Dubai Current Affairs - 2020

New Natural Gas Reserves discovered in UAE

On February 2, 2020, the United Arab Emirates discovered shallow natural gas reserves of about 80 trillion cubic feet. The reserve was discovered between the Emirates of Abu Dhabi and Dubai.

Highlights

In November 2019, UAE announced the discovery of 7 billion barrels of oil. This raised the crude reserves of the country to 105 billion barrels making it the sixth largest in the world. IT had also announced the discovery of 58 trillion cubic feet of gas. This puts the total reserves of natural gas of UAE to 273 trillion cubic feet conventional gas and 160 trillion cubic feet unconventional gas.

UAE

The UAE is formed by seven Emirates namely Dubai, Abu Dhadi, Ajman, Sharjah, Ras Al-Khaimah, Fujairah and Umm Al-Quwain. Around 30% of the GDP of the country is directly based on oil and gas.

India-UAE

The India-UAE bilateral trade currently stands at 59.9 billion USD. India is the third largest investor in UAE. There are more than 2 million Indian population living and working in UAE. The total remittances from UAE to India in the year 2009 was 10 to 12 billion USD. This is one-third of the total remittances received by India and also highest among all the GCC countries.

Dubai to host 2019 First Global DXB Challenge

Dubai will be hosting the 2019 First Global DXB Challenge, a large gathering for creative young minds in the fields of robotics and artificial intelligence. It will be held for the first time in the region from 24 to 27 October 2019 at the Festival Arena in Dubai, UAE.

About 2019 First Global DXB Challenge

Objective: First Global Challenge seeks-

  • To encourage and empower youth with a passion for science, technology, mathematics, engineering, and develop their skills and equip them with tools necessary to contribute to shaping future.
  • To address the world’s most critical environmental issues like sustainability and pollution, wastage of energy and water through a global robotics competition.

Organised by: The Dubai Future Foundation

Theme of the event: ‘Ocean Opportunities’.

The event will bring together over 1,500 youth from over 191 countries to collaborate, create and compete for a better future, thus making it one of the largest events of its kind in the Middle East region.

The Challenge focuses on developing robots to clean up millions of tons of pollutants in oceans. Each team will receive a robotic kit and is tasked with assembling a robot that will be able to address various issues related to ocean and marine life.