Russia foreign minister hopes for oil deal in UAE

Moscow hopes to strike a deal with GCC countries to prop up the oil market as its foreign minister visits the Emirates. Sergey Lavrov is scheduled to meet UAE leaders in Abu Dhabi, before heading to Oman. Russia’s economy is hit hard by the effects of falling oil prices, and hopes OPEC’s proposal to cut production by 5% pushes through. It’s unusual for Lavrov to travel on an economic mission. Our reporter Albina Kovalyova talks about the importance of the trip.

Also on the agenda is the fresh round of peace talks in Geneva, aimed at finding a solution to Syria’s five-year-old civil war.

More from Business News

On Virgin Radio today

  • The Kris Fade Show

    6:00am - 10:00am

    Kris, Priti and Rossi host the UAE's biggest radio show. It's full of fun, laughs and it's Where The Stars Live.

  • Adam Eddine

    10:00am - 2:00pm

    Good vibes and loads of hit music!

Trending on Virgin Radio

  • Talent Takeover

    For one morning only, you could host the UAE’s biggest radio show, The Kris Fade Show - live across the nation.

  • Bassem Youssef

    One of the most talked about comedians in the world takes over The Kris Fade Show. Watch the full interview here...

  • Middle East Hot 30

    Every weekend Kris Fade plays the biggest tracks in the Middle East. Check out this weeks chart...

  • Mais Vault on the Kris Fade Show!

    The boys tried their 'pick up' lines on Mais Vault and things did not go according to plan...