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Mohammed announces new oil discovery in Dubai
04 February 2010
UAE Vice President, Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum announced the discovery of a new maritime oil field off the coast of Dubai, east of "Rashid" field.
Sheikh Mohammed emphasized that the discovery will strengthen the economic capacities of the country and increase the UAE’s oil production.
Besides, the new discovery will have other positive impacts on all sectors of the local economy and will provide a new source of income, enhancing the comprehensive development of Dubai.
The announcement came during Sheikh Mohammed’s meeting with a number of sheikhs, ministers and dignitaries before the Cabinet meeting today. Sheikh Mohammed also congratulated the UAE citizens on this important discovery.