epa06309063 (FILE) -  Prince Mohammed bin Salman of Saudi Arabia meets with Russian President Vladimir Putin (not pictured) during the G20 Summit in Hangzhou, China, 04 September 2016 ((reissued 04 November2017). Saudia Arabia announced the arrests of eleven princes. Prince Mohammed bin Salman will head the new anti-corruption committee that ordered the arrests.  EPA/YURI KOCHETKOV
Crown Prince Mohammed bin Salman will meet with Russian President Vladimir Putin today. Potential increases in crude output will be on the agenda. Yuri Kochetkov/EPA

Saudi Crown Prince and Putin to discuss oil at World Cup opening match



Russian President Vladimir Putin and and Saudi Crown Prince Mohammed bin Salman will discuss how to boost oil production while maintaining their petro-alliance when they meet in Moscow on Thursday to watch the football World Cup’s opening match between the two countries.

The world’s largest oil exporters are negotiating how to rework their unprecedented, and successful, deal to control oil production as US sanctions on Iran and the collapse of the Venezuelan petroleum industry threaten to send crude skyrocketing. They must also contend with President Donald Trump, who used his Twitter account on Wednesday to attack Opec for artificially inflating prices.

"This is the most political Opec meeting in a long time," said Amrita Sen, chief oil analyst at consultant Energy Aspects.

Both Saudi Arabia and Russia have proposed plans for the so-called Opec+ group that would add as much as 1 million barrels a day, about 1 per cent of global output, although Riyadh prefers a smaller increase. The back and forth signals major differences remain, even between Riyadh and Moscow, who’ve worked very closely over the past two years.

Reaching an understanding between Russia and Saudi Arabia may prove easier than obtaining a wider agreement among the 24 countries bound by the agreement first struck in late 2016. Opec meets in Vienna on June 22 and Iran, Venezuela and Iraq have publicly set themselves against a production increase.

"An output increase by the four main producers [Kuwait, Russia, Saudi Arabia, and UAE] looks inevitable," Ed Morse, head of commodities research at Citigroup in New York, said in a note to clients. But he warned that less than 10 days for the meeting the size and timing of any increases was still up in the air.

Russia and Saudi Arabia forged their unlikely an alliance in 2016 after face-to-face meetings between Mr Putin and Prince Mohammed. The diplomatic opening paved the way for Moscow joining Opec in cutting production for the first time in more than a decade, with 24 countries agreeing to curb output by 1.8 million barrels a day in order to eliminate a supply glut that was weighing on prices.

Since then, prices have rallied close to $80 a barrel. Saudi Oil Minister Khalid Al Falih and his Russian counterpart Alexander Novak, who will also attend today’s match, have struck up a close working relationship, speaking regularly by phone and making several joint media appearances.

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Many nations have gone further than their pledged cuts. Saudi Arabia said it was cutting deeper to lead by example. Others, notably Venezuela, have experienced involuntary declines in production due to problems in their oil industries. In May, the group’s total reduction added up to almost 2.2 million barrels a day, according to the International Energy Agency (IEA).

On Wednesday, the IEA said combined output from Venezuela and Iran could fall a further 30 per cent next year due to US sanctions and economic upheaval. That’s one reason the US is putting diplomatic pressure on Saudi Arabia and other Opec members to increase production, hopefully pushing down gasoline prices, before the US votes in midterm elections that could decide which party controls Congress.

"Oil prices are too high, Opec is at it again. Not good!,” the president tweeted on Wednesday morning.

The US is putting pressure on Opec members to increase production as global benchmark prices flirt with $80 a barrel, raising pump prices in the months before the US votes in midterm elections that could decide which party controls Congress.

“The Trump administration is trying to intervene in the affairs of a sovereign organisation,” said Iran’s Opec governor, Hossein Kazempour Ardebili. Such attempts have failed in the past and “they will also fail” this time.

Mr Trump’s tweet drew lots of responses, including one from oil hedge fund founder Pierre Andurand, who expects prices will be above $150 a barrel in less than two years. “At current prices US oil producers are still losing money. Adding to their $500bil of losses since 2007... so if all production growth is unprofitable what makes oil prices high?? Maybe they are actually way too low..."

Company profile

Name: Tratok Portal

Founded: 2017

Based: UAE

Sector: Travel & tourism

Size: 36 employees

Funding: Privately funded

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

SPECS

Engine: 4-litre V8 twin-turbo
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Torque: 850Nm
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The specs

Engine: 5.0-litre supercharged V8

Transmission: Eight-speed auto

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COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

TWISTERS

Director: Lee Isaac Chung

Starring: Glenn Powell, Daisy Edgar-Jones, Anthony Ramos

Rating: 2.5/5

Austrian Grand Prix race timings

Weekend schedule for Austrian Grand Prix - all timings UAE

Friday

Noon-1.30pm First practice

4-5.30pm Second practice

Saturday

1-2pm Final practice

4pm Qualifying

Sunday

4pm Austrian Grand Prix (71 laps)

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Biog:

Age: 34

Favourite superhero: Batman

Favourite sport: anything extreme

Favourite person: Muhammad Ali 

MATCH INFO

Burnley 1 (Brady 89')

Manchester City 4 (Jesus 24', 50', Rodri 68', Mahrez 87')

The specs

Engine: 2.3-litre 4cyl turbo
Power: 299hp at 5,500rpm
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Transmission: 10-speed auto
Fuel consumption: 12.4L/100km
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The Specs

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Dubai works towards better air quality by 2021

Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.

The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.

These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.

“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.

“We’re in a good position except for the cases that are out of our hands, such as sandstorms.

“Sandstorms are our main concern because the UAE is just a receiver.

“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”

Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.

There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.

“There are 25 stations in total,” Mr Al Daraji said.

“We added new technology and equipment used for the first time for the detection of heavy metals.

“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”

SPEC SHEET: APPLE IPHONE 15 PRO MAX

Display: 6.7" Super Retina XDR OLED, 2796 x 1290, 460ppi, 120Hz, 2000 nits max, HDR, True Tone, P3, always-on

Processor: A17 Pro, 6-core CPU, 6-core GPU, 16-core Neural Engine

Memory: 8GB

Capacity: 256/512GB / 1TB

Platform: iOS 17

Main camera: Triple: 48MP main (f/1.78) + 12MP ultra-wide (f/2.2) + 12MP 5x telephoto (f/2.8); 5x optical zoom in, 2x optical zoom out; 10x optical zoom range, digital zoom up to 25x; Photonic Engine, Deep Fusion, Smart HDR 4, Portrait Lighting

Main camera video: 4K @ 24/25/30/60fps, full-HD @ 25/30/60fps, HD @ 30fps, slo-mo @ 120/240fps, ProRes (4K) @ 60fps; night, time lapse, cinematic, action modes; Dolby Vision, 4K HDR

Front camera: 12MP TrueDepth (f/1.9), Photonic Engine, Deep Fusion, Smart HDR 4, Portrait Lighting; Animoji, Memoji

Front camera video: 4K @ 24/25/30/60fps, full-HD @ 25/30/60fps, slo-mo @ 120/240fps, ProRes (4K) @ 30fps; night, time lapse, cinematic, action modes; Dolby Vision, 4K HDR

Battery: 4441mAh, up to 29h video, 25h streaming video, 95h audio; fast charge to 50% in 30min (with at least 20W adaptor); MagSafe, Qi wireless charging

Connectivity: Wi-Fi, Bluetooth 5.3, NFC (Apple Pay), second-generation Ultra Wideband chip

Biometrics: Face ID

I/O: USB-C

Durability: IP68, water-resistant up to 6m up to 30min; dust/splash-resistant

Cards: Dual eSIM / eSIM + eSIM (US models use eSIMs only)

Colours: Black titanium, blue titanium, natural titanium, white titanium

In the box: iPhone 15 Pro Max, USB-C-to-USB-C woven cable, one Apple sticker

Price: Dh5,099 / Dh5,949 / Dh6,799

The Roundup

Director: Lee Sang-yong
Stars: Ma Dong-seok, Sukku Son, Choi Gwi-hwa
Rating: 4/5

THE SPECS

Engine: 3.5-litre V6
Transmission: six-speed manual
Power: 325bhp
Torque: 370Nm
Speed: 0-100km/h 3.9 seconds
Price: Dh230,000
On sale: now

UAE rugby in numbers

5 - Year sponsorship deal between Hesco and Jebel Ali Dragons

700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams

Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams

Dh1.8m - Dubai Hurricanes' overall budget for next season

Dh2.8m - Dubai Exiles’ overall budget for next season


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