Abu Dhabi ports have seen a 15.7% increase in non-oil trade during the second quarter of this year. Figures released by the emirate’s statistics centre show a surge in foreign demand for precious metals. It comes as analysts predict GCC economies to grow by 3.4% in 2015. Due to falling oil prices, countries with fewer financial buffers are witnessing problems related to low growth performance. Saudi Arabia and the UAE are less impacted, with strategies under way to promote non-oil trade.
ADNOC Drilling awarded AED6.24bn contract to unlock UAE’s unconventional energy resources
ADNOC Drilling Company has been awarded a AED6.24 billion contract by ADNOC to provide drilling and associated services for the recovery of unconventional energy resources.
EHRDC offer 50 private-sector job opportunities for Emiratis
A total of 50 private sector job opportunities have been announced for Emiratis during a highly successful Career Open Day held at the Al Khawaneej Majles.
Tokyo startup to develop reusable rocket
Tokyo-based startup Innovative Space Carrier Inc. will develop a reusable satellite launch rocket in partnership with a US rocket engine maker, aiming for commercial use by around 2030.
OpenAI strikes deal to bring Reddit content to ChatGPT
Reddit has partnered with OpenAI to bring its content to popular chatbot ChatGPT sending the social media platform's shares up 12 per cent in extended trade.
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