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.”
Eleven agreements signed at Al Ain Future Business Forum
Eleven agreements and memoranda of understanding were signed as the inaugural Al Ain Future Business Forum concluded at ADNEC Centre Al Ain.
UAE, Argentina launch CEPA negotiations
The UAE and Argentina have announced the launch of negotiations for a Comprehensive Economic Partnership Agreement (CEPA), marking a new step in efforts to deepen trade and investment relations.
Meraas awards AED 1 billion contract for Nad Al Sheba Gardens expansion
Meraas, part of Dubai Holding Real Estate, has awarded a contract worth nearly AED 1 billion to GCC Contracting to build 272 villas and townhouses in Phase 7 of Nad Al Sheba Gardens.
Meta launches AI gadget Charm as race for post-smartphone hardware heats up
Meta CEO Mark Zuckerberg on Wednesday has unveiled a small handheld gadget called Meta Charm for using its new Muse AI assistant, taking the company's hardware efforts beyond its successful smart glasses.
Latest With Hit
Akhil Kavalayoor live on Radio Active
Latest With Hit
Watch Dona & Jean as they grove to SakkathaGavle !
Latest With Hit
Ted X speaker, AI trainer Raul John Aju giving us AI lessons.
