Sharjah - September 30, 2009 - The flow of gas is controlled by the closing or opening of these valves as Crescent Petroleum's C.I. Baby demonstrates on the company's oil and gas platform in their Miubarek field off the coast of Sharjah, September 30, 2009. The gas line runs approximately 100 kilometers from the platform to the Dubai Natural Gas Company in Jebel Ali. (Photo by Jeff Topping/ The National ) *** Local Caption ***  JT004-0930-CRESCENT PETROLEUM_MG_3288.jpg
The UAE is likely to become a net importer of natural gas in the next few years. Above, Crescent Petroleum's gas facility in Sharjah. Jeff Topping / The National

Abu Dhabi's oil output at 2.8m barrels per day



Abu Dhabi fell short of meeting its target to raise oil production to 3 million barrels per day (bpd) by the end of last year, said Mohammed Al Hamli, the UAE Minister of Energy.

The UAE could also be a net importer of natural gas for some time to come, as demand for power generation and from industry continues to rise, he added.

Abu Dhabi’s oil production now stands at 2.8 million bpd for January, Mr Al Hamli said at an industry event yesterday.

In October, the minister had reiterated the emirate’s ambition to pump 3 million bpd by year-end, as part of a five-year plan to raise capacity to 3.5 million bpd.

With oil prices consistently above US$100 a barrel, increasing output is a profitable undertaking, especially given Abu Dhabi’s relatively low costs of production.

While blessed with an abundance of accessible crude – reserves are estimated at about 92 billion barrels – Abu Dhabi is having more difficulty in producing enough gas to meet domestic requirements.

“It seems like we’re going to be a net importer of natural gas since there is no way that we can meet our domestic demand from existing sources,” said Mr Al Hamli.

Gas import and export volumes in Abu Dhabi are now almost evenly matched, say energy officials.

The emirate exports natural gas it produces on its offshore fields to Japan. This leaves it short at home, and Abu Dhabi and Dubai draw on gas imported from Qatar via the Dolphin Energy pipeline.

In addition, Dubai buys liquefied natural gas (LNG) from the international markets. Abu Dhabi is set to follow suit and is building an LNG import terminal in Fujairah.

Abu Dhabi holds about 5 per cent of the world's proven reserves, but much of it is sulphur-laced sour gas, which is expensive to produce. Abu Dhabi National Oil Company (Adnoc) has responded to rapidly increasing demand by launching a major project to extract and process sour gas.

Al Hosn, a joint venture between Adnoc and the American company Occidental, will complete the Shah gas development by 2014, adding 500 million cubic feet of gas per day to the domestic supply.

Adnoc’s integrated gas development will also boost supply, while more sour-gas projects are under way.

Nevertheless, increasing demand from growing cities and industrial parks may keep the import-export balance tilted towards gas inflows.

“We are not really short of gas, but as we are looking into the deep future, unless we have some discoveries, we’re going to be a net importer,” said Mr Al Hamli.

UFC in Abu Dhabi


UFC 112: Invincible (April 10, 2010)

UFC Fight Night: Nogueira v Nelson (April 11, 2014)

UFC 242: Khabib v Poirier (September 7, 2019)


Fight Island 1

UFC 251: Usman v Masvidal (July 12, 2020)

UFC on ESPN: Kattar v Ige (July 16, 2020)

UFC Fight Night: Figueiredo v Benavidez 2 (July 19, 2020)

UFC on ESPN: Whittaker v Till (July 26, 2020)


Fight Island 2

UFC 253: Adesanya v Costa (September 27, 2020)

UFC on ESPN: Holm v Aldana (October 4, 2020)

UFC Fight Night: Moraes v Sandhagen (October 11, 2020)

UFC Fight Night: Ortega v Korean Zombie (October 18, 2020)

UFC 254: Khabib v Gaethje (October 24, 2020)



Fight Island 3

UFC on ABC:
Holloway v Kattar (January 16, 2021)

UFC on ESPN: Chiesa v Magny (January 20, 2021)

UFC 257: Poirier v McGregor 2 (January 24, 2021)



UFC 267: Blachowicz v Teixeira (October 30, 2021)

UFC 280: Oliveira v Makhachev (October 22, 2022)

Draw for Europa League last-16

Istanbul Basaksehir v Copenhagen; Olympiakos Piraeus v Wolverhampton Wanderers

Rangers v Bayer Leverkusen; VfL Wolfsburg v Shakhtar Donetsk; Inter Milan v Getafe

Sevilla v AS Roma; Eintracht Frankfurt or Salzburg v Basel; LASK v Manchester United

DIVINE INTERVENTOIN

Starring: Elia Suleiman, Manal Khader, Amer Daher

Director: Elia Suleiman

Rating: 4.5/5

Scoreline

Liverpool 3
Mane (7'), Salah (69'), Firmino (90')

Bournemouth 0

About Proto21

Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group

FA CUP FINAL

Chelsea 1
Hazard (22' pen)

Manchester United 0

Man of the match: Eden Hazard (Chelsea)

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

Why your domicile status is important

Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.

Company profile

Name: Fruitful Day

Founders: Marie-Christine Luijckx, Lyla Dalal AlRawi, Lindsey Fournie

Based: Dubai, UAE

Founded: 2015

Number of employees: 30

Sector: F&B

Funding so far: Dh3 million

Future funding plans: None at present

Future markets: Saudi Arabia, potentially Kuwait and other GCC countries

'Panga'

Directed by Ashwiny Iyer Tiwari

Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta

Rating: 3.5/5

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

Company profile

Date started: December 24, 2018

Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer

Based: Dubai Media City

Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)

Sector: ConsumerTech and FinTech

Cashflow: Almost $1 million a year

Funding: Series A funding of $2.5m with Series B plans for May 2020

Teaching your child to save

Pre-school (three - five years)

You can’t yet talk about investing or borrowing, but introduce a “classic” money bank and start putting gifts and allowances away. When the child wants a specific toy, have them save for it and help them track their progress.

Early childhood (six - eight years)

Replace the money bank with three jars labelled ‘saving’, ‘spending’ and ‘sharing’. Have the child divide their allowance into the three jars each week and explain their choices in splitting their pocket money. A guide could be 25 per cent saving, 50 per cent spending, 25 per cent for charity and gift-giving.

Middle childhood (nine - 11 years)

Open a bank savings account and help your child establish a budget and set a savings goal. Introduce the notion of ‘paying yourself first’ by putting away savings as soon as your allowance is paid.

Young teens (12 - 14 years)

Change your child’s allowance from weekly to monthly and help them pinpoint long-range goals such as a trip, so they can start longer-term saving and find new ways to increase their saving.

Teenage (15 - 18 years)

Discuss mutual expectations about university costs and identify what they can help fund and set goals. Don’t pay for everything, so they can experience the pride of contributing.

Young adulthood (19 - 22 years)

Discuss post-graduation plans and future life goals, quantify expenses such as first apartment, work wardrobe, holidays and help them continue to save towards these goals.

* JP Morgan Private Bank 

Dubai World Cup Carnival Thursday race card

6.30pm: Dubai Millennium Stakes Group Three US$200,000 (Turf) 2,000m
7.05pm: Handicap $135,000 (T) 1,600m​​​​​​​
7.40pm: UAE Oaks Group Three $250,000 (Dirt) 1,900m​​​​​​​
8.15pm: Zabeel Mile Group Two $250,000 (T) 1,600m​​​​​​​
8.50pm: Meydan Sprint Group Two $250,000 (T) 1,000m​​​​​​​
9.25pm: Handicap $135,000 (D) 1,400m
10pm: Handicap $135,000 (T) 1,600m

Greatest Royal Rumble match listing

50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias

Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match

WWE World Heavyweight ChampionshipAJ Styles (champion) v Shinsuke Nakamura

Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe

United States Championship Jeff Hardy (champion) v Jinder Mahal

SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos

Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt

Casket match The Undertaker v Rusev

Singles match John Cena v Triple H

Cruiserweight Championship Cedric Alexander v Kalisto

Hotel Data Cloud profile

Date started: June 2016
Founders: Gregor Amon and Kevin Czok
Based: Dubai
Sector: Travel Tech
Size: 10 employees
Funding: $350,000 (Dh1.3 million)
Investors: five angel investors (undisclosed except for Amar Shubar)

 

Company: Instabug

Founded: 2013

Based: Egypt, Cairo

Sector: IT

Employees: 100

Stage: Series A

Investors: Flat6Labs, Accel, Y Combinator and angel investors

Company Profile

Company name: myZoi
Started: 2021
Founders: Syed Ali, Christian Buchholz, Shanawaz Rouf, Arsalan Siddiqui, Nabid Hassan
Based: UAE
Number of staff: 37
Investment: Initial undisclosed funding from SC Ventures; second round of funding totalling $14 million from a consortium of SBI, a Japanese VC firm, and SC Venture

Florida: The critical Sunshine State

Though mostly conservative, Florida is usually always “close” in presidential elections. In most elections, the candidate that wins the Sunshine State almost always wins the election, as evidenced in 2016 when Trump took Florida, a state which has not had a democratic governor since 1991. 

Joe Biden’s campaign has spent $100 million there to turn things around, understandable given the state’s crucial 29 electoral votes.

In 2016, Mr Trump’s democratic rival Hillary Clinton paid frequent visits to Florida though analysts concluded that she failed to appeal towards middle-class voters, whom Barack Obama won over in the previous election.

Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae


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