Germany's Lufthansa warns of ticket price hikes amid Iran war energy shock

Lufthansa has warned that ticket prices are expected to rise further, forecasting a two-billion-euro increase in annual fuel costs resulting from the conflict in the Middle East, according to The Local Germany.

In Abu Dhabi, President Sheikh Mohamed held talks with Germany's Minister for Economic Affairs and Energy, Katherina Reiche, regarding the expansion of UAE-Germany relations in the areas of energy, investment, and the economy. The discussions occurred while Ms. Reiche attended the Adipec conference. This follows a visit to the UAE capital by Markus Soder, the Minister-President of Bavaria, to discuss cooperation between the Emirates and the Bavarian region.

According to The National Business and The National UAE, the UAE previously announced plans to invest €40 billion in Germany across sectors such as energy, digital infrastructure, and artificial intelligence. Of that total, €10 billion is designated for the state of Bavaria. The two nations also agreed to launch a Strategic Dialogue and establish a UAE-German Investment Council.

Brief written by urgent.news from The Local Germany, The National Business, The National UAE, Euronews — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.