A Bharat Petroleum fuel station in Maharashtra. India is expected to be the largest source of oil demand growth until 2030, the International Energy Agency says. Bloomberg
A Bharat Petroleum fuel station in Maharashtra. India is expected to be the largest source of oil demand growth until 2030, the International Energy Agency says. Bloomberg
A Bharat Petroleum fuel station in Maharashtra. India is expected to be the largest source of oil demand growth until 2030, the International Energy Agency says. Bloomberg
A Bharat Petroleum fuel station in Maharashtra. India is expected to be the largest source of oil demand growth until 2030, the International Energy Agency says. Bloomberg

Abu Dhabi awards oil and gas block to Bharat Petroleum and Indian Oil joint venture


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Abu Dhabi has awarded an onshore oil and gas block to an Indian joint venture, as part of efforts to deepen energy ties between the UAE and India.

Urja Bharat, a venture between state-run energy companies Bharat Petroleum and Indian Oil, has been granted production rights by the Supreme Council for Financial and Economic Affairs (SCFEA) for onshore Block 1 in Al Ruwais, after completion of the exploration phase awarded in 2019, the Abu Dhabi Media Office reported on Wednesday.

Early exploration in the block, especially in the 38-square-kilometre Al Ruwais area, showed positive results, it said.

“The award of the production concession affirms our efforts to advance the emirate's hydrocarbon sector while ensuring the long-term economic prosperity of Abu Dhabi,” said Jassem Al Zaabi, secretary general of the SCFEA.

“This concession is part of our broader strategy to enhance the resilience and sustainability of our economy.”

Earlier this week, India and the UAE signed several major agreements covering crude oil storage, long-term supply of liquefied natural gas and co-operation in the civil nuclear energy sector.

Abu Dhabi-based Adnoc signed a preliminary 15-year agreement with Indian Oil to supply 1 million tonnes a year of LNG to India. Indian Oil is set to become the largest buyer of LNG from Adnoc by 2029. The annual purchase will reach 2.2 million tonnes, with 1.2 million tonnes coming from Adnoc's Das Island operations and one million tonnes from Ruwais LNG.

Adnoc also signed an agreement with the Indian Strategic Petroleum Reserve to extend its existing oil storage agreement.

The announcements came after a meeting between Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, and Indian Prime Minister Narendra Modi, in New Delhi.

India, the world’s third-largest crude importer, is expected to be the largest source of oil demand growth until 2030, the International Energy Agency said in a report earlier this year.

In the next three decades, the South Asian country is poised to experience the “largest energy demand growth” of any country in the world as industrialisation and urbanisation surge, the agency said at the time.

The UAE is among the world’s largest oil producers, and more than 95 per cent of the country’s roughly 100 billion barrels of proven oil reserves are in Abu Dhabi.

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UAE currency: the story behind the money in your pockets
THE%20STRANGERS'%20CASE
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FIGHT CARD

Sara El Bakkali v Anisha Kadka (Lightweight, female)
Mohammed Adil Al Debi v Moaz Abdelgawad (Bantamweight)
Amir Boureslan v Mahmoud Zanouny (Welterweight)
Abrorbek Madaminbekov v Mohammed Al Katheeri (Featherweight)
Ibrahem Bilal v Emad Arafa (Super featherweight)
Ahmed Abdolaziz v Imad Essassi (Middleweight)
Milena Martinou v Ilham Bourakkadi (Bantamweight, female)
Noureddine El Agouti v Mohamed Mardi (Welterweight)
Nabil Ouach v Ymad Atrous (Middleweight)
Nouredin Samir v Zainalabid Dadachev (Lightweight)
Marlon Ribeiro v Mehdi Oubahammou (Welterweight)
Brad Stanton v Mohamed El Boukhari (Super welterweight

UAE currency: the story behind the money in your pockets
Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

COMPANY%20PROFILE
%3Cp%3ECompany%20name%3A%20CarbonSifr%3Cbr%3EStarted%3A%202022%3Cbr%3EBased%3A%20Dubai%3Cbr%3EFounders%3A%20Onur%20Elgun%2C%20Mustafa%20Bosca%20and%20Muhammed%20Yildirim%3Cbr%3ESector%3A%20Climate%20tech%3Cbr%3EInvestment%20stage%3A%20%241%20million%20raised%20in%20seed%20funding%3Cbr%3E%3C%2Fp%3E%0A
BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES

SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities

Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails

Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies

Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

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Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
THREE
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The five pillars of Islam
Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

THE LOWDOWN

Photograph

Rating: 4/5

Produced by: Poetic License Motion Pictures; RSVP Movies

Director: Ritesh Batra

Cast: Nawazuddin Siddiqui, Sanya Malhotra, Farrukh Jaffar, Deepak Chauhan, Vijay Raaz

SPECS
%3Cp%3E%3Cstrong%3EEngine%3C%2Fstrong%3E%3A%202-litre%20direct%20injection%20turbo%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3C%2Fstrong%3E%3A%207-speed%20automatic%20%0D%3Cbr%3E%3Cstrong%3EPower%3C%2Fstrong%3E%3A%20261hp%20%0D%3Cbr%3E%3Cstrong%3ETorque%3C%2Fstrong%3E%3A%20400Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3C%2Fstrong%3E%3A%20From%20Dh134%2C999%26nbsp%3B%3C%2Fp%3E%0A
Dhadak

Director: Shashank Khaitan

Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

Stars: 3

Racecard
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The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

ESSENTIALS

The flights

Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.

The hotels

Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.

The tours

A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages. 

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

Updated: September 12, 2024, 10:26 AM`