UAE | Egypt Oil & Gas - Part 47
Vehicle Efficiency to Follow UAE Fuel Price Dereglation
MiX Telematics is now offering practical fleet management solutions for companies in the UAE following the decision to deregulate the fuel market and remove energy subsidies, reported Trade Arabia. Brodie Von Berg, he...
GCC VAT Moves Delayed but UAE Forging Ahead
“An immediate announcement will be made once a final agreement on imposing a VAT law is reached,” said the UAE’s Finance Ministry in a statement quoted in The National. The draft VAT originally agreed to by the ...
$1 Trillion Investment Opportunities in India for UAE
While concluding his visit to the UAE India’s Prime Minister Narendra Modi called on prominent business leaders to invest in India in fields such as infrastructure, energy and real estate to the tune of $1 trill...
Indian PM in UAE to Enhance Energy Cooperation
Indian Prime Minister Narendra Modi arrived in the UAE yesterday, reported Gulf News, in an historic attempt to deepen relations with the Gulf Arab countries and draw more Gulf investments into his country. The last t...
Taqa Layoffs Still Not Enough to Stem Sliding Profits
According to Bloomberg Abu Dhabi’s Taqa has had to lay off 22% of its oil and gas jobs over the past year, with spending to be cut by 2.5b dirhams ($681m) this year after. The reported cause, made by Taqa in an emaile...
Dana Gas Reports 85% Drop in Profit from Year Earlier
The UAE-based Dana Gas announced an 85% drop in profit compared to last year, reported Bloomberg. The company, which is the largest private gas producer in the Middle East, has extensive assets in Egypt and Iraq. Howe...
Enoc Updates Executives in Tune with Fuel Subsidy Reforms
Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy and MD and CEO of Dubai Electricity and Water Authority, was appointed Vice Chairman of the Emirates National Oil Company (Enoc) board, rep...
ENOC’s M&A Strategy After Fuel Price Reforms
Dubai’s Emirates National Oil Co (ENOC) plans to expand in the region after the United Arab Emirates deregulated fuel prices, lifting financial pressure on the company, it said on Wednesday. The firm has strugg...
