Abu Dhabi

Chief executive of UAE's ADNOC sees global economy in better shape in 2020

ABU DHABI (Reuters) - The global economy is going into 2020 in better shape than last year, Sultan al-Jaber, the chief executive of Abu Dhabi National Oil Co (ADNOC) said on Saturday, adding that he was pleased regional tension had dissipated in the past few days.

“The UAE will be the first country in the region to operate a safe commercial, peaceful nuclear power station,” Jaber also told an energy event in the capital, Abu Dhabi.

OPEC Secretary General says U.S.-China trade deal would remove 'dark cloud' on oil market

ABU DHABI (Reuters) - OPEC’s Secretary General Mohammad Barkindo said on Wednesday he is confident that the United States and China would reach a trade deal and that it would remove a “dark cloud” over the oil market.

It is premature to discuss the December OPEC+ decision and it is too early to say if further output cuts would be needed, Barkindo told reporters on the sidelines of an industry event in Abu Dhabi.

OPEC and it’s non-OPEC partners need to continue working together to weather uncertainties and are committed to doing so, he said.

Oman urges dialogue with Iran, stays neutral in regional tensions

ABU DHABI (Reuters) - Oman’s oil minister called on Monday for dialogue with Iran, saying his country had been campaigning for talks and would remain neutral towards regional tensions.

“Oman has always maintained that, yes, we are always neutral as neutrality suits us and suits the way we manage the differences,” Mohammed bin Hamad al-Rumhy told an oil conference in the United Arab Emirates.

Sudan has received half of $3 billion aid promised by Saudi and UAE

ABU DHABI (Reuters) - Sudan has received half of $3 billion in aid promised by Saudi Arabia and the United Arab Emirates in April and expects the remainder to be paid by the end of next year, Sudan’s finance minister said late on Monday.

The Gulf countries agreed the aid package soon after former president Omar al-Bashir was ousted, throwing a lifeline to Sudan’s new military leaders at the time.

Saudi, Russia call for better compliance with oil cuts

ABU DHABI (Reuters) - Saudi Arabia and Russia called on Thursday for members of OPEC and its allies to better comply with oil production cuts, effectively signaling they want over-producing countries such as Nigeria and Iraq to curb output to help boost oil prices.

The calls from Saudi and Russian energy ministers came after Iraqi oil minister Thamer Ghadhban said on Wednesday OPEC and its allies could discuss deeper cuts amid slowing economic growth due to a U.S.-China trade dispute.

UAE defends its acts in Yemen as "self-defense"

ABU DHABI, Aug. 29 (Xinhua) -- The United Arab Emirates affirmed its right of self-defense against all threats targeting the Arab coalition forces in Yemen, asserted the UAE's foreign ministry in a statement on Thursday.

"The recent aggravation in offensives against the Arab coalition forces and civilians poses a menacing threat to the security of the coalition. This in turn has necessitated air strikes against terrorist militias as per the international humanitarian law," said the statement released in response to a statement by the Yemeni foreign ministry.

In UAE, Trump’s adviser warns Iran of ‘very strong response’

ABU DHABI, United Arab Emirates (AP) — President Donald Trump’s national security adviser warned Iran on Wednesday that any attacks in the Persian Gulf will draw a “very strong response” from the U.S., taking a hard-line approach with Tehran after his boss only two days earlier said America wasn’t “looking to hurt Iran at all.”

John Bolton’s comments are the latest amid heightened tensions between Washington and Tehran that have been playing out in the Middle East.

US national security adviser in UAE amid tensions with Iran

ABU DHABI, United Arab Emirates (AP) — President Donald Trump’s national security adviser, a longtime hawk on Iran, is visiting the United Arab Emirates amid heightened tensions across the Persian Gulf.

John Bolton tweeted he had arrived in the Emirates for meetings Wednesday “to discuss important and timely regional security matters.”

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