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Abu Dhabi’s ADNOC Distribution reports $463m benefit

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UAE’s biggest fuel and convenience retailer saw incomes flood by 22.6 percent year-on-year over the initial nine months of the year to $4bn

ADNOC Distribution has revealed benefits of AED1.7 billion ($463m) for the initial nine months of the year, up 6.3 percent on a similar period in 2020, floated by the recuperation of fuel volumes in September, close by the facilitating of movement limitations, return to office and eye to eye learning in schools.

The UAE’s biggest fuel and accommodation retailer saw incomes flood by 22.6 percent year-on-year over the nine-month time frame to AED14.698bn ($4bn).

Bader Saeed Al Lamki, CEO, ADNOC Distribution, said: “The green shoots of recuperation are here and sped up development is obvious to see.”

In September, all out fuel volumes expanded by 10.6 percent contrasted with August, with by and large development expected to proceed all through the last quarter of the year, helped by Expo 2020 Dubai, the impending Christmas season and various games being facilitated by the UAE.

In the course of the most recent nine months ADNOC Distribution has opened 14 new stations in the UAE, while its ADNOC Oasis restoration program has seen 35 stores redesigned the nation over.

The organization has likewise opened ten new stations in Saudi Arabia, with 40-45 new stations got ready for the realm this year.

Al Lamki said: “We will keep on following through on our development plans, locally and universally, which positions us as a significantly more grounded fuel and accommodation retail pioneer in the UAE and concretes our place as a worldwide fuel retailer.”

ADNOC Distribution, which is recorded on the Abu Dhabi Securities Exchange (ADX), as of now works 459 retail fuel stations and 342 general stores.

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UAE fuel prices announced for February

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The UAE fuel price committee on Friday announced petrol and diesel prices for the month of February 2025.

Super 98 petrol will cost Dh2.74, compared to Dh2.61 a litre in January, while Special 95 will cost Dh2.63 a litre, compared to Dh2.50 a litre the previous month.

E-Plus category petrol will be available for Dh2.55 a litre, compared to Dh2.43 a litre in January, while diesel will now cost Dh2.82 a litre, compared to Dh2.68 a litre the previous month.

Fuel prices in the UAE are closely tied to movements in the global oil market, which has experienced significant fluctuations since last year. Geopolitical uncertainties, shifting supply dynamics and concern about slowing economic growth have all contributed to the volatility in oil prices.

The UAE deregulated fuel prices in 2015, aligning them with market fluctuations.

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UAE-made MBZ SAT set to launch into space from California tonight

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The UAE’s most advanced Earth-imaging satellite, MBZ-SAT, will launch on Tuesday, January 14, at 10:49 PM UAE time from Vandenberg Air Force Base in California, the Mohammed Bin Rashid Space Centre (MBRSC) has announced.

This marks the second satellite entirely developed by Emirati engineers. MBZ-SAT, weighing 700 kg, will launch alongside the student-built CubeSat, HCT-SAT 1, as part of SpaceX’s rideshare program. Originally planned for October 2024, the launch was delayed due to technical issues with SpaceX’s Falcon 9 rocket. A livestream of the event will be available from 9:30 PM UAE time at live.mbrsc.ae.

The SpaceX rideshare program, introduced in 2019, has enabled the deployment of over 200 satellites, offering a cost-effective alternative to traditional launches.

MBZ-SAT, named after President Sheikh Mohamed, will revolutionize Earth observation with enhanced imaging capabilities, producing ten times more images than current satellites. Meanwhile, HCT-SAT 1 underscores the UAE’s commitment to fostering future space experts.

Salem Humaid Al Marri, Director-General of MBRSC, stated, “We have a team of seven members on-site in the US and another at Mission Control in Dubai, working around the clock to ensure a successful launch.”

The UAE currently operates 10 satellites, with eight more under development. MBZ-SAT underwent rigorous testing in the UAE before being transported to South Korea for environmental assessments. Afterward, it was shipped to SpaceX in the US for final testing.

Marri described the simultaneous launch of these two distinct satellites as a moment of national pride. He emphasized the significance of combining advanced space technology with initiatives like the HCT-SAT program, which involved 50 students from across the UAE. This dual effort, he said, highlights the country’s dedication to building a robust space industry while nurturing local talent.

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Ring in the New Year on Dubai’s waters: Abra, Taxi & Ferry with Atlantis views

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As Dubai residents and tourists gear up to celebrate New Year, they can ring in 2025 with celebrations in the waters of the emirate.

The Roads and Transport Authority in Dubai has announced special offers and exclusive services during the New Year’s Eve, December 31, 2024, on marine transport means including the Dubai Ferry, the Abra, and the Water Taxi.

Passengers can enjoy views of the Burj Khalifa, Bluewaters, Atlantis, Burj Al Arab and Jumeirah Beach Towers. Residents can cruise into 2025 aboard the Dubai Ferry, Water Taxi, and Abra, with the backdrop of the Dubai coastline, adorned with hotels, heritage areas and landmarks such as The World Islands.

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