Dubai-based Emirates National Oil Company has signed a partnership agreement with state-owned Indian Oil Corporation to expand its presence in South Asia's largest market while building synergies on research and development infrastructure.
The two partners will look to jointly develop cylinder oil that has a sulphur cap of 0.5 per cent compared with the current 3.5 per cent as part of efforts to meet a global deadline by the International Maritime Organisation restricting the presence of the polluting chemical in bunker fuel.
"Enoc's alliance with one of the world’s biggest oil and gas companies, IOC, will help mitigate these environmental risks through world-class research & development and manufacturing that meets the IMO standards," said Enoc group chief executive Saif Humaid Al Falasi.
India is amongst the biggest buyers of oil in Asia, with Middle Eastern crude forming the bulk of its imports. Middle East energy firms have increasingly begun to eye the Indian products market, with Abu Dhabi National Oil Company and Saudi Aramco for instance, looking to jointly develop a $44 billion refining and chemicals complex with a consortium of domestic state-backed refiners.
Other UAE companies such as Adnoc Distribution, a unit of the state oil firm, are looking to enter the highly lucrative lubricants segment in Asia's third largest economy.
In an interview with The National, Adnoc Distribution's deputy chief executive John Carey said the company's future partnerships in India, where it is currently positioning itself, would typically be with private players.
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AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Company%C2%A0profile
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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
The British in India: Three Centuries of Ambition and Experience
by David Gilmour
Allen Lane
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Racecard
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New schools in Dubai
UAE%20ILT20
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EU's%2020-point%20migration%20plan
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ABU%20DHABI%20CARD
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Match info
Bournemouth 1 (King 45 1')
Arsenal 2 (Lerma 30' og, Aubameyang 67')
Man of the Match: Sead Kolasinac (Arsenal)
How the UAE gratuity payment is calculated now
Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.
The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.
1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):
a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33
b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.
2. For those who have worked more than five years
c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.
Note: The maximum figure cannot exceed two years total salary figure.
2.0
Director: S Shankar
Producer: Lyca Productions; presented by Dharma Films
Cast: Rajnikanth, Akshay Kumar, Amy Jackson, Sudhanshu Pandey
Rating: 3.5/5 stars
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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MATCH INFO
Uefa Champions League, last-16. first leg
Atletico Madrid v Juventus, midnight (Thursday), BeIN Sports
