UAE and Israel discuss cooperation in energy sector

Wednesday, 23 September 2020 20:00

The UAE and Israel have held talks on strengthening cooperation in the energy sector.

The virtual meeting was held between the UAE's Minister of Energy and Infrastructure, Suhail bin Mohammed Al Mazrouei, and his Israeli counterpart Yuval Steinitz.

They discussed investment opportunities in oil and gas, as well as the adoption of green energy and advanced technologies.

During the meeting, Al Mazrouei also presented the UAE Energy Strategy 2050, which is the country’s first unified energy plan that aims to maintain a balance between production and consumption, while meeting global environmental commitments.

More from Business News

UAE, Colombia sign major trade pact

The UAE and Colombia have signed a Comprehensive Economic Partnership Agreement (CEPA).
UAE and Costa Rica sign economic partnership deal

The UAE and Costa Rica have signed a Comprehensive Economic Partnership Agreement (CEPA) to improve bilateral trade and investment ties, President His Highness Sheikh Mohammed bin Zayed Al Nahyan said on Thursday.
Dubai-based Telegram app to hit 1 billion users 'within a year'

The Telegram messaging app, one of the most popular social media platforms, will likely cross one billion active monthly users within a year as it is spreading like "forest fire", its billionaire founder Pavel Durov said on Tuesday.
Microsoft invests $1.5 billion in Abu Dhabi AI company G42

G42, the leading UAE-based artificial intelligence (AI) technology holding company, has announced a $1.5 billion investment from Microsoft to strengthen it's expansion into new markets across the globe.