Almost a century ago, on October 15, 1927, the forerunner of BP struck oil at Kirkuk in northern Iraq. An uncontrollable fountain of oil, 95,000 barrels per day, shot into the air for 10 days, ...

A UAE-backed company has secured a major contract to build Uganda’s first crude oil refinery, a 60,000-barrel-per-day (BPD) ...

The UAE contains proven crude oil reserves of 97.8 billion barrels, or slightly less than 8% of the world total reserves. Abu Dhabi holds 94% of this amount, or about 92.2 billion barrels.

The UAE’s non-oil economy is projected to grow 5.2 per cent this year, driven by tourism, real estate, finance and other sectors, according to an analysis by S&P Global Market Intelligence.

A major crude oil reserve has been discovered near Sagarpali village in Ballia district, Uttar Pradesh, with ONGC launching ...

While non-oil growth remains robust, the UAE’s economy still faces external challenges such as fluctuations in global oil prices, inflationary pressures, and geopolitical uncertainties.

Abu Dhabi, which holds 90% of UAE's oil reserves, has accelerated efforts to diversify its economy, leaning on its vast wealth and sovereign funds, which together manage almost $2 trillion ...

Commenting on the UAE’s status in light of these global financial measures, Razan Hilal, Market Analyst, CMT at Forex.com ...

The trade sector topped the non-oil contribution list with a share of 16.5% Non-oil activities accounted for 74.6 per cent of the UAE’s total real GDP, while the oil sector contributed 25.4 per ...

Growth in the UAE's non-oil private sector head steady through February as increasing levels of new business led to higher output, but firms felt the pinch of competition, a survey showed on Wednesday ...

DUBAI, March 5 (Reuters) - The UAE's non-oil private sector growth in activity held steady in February driven by strong demand and output, a survey showed on Wednesday. The seasonally adjusted S&P ...