The UAE wants to reduce its dependence on natural gas imports. That’s according to the energy minister, who’s announced a AED 130 billion investment to diversify the country's energy resources. His Excellency Suhail Al Mazroui says he aims to decrease the UAE’s dependence on natural gas from 100% now to 70% by 2021. The UAE also plans to boost its oil production capacity to 3.5 million barrels per day by 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.
