Sharjah has made it first onshore natural gas discovery in over 30 years.
The Sharjah National Oil Corporation (SNOC) and its Italian partner ENI, made the discovery at the Mahani-1 exploration well within the first year of their partnership.
The well, which was drilled at a total depth of 14,597 feet, has tested gas with flow rates of up to 50 million standard cubic feet per day.
The size of the discovery will be further evaluated in due course.
Mahani-1, located in the area B concession, is the first exploration well drilled by SNOC following the acquisition of a new 3D seismic survey covering the territory.
“The discovery fulfils the emirate’s commitment to making reliable and sustained gas supplies available throughout the UAE”, said H.H. Sheikh Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Chairman of Sharjah Oil Council.
He added that the discovery supports Sharjah's development process and will work to bring about a major transformation in the industrial and commercial fields in the emirate.
Meraas, a member of Dubai Holding Real Estate, has awarded AED 2.4 billion in main construction contracts for new phases of its flagship villa developments, The Acres and The Acres Estates, in Dubailand.
Bangladesh is set to sign a deal on Thursday to buy 14 aircraft from US planemaker Boeing, officials said, a move that marks a shift away from Europe's Airbus amid trade pressure from Washington.
The UAE Circular Economy Council held its first meeting of 2026 on Wednesday, with discussions centred on strengthening food security, expanding sustainable production, and increasing investment in circular economy sectors.