq is “hoping for a better price”, Jabar Ali al-Luaibi told reporters on the sidelines of a conference. “We are looking at $65, something like ...

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UAE’s ADNOC plans oil field maintenances in March-April to cut output, meet OPEC target

Abu Dhabi National Oil Company (ADNOC) has scheduled maintenance at oil fields in March and April that will cut output to meet its OPEC output reduction target. Field maintenance is expected to reduce Murban crude exports in March and shipments for Das crude in April, three people familiar with the matter said on Thursday. The sources spoke on condition of ...

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Etihad, Uniway launch special Morocco campaign

  UAE’s national airline Etihad Airways has announced the “1,000 Chinese Visitors to Morocco” campaign with Beijing Yougo World International Travel Service  (Uniway), the largest Chinese tour operator specialising in outbound tourism to the Middle East and Africa (MEA). Etihad will also partner with the Moroccan National Tourist Office to support plans to attract 100,000 Chinese visitors each year by ...

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U.A.E. Expects Oil Prices to Rise More on Global Production Cuts

  Oil prices may rise even more once investors see that OPEC and other major producers are fulfilling an agreement to cut production to curb the global glut, United Arab Emirates Oil Minister Suhail Al Mazrouei said. OPEC is committed to the decision to reduce output and it’s too early to talk about any additional steps it may take, Al ...

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Chinese oil firm likely to hold stake in Adco concession, analysts say

Chinese companies are expected to gain stakes in Abu Dhabi’s onshore oil concession operated by Adco, the Abu Dhabi Company for Onshore Petroleum Operations (Adco), as ties between the two strengthen, analysts say. Privately run Chinese firm CEFC China Energy is in advanced talks to secure a stake to develop onshore oilfields, according to a report by Reuters this week. ...

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BP awarded 10% interest in Abu Dhabi’s ADCO onshore concession

BP signed an agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) that grants BP a 10% interest in Abu Dhabi’s ADCO onshore oil concession, which has a life of 40 years. In addition to the interest in the ADCO concession, BP becomes a 10% shareholder in ADCO, the ...

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OPEC Ministers See Oil Market Balanced If Non-OPEC Joins Cut

Two of OPEC’s leading ministers said its plan to rebalance the oil market will only work if Russia and other countries outside the group follow through on their commitments to rein in production. A global cut of 1.8 million barrels a day would be enough to balance the market, United Arab Emirates Energy Minister Suhail Al Mazrouei said on Wednesday. ...

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Abu Dhabi Airport July passenger traffic up 7.9pc

  Abu Dhabi Airports has reported a 7.9 per cent increase in passenger figures last month, with 2,267,572 passengers travelling through the airport in July compared to 2,100,929 recorded in the same month last year. Total arrivals at the airport were up by 10.4 per cent at a figure of 1,074,022 in July, with departure numbers also increasing by 6.1 ...

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Rental returns stay strong in Dubai, Abu Dhabi

  Dubai and Abu Dhabi, the UAE’s leading property markets, continue to be safe havens for global realty investors despite a downward trend in prices, says a report. Though rents have seen periodic adjustments, the UAE’s unique selling propositions such as a highly smart, diversifying economy, security of investment and the great promise of Expo 2020 will keep the real ...

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Abu Dhabi hotel occupancy levels up 3.7pc

  Abu Dhabi hotels saw occupancy levels increase by 3.7 per cent to 61.6 per cent in July compared to the same period in 2015. According to preliminary July 2016 data for Abu Dhabi by STR – a leading market research firm – the emirate’s hospitality sector also reported increases in supply (over 4.1 per cent) and demand (over 7.9 ...

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Dubai to open Jumeirah Bridge on July 21

Roads and Transport Authority (RTA) is set to open the entire Jumeirah Bridge starting from July 21 as part of the work related to the second phase of the Dubai Water Canal project. The bridge comprises three lanes in each direction and rises 8.5 meters above the canal, thus enabling free navigation around-the-clock. The Roads and Transport Authority (RTA) said ...

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Abu Dhabi levies airport, hotel taxes to boost revenues

Abu Dhabi is introducing taxes on airline passengers and hotel guests as it seeks to compensate for a hit to government revenues from low oil prices. Airline passengers departing from or transiting through Abu Dhabi International Airport will be charged an airport tax of Dh35 ($9.53) from June 30, said the Abu Dhabi government’s official gazette. “Airlines will be responsible ...

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Burjeel offers new cataract surgery technique

  Burjeel Hospital, a leading care facility in Abu Dhabi, is offering a new technology in cataract surgery at its Centre of Excellence in the emirate. With the Femtosecond Laser Cataract Surgery, many steps of the operation which used to be performed by the surgeon will now be performed by the laser machine, therefore in an even more accurate, precise ...

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