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The UAE has overtaken Qatar to become the regions second largest energy investor with its potential capital in the sector totaling around US$74 billion during 2011-2015, official figures have shown.

Statoil, Norways biggest oil producer, plans to challenge Abu Dhabi National Oil Cos existing partners such as ExxonMobil Corp and Royal Dutch Shell for a role in the UAEs resources.


UAE-based MIS Group (Maritime Industrial Services - OSE: MIS), announced the appointment of Chris Parker MBE, as Executive Vice President for MIS Iraq.

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