Officials at the signing ceremony. WAM
The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced that it has closed its landmark strategic equity partnerships with Eni and OMV covering both the existing Adnoc Refining business and a new trading joint venture (JV). The agreement, which was announced in January of this year,
It is extremely heartwarming to read that there were new oil and gas reserves discovered in Abu Dhabi. It will be a great boost for the economy. It underlines the UAE’s position
Abu Dhabi: A delegation from the Abu Dhabi Department of Energy (DoE), headed by Chairman Engineer Awaidha Al Marar, is visiting Japan this week to share the Emirate’s experience in developing the energy sector and to exchange expertise with Japanese energy ministries and organisations. During the visit, the DoE delegation will place
ABU DHABI: Abu Dhabi’s gross domestic product (GDP), at current prices for Q1 2019 rose by 3.3 per cent to Dhs226 billion, compared to Dhs219 billion in the first quarter of 2018. The Abu Dhabi’s GDP at constant prices rose to Dhs207 billion in the first quarter of 2019, compared to Dhs196 billion for the same
London's benchmark FTSE 100 index was up 1.0 per cent, in the eurozone, Frankfurt won 0.9 per cent and Paris climbed 0.8 per cent.
Spot gold was up 0.8% at $2,033.86 per ounce by 0655 GMT, after hitting a record high of $2,036.49. US gold futures rose 1.4% to $2,049.30.
The benchmark Nikkei 225 index slipped 0.26 per cent, or 58.81 points, to end at 22,514.85, while the broader Topix index inched down 0.04 per cent, or 0.55 points, to 1,554.71.
Brent crude was up by 31 cents, or 0.7%, at $44.74 a barrel by 0713 GMT. The contract rose 0.6% on Wednesday to its highest close since March 6. West Texas Intermediate oil was up by 26 cents, or 0.6%, at $41.96 a barrel. The contract ended Tuesday trading 1.7% higher, its highest close since late July.