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Home Business UAE, France to agree diesel deal as UAE leader heads to Paris

UAE, France to agree diesel deal as UAE leader heads to Paris

by News desk
July 17, 2022
in Business

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France and the United Arab Emirates (UAE) will sign an accord on Monday whereby the UAE will guarantee diesel supplies to France, a French presidency source said as Paris looks to diversify its hydrocarbons supplies amid the Ukraine war.

The deal coincides with the visit to Paris of UAE President Sheikh Mohammed bin Zayed al-Nahyan (MBZ) between July 17-19, his first overseas state visit since taking over from his half-brother in May and the first by a UAE leader since 1991.

President Emmanuel Macron has forged a good relationship with MBZ with investments flowing between both countries, most recently with France sealing its largest-ever overseas sale of the Rafale warplane.—Zawya News