UAE, Russia to strengthen cooperation in oil, nuclear energy

WAM

Russian President Vladimir Putin’s visit to the UAE will pave the way for further cooperation in the oil and nuclear energy sectors.

That’s according to the UAE’s Minister of Energy and Industry, Suhail bin Mohammed Faraj Faris Al Mazrouei.

He told national news agency WAM that the two countries are coordinating the UAE’s purchase of Russian nuclear fuel.

The minister also praised Moscow's role in the success of the OPEC agreement aimed at stabilising the global oil market.

Putin will begin his visit to the UAE on Tuesday, during which he will meet with His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

More from Business

Coming Up on Dubai Eye

  • Nights on Dubai Eye 103.8

    11:00pm - 7:00am

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

  • Nights on Dubai Eye 103.8

    7:00am - 10:00am

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.