His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, held talks on energy strategy and infrastructure development with Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, during a meeting in Sharjah on Tuesday.
The discussions focused on strengthening cooperation between federal and local authorities in the energy sector, with an emphasis on advancing clean energy programmes and supporting sustainable development across the UAE.
The meeting also reviewed future plans by Etihad Water and Electricity Company ((EtihadWE), including the use of advanced technologies and innovative practices to improve energy services, enhance infrastructure efficiency and address environmental challenges.
Held at the Ruler’s Office, the meeting was attended by His Highness Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, and His Highness Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the Energy Council.
Concluding the meeting, Al Mazrouei thanked the Sharjah Crown Prince for his continued support, noting that close coordination between government entities is key to the long-term growth and sustainability of the energy and electricity sector.
Global equity markets, including from the U.S., Europe and Asia, rose while oil prices fell on Wednesday, as traders cheered news of ceasefire proposals to de-escalate the ongoing conflict in the Middle East.
Australia's centre-left government has introduced legislation in the parliament to double penalties for fuel price gouging on Wednesday as global supply disruptions due to the Iran war triggered fuel shortages in some rural regions.
Gulf markets ended mixed on Tuesday, with Qatar extending losses while other bourses steadied as investors parsed conflicting signals on potential US-Iran talks.
Australia and the European Union on Tuesday signed a trade deal marking the culmination of years of negotiations, as Europe seeks to diversify its export markets and expand ties beyond its traditional partners.
Weaponising the Strait of Hormuz is an act of economic terrorism with global impact far beyond energy markets, asserted Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, while addressing CERAWeek in Houston, Texas.
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