UAE says it has world’s sixth-largest crude oil reserves

The UAE’s Supreme Petroleum Council met on Monday and announced the news. (FILE/AFP)
Updated 05 November 2019
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UAE says it has world’s sixth-largest crude oil reserves

DUBAI, UAE: The United Arab Emirates now says it is home to the world’s sixth-largest crude oil reserves, surpassing fellow Gulf Arab nation Kuwait.
The UAE’s Supreme Petroleum Council met on Monday and announced the news, saying the federation of seven sheikhdoms on the Arabian Peninsula had discovered new reserves of 7 billion “stock tank” barrels of oil.
The council said that pushed the UAE’s overall reserves to 105 billion barrels. It also said it held the world’s sixth-largest reserves of natural gas as well.
Oil reserves refer to crude that’s economically feasible to extract. Figures can vary wildly by country due to differing standards, though it remains a yardstick of comparison among oil-producing nations.

 


DP World announces new leadership appointments

Updated 13 February 2026
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DP World announces new leadership appointments

DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.

Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.

Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.

Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.

DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.