Tag Archives: United Arab Emirates

The value of Iran’s non-oil export to the United Arab Emirates (UAE) rose 28 percent in the past Iranian calendar year 1401 (ended on March 20), the spokesman of Trade Development Committee of the Iranian House of Industry, Mining, and Trade announced. Ruhollah Latifi said that importing non-oil goods worth …

Saudi Arabia and the United Arab Emirates have increased purchases of Russian oil products, Russia’s trade representatives to these countries said at the National Oil and Gas Forum. Russia significantly increased exports of oil products, primarily diesel and fuel oil, to Saudi Arabia in 2022, the trade representative to the …

As public and private entities across the world weigh how to utilise generative artificial intelligence (AI) technology, GCC countries are embracing the new tool as a way to transform their education sectors. The November 2022 release of ChatGPT by Silicon Valley-based start-up OpenAI unleashed a wave of excitement and concern …

In a fairy-tale turnaround that few could have foretold, oil prices have soared to multi-year highs, largely aided by strong post-Covid demand, surprise OPEC+ cuts and the disruption caused by Russia’s war in Ukraine. The petrodollar windfall has really given a boost to previously battered Gulf economies, allowing some Gulf …

The future of the energy industry in the United Arab Emirates is bright and will reach new heights in the future, the oil minister of the UAE, Suhail Al Mazrouei has said. At an event titled “Charting the Future of the UAE’s Energy Sector”, Al Mazrouei said that the UAE …

The United Arab Emirates’ national oil company wants to raise up to $2 billion from its natural gas business in what is set to be the largest initial public offering so far this year. Abu Dhabi National Oil Co. is selling a 4% stake in ADNOC Gas, with each off …

Iraq’s oil ministry on Tuesday signed several contracts with UAE’s Crescent Petroleum, China’s Geo Jade Petroleum and Hong Kong’s United Energy Group (UEG) to develop oil and gas fields in Diyala and Basra provinces, as the country plans to be self-sufficient in gas production within the next three years. Iraq’s …

The United Arab Emirates will host the upcoming International Conference on “Effective Nuclear and Radiation Regulatory Systems: Preparing for the Future in Rapidly Changing Environment,” taking place in Abu Dhabi from 13th to 16th February. The conference is organised by the International Atomic Energy Agency (IAEA) and hosted by the …

The United Arab Emirates and India are discussing ways to boost non-oil commerce in rupees as the Gulf country looks to strengthen ties with its second-largest trade partner. “We are still in early-stage discussions with India on this dirham-rupee trade,” Thani al-Zeyoudi, the UAE’s Minister of State for Foreign Trade, …

The United Arab Emirates is in early discussions with India to trade non-oil commodities in Indian rupees, Minister for Foreign Trade Dr Thani Al Zeyoudi told Reuters on Thursday. The minister said other countries, including China, had also raised the issue of settling non-oil trade payments in local currencies. He …