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Mohammed arrives in Riyadh for summit

Mohammed arrives in Riyadh for summit
Leads UAE delegation to 36th GCC Summit

From: 24/7

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, arrived in the Saudi capital Riyadh today heading the UAE delegation to the two-day 36th Gulf Cooperation Council Summit, being hosted by Saudi Arabia.

Sheikh Mohammed was welcomed upon arrival at King Khaled bin Abdul Aziz International Airport by the Custodian of the Two Holy Mosques, King Salman bin Abdul Aziz of Saudi Arabia.

Prince Mohammed bin Naif bin Abdulaziz, Saudi Crown Prince, Deputy Premier and Minister of Interior, Prince Mohammed bin Salman bin Abdulaziz, Deputy Crown Prince, Second Deputy Premier and Minister of Defence, Dr. Abdullatif bin Rashid Al Zayani, the GCC Secretary-General, and a number of princes, ministers and senior civilian and military officials, were at the airport to welcome Sheikh Mohammed.

Mohamed’s visit to boost China ties
UAE is Beijing's largest Mideast trade partner

From 24/7

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

Relations between the UAE and China are set to take a new turn in various fields with a landmark visit to Beijing on Sunday by HH Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the armed forces.

Sheikh Mohammed will have talks with Chinese leaders during his three-day trip on political, economic and commercial issues, according to the official news agency WAM.

“The visit is designed to bolster friendly relations between the two countries and the strategic cooperation…it will also cover regional and global issues of mutual concern.”

WAM said the talks would cover expanding cooperation in many fields, including economy, investment, industry, education, culture and tourism.

Official sources said the visit is part of the UAE’s policy to develop ties with all countries and diversify its partners through the world.

It is also intended to attract technology through foreign investment and joint ventures in the UAE with major industrial nations.

“China could be a perfect partner in this field given its tremendous technological potential…it has already shown a strong desire to invest in the UAE and become a major partner with it,” a source said.

China is already a key investor in the UAE and the largest exporter to Dubai after it was a negligible trading partner two decades ago.

The sources said the UAE could be an attractive destination for investment by China and other countries for many reasons, including its safe environment, security and stability, business incentives, its location and its abundant hydrocarbon resources.

Trade between the UAE and China has totaled around Dh922 billion in 10 years at the end of 2014, a whopping average of around Dh92 billion a year.

Chinese embassy figures showed two-way stood at around Dh201 billion through 2015, the highest trade exchange level between the two countries.

China’s exports to Dubai soared by around 29 per cent to a record high of 175 billion in 2014, making Beijing the largest exporter to the emirate.

The report showed China’s imports from the UAE, mostly oil, stood at nearly Dh734 billion in 10 years and the figure is set to grow in the next years.

The UAE has also emerged as a major base for Chinese companies while there were an estimated 200,000 Chinese in Dubai at the end of 2014. The figures showed Dubai also received in excess of 344,000 Chinese tourists last year.

“Dubai has remained the best choice in the Middle East and North Africa for Chinese tourists…Chinese visiting Dubai are projected to increase by 97 per cent by 2023 to reach more than 540,000,” the report said.

Hamdan issues directive to organise Islamic economy summit
Forms Board of Mohammed bin Rashid School of Government

From: 24/7

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum (File)

Under the patronage of His Highness Sheikh Mohammed bin Rashid al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince, has issued directives to organise the third Global Islamic Economy Summit on 11 and 12 October, 2016. The Dubai Islamic Economic Development Centre and the Dubai Chamber of Commerce and Industry will collaborate with each other to organise the Summit.

Sheikh Hamdan bin Mohammed said: "The UAE’s position as global hub for sustainable development places it in a good position to lead the development of a Shariah-compliant knowledge-based economy that can promote diversified Islamic investments in industry, production and services sectors."

He said: "Through the Global Islamic Economy Summit, we seek to boost the growth of the Islamic economy and encourage the adoption of its principles in diverse economic activities. We are also keen to discuss cooperation with regional and international partners to support the development of production infrastructures in Islamic countries that can help these countries become active players in global industry and markets."

Majid Saif Al Ghurair, Chairman of the Board of Dubai Chamber, said the Summit has established itself a platform for advancing knowledge-sharing on the Islamic Economy and strengthening the foundations of Islamic economy as a comprehensive system for sustainable economic growth. He affirmed that the Summit has become a convergence point for experts and stakeholders to exchange ideas and perspectives, find practical solutions to industry issues and discuss ways of developing the entire sector.

Hamdan forms Board of Mohammed bin Rashid School of Government

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of Dubai Executive Council, has issued the Executive Council’s Resolution No (52) of 2015 forming the Board of Trustees of Mohammed bin Rashid School of Government chaired by Humaid Mohammed Al Qatami.

The Board of Trustees includes Ahmed Abdallah Bin Byat, Abdullah Abdulrahman Al Shaibani, Tarish Eid Al Mansouri, Dr. Abdulrahman Al Awar, Dr. Khaled Mohammed Al Khazraji, Dr. Tayeb Amanullah Mohammed Al Kamali, Abdullah Mohammed Bin Tawk and Amal Mohammed Bin Adi. The Board is valid for three years and renewable.

This Resolution is valid from November 19, 2015 and will be published in the Official Gazette.

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