Quotes: US 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 volume 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


 






  MENA News Headlines
 Aug 30 2014 - Syrian rebels attack peacekeepers in Golan HeightsArab News
(MENAFN - Arab News) BEIRUT: Clashes erupted between Al-Qaeda-linked Syrian rebels and UN peacekeepers in the Golan Heights on Saturday after the militants surrounded their encampment activists and ...

 Aug 30 2014 - World's first digital currency from Ecuador central bankArab News
(MENAFN - Arab News) QUITO: Ecuador is planning to create what it calls the world's first digital currency issued by a central bank which some analysts believe could be a first step toward abandoning ...

 Aug 30 2014 - Japan's 'Golden Bolt': 103-year-old challenges world's fastest manArab News
(MENAFN - Arab News) KYOTO Japan: Closing in on his 104th birthday a twinkle-toed Japanese sprinter has thrown down the challenge to the world's fastest man Usain Bolt telling him: 'let's ...

 Aug 30 2014 - Cricket: Sri Lanka overpower Pakistan to win ODI seriesArab News
(MENAFN - Arab News) DAMBULLA: Seamer Thisara Perera claimed 4-34 and Tillakartane Dilshan hit an unbeaten 50 as Sri Lanka trounced Pakistan by seven wickets in the final one-dayer on Saturday to ...

 Aug 30 2014 - EU's Barroso warns Ukraine crisis near 'point of no return'Arab News
(MENAFN - Arab News) BRUSSELS: EU Commission head Jose Manual Barroso warned on Saturday that the crisis in Ukraine was reaching the point of no return after reports Russian troops were fighting in ...

 Aug 30 2014 - Egypt court gives 8 Brotherhood leaders life sentencesArab News
(MENAFN - Arab News) CAIRO: A Cairo court has sentenced Muslim Brotherhood spiritual leader Mohammed Badie and seven others to life in prison on charges of planning riots murder and sabotage Egypt's ...

 Aug 30 2014 - Various projects enhance tourist potential in DuqmMuscat Daily
(MENAFN - Muscat Daily) The Special Economic Zone at Duqm is witnessing implementation of many tourism projects that strengthen the potentials of the zone to attract tourists and ...

 Aug 30 2014 - Ruthless activities of IS 'against islamic principles'Arab News
(MENAFN - Arab News) KOZHIKODE: The ISIS or their self proclaimed Khalifates/Islamic state does not represent Islam by any means Sheikh Aboobacker Ahmed general secretary of All India Sunni ...

 Aug 30 2014 - Back to school: Students aim to scale new heightsArab News
(MENAFN - Arab News) An estimated 5.6 million boys and girls will go to school in the Kingdom when schools reopen after the summer and Ramadan vacations on Sunday.In a statement to the Saudi Press ...

 Aug 30 2014 - Al-Asheikh: Name and shame fraudstersArab News
(MENAFN - Arab News) Grand Mufti Abdul Aziz Al-Asheikh called for drafting a list of those who are involved in forging real estate deeds valued at SR400 billion. 'Their names should be made public to ...

more...


 






Google

Live Currency Rates

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help