The price of oil is set for a correction by the end of the year, according to the UAE Energy Minister. Speaking in Abu Dhabi, Suhail Mohammad Faraj Al Mazrouei said that he believes the current prices are forcing everyone to ‘freeze.’ It's reported that oil has lost over 65% of its value since highs of $115 per barrel in June 2014, due to a glut of supply. The minister added: “It does not make any sense for anyone to increase the production at the current prices.”
UAE advances agentic AI project targeting 50% of government operations
The UAE has launched the strategic phase of a national project aimed at converting 50 per cent of federal government operations, services and tasks to agentic AI-driven models within two years.
Dubai Business Forum – China to be held in Shenzhen in October
Dubai Chambers will host the Dubai Business Forum – China in Shenzhen on October 14, bringing together government officials, business leaders and investors from the two markets.
UAE-BRICS non-oil trade tops $312 billion
UAE Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi has taken part in a meeting of BRICS trade ministers in Jaipur, India, focused on strengthening trade and economic cooperation between member countries.
ADNOC affirms commitment to meeting customer requirements despite challenges
ADNOC says it remains focused on meeting customer needs despite challenging circumstances, following unprovoked attacks targeting its people and assets.
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