Minister of Economy Sultan Al Mansouri. Paulo Vecina / The National
Minister of Economy Sultan Al Mansouri. Paulo Vecina / The National
Minister of Economy Sultan Al Mansouri. Paulo Vecina / The National
Minister of Economy Sultan Al Mansouri. Paulo Vecina / The National

Oil at $80 seen as ideal in next phase, says UAE Minister of Economy


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The level of $80 a barrel is seen as an ideal price for oil as the world economy moves to higher growth, the UAE Minister of Economy Sultan Al Mansouri said on Sunday.

“The minister of energy looks at $80 as the ideal price of oil as we go to the next phase,” Mr Al Mansouri told reporters before the start of an international business conference.

He said the world could not afford to let oil stay at its current level, which is roughly $50 a barrel for Brent crude. The world economy is expected to pick up in the second half of 2016, he added.

“We could see a pick-up in China and some other parts of the world,” Mr Al Mansouri said, adding that the decrease in the oil price was a chance for other economies to review their policies and build growth momentum.

On the impact of low oil prices on the UAE’s own economy, he noted that the UAE had substantial funds that were invested internationally, and said returns on these investments would make up for fluctuations in oil prices.

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Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

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In Dubai:

Dh200 for littering or spitting in the Dubai Metro

Dh500 for throwing cigarette butts or chewing gum on the floor, or littering from a vehicle. 
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In Sharjah and other emirates
Dh500 for littering - including cigarette butts and chewing gum - in public places and beaches in Sharjah
Dh2,000 for littering in Sharjah deserts
Dh500 for littering from a vehicle in Ras Al Khaimah
Dh1,000 for littering from a car in Abu Dhabi
Dh1,000 to Dh100,000 for dumping waste in residential or public areas in Al Ain
Dh10,000 for littering at Ajman's beaches 

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Pakhtoons 109-5 (10 ov)

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50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias

Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match

WWE World Heavyweight ChampionshipAJ Styles (champion) v Shinsuke Nakamura

Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe

United States Championship Jeff Hardy (champion) v Jinder Mahal

SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos

Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt

Casket match The Undertaker v Chris Jericho

Singles match John Cena v Triple H

Cruiserweight Championship Cedric Alexander v tba

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Hometown: Cologne, Germany

Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)

Favourite dessert: Umm Ali with dark camel milk chocolate flakes

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Breakfast routine: a tall glass of camel milk

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