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Tag Archives: United Arab Emirates

UAE opens first jetty outside Gulf to load fuel onto tankers

UAE energy minister refuses to discuss tentative oil cap

FUJAIRAH, United Arab Emirates (AP) — The United Arab Emirates has opened its first jetty outside the Persian Gulf that is capable of loading oil onto some of the world’s biggest tanker ships. The launch of the new $650 million facility in the eastern city of Fujairah on Wednesday will make it easier for hulking tanker ships known as “very ...

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Emirates airline says profits are up amid lower oil prices

DUBAI, United Arab Emirates (AP) — The Middle East’s biggest airline, Emirates, said Tuesday its profits were up by about 56 percent to $1.9 billion in the last fiscal year largely due to lower oil prices that drove down fuel operating costs. The Dubai government-owned airline said revenue, however, fell in 2015-2016 by four percent to $23.2 billion from $24.2 ...

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Theme parks rise in Dubai amid shifting sands of tourism

Dubai at night as seen from the tallest building in the world. (Image: Crazy Diamond via Flickr)

DUBAI, United Arab Emirates (AP) — Sweating and hopeful, the performers lined up once more and received instructions mirroring the aspirations of the soon-to-open massive amusement parks they hoped to join: dance three-eighths Bollywood with a stiff shot of hip hop and a touch of whimsy. And one more thing: “Does anyone tumble?” This cross-cultural collage will be Dubai Parks ...

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United Arab Emirates backs oil producers’ output freeze plan

United Arab Emirates backs oil producers' output freeze plan

DUBAI, United Arab Emirates (AP) — The United Arab Emirates threw its support on Thursday behind a plan by major oil producers to freeze output levels in an attempt to halt a slide in crude prices that has pushed them to their lowest point in more than a decade. Russia, Saudi Arabia, Qatar and Venezuela announced their willingness to cap ...

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UAE energy minister refuses to discuss tentative oil cap

UAE energy minister refuses to discuss tentative oil cap

DUBAI, United Arab Emirates (AP) — Dodging reporters’ questions, the United Arab Emirates’ energy minister refused Wednesday to discuss a proposed cap to crude oil production agreed to by four oil-producing countries the day before, raising new questions about the proposal aimed at stabilizing global prices. Minister Suhail Mohamed al-Mazrouei’s stance suggests regional rivalries also may be in play, as ...

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Call for responsive governments at Dubai summit amid turmoil

An Emirati man poses for a photo at the Museum of the future during the opening day of the World Government Summit in Dubai, United Arab Emirates, Monday, Feb. 8, 2016. Those gathered for the World Government Summit in Dubai offered no immediate solutions to the crises gripping the region, like low global oil prices, global warming and the rise of violent extremism. But all acknowledged that keeping government responsive to its citizens remains crucial. (AP Photo/Kamran Jebreili)

DUBAI, United Arab Emirates (AP) — U.S. President Barack Obama and other world leaders called on governments to be responsive to and inclusive of their citizens at a conference in Dubai on Monday, as the unrest of the Arab Spring reverberates across the Middle East. Those gathered for the World Government Summit offered no immediate solutions to the crises gripping ...

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Russia open to meeting with major oil-producing countries

Russian Foreign Minister Sergey Lavrov talks during a press conference with his UAE counterpart Sheikh Abdullah bin Zayed Al Nahyan in Abu Dhabi, United Arab Emirates, Tuesday, Feb. 2, 2016. (AP Photo/Kamran Jebreili)

ABU DHABI, United Arab Emirates — Russia says it is open to a meeting with fellow major oil-producing nations to discuss production levels amid a plunge in global oil prices. Foreign Minister Sergey Lavrov told reporters in the United Arab Emirates on Tuesday that Moscow is “open for other forms of cooperation, if there is general interest in holding a ...

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Four countries added to global shale oil, natural gas assessment

global shale resources

The Energy Information Administration continues to expand its assessment of technically recoverable shale oil and natural gas resources around the world. The organization added four new countries – Chad, Kazakhstan, Oman and the United Arab Emirates – to the previous 42 countries.  The additions resulted in a 13 percent increase in global assessed total resource estimate for shale oil and ...

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