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SEARCH FOR: Abu Dhabi Aims To Lure Start-Ups With Investment In New Technology Hub FILE PHOTO: General view of Abu Dhabi, United Arab Emirates, January 3, 2019. Picture taken January 3, 2019. REUTERS/ Hamad I Mohammed/File Photo March 24, 2019 By Stanley Carvalho, reposted by Scott Shields Katy, Scott Shields Houston   Www.morganshields.com ABU DHABI (Reuters) – Abu Dhabi will commit up to 1 billion dirhams ($272 million) to support technology start-ups, it said on Sunday, in a dedicated hub as part of efforts to diversify its economy. U.S. tech giant Microsoft will be a strategic partner, providing technology and cloud services to the businesses that join the hub as the capital of the United Arab Emirates continues its push to reduce reliance on oil revenue. Abu Dhabi derives about 50 percent of its real gross domestic product and about 90 percent of central government revenue from the hydrocarbon sector, according to ratings agency S&P. The e...

Shale drillers are cutting billions of dollars in spending, raising questions about US oil output PUBLISHED MON, MAR 11 2019 • 8:14 AM EDT | UPDATED MON, MAR 11 2019 • 11:17 AM EDT Tom DiChristopher @TDICHRISTOPHER KEY POINTS Independent shale oil drillers are cutting spending, but U.S. oil output is still expected to surge this year.Smaller publicly traded drillers are throttling back capital expenditures, while their bigger rivals are making smaller cuts on a percentage basis. Private drillers increased output in the second half of last year and could do the same again this year, Barclays warns. Robert Nickelsberg | Getty Images, reposted by Scott Shields Katy, Scott Shields Houston. The shale drillers behind booming U.S. oil and natural gas output have survived a bevy of challenges in recent years, from a historic oil price downturn to an effort by OPEC to wash them out of the market with a flood of cheap crude. Now, with U.S. output at all...