Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE-Luxembourg ties gaining steam across all sectors  Join our daily free Newsletter

MENAFN - Khaleej Times - 24/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN -Khaleej Times) despite bilateral trade touching 83m in 2012 the two countries have greater ambitions given the untapped opportunities that the destinations offer

Uae minister of economy sultan bin saeed al mansouri stressed that the bilateral relationship between the uae and luxembourg is witnessing significant progress across the economy trade and investment sectors and holds high potential for further collaboration.


Sultan bin saeed al mansouri and nicole bntnar bakeshian during their meeting. — supplied photo


He also pointed out that non-oil trade between the two countries is on the rise. despite bilateral trade touching 83 million in 2012 he pointed out that the two countries have greater ambitions given the untapped opportunities that the destinations offer.


Al mansouri’s comments came during a meeting with nicole bntnar bakeshian ambassador of the grand duchy of luxembourg to the uae. urging luxembourg to step up its marketing and promotion initiatives in the uae to highlight its investment opportunities as a distinctive tourist destination the minister additionally suggested developing an action plan to promote mutual trade and bilateral relations between the two countries. the first step he recommended would be to identify suitable investment opportunities and activate the role of the business community in the middle east and europe.


He also confirmed the uae’s desire to organise joint activities and bilateral business meetings to help establish a strong platform for dialogue that serves the national interests of both sides. al mansouri specifically highlighted the need to invest in the small and medium enterprises sector as a key component to strengthening any economy creating jobs and laying a solid foundation for projects based on creativity and innovation.


Bakeshian reiterated luxembourg enabling business legislations that make it attractive for foreign direct investments. she added that luxembourg shares many similarities with the uae in terms of diversity multi-national investments and the strategic location of the country as a re-export and cargo storage hub. commending the uae’s expo 2020 winning bid she articulated luxembourg’s keenness to be part of the mega global event. she also invited al mansouri to visit luxembourg to explore the investment opportunities available in the country and enhance new synergies.


— business?khaleejtimes.com

 


Khaleej Times




  MENA News Headlines
 Nov 22 2014 - Egypt to offer projects to domestic, foreign investorsAFP
(MENAFN - AFP) Egypt will offer a slew of projects to domestic and foreign investors at a conference in March aimed at kick-starting an economy battered by years of political unrest, the prime ...

 Nov 22 2014 - Qatar's Torrente and Carella finish second and fifth in UAEThe Peninsula
(MENAFN - The Peninsula) The Qatar Team's Shaun Torrente and Alex Carella finished second and fifth respectively in a processional Grand Prix of Abu Dhabi, the penultimate round of the 2014 UIM F1 ...

 Nov 22 2014 - Qatar's GDP expands by 6.3 percentMENAFN
(MENAFN) According to Qatar's Prime Minister and Interior Minister, the country's gross domestic product (GDP) expanded by 6.3 percent, The Peninsula Qatar reported.The minister attributed the growth ...

 Nov 22 2014 - Emirates targets double-digit passenger growth in FY 2014-15MENAFN
(MENAFN) Emirates Airlines is targeting double-digit passenger growth in its current financial year despite a first quarter operational slowdown and an unstable global environment, Gulf News ...

 Nov 22 2014 - US- ReceptionThe Peninsula
(MENAFN - The Peninsula) US Secretary of Defence Chuck Hagel (left), welcomes the Minister of the National Guard of Saudi Arabia, Prince Mitib bin Abdullah bin Abdulaziz Al Saud at the Pentagon in ...

 Nov 22 2014 - Egypt- Appeal for releaseThe Peninsula
(MENAFN - The Peninsula) Lois (right) and Juris Greste, parents of Al Jazeera's Australian journalist Peter Greste, arrive at a press conference to appeal to Egypt's President Abdel Fattah Al Sisi ...

 Nov 22 2014 - Bahrain oppn urges end to power monopolyThe Peninsula
(MENAFN - The Peninsula) Bahrain's Shia opposition warned yesterday ahead of elections that failure by the kingdom's Sunni rulers to loosen their grip on power could trigger a surge in violence.The ...

 Nov 22 2014 - Germany- Merkel rejects unilateral Palestinian recognitionThe Peninsula
(MENAFN - The Peninsula) Chancellor Angela Merkel yesterday rejected the idea of Germany recognising Palestine as a state unilaterally, saying the Palestinians and Israel could solve their ...

 Nov 22 2014 - Qatar- Children's rights highlightedThe Peninsula
(MENAFN - The Peninsula) Children highlighted their rights and need to be protected from violence during activities organised in various public places in Doha to celebrate Universal Children's Day. ...

 Nov 22 2014 - Qatar- Philippine official warns over maids' rightsThe Peninsula
(MENAFN - The Peninsula) Manpower agencies and employers who violate the Household Service Workers Policy Reform Package will face penalties, visiting Philippine Labour Secretary Rosalinda Baldoz ...

more...


 






Google

Click to Apply

 
 

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