Abdullah bin Zayed meets Secretary of Economy of Mexico
19 June 2025 10:36
MEXICO CITY (WAM) His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, on Thursday met with Marcelo Ebrard, Secretary of Economy of Mexico, as part of his working visit to Mexico City.During the meeting, bilateral relations were reviewed, and ways to enhance cooperation in the economic and investment sectors were discussed. Opportunities to expand collaboration in key areas such as energy, advanced technology and food security were also explored.His Highness Sheikh Abdullah bin Zayed affirmed the depth of UAE-Mexican relations and underscored the UAE's keenness to build a robust economic partnership that serves mutual interests and supports comprehensive development and sustainable economic prosperity in both countries.As part of the visit, a Memorandum of Understanding was signed between the UAE Ministry of Investment and the Secretariat of Economy of Mexico concerning investment cooperation between the two countries.The MoU was signed by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Marcelo Ebrard, Secretary of Economy.Another MoU was signed between the Federation of Chambers of Commerce and Industry of the UAE and the Mexican Business Council for Foreign Trade, Investment and Technology regarding the establishment of the joint UAE-Mexican Business Council.The memorandum was signed by Saeed Mubarak Al Hajeri, Assistant Foreign Minister for Economic and Trade Affairs, and Sergio Contreras, Executive President of the Mexican Business Council for Foreign Trade, Investment and Technology.The terms of reference for negotiating a Comprehensive Economic Partnership Agreement between the UAE and Mexico were signed by Dr. Thani Al Zeyoudi and the Mexican Secretary of Economy.
The meeting was attended by Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation; Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Saeed Mubarak Al Hajeri, Assistant Foreign Minister for Economic and Trade Affairs; and Salem Rashed Alowais, UAE Ambassador to the United Mexican States.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
38 minutes ago
- Khaleej Times
Informa Connect Academy and CIPD join forces to deliver CIPD learning programmes to the MENA market
Informa Connect Academy has partnered with the CIPD, the world's leading professional body for people development, to provide access to globally recognised HR and L&D professional development opportunities to the MENA region. The collaboration comes at a crucial time when organisations worldwide are navigating complex workplace transformations, from AI integration to evolving employee expectations. The CIPD, with its impressive network of over 160,000 members globally, brings its century-long expertise in championing better work and working lives to this partnership. "This partnership represents a significant milestone in professional development across our region. By combining Informa Connect Academy's extensive reach with CIPD's prestigious learning programmes, we're creating unprecedented access to world-class HR education. Our comprehensive course portfolio will empower professionals to drive organisational success through effective people management," states Shabnam Rawal, managing director, Informa Connect Middle East. Stuart Dunlop, market director, CIPD, added: "We are thrilled to partner with Informa Connect Academy to deliver the CIPD's learning portfolio to the MENA market. This collaboration significantly expands our ability to deliver market-leading professional development across key markets in the MENA region. In today's rapidly evolving workplace, HR professionals need both theoretical knowledge and practical skills to lead their organisations through change. This partnership ensures they have access to the highest quality learning and development opportunities provided by a globally recognised HR professional body." Professionals enrolling in these CIPD programmes will unlock a wealth of career-enhancing opportunities. These comprehensive programmes will boost career prospects whilst providing invaluable access to CIPD's extensive global network and resources. Participants will acquire practical, immediately applicable skills that make a real difference in their daily work, supported by flexible learning options designed to fit around busy professional schedules. The programmes not only enhance earning potential through globally recognised learning but also offer direct access to cutting-edge HR practices and research, ensuring participants stay at the forefront of industry developments. This combination of practical knowledge, professional recognition, and networking opportunities creates a powerful foundation for career advancement in the dynamic field of HR and people management. The partnership launches with an innovative suite of courses designed to address current market demands: Each course has been carefully curated to provide practical, applicable knowledge that meets the evolving needs of modern organisations. The programmes combine CIPD's world-renowned curriculum with Informa Connect Academy's innovative delivery methods, ensuring an engaging and effective learning experience.
The National
an hour ago
- The National
UAE foreign direct investment hit $45bn in 2024 on economic diversification boost
The UAE, the Arab world's second-largest economy, received Dh167 billion ($45.5 billion) in foreign direct investment last year, and the country has its sight firmly set on achieving its aggregate FDI target of Dh1.3 trillion by 2031. The 48 per cent annual FDI rise in 2024 is a 'international vote of confidence in the UAE's economy', Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said on X on Thursday, citing a report issued by the UN Conference on Trade and Development. 'The UAE accounted for 37 per cent of the total foreign investment flows in the region … (Out of every $100 that comes as foreign investment to the region, $37 of it goes to the UAE),' he said. The country, also ranked second globally in the number of new foreign direct investment projects, after the US, he added. Last November, the UAE launched a strategy to double its cumulative FDI to Dh1.3 trillion in the next six years as it continues to push to diversify its economy. The investment strategy launched at the annual meetings of the UAE government in Abu Dhabi, also aims to triple the cumulative FDI balance to Dh2.2 trillion by 2031, and targets key sectors such as advanced manufacturing and renewable energy. 'We have a clear development agenda drawn up by Mohammed bin Zayed. We have a unified team committed to his instructions, and we have a people united around their leadership. This is the secret to our success,' Sheikh Mohammed said. 'Our message from the UAE: development is the key to stability … and the economy is the most important policy.'
Zawya
an hour ago
- Zawya
World Bank expects 4.9% growth for UAE economy in 2026, 2027
The World Bank has projected that the UAE's economic growth will continue on an upward trajectory, reaching 4.6 percent in 2025 and stabilising at 4.9 percent during 2026 and 2027. The World Bank confirmed that the UAE's non-oil sectors continue to play a key role as a main driver of growth, with an expected growth rate of 4.9 percent in 2025. According to the latest edition of the Gulf Economic Update (GEU) issued by the World Bank, which is based on information available as of 1st June, economic growth in the GCC countries is expected to rise in the medium term, reaching 3.2 percent in 2025 and 4.5 percent in 2026. According to the World Bank, strong expansion in non-oil sectors is contributing to the growth achieved by Gulf economies. According to the latest edition of the GEU, the region witnessed notable economic growth of 1.7 percent in 2024, compared to 0.3 percent in 2023. The report noted that the non-oil sector continued to demonstrate its resilience, with a 3.7 percent increase. This growth was significantly driven by private consumption, investment, and structural reforms implemented in GCC countries. In Bahrain, growth is expected to stabilise at 3.5 percent in 2025, while economic growth in Kuwait is expected to recover significantly and reach 2.2 percent in 2025. Growth in the Sultanate of Oman is expected to gradually accelerate to 3 percent in 2025, compared to 1.7 percent in 2024, 3.7 percent in 2026, and 4 percent in 2027. The report expects economic growth in Qatar to remain stable at 2.4 percent in 2025, compared to 2.6 percent in 2024, before accelerating to an average of 6.5 percent in 2026–2027. In the Kingdom of Saudi Arabia, the World Bank report expects economic growth to continue recovering to 2.8 percent in 2025 and reach an average of 4.6 percent in 2026–2027. The World Bank report also highlighted the challenges associated with uncertainty surrounding global trade, noting that the risk of a global economic slowdown continues to negatively impact the region. It recommended accelerating reforms aimed at diversifying economic activity and enhancing regional trade to mitigate these risks in GCC countries. Safaa El Tayeb El-Kogali, Division Director for the GCC countries at the World Bank, said 'The resilience of GCC countries in navigating global uncertainties while advancing economic diversification underscores their strong commitment to long-term prosperity.' She added, ""Strategic fiscal policies, targeted investments, and a strong focus on innovation, entrepreneurship, and job creation for youth are essential to sustaining growth and stability." The report titled "Smart Spending, Stronger Outcomes: Fiscal Policy for a Thriving GCC', discusses the effectiveness of fiscal policy in ensuring macroeconomic stabilization and encouraging growth. The topic is particularly relevant as oil price fluctuations strain budget balances in several countries across the region. The report finds that government spending in the GCC region has effectively stabilized economies, especially during recessionary episodes. The findings show that a 1-unit increase in fiscal spending can boost non-hydrocarbon output by 0.1-0.45 units in the region.
