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.

H.H. Sheikh Mohammed issues law on Dubai antiquities, archeological sites
UAE calls for action as Iran continues to violate UN resolution
Eid Al Adha holiday: Emirates issues peak travel advisory
H.H. Sheikh Hamdan approves second AED 1.5bn economic incentives package
UAE minister affirms prospering economic model amidst regional developments
