Oil prices will rebound by next year. That’s according to the UAE’s energy Minister His Excellency Suhail Al Mazrouei, who says we will see an upward correction by 2016. The correction will be a result of economic growth in some countries which will lead to higher demand. Meanwhile oil analysts agree that while prices will rise, it is more likely to happen in 2017.
UAE to invest 40 billion euros in Germany to deepen economic ties
The UAE has announced plans to invest 40 billion euros in Germany, targeting key sectors including industry, advanced technology, artificial intelligence, digital infrastructure and energy.
UAE, Germany announce new agreements and strategic dialogue
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and German Chancellor Friedrich Merz have witnessed the announcement of a series of agreements, memoranda of understanding and letters of intent aimed at expanding cooperation.
UAE affirms commitment to relations with all countries
The UAE has expressed hope that Algeria’s decision to sever diplomatic relations will be temporary, while reaffirming its commitment to strong relations with all countries.
UAE President, German Chancellor reaffirm strategic partnership
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and German Chancellor Friedrich Merz have discussed ways to further strengthen the strategic partnership between the UAE and Germany.
