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ADNOC Drilling Wins $800M Contract – UAE Oil & Gas News

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

ADNOC Drilling Awarded AED2.94 Billion Contract for Hydraulic Cracking Services

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Abu Dhabi – ADNOC Drilling Company has been awarded a meaningful contract valued at AED 2.94 billion by ADNOC Wilding Company to deliver integrated hydraulic cracking services across both conventional and unconventional reservoirs. The five-year agreement, set to commence in the third quarter of 2025, solidifies ADNOC Drilling’s position as a frontrunner in integrated energy services.

Integrated Hydraulic Cracking Services Contract Details

The contract underscores ADNOC Drilling’s leadership in advanced oilfield services,integrating next-generation technology,artificial intelligence,and real-time smart analysis tools to enhance operational capabilities and promote safer,more enduring energy sector outcomes. This agreement marks the fifth contract secured by ADNOC Drilling from ADNOC Marine within a span of only two months.

Did You Know? Hydraulic fracturing, commonly known as fracking, has been used since the 1940s, but advancements in technology have substantially improved its efficiency and environmental safety in recent years [1].

Statements from ADNOC Drilling Leadership

Abdullah Attia Al-Musabi, CEO of ADNOC Drilling Company, emphasized the depth of their partnership with ADNOC Wilding, highlighting the confidence in ADNOC Drilling’s ability to provide high-impact, technically elegant cracking services. These services are crucial for maximizing the UAE’s energy potential. Al-Musabi also noted the company’s commitment to achieving a qualitative shift in their business and contributing to the strategic goals of the UAE in the energy sector.

Strategic Impact and Technological Advancements

The scope of the contract aligns with ADNOC’s strategic objective to expedite the development of both traditional and unconventional reservoirs throughout the UAE. It encompasses the design, implementation, and evaluation of multi-stage hydraulic cracking treatments applicable to a wide array of reservoirs in Abu Dhabi. These cracking services are essential for enhancing oil and gas flow in reservoirs, thereby increasing production rates.

ADNOC is committed to innovation and will deploy advanced technology at every stage of the project to boost operational efficiency and performance excellence. This includes utilizing specialized simulation programs to refine cracking operations,increase flow rates,and maximize hydrocarbon extraction. The financial implications of this contract reinforce ADNOC Drilling’s directives for 2025 and revenue projections for 2026, establishing a robust foundation for growth and profitability beyond 2027.

Pro Tip: Monitoring reservoir pressure and fluid composition during hydraulic fracturing is crucial for optimizing production and minimizing environmental impact.

Financial Outlook and Recent Contracts

The estimated revenue for ADNOC Drilling from this contract is AED 2.94 billion, with actual revenues dependent on the scope and timing of services rendered. This contract follows a series of significant agreements with ADNOC Marine, including a AED 5.99 billion contract for integrated drilling services, a AED 2.97 billion contract for three island drilling platforms,and a AED 4.22 billion contract for 15 years of marine excavations. Additionally, ADNOC Drilling has recently completed acquisitions in Oman and Kuwait valued at AED 1.47 billion.

ADNOC Drilling Recent Contract Overview
Contract Description value (AED Billion) Duration
Integrated Hydraulic Cracking Services 2.94 5 years
Integrated Drilling services 5.99 5 years
Island Drilling Platforms 2.97 N/A (3 platforms)
Marine Excavations 4.22 15 years
Acquisitions (Oman & Kuwait) 1.47 N/A

What impact will this contract have on the UAE’s energy production goals? How can technology further improve the efficiency and sustainability of hydraulic cracking?

Evergreen Insights: Hydraulic cracking and UAE Energy Strategy

Hydraulic fracturing plays a crucial role in unlocking unconventional oil and gas reserves, contributing significantly to energy security and economic growth. The UAE’s strategic focus on developing both traditional and unconventional resources aligns with global trends in energy production. As of 2024, unconventional resources account for a considerable portion of global oil and gas production, and this trend is expected to continue [2]. The integration of advanced technologies, such as AI and real-time data analytics, is essential for optimizing hydraulic fracturing operations and minimizing environmental impact.

frequently Asked Questions About Hydraulic Cracking

what are integrated hydraulic cracking services?

Integrated hydraulic cracking services encompass the design, implementation, and evaluation of hydraulic fracturing treatments to enhance oil and gas production from reservoirs.

why is ADNOC Drilling focusing on unconventional reservoirs?

Unconventional reservoirs hold significant untapped oil and gas reserves, and developing these resources is crucial for meeting growing energy demands and ensuring energy security.

How does ADNOC Drilling ensure the sustainability of its operations?

ADNOC drilling integrates advanced technologies and best practices to minimize environmental impact, optimize resource utilization, and ensure the long-term sustainability of its operations.

What role does technology play in hydraulic cracking?

Technology,including simulation programs and real-time data analytics,is essential for optimizing hydraulic fracturing operations,increasing production rates,and minimizing environmental impact.

What are the financial benefits of this contract for ADNOC Drilling?

The contract is expected to generate AED 2.94 billion in revenue for ADNOC Drilling and contribute to the company’s growth and profitability in the coming years.

Disclaimer: this article provides general data about ADNOC Drilling’s contract and the hydraulic cracking process. It does not constitute financial or investment advice.

Share your thoughts on this significant energy sector development! Leave a comment below and subscribe for more updates on global energy trends.

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Business

UAE Banks: AED 858 Billion in Liquid Assets Reported

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

UAE Banking Sector‘s Liquid Assets surge to AED857.8 Billion in Q1 2025

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Abu Dhabi – The United Arab Emirates’ banking sector is showing robust financial health, with liquid assets reaching AED857.8 billion by the close of the first quarter of 2025. this represents a substantial 9% year-over-year increase, equivalent to AED71.2 billion, compared to the AED786.64 billion recorded in the first quarter of 2024.

Key Indicators Highlight Stability

According to the Central Bank of the UAE (CBUAE), the essential financial safety indicators for Q1 2025 underscore the resilience and stability of the nation’s banking sector.These indicators reveal ample liquidity, enhanced asset quality, and a notable reduction in net non-performing loans relative to total credit, which fell to 3.8% in Q1 2025 from 4.1% in the preceding quarter.

Did You Know? The UAE banking sector’s liquidity coverage rate of 144.9% significantly exceeds international regulatory standards, showcasing its capacity to meet short-term obligations.

On a quarterly basis, the value of liquid assets in the banking sector experienced a 4.94% increase, or AED40.4 billion, compared to the end of the last quarter of 2024. Data indicates that liquid assets now constitute 18.4% of the total assets of the banking sector, which amounts to AED4.66 trillion. In comparison,the ratio of liquid assets to total assets was 18.2% in the last quarter of the previous year.

Composition of Liquid Assets

The liquid assets of the UAE banking sector encompass various components,including:

  • Bank’s cash holdings
  • Trading counterparts in the market
  • Mandatory reserve requirements set by the central bank
  • Deposit certificates held by banks at the central bank
  • Public sector debts
  • Weighted government bonds with zero risks

Decline in Troubled Loans

The percentage of troubled loans relative to total loans within the UAE banking sector has decreased from 4.1% in the last quarter of the previous year and 5.0% in the first quarter of 2024, to 3.8% in the first quarter of 2025. This marks the lowest percentage recorded since 2022.

The value of non-loan loans decreased to AED94.4 billion by the end of Q1 2025, out of total bank loans amounting to AED2.51 trillion. Total bank allocations reached approximately AED151.5 billion at the end of the same period, comprising AED94.4 billion in general allocations and AED57.17 billion allocated for specific purposes and frozen benefits. These substantial allocations reflect the banking sector’s commitment to maintaining a robust financial reserve against potential credit risks.

Capital Adequacy Remains Strong

Central bank data also highlights the sustained strength of capitalization levels within the UAE banking sector.The average capital adequacy rate reached 17.6% in the first quarter, with the first part of the capital reaching 16.2%,compared to 16.4% at the end of 2024.

Pro Tip: Monitoring capital adequacy ratios is crucial for assessing the long-term stability and solvency of financial institutions.

UAE Banking Sector: Key Financial indicators (Q1 2025)

Indicator Value (Q1 2025) Value (Q1 2024) Change
liquid Assets AED 857.8 Billion AED 786.64 Billion +9%
Troubled Loans (% of Total Loans) 3.8% 5.0% Decrease
Capital Adequacy Rate 17.6% N/A N/A
Liquidity coverage Rate 144.9% N/A N/A

The UAE’s banking sector continues to demonstrate its strength and stability, supported by proactive regulatory measures and sound financial practices. These factors contribute to a favorable environment for economic growth and investment in the region.The UAE Central Bank’s data can be found on their website here.

The World Bank provides additional information on the financial sector of the UAE here.

What impact will these strong financial indicators have on the UAE’s economic outlook? How will the decrease in troubled loans affect lending practices in the region?

Evergreen Insights: UAE Banking Sector

The UAE banking sector has undergone significant transformation over the past decade, driven by regulatory reforms, technological advancements, and increasing integration with the global financial system. The sector plays a crucial role in supporting the UAE’s economic diversification efforts and facilitating trade and investment flows. Historically, the UAE banking sector has been characterized by strong capital buffers and high levels of liquidity, which have helped it weather various economic challenges. The sector’s focus on innovation and customer service has also contributed to its growth and competitiveness.

Frequently Asked Questions

what are liquid assets in the UAE banking sector?
Liquid assets include cash, trading counterparts, mandatory reserves, deposit certificates, public sector debts, and weighted government bonds.
How did liquid assets change in Q1 2025?
Liquid assets increased to AED857.8 billion, a 9% annual increase.
What contributed to the increase in liquid assets?
Flexibility,stability,abundant liquidity,improved asset quality,and decreased troubled loans.
What is the liquidity coverage rate?
The liquidity coverage rate is 144.9% in Q1 2025, exceeding international standards.
How did troubled loans change?
Troubled loans decreased to 3.8% of total loans, the lowest since 2022.
What is the capital adequacy rate?
The average capital adequacy rate is 17.6% in Q1 2025.

disclaimer: This article provides general information about the UAE banking sector and should not be considered financial advice. Consult with a qualified financial advisor for personalized guidance.

Share your thoughts on the UAE banking sector’s performance! Leave a comment below and subscribe for more updates.

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News

Nahyan bin Mubarak is witnessing the graduation of the fortieth batch of Al -Ittihad Private School in Dubai

by David Harrison – Chief Editor
written by David Harrison – Chief Editor

Sheikh Nahyan Celebrates Graduates at Al-Ittihad School

Minister of Tolerance Honors 40th Graduating Class in Dubai

In a ceremony filled with pride, Sheikh Nahyan bin Mubarak Al Nahyan attended the graduation of Al-Ittihad Private School – Al-Mamzar’s fortieth cohort. The event recognized 141 graduates, celebrating their academic achievements and marking a significant milestone in their educational journeys.

Distinguished Guests and Celebrations

The graduation was graced by the presence of Rachida Nashif, Executive Director of the Arab Company for the Development of Education, as well as numerous dignitaries and members of the school’s administrative and teaching staff. Parents also attended the event, showing their support and celebrating their children’s accomplishments.

Sheikh Nahyan and Rachida Nashif presented diplomas to the graduating students. They extended their congratulations to the graduates and their families, wishing them success in their future endeavors. These students are now ready to contribute to their country and society.

Nahyan bin Mubarak is witnessing the graduation of the fortieth batch of Al -Ittihad Private School in Dubai

“At the end of the ceremony, the school’s organizers, graduates and parents expressed their deep thanks and appreciation to His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, for honoring the ceremony, and sharing this historic moment in the school’s march, stressing that his presence reflects the depth of the appreciation that the state attaches to education and its family, and is an inspiration and pride for students as they take their first steps towards the future.”

—School Organizers

The school’s organizers, graduates, and their families expressed their gratitude to Sheikh Nahyan for attending and sharing in this historic occasion. It highlights the nation’s emphasis on education. Recent data indicates that investment in education boosts economic growth. The UAE’s investment is particularly significant, as noted by UNESCO.

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Sport

Medvedev & Testepas Advance at Halla Tennis | News Now

by Alex Carter - Sports Editor
written by Alex Carter - Sports Editor

Daniil Medvedev Claims Halle Open Title, Boosting Wimbledon Hopes

Halle,Germany – World No. 3 Daniil Medvedev showcased dominant form, securing the Halle Open title with a straight-sets victory of 6-3, 6-3 over Germany’s Dominik koepfer on Tuesday. This win marks a significant step in Medvedev’s preparation for Wimbledon, following disappointing performances at the Australian and French Opens.

Medvedev’s Road to Victory at Halle

Medvedev, aiming to regain momentum after early exits in previous Grand slam tournaments, demonstrated precision and control throughout the match. He capitalized on three out of six break point opportunities and effectively defended against two break points he faced, ultimately sealing the victory in just over an hour. This win marks Medvedev’s first title on grass as his triumph at the Mallorca Open in 2021 [[1]].

Did You know? Medvedev reached the Wimbledon semi-finals twice previously, showcasing his potential on grass courts.

Match Highlights: Medvedev vs. Koepfer

Koepfer, supported by his home crowd, fought hard and saved two match points while serving against Medvedev. However,Medvedev’s relentless pressure proved too much,as he secured the win on his third match point. The Russian’s performance signals his readiness to compete at the highest level on the Wimbledon stage [[2]].

Pro Tip: Medvedev’s aggressive baseline game and powerful serve are notably effective on grass courts.

Other Notable Performances at the Halle Open

While Medvedev’s victory was the highlight, other players also made their mark at the Halle Open. Stefanos Tsitsipas, an unseeded competitor, faced an unexpected early exit, marking his first such occurrence since the 2018 Cincinnati Masters. Defending champion Alexander Bublik started strong with a 6-4, 6-4 victory over Alexander Muller [[3]].

Halle Open Results

Player Result Opponent
Daniil Medvedev Won Dominik Koepfer
Alexander Bublik Won Alexander Muller
Stefanos Tsitsipas Lost Luciano Darderi

Looking Ahead: Medvedev’s Wimbledon Campaign

With the Halle Open title under his belt, Daniil Medvedev is now focused on Wimbledon, where he aims to surpass his previous semi-final appearances. His recent form suggests he is a strong contender for the title. The Wimbledon Championships are set to begin on July 1, 2025, and Medvedev is expected to be a key player to watch.

What are yoru predictions for Medvedev at Wimbledon? Will he finally secure a Grand Slam title on grass?

Evergreen Insights: The Allure of Grass Court Tennis

Grass court tennis holds a unique place in the sport’s history, demanding a distinct set of skills and strategies. The fast-paced nature of the surface rewards aggressive play, powerful serves, and fast reflexes. Wimbledon, the most prestigious tournament on grass, continues to captivate audiences worldwide with its traditions and challenging conditions. players like Roger Federer and Pete Sampras have dominated this surface, showcasing the importance of adaptability and precision.

Frequently Asked Questions About Daniil Medvedev and the Halle Open

  • Question: How did Daniil Medvedev perform at the Halle Open?

    Answer: Daniil Medvedev won the Halle Open by defeating Dominik Koepfer 6-3, 6-3. He demonstrated strong form, converting three of six break points and saving two break points against him.
  • Question: what is Daniil Medvedev’s ranking?

    Answer: Daniil Medvedev is currently ranked third in the world.
  • Question: What are Daniil Medvedev’s Wimbledon aspirations?

    Answer: After a strong showing at the Halle Open, Daniil Medvedev aims to improve upon his previous Wimbledon performance, where he reached the semi-finals. He is seeking his first title on grass since Mallorca in 2021.
  • Question: Who else competed at the Halle Open?

    Answer: Other notable players at the Halle Open included Stefanos Tsitsipas,who faced an early exit,and defending champion Alexander Bublik,who secured a victory against Alexander Muller.
  • Question: When did Daniil Medvedev last win a title on grass?

    Answer: Daniil Medvedev last won a title on grass at the Mallorca Open in 2021.
  • Question: What were Daniil Medvedev’s results in the Australian and French Opens?

    Answer: daniil Medvedev had disappointing results in the Australian and French Opens, leading him to seek a resurgence in form leading up to Wimbledon.

Share your thoughts on Medvedev’s chances at Wimbledon in the comments below! Subscribe to World Today News for more tennis updates.

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Entertainment

Gyeonggi Police ‘Confession Project’ Empowers Youth Volunteers

by Julia Evans – Entertainment Editor
written by Julia Evans – Entertainment Editor

South Korean Police launch ‘GO-BACK’ Project to Combat Youth Cyber Gambling Addiction

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In a proactive move to address the growing issue of youth cyber gambling, the Gyeonggi Southern Police Agency in South Korea, in collaboration with the Gyeonggi Southern Autonomous Police Commission, has launched the ‘GO-BACK’ project.The initiative aims to provide support and rehabilitation for young individuals struggling with online gambling addiction, recognizing the increasing risks associated with easy access to online platforms.

Self-Reporting System Offers Path to Recovery

Recognizing that early intervention is crucial, the Gyeonggi Southern Office implemented a gambling self-report system during April and May. This system allows young people to acknowledge their problem and seek help without fear of punishment. Rather, the focus is on providing counseling, treatment, and rehabilitation through collaboration with specialized institutions.

Did You Know? Excessive internet and smartphone use, often linked to cyber gambling, can lead to mental and physical health issues, especially in adolescents [[2]].

Key Partners in the ‘GO-BACK’ Project

Several organizations are partnering to provide comprehensive support to young people struggling with cyber gambling. These include:

Pilot Program Yields Promising Results

The pilot operation of the self-reporting system saw significant engagement, with 72 youths seeking assistance. Of those, 48 participated in counseling and treatment programs offered by specialized institutions. A breakdown of the reports revealed that 41 were direct reports from the youths themselves, while 31 came from concerned guardians, underscoring the importance of family involvement in addressing youth gambling problems.

Pro Tip: recognizing changes in a child’s behavior,such as declining grades or increased secrecy about online activities,can be an early indicator of potential gambling issues [[1]].

Demographics of Participants

the participants in the pilot program were primarily middle and high school students, with 37 middle school students and 35 high school students seeking help. Many reported that they were introduced to gambling through friends or online advertisements.

Future Plans for the ‘GO-BACK’ Project

The Gyeonggi Southern Office plans to evaluate the results of the pilot operation, incorporate feedback from participants and stakeholders, and relaunch the voluntary reporting period next month. This iterative approach will ensure that the program remains effective and responsive to the evolving needs of young people struggling with cyber gambling addiction.

Kim Joon-young, head of the Gyeonggi Southern Police Agency, emphasized the importance of early intervention, stating that the pilot operation confirmed the seriousness of youth cyber gambling and the necessity of a proactive response. The police are committed to providing ongoing support and institutional efforts to protect and rehabilitate young people, focusing on recovery rather than punishment.

Key Statistics from the Pilot Program

Metric Value
Total Youths Seeking Help 72
Youths Participating in Counseling/Treatment 48
Direct Reports from Youths 41
Reports from Guardians 31

Understanding the Broader Context of Youth Gambling

Youth gambling is a growing concern worldwide, fueled by the increasing accessibility of online gambling platforms and the normalization of gambling in popular culture. Studies show that early exposure to gambling can significantly increase the risk of developing a gambling disorder later in life [[3]].Prevention efforts, such as the ‘GO-BACK’ project, are essential to protect vulnerable young people from the harms associated with gambling addiction.

Frequently Asked Questions About Youth Cyber Gambling

  • What are the warning signs of youth gambling addiction?

    • Warning signs include changes in school performance, missed classes, incomplete assignments, lying about gambling activities, borrowing money without explanation, and increased irritability or mood swings [[1]].

  • How can parents talk to their children about the risks of gambling?

    • Parents should have open and honest conversations with their children about the potential dangers of gambling, emphasizing the addictive nature of gambling and the financial and social consequences that can result. its also important to model responsible behavior and avoid promoting gambling as a harmless form of entertainment.

  • What resources are available for families affected by youth gambling addiction?

    • Numerous resources are available, including counseling services, support groups, and online resources.Organizations like the National Council on Problem Gambling and local gambling helplines can provide valuable information and support.

What steps can communities take to prevent youth gambling? how can technology be used to combat online gambling addiction?

Share your thoughts and experiences in the comments below!

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Entertainment

Literature & Running: D. Nizar Kibilat on Finding Flow

by Julia Evans – Entertainment Editor
written by Julia Evans – Entertainment Editor

Unlocking Literary Imagination: How running Fuels Creativity, Insights from Murakami and Beyond

Table of Contents

Recent studies highlight the expanding scope of literature, encompassing diverse themes like food, disease, and rhetoric. But what truly sparks the literary imagination [[2, 3]]? A new analysis examines how physical activity, specifically running, can unlock creative potential, drawing inspiration from the experiences of renowned novelist Haruki Murakami.

The Murakami Method: Running as Muse

japanese novelist Haruki Murakami famously stated that a quarter-century of running provided him with “many good memories.” This seemingly simple statement unveils a deeper connection between physical exertion and creative inspiration. Murakami’s memoirs,detailed in “What I Talk About When I talk About Running,” explore how running facilitates reflection and sharpens sensory awareness.

Did You Know? Murakami often credits his daily runs with helping him structure his thoughts and develop plotlines for his novels.

While running, Murakami observes the world with heightened senses, noting details others might miss. he describes preserving “all the potholes in the way,” suggesting that even mundane observations can become raw material for narrative creation. This challenges the notion that literary inspiration requires quiet isolation, proposing rather that it can thrive amidst noise, anxiety, and even ambiguity.

Beyond Isolation: The Social Dimension of Running and Writing

Running, unlike solitary meditation, exposes writers to diverse faces and fleeting encounters, providing fresh perspectives and unexpected insights. These encounters become “raw narrative material” to be shaped and refined through writing. The act of running, therefore, becomes a catalyst for both personal reflection and social engagement, enriching the writer’s imaginative landscape.

Pro Tip: Experiment with different environments during your creative process. A change of scenery can often spark new ideas and perspectives.

The expanding Landscape of literary Exploration

The exploration of literature has broadened to encompass diverse subjects, including food, disease, and the power of rhetoric. This expansion reflects a growing interest in understanding the human condition through various lenses. Literary imagination, in this context, serves as a tool for navigating complex realities and devising innovative ways of understanding the world.

The Role of Imagination in Literary Creation

imagination is the cognitive ability to form new ideas, images, or concepts that are not directly perceived through the senses [[3]]. It allows writers to transcend reality and explore possibilities beyond the immediate world. This capacity is central to romantic literature, where it is often linked with emotion, nature, and individualism [[3]].

the ability to devise new spaces and embody literature is crucial for writers seeking to explore complex themes and create compelling narratives. by embracing the power of imagination, writers can unlock new dimensions of creativity and connect with readers on a deeper level.

Comparing Creative Processes

Creative Process Environment Key Elements
Running (Murakami) Outdoors, dynamic Sensory awareness, social encounters, reflection
Meditation Quiet, isolated Inner focus, self-guidance
Traditional Writing Varied, often indoors Focused concentration, structured thought

Which creative process resonates most with you? How do you fuel your own imagination?

Evergreen Insights: The Enduring Power of Literary Imagination

The concept of literary imagination has been a cornerstone of creative expression for centuries. From ancient myths to modern novels, the ability to imagine and create new worlds has captivated audiences and inspired countless works of art. The exploration of imagination in literature continues to evolve, reflecting changing social and cultural landscapes.

The study of literature provides valuable insights into the human condition, exploring themes of love, loss, identity, and morality. By engaging with literary works, readers can expand their understanding of themselves and the world around them. The role of imagination in this process is paramount, allowing for empathy, critical thinking, and a deeper appreciation of the complexities of human experience.

FAQ: Understanding Literary Imagination


What other activities do you find stimulate your imagination? Share your thoughts in the comments below!

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