Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE Russia agree to boost trade ties  Join our daily free Newsletter

MENAFN - Khaleej Times - 08/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) In his inaugural speech al mansouri said that the uae ?is convinced the trade exchange and joint investment between the two countries are below expectations given potentials and good relations between the two countries?.

shurooq made the most out of the chance to highlight sharjah’s varied and unique investment opportunities. — supplied photo

the uae and the federal republic of russia have agreed to extend bilateral relations to wider horizons through exploring new economic and investment opportunities in different development sectors.

uae minister of economy sultan bin saeed al mansouri and minister of regional development of the russian federation igor slyunyayev signed a memorandum of understanding during the inauguration of the uae-russian business forum in moscow to strengthen the bilateral cooperation in areas of economy and investment.

in his inaugural speech al mansouri said that the uae “is convinced the trade exchange and joint investment between the two countries are below expectations given potentials and good relations between the two countries”.

he called for both sides to exert more efforts to attract investments through the promotion of projects and setting up of joint projects in areas of economy industry trade and investment adding that the uae is looking forward to benefiting from advanced russian technology in the areas of industry agriculture and energy to enter into the russian market.

al mansouri said the uae accounts for more than two-thirds (67 per cent) of the voume of trade exchange between the gcc states and russia. the volume of trade exchange between the uae and russia had tripled during the past 10 years; it surged during the past year by more than 3 billion at a growth rate of 90 per cent compared to 2012.

he noted that there are 350 joint projects between emirati and russian businesspersons in the uae. meanwhile hundreds of russian companies opened representative offices in the uae. the uae’s investments in russia touched about 18 billion.

for his part the russian minister called for upgrading the level of trade and investment cooperation between the two countries to keep abreast with huge economic potentials and bilateral relations.

sharjah highlighted

meanwhile a high-ranking trade delegation from sharjah including representatives from the sharjah investment and development authority or shurooq has concluded its participation in the kazan summit 2014 in tatarstan and the uae-russia business forum in moscow which were held from june 5 to 7 as part of the uae trade delegation that was led by al mansouri.

sharjah’s participating delegation included abdulaziz almidfaa deputy director of economic relations and public relations at the sharjah department of economic development; mohammed al musharakh head of investment promotion at shurooq; khalid bin butti bin obaid assistant director-general for membership and branches at the sharjah chamber of commerce and industry; and jassim eissa almutawa coordinator of relations with the cis countries at the sharjah chamber.

with inputs from wam


 


Khaleej Times




  MENA News Headlines
 Sep 26 2016 - Egypt's banking sector needs new policies to thrive: Booz Allen HamiltonDaily News Egypt
(MENAFN - Daily News Egypt) Booz Allen Hamilton released a report entitled The New Economic Norm: How Egyptian Banks Must Adapt to Thrive, in which analysts gave their recommendations on how Egypt's ...

 Sep 26 2016 - Egypt- Administrative Court upholds Interior Minister's limited surveillance project on social mediaDaily News Egypt
(MENAFN - Daily News Egypt) The Administrative Court upheld on Sunday the decision by the Minister of Interior to implement a limited surveillance project named 'security risks of social media ...

 Sep 26 2016 - Egypt- National Security arrests members accused of spreading 'pessimistic atmosphere'Daily News Egypt
(MENAFN - Daily News Egypt) Four alleged members of Crisis Cell, affiliated to the outlawed Muslim Brotherhood group, pleaded guilty to charges directed to them by National Security agents, according ...

 Sep 26 2016 - Egypt- Government about to pass new investment law based on investors' demandsDaily News Egypt
(MENAFN - Daily News Egypt) Governmental sources said that the Ministry of Investment is preparing a new investment law to substitute the Investment Guarantees and Incentives Law no.17 of 2015. The ...

 Sep 26 2016 - 'Sinai Province' continues to kidnap and kill citizens in North SinaiDaily News Egypt
(MENAFN - Daily News Egypt) In the past two days, three residents from Rafah city have been kidnapped by militants who are believed to be members of the militant group 'Sinai Province', a resident ...

 Sep 26 2016 - Egyptian junior basketball team wins Arab Championship, comes 2nd in African ChampionshipDaily News Egypt
(MENAFN - Daily News Egypt) Egypt's junior basketball team for under 18 won the Arab Juniors Basketball Championship, which was held at the Egyptian Olympic Athletes Club (El-Olympi) in ...

 Sep 26 2016 - 'SME Beyond Borders—the Missing Middle' starts Monday in CairoDaily News Egypt
(MENAFN - Daily News Egypt) The much anticipated SME Beyond Borders conference is set to open Monday in Cairo at the Nile Ritz Carlton Hotel on the subject of ...

 Sep 26 2016 - Egypt- The imminent real estate bubbleDaily News Egypt
(MENAFN - Daily News Egypt) Real estate marketers and developers expect another imminent bubble due to the continuous increase of real estate unit prices, reaching a level that exceeds the abilities ...

 Sep 26 2016 - Will government intervention bridge the housing gap in Egypt?Daily News Egypt
(MENAFN - Daily News Egypt) The main mission before the Ministry of Housing is the provision of shelter for citizens for different income segments through subsidised projects for low-income ...

 Sep 26 2016 - Egypt- Ministry seeking to overcome slow growth in real estate sector in past years: Mostafa MadboulyDaily News Egypt
(MENAFN - Daily News Egypt) As the Ministry of Housing works to put together a strategy to revitalise the real estate sector and provide housing for low- and middle-income citizens, some believe that ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help