Supreme Council for Financial and Economic Affairs
News and updates on the Supreme Council for Financial and Economic Affairs, the entity that sets Abu Dhabi public policy on financial, investment, economic, petroleum and natural resources affairs.
ADNOC Awards Cosmo Offshore Exploration Block in Abu Dhabi’s Second Competitive Block Bid Round
Cosmo awarded exploration concession for Offshore Block 4 and will invest up to $145 million (AED532 million) during the exploration phase Agreement further strengthens ADNOC’s long-standing partnership with Cosmo as well as the UAE-Japan strategic bilateral relationship
In his capacity as Ruler of Abu Dhabi Khalifa bin Zayed issues a law to establish the Supreme Council for Financial and Economic Affairs
Council to set public policy for financial, investment, economic, petroleum and natural resources affairs in the emirate, enhancing their importance, preserving gains and supporting Abu Dhabi’s future growth Council to set a roadmap capable of overcoming various financial and economic challenges, addressing any potential impact on Abu Dhabi’s development plans and financial sustainability, and cementing a culture of efficient spending and management of revenue resources