Scholz spokesperson: German Chancellor discussed energy with UAE president
July 5, 2022, 7:37 pm

Scholz spokesperson: German Chancellor discussed energy with UAE president

heikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi . (AFP)

A spokesperson for German Chancellor Olaf Scholz said that the Chancellor spoke on Tuesday (July 5) with United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan and discussed issues including energy.

The spokesperson said in a statement: “In a telephone conversation, the Chancellor and the President spoke about bilateral cooperation, including in the areas of energy and climate protection, regional issues as well as the Russian attack on Ukraine and its global impact.”

The United Arab Emirates is close to its oil output ceiling under OPEC+ agreements, an official said, ahead of a regional visit by US President Joe Biden, who is expected to lobby for increased production.

The Gulf state stressed it was committed to the OPEC+ figure of 3.168 million barrels of oil per day (bpd). Biden will visit neighboring Saudi Arabia, the world’s biggest oil exporter, as part of his tour next month.

UAE flag flies over a boat at Dubai Marina, Dubai, United Arab Emirates May 22, 2015. (File Photo: Reuters)

Oil production has come into sharp focus since Russia’s invasion of Ukraine triggered extreme volatility in the markets, raising the price of fuel and other goods around the world.

UAE residents report strong tremors after multiple earthquakes kill at least 5 in Iran

The United Arab Emirates (UAE) is estimated to hold the seventh-largest proven oil and natural gas reserves globally.

The UAE produces an average of 3 million barrels of petroleum and liquids per day and has oil reserves of 100 billion barrels. Approximately 30% of the country’s GDP is directly based on its oil and gas output, contributing to almost 13% of the value of its total exports.

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”