Tag Archive | "opec"
UAE is committed to OPEC output quota: Hameli
The UAE will be fully committed to its OPEC production quota, UAE Minister of Energy HE Mohammed Bin Dhaen Al Hameli affirmed today, adding the adherence by other OPEC members "is not a source of pleasure.
Continue reading...ADNOC to lift curb on oil output
Tuesday, March 9, 2010
Abu Dhabi National Oil Company (ADNOC) is preparing to pump more crude after curbing output for more than a year to comply with OPEC cuts. "This year we all know there will be an increase in production, said Asim al Zarouni, the drilling manager of
Continue reading...ADNOC announces oil production cut
Tuesday, December 29, 2009
The Abu Dhabi National Oil Company (ADNOC) has announced oil production cut beginning from February, 2010. The move is in line with OPEC decision to cut production. ADNOC said the rate of production cut from its various sources will be as follows: Mu
Continue reading...UAE banks’ provisions increase 178%
Sunday, November 8, 2009
Nine-month provisions for 19 banks listed on UAE stock exchanges were up more than 178 per cent year-on-year while net profits fell 13.7 per cent at the end of the third quarter, Emirates Business research reveals. Combined provisions of the 19
Continue reading...UAE leads GCC debt market in 2009
Sunday, November 8, 2009
The debt market in Gulf oil producers rebounded by a staggering 64 per cent in the first nine months of 2009 and the UAE emerged as the leader in the issuance of conventional bonds, according to a Saudi investment fund. New issuances during the
Continue reading...UAE remains a prime destination for FDI
Sunday, November 8, 2009
The UAE has attracted more than US$51 billion (Dh187bn) in foreign direct investment (FDI) in four years to maintain its position as the second largest FDI destination in the Arab region, according to official data. In 2008, the UAE accounted fo
Continue reading...UAE says oil cuts should remain
Sunday, November 8, 2009
The UAE has joined a growing OPEC contingent that has been calling for the group to stay the course on production cuts when it meets on December 22. Raising output to put the brakes on rising crude prices "is not on the agenda, said Mohammed al Hame
Continue reading...OPEC to keep oil market well supplied: Al Hameli
Tuesday, October 27, 2009
Minister of energy H.E. Mohammed bin Dhaen Al Hameli yesterday affirmed OPEC member countries' commitment to provide adequate, secure and affordable oil supplies to the consumers through continuing their huge investments in developing spare capacity
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