#adnoc consultants

[amaaudit]

Why ADNOC Registration is Crucial for Businesses in the UAE?

The Abu Dhabi National Oil Company (ADNOC) is a major player in the global oil and gas industry. Every year, ADNOC awards multi-million dollar contracts to various companies for projects, supplies, and services. However, for businesses in the UAE, especially those targeting the oil and gas sector, obtaining ADNOC registration is crucial for several reasons:

1. Access to Lucrative Opportunities:

Exclusive Tenders: ADNOC registration grants access to exclusive tenders and procurement opportunities within the company and its subsidiaries. This opens doors to potentially lucrative contracts that can significantly boost your business growth.

Competitive Advantage: Having the ADNOC registration signifies your qualification and expertise to potential clients. This can give you a competitive edge over unregistered companies when bidding for projects within the broader UAE oil and gas industry.

2. Meeting High Standards:

Quality Assurance: The ADNOC registration process is rigorous, requiring companies to demonstrate adherence to strict quality standards, safety protocols, and financial stability. Obtaining registration signifies your commitment to high-quality work, a vital aspect in the oil and gas sector.

Compliance with Regulations: ADNOC registration ensures you comply with specific regulations and best practices set by the company. This demonstrates your commitment to responsible business practices and adherence to industry standards.

3. Building Trust and Recognition:

Credibility and Reputation: ADNOC registration acts as a stamp of approval, signifying your company's credibility and expertise within the oil and gas sector. This can enhance your reputation and attract potential clients beyond ADNOC itself.

Networking Opportunities: The registration process connects you with other registered companies and potential partners, fostering valuable networking opportunities within the industry.

Additional Considerations:

Foreign Companies: For foreign companies, registration might require partnering with a local UAE company or establishing a local branch with an Emirati sponsor.

Eligibility Criteria: ADNOC has specific eligibility criteria for registration, including legal and financial compliance, relevant industry experience, and adherence to their sustainability and ethical standards.

In Conclusion:

ADNOC registration is not just a formality; it's a gateway to significant opportunities within the UAE's oil and gas sector. By demonstrating your commitment to quality, compliance, and high standards, you unlock access to lucrative contracts, build trust with potential clients, and elevate your business reputation within the industry.

[dh5ryxhgbctgr]

United Arab Emirates Oil and Gas Asset Integrity Management Service Market Trends and Growth Study 2024 - 2032

The oil and gas industry is a cornerstone of the United Arab Emirates (UAE) economy, contributing significantly to its GDP and export revenues. As the sector evolves, the need for effective asset integrity management (AIM) services becomes increasingly critical to ensure safety, efficiency, and compliance with regulatory standards. This article explores the current landscape, key drivers, challenges, and future prospects of the oil and gas asset integrity management service market in the UAE.

Overview of Asset Integrity Management

What is Asset Integrity Management?

Asset Integrity Management refers to a systematic approach that ensures the safety, reliability, and performance of physical assets throughout their lifecycle. This includes processes such as risk management, inspection, maintenance, and regulatory compliance, aimed at maximizing asset lifespan while minimizing downtime and operational costs.

Key Components of Asset Integrity Management Services

Risk Assessment: Identifying and evaluating potential risks associated with asset failure and implementing mitigation strategies.

Inspection and Monitoring: Regular assessments of physical assets to detect wear, corrosion, and other integrity issues.

Maintenance Planning: Developing strategies for preventive and corrective maintenance to ensure operational reliability.

Regulatory Compliance: Ensuring adherence to local and international safety and environmental regulations.

Current State of the UAE Oil and Gas Asset Integrity Management Service Market

Market Overview

The UAE's oil and gas asset integrity management service market is experiencing robust growth, driven by increasing production activities and stringent regulatory frameworks. The region's focus on maintaining operational excellence while adhering to safety standards is propelling demand for AIM services.

Key Players

Several key players dominate the asset integrity management landscape in the UAE, including:

National Oil Companies (NOCs): Companies like Abu Dhabi National Oil Company (ADNOC) lead the charge in implementing asset integrity strategies.

International Oil Companies (IOCs): Major global players like BP and Total are actively involved in the UAE's oil and gas sector, contributing to AIM initiatives.

Service Providers: A host of specialized service providers offer tailored AIM solutions, including inspection, monitoring, and consulting services.

Drivers of Market Growth

Increasing Focus on Safety and Compliance

Safety remains a top priority in the oil and gas industry. Stricter regulations imposed by local and international bodies necessitate robust asset integrity management practices, driving demand for specialized services.

Technological Advancements

The integration of advanced technologies, such as digital twins, IoT sensors, and predictive analytics, enhances the effectiveness of asset integrity management. These innovations enable real-time monitoring and data-driven decision-making, significantly improving asset reliability.

Aging Infrastructure

Many existing oil and gas facilities in the UAE are aging, requiring comprehensive integrity assessments and maintenance strategies to prolong their operational life. This need for modernization and safety assurance propels the demand for AIM services.

Challenges Facing the UAE Asset Integrity Management Market

Skilled Workforce Shortage

The asset integrity management field requires specialized knowledge and skills. A shortage of qualified professionals can hinder the effective implementation of AIM strategies, posing challenges to market growth.

High Operational Costs

Implementing comprehensive asset integrity management services can be costly, particularly for smaller operators. Balancing the need for robust integrity management with budget constraints is a significant challenge.

Regulatory Compliance Complexity

Navigating the complex regulatory landscape can be daunting for companies operating in the UAE. Ensuring compliance with various local and international standards requires significant resources and expertise.

Future Prospects

Growth of Digital Asset Integrity Solutions

The adoption of digital technologies in asset integrity management is set to grow. Digital twins, predictive maintenance, and automated inspection systems will transform how companies approach integrity management, improving efficiency and reducing costs.

Expansion into Renewable Energy

As the UAE diversifies its energy portfolio, there will be opportunities for asset integrity management services in renewable energy sectors such as solar and wind. This diversification will require tailored AIM solutions to ensure the safety and efficiency of new technologies.

International Collaboration

Collaborations between local companies and international service providers will enhance knowledge transfer and technological advancements in the asset integrity management space. Such partnerships can facilitate best practices and drive innovation.

Conclusion

The oil and gas asset integrity management service market in the United Arab Emirates is poised for substantial growth as the industry prioritizes safety, efficiency, and regulatory compliance. With advancements in technology and a focus on maintaining aging infrastructure, the demand for AIM services will continue to rise. Addressing challenges such as workforce shortages and operational costs will be crucial for stakeholders looking to capitalize on the opportunities in this dynamic market. As the UAE navigates its energy transition, asset integrity management will play a pivotal role in ensuring the long-term sustainability of its oil and gas sector.

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[icvcertificateconsultants]

Icv certificate online

Obtaining an ICV certificate online is a streamlined process for businesses in the UAE aiming to enhance their competitiveness in government tenders and contracts. The In-Country Value certificate (ICVcertificate) is essential for companies that wish to demonstrate their contribution to the UAE economy. By applying for the ICV certificate online, businesses can efficiently complete the necessary documentation and engage with ICV consultants to ensure they meet all requirements. This process not only simplifies ICV certificate registration but also enables companies to secure contracts with key entities like ADNOC and other government bodies, boosting their market position.

[scribblesoul-20]

Job title: PMC Procurement Lead Engineer Company: John Wood Group Job description: Job Description:Wood is currently recruiting for a PMC Lead Procurement Engineer with extensive experience in the oil and Gas industry for ADNOC Offshore client to be based in Abu Dhabi, United Arab Emirates.Responsibilities: Select and prepare the adequate tendering and contracting strategy that ensures the best value for ADNOC expenditure following the best practice and innovative ideas Prepares contractual and commercial aspects of any procurement, support works and service tenders required by projects, in consultation with Project Managers Prepares and compiles Tender / agreement (purchase Order / contract) documentation, with Project Team, legal and finance groups to ensure viability, legality, interpretation and ease of administration Provides expertise for Tenderer's prequalification and processes bid list, including any pre-qualification exercises and evaluations required and obtains relevant management / tender board approvals Participates in the technical and un-priced commercial evaluation of tenders and then leads the subsequent priced commercial evaluation of technically acceptable offers that includes professional adjustment factors depending on the nature of the job and tender Prepares a comprehensive techno-commercial evaluation report and recommendations Processes award recommendations ensure necessary approvals and finalize with successful bidder and the contract documentation Validates the development and implementation of all contractor procedures for conformity with the Contract Checks conformity of all documentation called for, including guarantees, performance bonds, insurance and the like with agreed formats and processes as required Assists in evaluating contractor's request for approval of vendors and sub-contractors Monitors performance of contractor's procurement activities in terms of timely delivery and quality Administers contractors' request for approval of vendors and sub-contractors Monitors performance of contractors' procurement activities in terms of timely delivery and quality Administers contractors' reimbursement and valuation submissions, and coordinates with the Finance Division as required Reviews, advises and negotiates as part of constituted team, revised terms, variation order requests, change orders, claims in liaison with responsible management Assists project controls group in obtaining and assessing cost and progress data performance Provides relevant data and assist to the Contract Administration System and provides facilities for performance analysis of the historical tender / contract matters Coordinates the final 'close-out' of completed purchase order / contract by ensuring proper resolution of all outstanding issues Provides input and reviews the commercial aspect of 'Performance Reports on Contractors' Qualifications: Bachelor's degree in engineering or equivalent Minimum of 15+ years of experience within the oil and gas industry, majority in the offshore projects. About Us:Wood is a global leader in consulting and engineering, helping to unlock solutions to critical challenges in energy and materials markets. We provide consulting, projects and operations solutions in 60 countries, employing around 35,000 people.Diversity StatementWe are an equal opportunity employer that recognises the value of a diverse workforce. All suitably qualified applicants will receive consideration for employment on the basis of objective criteria and without regard to the following (which is a non-exhaustive list): race, colour, age, religion, gender, national origin, disability, sexual orientation, gender identity, protected veteran status, or other characteristics in accordance with the relevant governing laws. Expected salary: Location: Abu Dhabi Job date: Thu, 29 Aug 2024 06:59:32 GMT Apply for the job now!

[princeadnoc72]

Happy Glos

I am prince adnoc working for happygloss as PR consultant. With more than 6 year’s experience in PR and Digital Industry, helping teams to achieve goals by streamlining the process. READ MORE: HappyGloss

[market-spy]

Navigating the Global Specialty Ingredients Market Rollercoaster

The Specialty Ingredients Shindig:

So, what’s the hullabaloo all about? Apparently, the global Specialty Ingredients Market is not just a market; it’s a razzle-dazzle celebration of everything from natural flavors to synthetic wonders. With a reported market size of USD 92.08 billion in 2021, this extravaganza is projected to grow to a whopping USD 145.31 billion by 2030, riding a growth rate of 5.2%. Hold on to your hats; it’s going to be a wild ride.

Market Snapshot — Buckle Up:

Picture this — the market rollercoaster zooming through the years 2023 to 2030. In this thrilling ride, the Food and Beverage segment is the daredevil, taking the lead in terms of market size. Meanwhile, Pharmaceuticals, the dark horse, is stealing the show with the fastest growth. It’s like watching a suspenseful movie — you never know what’s going to happen next.

Geography Matters:

As we travel around the globe, we find North America playing the cool and collected host, with a strong focus on innovation. The Asia-Pacific region, on the other hand, is the rising star, fueled by rapid urbanization and changing lifestyles in countries like China and India. Europe is also in the game, emphasizing clean technology like a tech-savvy superhero.

The ‘Cool Kids’ — Types and Applications:

Let’s talk about the cool kids in this party — the types and applications. From flavors and fragrances to enzymes, emulsifiers, sweeteners, and whatnot — it’s a diverse crowd. Food and Beverage, like the popular kid at school, dominates the scene, leaving Pharmaceuticals and Cosmetics and Personal Care to fight for the spotlight. It’s like a teenage drama, but with specialty ingredients.

For More Information: https://www.skyquestt.com/report/voice-biometrics-market

Driving Forces and Speed Bumps:

Now, what’s pushing this industry forward? Consumers, the ultimate trendsetters, are demanding high-quality, innovative products across various sectors. Everyone wants that ‘special something’ in their food, cosmetics, and pharmaceuticals. But, oh, the speed bumps! Stringent regulatory landscapes and the high cost of R&D act as the villains, trying to slow down our specialty ingredient heroes.

Competitive Jamboree:

In this grand fiesta, the specialty ingredients market is like a competitive dance-off. Established players like BASF SE, AAK AB, and Kerry Group plc are the cool kids showing off their moves. Innovation is the name of the game, and everyone is investing in research and development to introduce the next show-stopping specialty ingredient.

Recent Gossip and Trends:

Like any good party, there’s always gossip and trends to catch up on. Wind Point Advisors acquires Hasa, IFF plans to sell its Flavor Specialty Ingredients business, and OMV and ADNOC might be merging their chemicals businesses. It’s like the latest Hollywood drama — you can’t help but be intrigued.

Conclusion — The Grand Finale:

As the curtains close on our whirlwind tour of the Global Specialty Ingredients Market, one thing is clear — it’s a dynamic, ever-changing spectacle. From increasing consumer emphasis on health and wellness to the rising popularity of plant-based ingredients, the market is a living, breathing organism.

So, here’s to the rollercoaster ride that is the Global Specialty Ingredients Market — may it continue to surprise, dazzle, and leave us eagerly awaiting the next thrilling twist in the saga of flavors, fragrances, and everything in between. Cheers to the specialty ingredients shindig!

About Us-

SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals.

Contact Us-

SkyQuest Technology Consulting Pvt. Ltd.

1 Apache Way,

Westford,

Massachusetts 01886

USA (+1) 617–230–0741

Email- info@skyquestt.com

Website: https://www.skyquestt.com

[icvcertificate]

Unlock Dubai’s Business Opportunities with ICV Certification: Your Comprehensive Guide

ICV offers suppliers and vendors a previously unheard-of competitive advantage in the bidding market. By adopting the ICV certification, the Ministry of Industry and Advanced Technology (MoAIT) principally hopes to accomplish the objectives listed below. Localization and growth An increase in international investments employment possibilities are created Increase GDP becoming a centre for research and development Increase the pirate industry’s contribution to the GDP. Who needs a certificate from ICV? Participating organisations including ADNOC, Etisalat, Aldar, and Emirates Steel take ICV-certified businesses into consideration when putting up various tenders in the market for domestic and foreign service providers and manufacturers. Suppliers and vendors have an upper hand in the tender process by obtaining the ICV score and certificate. Tier two and tier three suppliers are able to compete with tier one suppliers because the ICV score computation is based on a percentage. Small and medium-sized businesses from the mainland and free zones are equally permitted to participate in the bidding procedure as larger businesses. How can I become ICV Certified? The ICV Certificate is valid for 14 months following the most recent audited financial statements. Companies must submit their most recent set of audited financial statements in order to renew their ICV certification. The prerequisites for obtaining an ICV certification for your business are listed below. no more than two years’ worth of audited financial statements. If the business is already established, it can submit an application for ICV certification using its ten-month management accounting financial statements. The financial statements must be filed in IFRS format and must have been audited by an auditor licenced by the Ministry of Economy. It is advised to present the financials using accounting codes like UAE Nationals Payroll Costs, UAE Investments Cost, or Local Hires Cost that particularly display the ICV indicators. Fill out the ICV template for certification or the ICV template. The most recent audited financial statements of the applicant company must be used to support every data submitted to the ICV template. The issuance of the certificate, a fine, or disbarment may be delayed in the event of any misrepresentation or inaccuracy. Contact Farahat and Co for a free consultation if you have any questions about how to obtain an ICV certification. Pick a certification organisation. The participating entities have chosen the auditing companies in the UAE known as the empanelled certifying bodies to assess the ICV certification applications and confirm the ICV Score. The certifying body issues the ICV certification if the application successfully completes all rounds of verification. When the application has been approved by the certifying organisation, the In-Country Value Certification can be obtained in 3 to 15 working days. ICV 2.0 was distributed by ADNOC, but ICV 3.0 is the certification that was granted by the participating entities. Things to keep in mind when requesting an ICV certification: Companies with industrial licences will be taken into account as products manufacturers, and the cost of the goods manufactured will be the scoring criterion. Third Party Costs will be one of the factors used to determine the ICV score, and a non-manufacturing company will serve as the service provider. For all types of businesses, the other investment requirements, Emiratization, contributions from expatriates, and Bonuses. Two ICV certificates will be required by businesses having both categories of relevant activity, one for each manufacturer and one for the services. As required by the participating entities, businesses must include the ICV certificate with their bid. Cost of obtaining ICV Certification The ICV certification is issued by the certifying bodies, and a business may request quotes from the recognised certifying bodies. You must hire UAE Approved Auditors to conduct the audit and certify the financials if you have unaudited financials. It is crucial to remember that the ICV certifications are provided depending on the firm type and its pertinent activity under the licence. You would require two different ICV certifications for each licence, for instance, if you held an industrial licence in one emirate and were manufacturing there while offering services in another. Similar requirements apply to group entities, including the proper disclosure of each entity’s financial information, including revenues, ICV parameters costs, assets, liabilities, and costs associated with each entity under the combined or group financial statement. ICV Certificate Consultants Companies without an ICV accreditation will receive a score of 0 during a tender bidding process. On the other hand, businesses with an ICV certification might increase their weight in the bid evaluation by about 40%. A higher ICV score may be available to your business. A higher ICV evaluation score is more likely for financial statements that have been accurately audited and established the appropriate accounting codes for the ICV criteria. ICV certificate UAE helps businesses discover the important ICV components. The post Unlock Dubai’s Business Opportunities with ICV Certification: Your Comprehensive Guide appeared first on ICV Certificate .

[jhavelikes]

The United Arab Emirates’ state oil company has been able to read emails to and from the Cop28 climate summit office and was consulted on how to respond to a media inquiry, the Guardian can reveal. The UAE is hosting the UN climate summit in November and the president of Cop28 is Sultan Al Jaber, who is also chief executive of the Abu Dhabi National Oil Company (Adnoc). The revelations have been called “explosive” and a “scandal” by lawmakers. The Cop28 office had claimed its email system was “standalone” and “separate” from that of Adnoc. But expert technical analysis showed the office shared email servers with Adnoc. After the Guardian’s inquiries, the Cop28 office switched to a different server on Monday. Al Jaber’s dual role has attracted strong criticism, including from the former UN climate chief Christiana Figueres, who called his approach “dangerous”.

‘Absolute scandal’: UAE state oil firm able to read Cop28 climate summit emails | Cop28 | The Guardian

[arunima123]

Powering the Nation: Examining the Leading Power Distribution Companies in UAE

Introduction

The United Arab Emirates (UAE) is renowned for its robust and diverse economy, built on a foundation of abundant oil and gas reserves. These resources have not only fueled the nation's economy but have also powered the growth and development of various industries. However, to keep this momentum going, it is essential to have an efficient and reliable power distribution network. In this article, we will explore the key players in the power distribution sector in the UAE and delve into their role in ensuring the continuous supply of electricity to fuel the nation's growth.

The Role of Oil & Gas Companies in the UAE

Before we dive into the world of power distribution, it's important to recognize the profound influence of oil and gas companies in the UAE. The nation's energy landscape has been historically dominated by these industries. These giants have not only contributed to the country's wealth but have also been vital in establishing the infrastructure needed for efficient power generation and distribution.

1. Oil & Gas Companies in UAE

The UAE is home to some of the largest and most influential oil and gas companies in the world. These companies have played a pivotal role in the country's energy sector. They extract, refine, and supply the oil and gas resources that fuel power plants across the UAE. Notable names in this sector include ADNOC, one of the world's leading  oil & gas companies in UAE, and many international oil majors with a strong presence in the region.

2. Oil & Gas Consultants in UAE

To maximize the potential of their energy resources, Oil & Gas Consultants In UAE often engage the services of oil and gas consultants. These consultants provide expert advice on exploration, production, and refining processes, ensuring that the industry operates efficiently and sustainably. Their recommendations have a significant impact on the reliability and sustainability of the energy sector, which, in turn, affects power distribution.

Defence Security Service and Power Distribution

Ensuring the security of critical infrastructure, including power distribution, is a top priority for the UAE. The Defence Security Service plays a vital role in safeguarding the nation's energy networks. They work hand in hand with power distribution companies to identify and mitigate security risks that could disrupt the supply of electricity.

3. Defence Security Service

Defence Security Service is responsible for maintaining the security and resilience of critical infrastructure, including power distribution networks. In a region with geopolitical complexities and potential security threats, this agency plays a pivotal role in safeguarding the continuous supply of electricity. Their focus on threat assessment, risk management, and the implementation of security measures is vital for power distribution companies to operate safely.

4. Collaboration with Power Distribution Companies

The collaboration between the Defence Security Service and power distribution companies is essential for maintaining the stability and continuity of the electricity supply in the UAE. Power distribution companies rely on the expertise and intelligence provided by the agency to protect their infrastructure from both physical and cyber threats. This collaboration ensures that the lights stay on and businesses keep running.

Power Distribution Companies in UAE

Now that we have a broad understanding of the energy landscape in the UAE, let's take a closer look at the  power distribution companies in UAE  that play a crucial role in ensuring that electricity reaches every corner of the nation.

5. National Grid Corporation

The National Grid Corporation is responsible for overseeing the operation and maintenance of the high-voltage power transmission network in the UAE. Their role is pivotal, as they connect power generation facilities to distribution companies, ensuring a seamless flow of electricity across the country. They are the backbone of the power distribution network.

6. Abu Dhabi Distribution Company

The Abu Dhabi Distribution Company (ADDC) is the entity responsible for distributing electricity to the emirate of Abu Dhabi. They serve as the primary distributor, ensuring that homes and businesses in the region have access to a stable supply of electricity. ADDC has implemented smart grids and advanced technologies to enhance the reliability of their services.

7. Dubai Electricity and Water Authority

The Dubai Electricity and Water Authority (DEWA) is the government agency responsible for distributing electricity and water in the emirate of Dubai. DEWA has been at the forefront of innovation in the power distribution sector. They have adopted renewable energy sources and advanced technologies to ensure a sustainable and efficient power supply for the rapidly growing city of Dubai.

8. Sharjah Electricity and Water Authority

The Sharjah Electricity and Water Authority (SEWA) is another key player in the UAE's power distribution sector. They serve the emirate of Sharjah and have consistently invested in infrastructure and technology to improve the reliability of their services. SEWA has also been involved in promoting energy conservation and sustainability.

9. Northern Emirates Distribution Company

The Northern Emirates Distribution Company (NEDCO) is responsible for power distribution in the northern emirates, including Ras Al Khaimah, Umm Al Quwain, Fujairah, and Ajman. They have been crucial in expanding the reach of electricity services to these regions and contributing to their economic development.

10. Fujairah Electricity and Water Authority

Fujairah Electricity and Water Authority (FEWA) is responsible for power distribution in the emirate of Fujairah. They have been instrumental in ensuring that the eastern part of the UAE has access to reliable electricity services, supporting the growth and development of this region.

Conclusion

The UAE's power distribution sector is a critical component of the nation's infrastructure, ensuring that the lights stay on, industries keep running, and the quality of life for its residents remains high. While oil and gas companies continue to be the backbone of the energy sector, power distribution companies play an equally vital role in distributing electricity efficiently and securely. The collaboration between these entities, along with the support of the Defence Security Service, ensures the UAE's continuous growth and development, driven by a reliable power supply. As the nation looks toward a more sustainable and diversified energy future, power distribution companies will continue to adapt and innovate to meet the evolving needs of the UAE.

[amaaudit]

What are the roles of an ADNOC Registration Consultants in UAE?

ADNOC Registration Consultants in the UAE play a crucial role in helping businesses navigate the process of becoming approved suppliers or vendors for the Abu Dhabi National Oil Company (ADNOC). Here's a breakdown of their key functions:

Understanding Eligibility and Requirements:

Consultants advise businesses on whether they meet the eligibility criteria for ADNOC registration based on factors like legal structure, industry experience, financial stability, and adherence to ADNOC's sustainability and ethical standards.

They keep themselves updated on the latest ADNOC registration requirements and ensure their clients understand the specific documentation and procedures needed.

Streamlining the Application Process:

Consultants can help gather and prepare all the necessary documents for the ADNOC registration application, saving businesses time and effort.

They can guide clients through the online application portal and ensure all information is submitted accurately and efficiently.

Compliance Assistance:

Consultants can advise on how to comply with ADNOC's stringent health, safety, environment, and quality (HSE-Q) standards, which are crucial for registration approval.

They can offer guidance on relevant UAE regulations and ensure the company's operations align with ADNOC's expectations.

Communication and Support:

Consultants act as a liaison between businesses and ADNOC, facilitating communication and addressing any questions or concerns that might arise during the registration process.

They can provide ongoing support and guidance even after the initial registration is complete, keeping clients informed of any changes in regulations or requirements.

Additional Considerations:

Some consultants might specialize in specific industry sectors relevant to ADNOC's operations, offering tailored expertise.

The level of service offered by consultants can vary, so it's important for businesses to choose a consultant with a proven track record and a clear understanding of their specific needs.

By utilizing the services of an ADNOC Registration Consultant, businesses can significantly increase their chances of successfully securing approval as a supplier or vendor for ADNOC, opening doors to valuable business opportunities.

[elevateaccounting]

Navigating the ICV Certification Services in UAE with Elevate

The In-Country Value (ICV) program introduced by Abu Dhabi National Oil Company (ADNOC) in 2018 has revolutionized the landscape for suppliers of goods and services in the UAE. This program mandates that suppliers obtain ICV certification from the ADNOC ICV Certification Agency, reflecting their contribution to the local economy. The ICV score is a crucial factor in the evaluation of bids, making it essential for suppliers to understand and optimize their ICV.

Areas Considered for Unified ICV Calculations

The Unified ICV Calculation encompasses several key areas:

(a) Goods Manufactured (for Suppliers with Industrial License)

(b) Third-Party Spend (for Suppliers with non-Industrial License)

(c) Investment

(d) Emiratization

(e) Expatriate Contribution

(f) Bonus – i) Revenue from outside UAE ii) Emirati Headcount

Why Implement the ICV Certification Program in UAE?

The ICV program aligns with several strategic objectives:

(a) Emiratization: Fostering additional employment opportunities for Emiratis in the private sector.

(b) GDP Diversification: Boosting UAE's GDP diversification by sourcing more goods and services locally.

(c) Strategic Considerations: Localizing critical parts of the value chain for selected categories.

Who Needs a Unified ICV Certificate?

Companies engaged directly or indirectly with various government and semi-government departments are required to obtain the Unified ICV Certificate. This includes entities working with ADNOC Group Companies, Abu Dhabi Department of Economic Development, Aldar Properties, Abu Dhabi Ports, Environment Agency Abu Dhabi, and all other Abu Dhabi government departments.

Elevate: Your Trusted ICV Service Provider

As a trusted ICV service provider in UAE, Elevate offers a range of services to help businesses navigate the ICV landscape effectively:

Financial Statement Audit: We audit and sign your financial statements, a fundamental step in the ICV certification process.

ICV Score Insights: Our expert team provides valuable insights into the factors influencing your ICV score.

Improvement Recommendations: We suggest strategies to enhance your ICV score, including organizational process restructuring.

ICV Template Drafting: We create an ICV template based on your financial records to ensure compliance with ICV score requirements.

ICV Improvement Plans: Our team drafts ICV improvement plans, essential for tender submissions to ADNOC.

Choose Elevate as your ICV Service Provider in UAE

Elevate First Accounting & Auditing has an exclusive partnership with Al Raqamiya Management Consulting, an ICV certifying body, ensuring a seamless and reliable ICV certification experience. In conclusion, with Elevate as your ICV service provider in UAE, you can navigate the complexities of the ICV certification process with confidence. Our expertise and strategic insights will not only help you achieve compliance but also optimize your ICV score, opening doors to enhanced business opportunities in the UAE.

[inspiretaxconsultanc]

Inspire Tax Consultancy Provides Financial audit and ICV Services in UAE

Inspire Tax Consultancy Provides Financial audit and ICV Services in UAE

Financial Audit

The purpose of an annual financial audit is to ensure that your business is operating in accordance with local regulations and laws. It also helps to improve your business's internal controls and management practices, thereby reducing the risk of fraud or other types of illegal behaviour. It is important to keep track of the financial accounts of your business in the UAE. This can be done through a financial audit.

Inspire Tax Consultancy  should undergo a financial audit every year, but it's also important to do so once every three years. The audit will be performed by an independent firm that specializes in auditing businesses and their records. The firm will examine all of the financial statements from previous years, as well as any other information provided by the company.

External Auditor or Internal Auditors

The financial audit in UAE is a very important step in the company's growth. The audit can be done by an external auditor or internal auditors.

The external auditor will provide the independent view of a firm's financial statements and report on their overall compliance with accounting standards. The Internal auditors will work closely with the management team to ensure that all relevant laws, regulations and best practices are being adhered to throughout the organization.

An external audit is an ideal way for your company to receive independent assurance from your auditors about its financial position and performance. You can find out more about our services at Inspire Tax Consultancy.

In the United Arab Emirates, the financial audit is an essential part of the financial system. The purpose of the audit is to assess the entity's financial statements and provide assurance that they are free from material misstatement.

ICV

Inspire Tax Consultancy can complete the Audit process, Guide and help in Filing the ICV template and get the same certified by ADNOC appointed certifying body. The ICV IN UAE is a full-service accounting firm that provides financial audit services. We specialize in helping businesses, both large and small, navigate the complex world of accounting, tax, and bookkeeping. We offer the following services:

1. Financial audit

2. Income tax audit

3. Payroll processing

4. Bookkeeping services

The team at ICV IN UAE will take the time needed to understand your situation and provide honest advice based on their experience as well as theirs so that when it comes to making important decisions about how your company operates you will have expert advice at your fingertips. In a recent survey conducted by ICV, it was found that the average UAE citizen believes that financial fraud is the most common type of cybercrime. The next most common form of cybercrime is phishing, followed by ransom ware.

Our teams are made up of professionals from different backgrounds, who are all committed to providing the best possible service and support to our clients. They choose to work at ICV because they share our values we believe that everyone has the potential to be successful, and we strive every day to help each one of them reach their full potential.

As a result, it's important for companies to protect themselves against such attacks and ensure they're not vulnerable to them in any way. This includes conducting regular audits as well as regular security assessments because these are two crucial steps in ensuring your organization's security posture is working effectively."

They have a team of accountants who will assist you with all aspects of your audit needs, from preparing your annual report to performing an on-site audit. It's not uncommon for businesses to have problems with the financial reporting process, but the good news is that there are ways to get around it and make sure your accounting records are accurate and up-to-date. For more information visit our website: - www.inspiretaxconsultancy.com

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UAE’s National ICV Program

Getting an In-Country Value (ICV) accreditation has become one of the most important prerequisites for running a successful business in the UAE. The ICV initiative was initially implemented in Abu Dhabi by the Abu Dhabi National Oil Company (ADNOC) in 2018 to support emiratization, GDP diversification, and strategic considerations. The Ministry of Industry and Advanced Technology (MoIAT) 2021 later directed the program's availability to the entire nation in 2021. The provider has the opportunity to obtain bids from governmental and semi-governmental organisations through the UAE's National ICV programme.

If the vendors obtain an ICV certificate in the UAE, they will be given a certain weighting when the tenders are evaluated. The most recent audited financial reports and other factors are utilised to determine how much each supplier contributed to an ICV certificate. Suppliers can get through the process' challenges by consulting with Dubai's ICV certification services.

Learn More:  UAE’s National ICV Program

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Job title: OFFSHORE PIPELINE ENGINEER Company: Profile Middle East Job description: Profile Middle East is a service provider with more than 20 years of experience in the market which specializes in Technical Field and HR Consultancy Services in the Industrial Sector (Oil & Gas, Engineering, Construction, Commissioning) with our focus on the Middle East region and a worldwide presence.For our own projects, we are looking for: OFFSHORE PIPELINE ENGINEERRef code: CR_2407-100_ Offshore Pipeline EngineerJob summaryMISSION:Responsible for the design, analysis, installation, and integrity management of subsea pipelines in compliance with ADNOC standards. This role requires a deep understanding of offshore pipeline engineering principles and practices, as well as specific experience with ADNOC’s regulations and guidelines. The successful candidate will work closely with multidisciplinary teams to ensure that pipeline projects are executed safely, efficiently, and within budget.TASKS: Perform detailed design and engineering calculations for subsea pipelines, including wall thickness design, stability analysis, and route selection. Utilize engineering software tools to conduct stress analysis, flow assurance, and other relevant simulations. Develop and review pipeline specifications, datasheets, and material requisitions. Coordinate with project managers, clients, and other stakeholders to ensure project objectives are met. Prepare project schedules, cost estimates, and resource plans. Monitor project progress and implement corrective actions as needed to keep projects on track. Develop installation procedures and oversee the installation of subsea pipelines. Conduct pre-commissioning and commissioning activities, including hydrotesting, pigging, and dewatering. Ensure compliance with HSE (Health, Safety, and Environment) standards and ADNOC regulations during installation. Implement pipeline integrity management programs, including inspection, maintenance, and repair strategies. Perform regular inspections and assessments to ensure the integrity and safety of existing pipelines. Analyze inspection data and recommend necessary remedial actions. Ensure all engineering activities comply with ADNOC standards and relevant international codes and regulations. Prepare and submit required documentation and reports to regulatory bodies and clients. Provide technical support to construction, operations, and maintenance teams. Troubleshoot and resolve technical issues related to pipeline systems. Conduct root cause analysis for pipeline failures and incidents. Stay updated with the latest advancements in offshore pipeline technology and engineering practices. Identify opportunities for innovation and improvement in pipeline engineering processes. Participate in technical training and development programs. EDUCATION & EXPERIENCE: Bachelor’s degree in Mechanical Engineering, Civil Engineering, or a related field. Professional Engineer (PE) license or equivalent certification is preferred. Minimum of 10 years of experience in offshore pipeline engineering, with specific experience working on projects compliant with ADNOC standards. Proficiency in pipeline engineering software (e.g., AutoPIPE, CAESAR II, PipePhase). Strong knowledge of relevant industry standards and codes (e.g., API, DNV, ASME). Excellent problem-solving and analytical skills. Strong communication and teamwork abilities. Willingness to work offshore and in remote locations as required. OTHER DETAILS: Location: Abu Dhabi, UAE; Contract duration: 6 Months – Extendable; Starting date: September 2024; Profile Middle East upholds workplace equality and diversity, assessing candidates solely on merit and potential. Expected salary: Location: Abu Dhabi Job date: Fri, 26 Jul 2024 02:56:56 GMT Apply for the job now!

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A Wrap-up on the In-Country Value Program of the UAE

A Wrap-up on the In-Country Value Program of the UAE

The ICV program is a UAE effort that aims to develop the regional economic situation through commercial supply chain development. With this initiative, the UAE seeks to increase provider participation from neighborhood companies to support their development and add favorably to the economic situation.

The ADNOC Group has actually established the In-Country Worth (ICV) Program to boost the number of items and also solutions sourced in the UAE, consequently developing more significant chances for people and also services. The program aims to develop enduring worth for Abu Dhabi and also the wider UAE economy, with an expanding focus on neighborhood material and also vendor growth. ICV is a financial diversity program established by the Abu Dhabi government to in your area resource more items and solutions for competent projects within its territory. Instances of ICV-qualified tasks consist of yet are not limited to:

· Expedition as well as manufacturing tasks including boring, workovers, and conclusion of new wells

· Construction/engineering works

· Upkeep tasks such as overseas platform maintenance

· Procurement or supply chain administration solutions

· Seismic information purchase, refining & analysis solutions (geophysical studies).

· Downstream petrochemical activities such as manufacturing petrochemicals or refining petroleum right into refined oil products (gasoline, gasoline).

To end up being ICV accredited, a firm should go through an independent evaluation of its enrollment as well as management systems. The award of qualification is based on the company's ability to fulfill the needs of the ICV Assessment Criteria. Firms seeking ICV accreditation are called to complete 3 sections:.

· Company registration criteria.

· Company management systems as well as treatment standards.

· Market sector-specific criteria.

To participate in this program and show your commitment to supporting the UAE economic climate, you require to be accredited. Even if you're not yet prepared for accreditation, Press Digits Chartered Accountants can assist you ready up with our ICV readiness solutions. We'll give an examination on how to accomplish conformity with all of the needed criteria and also provide your business the best possibilities at earning its ICV qualification with a high ICV rating.

Why ICV Certificate is Important?

The ICV certificate is needed to participate in any kind of tender that comes under the In Country Worth program by ADNOC (Abu Dhabi National Oil Firm). The certificate will be released to the firm which has made significant initiatives to include regional companions in production tasks. ADNOC is attempting to enhance the payment of neighborhood companies by a minimum of 25% of the overall expense by the year 2025. Based on our own assessment after carrying out a high number of ICV consultations, all business that is postponing being ICV certified will certainly lose a large quantity of business which will have a substantial impact on their going issue.

The ICV Certification Guarantees that a Driver has made Considerable Initiatives to Include Neighborhood partners in Manufacturing Tasks.

The In Nation Worth (ICV) program is a government-driven effort to broaden local content in the economic situation. Firms are needed to consider regional web content in their tasks. There are advantages for both firms and nations in developing regional partners as well as distributors, consisting of price financial savings, economic sustainability as well as boosted efficiency. Neighborhood material needs are increasing as federal governments intend to improve the economies of resource-rich countries through increased engagement of regional firms. In order to access work chances such as tenders, operators will certainly be needed to have an ICV certification. An operator can attain an ICV certificate by working with the Ministry of Oil & Gas (MOG) as well as supplying in-depth information regarding its supply chain tasks, consisting of subcontractors that are owned by nationals from the country where it runs.

What is Factor System in the ICV Program?

Companies that join tenders for supply contracts with ADNOC and also other government entities have to obtain an ICV certificate. The certificate is issued by the Abu Dhabi federal government, based on a factor system. The points are awarded to firms for each and every of the 4 "columns" of an ICV certification:.

· Neighborhood web content-- this column has the acmes limit, at 100%.

· Economic payment-- under this column of neighborhood value, there are 3 sub-categories-- tasks (25%), community development (25%) as well as R&D (15%). These classifications do not need to total 100%, however, instead, they add up to 65% of the general Financial Payment classification.

· Enrichment value under this column includes two sub-categories: UAE national workers (30%) and also Emiratization/women's empowerment/disability employment plans (20%). These 2 sub-categories make up 50% of the Enrichment Worth pillar.

Needed Documents for ICV Certification.

Obtaining an ICV certificate calls for correct documentation such as:.

· VAT certificate.

· Audited financial statements.

· A breakdown of items and services procured by the company.

· ICV% of the suppliers utilized by the company together with their ICV certifications.

· Wage protection system reports along with staff checklist.

· Finished ICV Design Template.

Lots of various other documents i.e. Emirates ID, key, business permit, and so on.