Abu Dhabi National Oil Company will continue to create opportunities for the private sector and ensure business continuity and safety amid the coronavirus pandemic, the company said in a statement.
The UAE, Opec's fourth-largest producer, accounts for 4 per cent of global oil production. State-owned Adnoc accounts for much of that output and had planned to bring 4 million barrels per day to the market in April following the expiry of the Opec+ agreement on production cuts last month.
“As we navigate this challenging period, nothing is more important than the health and safety of our people, as well as the integrity of our assets," said Dr Sultan Al Jaber, Adnoc group chief executive and UAE minister of state.
"Today, as the result of our transformation over the past four years, Adnoc is far stronger, more resilient and better positioned to respond to current market dynamics, including reduced demand and low oil prices," he added.
The company, a major employer in the UAE, will continue to champion its in-country value programme, through which state-owned oil companies ensure opportunities for local manufacturers.
Adnoc's programme was developed ensure a trickle-down effect into the local economy through contracts it awards for projects, which are typically worth billions of dirhams.
The scheme has generated more than Dh44 billion for the UAE economy and created more than 1,500 private-sector jobs for UAE nationals following its launch in 2018, the company said.
"We will continue to invest responsibly and smartly through the downturn with a firm focus on people, performance, profitability, and efficiency, which have always been part of our DNA. In parallel, we will double down on in-country value creation, as well as identify win-win solutions with partners, contractors and suppliers," Dr Al Jaber added.
In February, Adnoc signed a preliminary agreement with the Abu Dhabi Department of Economic Development extending Adnoc's local supplier certification programme across the government’s procurement procedures.
Under the programme, companies would be certified based on their contribution to the country's economy, helping them to secure more work. The certification is now set to apply across the public sector.
Adnoc launched the ICV programme two years ago to coincide with its own 2030 smart growth strategy, which involves signification spending and investment to boost capacity and diversify product lines.
About Karol Nawrocki
• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.
• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.
• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.
• Met Donald Trump at the White House and received his backing.
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
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UAE currency: the story behind the money in your pockets
If%20you%20go
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Gertrude Bell's life in focus
A feature film
At one point, two feature films were in the works, but only German director Werner Herzog’s project starring Nicole Kidman would be made. While there were high hopes he would do a worthy job of directing the biopic, when Queen of the Desert arrived in 2015 it was a disappointment. Critics panned the film, in which Herzog largely glossed over Bell’s political work in favour of her ill-fated romances.
A documentary
A project that did do justice to Bell arrived the next year: Sabine Krayenbuhl and Zeva Oelbaum’s Letters from Baghdad: The Extraordinary Life and Times of Gertrude Bell. Drawing on more than 1,000 pieces of archival footage, 1,700 documents and 1,600 letters, the filmmakers painstakingly pieced together a compelling narrative that managed to convey both the depth of Bell’s experience and her tortured love life.
Books, letters and archives
Two biographies have been written about Bell, and both are worth reading: Georgina Howell’s 2006 book Queen of the Desert and Janet Wallach’s 1996 effort Desert Queen. Bell published several books documenting her travels and there are also several volumes of her letters, although they are hard to find in print. Original documents are housed at the Gertrude Bell Archive at the University of Newcastle, which has an online catalogue.
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
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Price: On request
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
Explainer: Tanween Design Programme
Non-profit arts studio Tashkeel launched this annual initiative with the intention of supporting budding designers in the UAE. This year, three talents were chosen from hundreds of applicants to be a part of the sixth creative development programme. These are architect Abdulla Al Mulla, interior designer Lana El Samman and graphic designer Yara Habib.
The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.
It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.
The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.
Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”
More on Quran memorisation:
The specs
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Fuel consumption: 6.9L/100km
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A Bad Moms Christmas
Dir: John Lucas and Scott Moore
Starring: Mila Kunis, Kathryn Hahn, Kristen Bell, Susan Sarandon, Christine Baranski, Cheryl Hines
Two stars
The five pillars of Islam
