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.

UAE announces Eid Al Etihad holidays for federal sector
Fire breaks out at warehouse in Abu Dhabi's Al Mafraq area
14 dead, 30 injured in Fujairah traffic accident
UAE President, Crown Prince of Bahrain discuss regional developments
H.H. Sheikh Mohammed issues law defining Dubai Municipality's mandate
Sharjah reopens beaches to the public after tanker oil spill
8 arrested for Abu Dhabi hotel brawl; 2 more held for filming it
UAE President meets US delegation following trilateral talks with Ukraine, Russia
