Category Archives: Production

Watania Takaful net profits up by 78% in 9 months

ABU DHABI, National Takaful Company, Watania, announced positive financial results in 9 months during the financial of 2020, as the company’s net profits are up by 78 percent compared to corresponding period last year. The Company achieved net profit of AED17.8 million in 9 months during the financial year 2020 as against AED10.0 mn in

Asian countries urge greater oil and gas producer-consumer collaboration at ADIPEC Virtual 2020

ABU DHABI, Ministers from across Asia have used the ADIPEC 2020 Virtual conference and exhibition to urge greater collaboration between oil and gas producing nations and consumer-led countries to ensure business resilience in a post-COVID world and during the transition to lower carbon energy. Addressing the ADIPEC 2020 Virtual Strategic Conference on day one of

Sharjah Police announces 49% decrease in rate of traffic accidents

SHARJAH, The Traffic Statistics Branch of the Traffic and Patrols Department of the Sharjah Police General Command reveals a 49 percent decrease in the rate of traffic accidents during the past 10 months, compared to the same period last year. Commenting on this, Lt. Col. Mohammed Alai Al Naqbi, Director of Traffic and Patrol Department

OPEC daily basket price stands at $39.22 a barrel Friday

VIENNA, The price of OPEC basket of thirteen crudes stood at US$39.22 a barrel on Friday, 6th November 2020, compared with US$39.79 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon),