Picture used for illustrative purpose only.
A UAE official said on Tuesday that the oil tanker MT RIAH is not owned by the UAE.
He explained in a statement, "The tanker in question is neither UAE owned nor operated.
"It does not carry Emirati personnel, and did not emit a distress call.
"We are monitoring the situation with our international partners," he concluded.
The Abu Dhabi National Oil Company (Adnoc) announced on Sunday that it has entered into a follow-on pipeline infrastructure investment agreement with the Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF). ADRPBF will invest Dhs1.1 billion ($300 million),
Economic activity in the UAE is set to accelerate to 2.2 per cent in 2019, up from an estimated 1.7 per cent in 2018, according to ICAEW’s latest Economic Insight report. This will be buoyed by a pick-up in non-oil activity, rising public spending at the Federal and Emirate levels, higher investment ahead of the highly anticipated Expo 2020 and continued regional economic recovery.
Adnoc is absorbing, embedding and applying cutting edge technology at every step of the production process from oil platforms to trading platforms, said Dr Sultan Al Jaber, CEO of ADNOC Group. ‘’In short, as we enter a new age of technology, the world remains reliant on a 160-year-old industry,
The UAE-based, Grandweld Shipyards, has delivered four crew boats to Kuwait Oil Company (KOC). As per the contractual agreement signed in May 2017, Grandweld would build six Pilot Boats and four Crew Boats for KOC. Five boats have been delivered and the remaining will be delivered in June 2019.
An intense gunfight with heavy weapons and burning vehicles blocking roads paralyzed the capital of Mexico’s Sinaloa state on Thursday after security forces located one of Joaquín “El Chapo” Guzmán’s sons
The charismatic frontman of Thailand’s anti-military parliamentary bloc appeared in court on Friday accused of breaching election rules by holding media shares, a case which could see him barred from
Hong Kong’s Cathay Pacific Airways Ltd on Friday lowered its expectations for full-year profit as a result of “incredibly challenging” conditions in its home market that were expected to persist for the rest of 2019.