UAE-Kuwait ties deep, continuously evolving: Ambassador
Dr. Matar Hamed Al Neyadi, UAE Ambassador to the State of Kuwait, said that the bonds between the UAE and Kuwait are deeply rooted and continue to grow, thanks to the close attention and support from the leadership of both fraternal nations.
In statements to the Emirates News Agency (WAM) on the sidelines of the Arab Media Forum in Kuwait, Al Neyadi said, 'The high-level reciprocal visits between the two countries reflect the strength and depth of their relations."
He pointed to the fifth session of the UAE-Kuwaiti Joint Higher Committee, held last September in Abu Dhabi, during which several agreements and memoranda of understanding were signed across various fields. These, he said, reflect the shared aspirations of both nations to achieve greater progress, development, and prosperity.
Al Neyadi also noted the increase in non-oil trade between the UAE and Kuwait in the first quarter of this year compared to the same period last year. He attributed this to the growing interest from investors, businesspeople, and the private sector in exploring mutual investment opportunities across diverse sectors.
Expressing his delight at the UAE being chosen as the Guest of Honour at the 20th edition of the Arab Media Forum, the Ambassador emphasised that the UAE has made significant strides in the media sector. He underscored the country's belief that media is a vital partner in building a knowledge- and innovation-driven society and plays a key role in strengthening the UAE's regional and global stature.
'The UAE's participation in Kuwait today with a high-level media delegation from both the public and private sectors, led by Abdulla bin Mohammed bin Butti Al Hamed, Chairman of the National Media Office, carries important significance and reflects the UAE's commitment to this major forum,' Al Neyadi stated. He added that the UAE's participation brings considerable value to shaping the future directions of both Arab and international media.
The UAE is participating as the Guest of Honour at this year's Arab Media Forum, with a prominent delegation representing both governmental and private media institutions. This recognition highlights the UAE's esteemed position and its progressive media sector that keeps pace with global advancements.
The forum also includes collaborative sessions with the Arab Thought and Culture Forum in Abu Dhabi, focusing on the evolving impact of technology on media platforms.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
3 hours ago
- The National
Money & Me: ‘Seeing our business break even has been a milestone'
Sisters Chandini and Chanchal Guria came together to work on their passion for health and bootstrapped their business, Ekaya Wellness Studio, in Dubai last year. The yoga and Pilates instructors previously had separate careers, with Chandini, 34, employed as a journalist, while Chanchal, 30, was working in property management. The Indian siblings arrived in the UAE from Hong Kong in 1998, after their father moved to the country for work. Chanchal completed her bachelor's degree in finance accounting and management at the University of Nottingham, in the UK. Chandini went to the London College of Fashion, where she obtained her bachelor's degree in fashion design and development. But writing was her passion, so she joined Dubai Week as a journalist and also worked with insydo Dubai. After spending five to six years in the industry, she felt burnt out and decided to become an entrepreneur. The sisters started selling yoga mats and launched Meow Yoga, an e-commerce brand, as a side business. They currently live with their parents and brother in The Meadows, Dubai. Did wealth feature in your childhood? What did you learn from it? Chanchal: Wealth was a bit up and down. The reason we shifted from Hong Kong to Dubai was because my dad went out of business there, and he got a job here. Dubai wasn't so expensive back then, so we were on a saving curve. From a young age, our mother would tell us not to buy stuff – that put it in our heads that money is quite important and we're short on it. During the global financial crisis, our money was stuck in property. We saw some bad times. We had to move out of our house into a small apartment. And then, we rebounded. It taught us to know our limits, save when possible, but also enjoy it when you have the money. Don't spend on things you don't need. But there's nothing wrong indulging yourself once in a while. Chandini: Although we went through ups and downs, our father always tried to make sure all our needs were met, and it taught me the importance of hard work and a support system. What did your first job pay? Chandini: As a junior writer with Dubai Week, I earned Dh6,000 ($1,633) a month in 2015. Chanchal: In 2016, I interviewed with Nakheel and was hired as a property management co-ordinator on a starting salary of Dh9,500, and I worked there for nearly five years. Any early financial jolts? Chandini: When I quit my job, I didn't realise that living on your own savings and starting a business is expensive, so I ran out of money really quickly. How do you grow your wealth? Chandini: I'm still at a point where I need to save money before I focus on growing my wealth. My future plan is long-term investments, such as in properties and companies that I believe in. Chanchal: I don't have a lot of investments either. I have savings accounts. Investing in our wellness business was the first step in growing our wealth. We hope to see our income grow after a year and a half and then open up the next centre. Are you a spender or a saver? Chandini: Even though I'm a spender, I have no regrets because most of the things I pay for are about my well-being, such as massages, workouts and wellness activities. Chanchal: I'm the complete opposite. I love to save money, but I do feel like spending on yourself and for the right thing – it is important to splurge a little sometimes to have a good time. You have to enjoy what you earn. It's OK to go out and have nice dinners once in a while, but not to do it every single day. Have you been wise with money? Chandini: I'm pretty wise with money. It sounds a bit contradictory to my statement that I'm a huge spender, but I do it for the right reasons, and I have no regrets about what I spend on. So even though my savings aren't huge, I think I am wise with money. Chanchal: I like to always keep track of what I'm spending on in an Excel sheet, as I studied accounting and I'm obsessed with numbers. What has been your best investment? Chandini: It's nice having a business where you are supporting staff and the community. But my best investment is my Kindle. I can't even describe how much joy it brings. Chanchal: Definitely, our business Ekaya, considering the time and effort we put into it. It pays back in different ways. And we've already hit break even. Any cherished purchases? Chanchal: I just bought myself a new car, so I'm obsessed with that. It's the Range Rover Velar. Any financial advice for your younger self? Chandini: I grew up as a shy, quiet kid who never really stood up for herself. I would tell my younger self to not be scared to ask for what you deserve, whether it's a raise or a promotion. What luxuries are important to you? Chandini: The most important luxury to me is spending quality time with my family and friends. Chanchal: One of the biggest luxuries is finding time for yourself. I have started to find time to do things that make me happy, such as getting a massage once a week and scheduling time to play badminton. What are your financial goals? Chandini: My goal has always been to become financially independent. I want to be able to support and care for my family alone. Chanchal: My financial goal is to be independent. I would also like to see our business grow as much as possible. In one and a half years, I hope we're able to open a second location. Any key financial milestones?
Sharjah 24
4 hours ago
- Sharjah 24
UAE emerges as global leader in peaceful nuclear energy
This comes at a time when the world is increasingly turning to reliable energy sources that can support the transition to climate neutrality. A collaborative and transparent approach From the outset, the UAE adopted a collaborative and open approach, forging robust international partnerships, most notably with the Republic of Korea and the United States, to drive forward its nuclear ambitions. Mohamed Al Hammadi, Managing Director and Chief Executive Officer of Emirates Nuclear Energy Corporation (ENEC), highlighted the international stature of the UAE's peaceful nuclear energy programme. He highlighted the country's success in developing a global model for integrating nuclear power into a diverse and innovative energy portfolio. Visionary leadership and a defined roadmap Al Hammadi noted that this achievement is rooted in the visionary leadership of the UAE, a clearly defined roadmap, and a firm commitment to the highest standards of safety and transparency, underpinned by strong international cooperation. In statements to the Emirates News Agency (WAM), Al Hammadi added that the UAE has been a pioneer in international cooperation and coordination within the nuclear energy sector. He pointed to the country's significant efforts in this vital field, which culminated during COP28 with over 30 nations pledging to triple global nuclear energy capacity by 2050 as part of the drive toward climate neutrality. Additionally, nearly 120 companies and banks worldwide committed to supporting this ambitious goal. Innovation and technological advancements He also highlighted the innovative model of international cooperation between the UAE and the U.S, which addresses the demands of the modern era and its rapid technological advancements, particularly in the fields of artificial intelligence and data centres. Al Hammadi emphasised that securing clean and reliable energy sources, such as nuclear power, is essential to support initiatives like the ''Stargate UAE'' project. Launched by a consortium of tech companies, the initiative aims to position Abu Dhabi at the forefront of the global AI revolution. Institutional leadership and knowledge transfer For their part, key UAE entities, led by the Emirates Nuclear Energy Company (ENEC) and the Federal Authority for Nuclear Regulation (FANR), play a central role in advancing the UAE's nuclear programme. Through a robust network of strategic and technical international partnerships, these institutions have facilitated knowledge transfer, experience exchange, and the development of specialised human capital. Strategic partnership with South Korea Cooperation with the Republic of Korea has served as the cornerstone for the successful development of the Barakah Nuclear Energy Plant. Over time, this partnership has expanded to include new investment opportunities in international ventures, including the deployment of Small Modular Reactors (SMRs). On the regulatory front, the UAE's Federal Authority for Nuclear Regulation (FANR) maintains agreements with its Korean counterpart covering joint inspections and capacity building. These ties are further strengthened through regular meetings to monitor technological advancements and regulatory developments. Expanding ties with the United States With the United States, the UAE has signed a series of strategic agreements aimed at advancing nuclear innovation and sustainability. These include a Memorandum of Understanding with the U.S. Department of Energy's Idaho National Laboratory (INL) to develop solutions for producing hydrogen, water, and steam at the Barakah Nuclear Energy Plant. The UAE has also partnered with TerraPower to support the development of advanced reactors and signed an MoU with General Atomics (GA), a leading US advanced technology solutions company, to collaborate on using advanced technologies and materials for nuclear energy supply. Most recently, a partnership was announced with GE Vernova to jointly evaluate the deployment of the BWRX-300 Small Modular Reactor (SMR) technology internationally. Exploring cooperation with China As part of its efforts to expand its network of strategic partnerships, the UAE is actively exploring avenues of cooperation with China in the development and operation of nuclear power plants, both domestically and in third countries. Areas of collaboration include the operation and maintenance of nuclear facilities, the development of high-temperature gas-cooled reactors, nuclear fuel supply chains, and investment opportunities. Strengthening nuclear governance In parallel, FANR has strengthened its ties with counterpart agencies through agreements that enhance cooperation in nuclear safety, security, non-proliferation, and capacity building, further reinforcing the UAE's commitment to global nuclear governance. Expanding international presence In a move that underscores the expanding international footprint of the UAE's nuclear programme, ENEC has signed a cooperation agreement with Romania. As part of the agreement, the UAE will support the development of a Small Modular Reactor (SMR) project in Romania, backed by an investment of $275 million. Regional leadership and partnerships The UAE continues to affirm its leadership as a regional model for countries pursuing nuclear energy as a strategic option. The UAE and the Kingdom of Saudi Arabia have concluded the first bilateral cooperation initiative in the nuclear regulatory industry. The cooperation follows the 2019 agreement on the Peaceful Use of Nuclear Energy between the two nations. This was followed by regulatory partnerships focused on exchanging expertise, enhancing legislative frameworks, and strengthening emergency preparedness. Cooperation with Egypt Further expanding its regional outreach, the UAE and Egypt have signed a Memorandum of Understanding (MoU) at COP28. The MoU sets the framework to explore opportunities for cooperation in advancing the use of peaceful nuclear energy and knowledge exchange.
Arabian Business
4 hours ago
- Arabian Business
Dubai ranked number 1 globally for creative industry FDI
Dubai has once again been named the world's top destination for greenfield foreign direct investment (FDI) in the cultural and creative industries (CCI), securing the No. 1 spot in the Financial Times fDi Markets rankings for 2024. This marks the third consecutive year the emirate has outperformed global cities like London, Singapore, and New York. In 2024, Dubai attracted 971 creative sector projects, an 8 per cent increase from 2023, bringing in AED18.86bn ($5.1bn) in capital, up nearly 60 per cent year-on-year. Dubai foreign investment in creative industries These investments generated 23,517 new jobs, highlighting the city's growing appeal as a creative economy powerhouse. Key sectors driving this growth include: Advertising and PR Film production Gaming Education AI-powered software design According to the Dubai FDI Monitor, greenfield, wholly-owned ventures made up 76.5 per cent of all projects, reflecting strong investor commitment. The United States led with 23.2 per cent of capital inflows, followed by India, the UK, Switzerland, and Saudi Arabia. India stood out in job creation and project volume. Pro-business reforms, like allowing free zone firms to operate onshore and slashing bureaucracy, combined with robust IP laws and cutting-edge infrastructure, continue to make Dubai a magnet for global creatives and investors. As outlined in the 'Creative Dubai' report, the city is emerging as a global hub for design, immersive tech, and AI innovation—cementing its reputation as a leading destination for creative enterprise in 2025 and beyond.
