ADNOC has returned to the Ras Al Sadr field to start gas production, 75 years after the first exploration well was drilled at the field. Back in the 1950s, as the Middle East’s oil industry was being established, Abu Dhabi’s first ever exploratory well was drilled in Ras Al Sadr.
Category: Economy
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PCFC issued over 800,000 security passes in Q1 2024
The Security Department at Ports, Customs and Free Zone Corporation (PCFC) issued 800,000 security passes during the first quarter of 2024 to facilitate the entry of individuals and companies into the ports and free zones overseen by the PCFC in Dubai.
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Etihad Airways, Abu Dhabi Businesswomen Council to support 25,000 women-owned SMEs
The Abu Dhabi Businesswomen Council (ADBWC) and Etihad Airways have signed a Memorandum of Understanding to support 25,000 women-owned small and medium-sized enterprises (SMEs) operating in the capital.
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UAE participates in committee meeting of Joint Arab Electricity Market in Saudi Arabia
The UAE, represented by the Ministry of Energy and Infrastructure (MoEI), participated in the second committee meeting of the Joint Arab Electricity Market and the second phase of the Knowledge Sharing Programme.
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TAQA Group reports AED2.1 billion net income for Q1 2024
Abu Dhabi National Energy Company (TAQA) reported its earnings for the period ending 31st March 2024. TAQA delivered a robust financial performance, bolstered by the recognition of contributions from Sustainable Water Solutions Holding Company (SWS Holding).
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Saif bin Zayed inaugurates ‘Seamless Middle East 2024’
H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, on Tuesday inaugurated the conference and exhibition of digital economy technologies "Seamless Middle East 2024".
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Tabreed reports AED468 million revenues in Q1 2024
Tabreed, the UAE's international district cooling company, today released its consolidated financial results for the first three months of 2024, recording revenue increase to AED468 million compared to AED464 million in Q1 2023.
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Gold prices flat as US inflation data takes centre-stage
Gold prices traded flat on Wednesday as investors looked forward to a critical US inflation print that could offer clues on the Federal Reserve's interest rate-cut trajectory, Reuters said.
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Kimberley Process Intersessional opens in Dubai to address global diamond trade challenges
The UN-mandated Kimberley Process (KP) Intersessional meeting opened in Dubai yesterday with resounding calls to accelerate consensus and decision-making to secure the industry's long-term security, efficiency, and operationalisation.
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Etihad Airways transports 5.7 million passengers in 4 months
Etihad Airways has published its preliminary traffic statistics for April 2024. The airline carried more than 1.4 million guests and saw its passenger load factor average out at 84 percent across the month.