UAE chairs OPEC session in Vienna

The United Arab Emirates chaired the 45th annual session of the OPEC Fund Ministerial Council in Vienna. The meeting covered the 2023 annual report and progress of Fund projects. Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, led the UAE delegation. He highlighted achievements and outlined goals for 2024. Al Hussaini was elected Chairperson, with Venezuela’s Minister of Economy and Finances as Vice-Chairperson. The session set plans for the 2025 meeting. The OPEC Fund, formed in 1976, aids development in 125+ countries, with projects totaling over US$200 billion.