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 rescues crew of commercial ship attacked in Red Sea
The UAE has successfully carried out a maritime rescue operation in the Red Sea.
UAE President receives Syrian counterpart in Abu Dhabi
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has met with Syrian President Ahmad Al-Sharaa during his working visit to the UAE.
Three exchange houses fined over AED 4 million for compliance failures
The Central Bank of the UAE (CBUAE) has fined three exchange houses a total of AED 4.1 million for failing to comply with anti-money laundering and counter-terrorism financing regulations.
UAE denies granting golden visas to digital currency investors
Authorities in the UAE have denied reports circulating on social media that investors in digital currencies were being granted golden visas.
Middle East can 'rise from the rubble of crises', says Gargash
The diplomatic advisor to the UAE President, Anwar Gargash, said the Middle East has an opportunity to "turn a new page" and become a prosperous region.
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