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Saudi Crown Prince Mohammed bin Salman visited the UAE over the weekend, marking his first visit to the country in three years, Saudi state news agency SPA said. During a sit-down with Sheikh Mohamed bin Zayed Al Nahyan, the leaders discussed regional developments and the importance of Gulf cooperation, state news agency Wam reports.
On the agenda for discussions was Opec’s increase of the UAE’s oil production quota, which is set to begin in January 2025, sources told Reuters. This comes ahead of an upcoming Opec+ meeting scheduled for 5 December, where the group is widely expected to delay further its plans to hike output until the end of 1Q 2025.
UAE + Philippines partner on energy transition: The Philippines and the UAE have signed an MoU to cooperate on the energy transition, according to a press release. The agreement outlines collaboration in renewable energy, nuclear energy, energy efficiency, and alternative fuels, among other things.
What’s next? An implementation agreement with a UAE state-owned company is currently in
the works, with an anticipated signing date next January.
