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

Lufthansa has become the latest airline to warn that ticket prices will rise further, as it forecast a two-billion-euro jump in annual fuel costs due to the Middle East conflict.

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

Sheikh Mohamed met with Germany's Minister for Economic Affairs and Energy, Katherina Reiche, in Abu Dhabi on Tuesday. The meeting centered on strengthening the growing UAE-Germany partnership, focusing on economy, investment, and energy. Reiche attended the UAE's Adipec conference alongside numerous global ministers who prioritized the energy sector's future. Sheikh Mohamed hosted Bavaria's Minister-President, Markus Soder, a day prior, during his state visit to Germany.

The leaders reiterated their commitment to enhancing cooperation between the UAE and Bavaria, reflecting on the success of Sheikh Mohamed's recent state visit to Germany in September. During his visit, Sheikh Mohamed announced plans to invest €40 billion ($46.47 billion) in Germany, with a quarter of the funds, €10 billion, designated for Bavaria. Additional agreements included the establishment of a UAE-German Investment Council and a Strategic Dialogue between the two nations.

Fahad Al Gergawi, Undersecretary at the Ministry of Foreign Trade, stated that there was a mutual dedication to innovation and development during a business roundtable featuring senior UAE and Bavarian officials. He emphasized that Germany remains one of the UAE's most significant economic partners within the European Union, accounting for around 20% of the UAE's total non-oil foreign trade with the bloc.

Bavaria's expertise in industry, technology, and innovation complements the UAE's role as a global trade and investment hub, Soder added, expressing optimism about converting these complementary strengths into productive, long-term partnerships.

Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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