The authority has urged everyone to investigate accuracy of such clips
gulf1 hour ago
Saudi Arabia and the United Arab Emirates have unveiled a raft of economic deals, including in the defence industry, as the Gulf powerhouses look to boost ties.
The two Gulf nations signed 20 memoranda of understanding for over 60 joint projects to be implemented over the next five years in sectors including oil and gas, banking, nuclear energy and defence.
The projects were approved at a meeting of the Saudi-Emirati Coordination Council in Jeddah on Wednesday night, chaired by Saudi Crown Prince Mohammed bin Salman and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
"The Saudi-Emirati Coordination Council provides the ideal model for bilateral cooperation between countries while supporting the Gulf Cooperation Council joint work system," said a statement by the Saudi information ministry after Wednesday's meeting.
The joints projects also include investments in the petrochemical sector, unified food security projects and creating a $1.4 billion agricultural investment firm. The strategy calls for setting up a joint fund for nuclear energy and a bilateral council to coordinate well over $1.3 trillion in foreign investments.
Speaking on the UAE and Saudi ties, Sheikh Shakhbout bin Nahyan bin Mubarak Al Nahyan, UAE Ambassador to Saudi Arabia, said that holding the first meeting of the Saudi-Emirati Coordination Council in Jeddah and the signing of MoUs reflect the strategic relations between the UAE and Saudi Arabia.
He added that the bilateral ties between the two countries could be described as the strongest, most understanding and unified in terms of opinions in the region, due to the directives of the President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz.
Sheikh Shakhbout said the meeting confirms that the directives of the leadership of both countries are unified in a variety of topics. He also noted that he is looking forward to developing their ties to benefit their people, especially as they are both political and economic powers and are united by many mutual stances and overall cooperation, to promote the process of development and face future challenges.
Sheikh Shakhbout praised the strategic ties between the UAE and Saudi Arabia while stressing that the directives of President Sheikh Khalifa are based on a historic Emirati vision established by the late Sheikh Zayed bin Sultan Al Nahyan to promote the UAE's key ties with Saudi Arabia.
The authority has urged everyone to investigate accuracy of such clips
gulf1 hour ago
To date, the country has delivered more than 31,000 tonnes of urgent humanitarian supplies
world1 hour ago
The municipality has been helping out residents combat the same in their day-to-day life by sharing information about preventive measures
uae2 hours ago
The Prime Minister hardened his rejection of Hamas demands for an end to the Gaza war
world2 hours ago
Rainfall received in the UAE on May 2 was not as intense as the one on April 16 with significant weather events unlikely in the near future
uae2 hours ago
Two days after Ibrahim's death, the mother dreamt of him pointing to a part of his body — which turned out to be the same spot where he suffered severe injury
uae3 hours ago
Israel had claimed in January that an Al Jazeera staff journalist and a freelancer killed in an airstrike in Gaza were 'terror operatives'
world3 hours ago
In April, nearly 58 per cent of property buyers were looking for apartments while 42 per cent searched for villas or townhouses
uae4 hours ago