
UAE and Croatia explore ways to strengthen bilateral economic relations and boost partnerships in tourism, technology, and renewable energy
Meeting discusses exchange of expertise in the development of regulatory frameworks that support the new economy
H.E. Abdulla bin Touq Al Marri, UAE Minister of Economy, held a bilateral meeting with H.E. Ante Šušnjar, Croatia's Minister of Economy and Sustainable Development, to explore the strengthening of cooperation across various economic sectors. The meeting took place during H.E. Bin Touq's official visit to several European countries, aimed at strengthening partnerships and boosting cooperation in sectors such as the new economy, tourism, and advanced technology.
H.E. Bin Touq explained that the UAE continues to enhance its economic openness and diversify its global partnerships, including those with emerging economies in Europe. He noted that the UAE and Croatia have a common vision for collaboration in several key strategic sectors such as renewable energy, logistics, and creative industries, which presents opportunities for new partnerships.
H.E. emphasized that both countries have great economic potential that can be leveraged, particularly in the tourism sector, which is one of the most promising industries in both economies. The sector provides valuable opportunities for exchanging expertise and experiences that set the UAE and Croatia apart in the global tourism and travel landscape.
H.E. Bin Touq highlighted that the meeting is happening at a time when both countries are focused on cultivating a flexible and attractive business environment for investment and fostering dialogue between their business communities. In this context, H.E. urged the private sector to explore promising opportunities and develop communication channels between the UAE and Croatian markets, aligning with their shared aspirations for sustainable economic development.
The Minister of Economy said: 'We look forward to exchanging best practices with the Croatian side in development policies, which will contribute to the sustainable development efforts of both countries, particularly in light of the recent growth in our economic and investment exchanges.'
In addition to discussing several key topics, the meeting also explored avenues for collaboration in infrastructure, logistics, and the exchange of expertise in the development of regulatory frameworks that support the new economy.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mid East Info
8 hours ago
- Mid East Info
Policy Shortcomings Puts SAF Production at Risk - Middle East Business News and Information
The International Air Transport Association (IATA) announced that it expects Sustainable Aviation Fuel (SAF) production to reach 2 million tonnes (Mt) (2.5 billion liters) or 0.7% of airlines' total fuel consumption in 2025. 'While it is encouraging that SAF production is expected to double to 2 million tonnes in 2025, that is just 0.7% of aviation's total fuel needs. And even that relatively small amount will add $4.4 billion globally to the fuel bill. The pace of progress in ramping up production and gaining efficiencies to reduce costs must accelerate,' said Willie Walsh, IATA's Director General. The Problem with the Use of Mandates: Most SAF is now heading toward Europe, where the EU and UK mandates kicked in on 1 January 2025. Unacceptably, the cost of SAF to airlines has now doubled in Europe because of compliance fees that SAF producers or suppliers are charging. For the expected one million tonnes of SAF that will be purchased to meet the European mandates in 2025, the expected cost at current market prices is $1.2 billion. Compliance fees are estimated to add an additional $1.7 billion on top of market prices—an amount that could have abated an additional 3.5 million tonnes of carbon emissions. Instead of promoting the use of SAF, Europe's SAF mandates have made SAF five times more costly than conventional jet fuel. 'This highlights the problem with the implementation of mandates before there are sufficient market conditions and before safeguards are in place against unreasonable market practices that raise the cost of decarbonization. Raising the cost of the energy transition that is already estimated to be a staggering $4.7 trillion should not be the aim or the result of decarbonization policies. Europe needs to realize that its approach is not working and find another way,' said Walsh. IATA's Role in Supporting the Development of a Global SAF Market To support the development of a global SAF market, IATA has worked on two initiatives: A SAF registry managed by the Civil Aviation Decarbonization Organization (CADO) that brings a transparent and standardized system for tracking SAF purchases, usage and associated emissions reductions in compliance with international regulations such as Carbon Offsetting Scheme for International Aviation (CORSIA) and the EU Emissions Trading Scheme. The SAF Matchmaker that will facilitate SAF procurement by matching airline requests for SAF with supply offers. Urgent Action by Governments Is Needed IATA urges governments to focus on three areas: Creating more effective policies. Eliminating the disadvantage that renewable energy producers face compared with big oil is necessary to scale renewable energy production in general and SAF production in particular. This includes redirecting a portion of the $1 trillion in subsidies that governments globally grant for fossil fuel. Develop a comprehensive approach to energy policy that includes SAF. Firstly, advancing SAF production requires an increase in renewable energy production from which SAF is derived. Secondly, it also requires policies to ensure SAF is allocated an appropriate portion of renewable energy production. A wholistic approach should support joint use of infrastructure, co-production and other measures that will benefit the energy transition for aviation and for all other economic sectors. Ensure the success of CORSIA as the sole market-based mechanism to address international aviation's CO2 emissions. IATA urges governments to make Eligible Emissions Units (EEUs) available to airlines. To date Guyana is the only state to have made their carbon credits available for airlines to purchase and claim against their CORSIA obligations. Focus on India: India, one of the emerging economies on the world stage today, is the third-largest oil user after the US and China. India launched the Global Biofuels Alliance to position biofuels as a key to energy transition and economic growth. This includes a target for 2% SAF blending for international flights by 2028 with enabling policies such as guaranteed pricing, capital support for new projects, and technical standards. IATA will be working with the Indian Sugar & Bio-Energy Manufacturers Association (ISMA) and Praj Industries Limited, to provide guidance on global best practices for life cycle assessment of the use of feedstocks in the country. As the third-largest global civil aviation market, India can strengthen its leadership in biofuels with the accelerated adoption of SAF through progressive policies.


Egypt Today
13 hours ago
- Egypt Today
Egypt's Garment Exports Jump by 25 Percent in April
CAIRO – 1 June 2025: Egypt's ready-made garment exports rose sharply by 25 percent in April 2025, reaching $223 million, up from $179 million in April 2024, according to a statement released by the Garments Export Council. The Council reported that total exports for the sector between January and April 2025 amounted to $1.028 billion, marking a 22 percent increase compared to the same period last year. This growth underscores Egypt's strengthening position in the global textile market. The United States retained its status as the largest importer of Egyptian garments, with total imports reaching $384 million, reflecting an 11 percent rise from $345 million during the same period in 2024. European countries came in second, with exports increasing by 39 percent to $259 million, compared to $186 million a year earlier. Exports to Arab countries also posted a 6 percent gain, totaling $190 million, up from $180 million in the corresponding period of the previous year. One of the most notable trends was the 101 percent growth in exports to non-Arab African markets, signaling a significant expansion into new African destinations. At the same time, exports to other global markets climbed by 50 percent, reaching $190 million, compared to $127 million in the same period of 2024. Commenting on these figures, Fadel Marzouk, Chairman of the Ready-Made Garments Export Council, stated that the export performance reflects a positive trajectory and the gradual recovery of the sector. He attributed this progress to rising global demand, broader market outreach, and the Council's continuous efforts to improve the competitiveness of Egyptian garments on the international stage. Marzouk also emphasized that the Council is targeting an annual export growth rate of 30 to 35 percent, supported by training programs, expansion of the SME base, increased promotion in international markets, and continued work to remove obstacles facing exporters.


See - Sada Elbalad
a day ago
- See - Sada Elbalad
EU Seeks to Help Egypt Build Forests to Combat Climate Change
Taarek Refaat Hany El Kateb, Presidential Advisor for Agricultural Affairs said that several European countries are interested in helping establish forests in arid regions, particularly in Egypt. The presidential advisor explained that there are four major projects proposed to establish tree forests in Egypt. El-Kateb added, during a call-in on one of the TV channels, that planting trees and forests has many benefits, and that what has been established in Egypt has been wasted. He added that Egypt does not have the idea of establishing forests, calling for the establishment of tree forests, which would help combat climate change. He continued: In the mid-1990s, a pioneering project was implemented using wastewater to grow timber trees. It was one of the most successful projects, but it was wasted. El-Kateb pointed out that the trees were irrigated with wastewater, while at the same time we provided them with the necessary fertilizer through nutrients found in wastewater, such as nitrogen and phosphorus. "We now have very high biomass and high growth rates with the presence of sunlight, which led to a large production that no one expected," he concluded. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan