
UAE steps up BRICS engagement as Crown Prince leads delegation in Brazil
The Crown Prince met with the UAE team on the sidelines of the summit, held from 6–7 July, and praised their efforts in ensuring the success of the UAE's participation — its second since formally joining the bloc in January 2024.
'Sheikh Khaled welcomed the team, led by Saeed Mubarak Al Hajeri, Assistant Minister of Foreign Affairs for Economic and Trade Affairs and the UAE Sherpa to BRICS, and praised their efforts in ensuring the success of the UAE's participation in the summit for the second time since joining the group in 2023,' WAM reported.
He conveyed the greetings of President Sheikh Mohamed bin Zayed Al Nahyan and 'his best wishes for their continued success in serving the nation and advancing its global standing.'
According to WAM, the Crown Prince also 'reviewed the latest updates related to the UAE's participation in BRICS meetings, as well as ongoing plans and strategies aimed at enhancing cooperation with member countries in economy, trade, and investment.'
On the sidelines of the summit, Sheikh Khaled held talks with Brazilian President Luiz Inácio Lula da Silva. WAM reported that 'Sheikh Khaled underlined the UAE's pride in its strategic relationship with Brazil, built on 'decades of co-operation, mutual respect and shared interests.''
He also 'reaffirmed the UAE's support for constructive dialogue and economic integration as central pillars for achieving global stability.'
Senior officials in the UAE delegation included Reem Al Hashimy, Minister of State for International Cooperation; Dr Thani Al Zeyoudi, Minister of State for Foreign Trade; Mohamed Al Hussaini, Minister of State for Financial Affairs; and other high-ranking diplomats and advisers.
The UAE also participated in the BRICS Finance Ministers and Central Bank Governors Meeting under Brazil's presidency, with Minister Al Hussaini reiterating the UAE's commitment to international dialogue and multilateral frameworks.
The summit took place amid rising global tensions, as BRICS members jointly called for 'an immediate, permanent and unconditional ceasefire' in Gaza and a 'full withdrawal of Israeli forces from the Gaza Strip and all other parts of the occupied Palestinian territories.'
The UAE officially joined BRICS in January 2024, following its invitation in August 2023 alongside Saudi Arabia, Egypt, Iran, Indonesia, and Ethiopia. The bloc, originally comprising Brazil, Russia, India, China, and South Africa, is expanding its influence as a platform for Global South cooperation.
Hashtags

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


Arabian Business
2 hours ago
- Arabian Business
Emirates NBD's zero-fee trading hits $1.4bn in first year
Emirates NBD is celebrating one year since the launch of its zero-transaction-fee trading initiative for UAE-listed equities on its award-winning ENBD X digital wealth platform — a move that has boosted market participation and broadened access to local investments. Since its debut on 26 August 2024, the initiative has delivered impressive results: More than 300,000 commission-free trades executed on the Dubai Financial Market (DFM), Abu Dhabi Securities Exchange (ADX), and Nasdaq Dubai AED5bn ($1.36bn) in total trade volume Access to more than 150 UAE-listed equities via the ENBD X app Emirates NBD trading The zero-fee model has attracted a growing base of first-time investors, young professionals, and everyday savers, helping democratise wealth creation and align with the UAE's 'We the UAE 2031' strategy to deepen capital market development and enhance financial inclusion. ENBD X integrates banking, investment, and advisory services into one seamless digital experience, offering real-time trading, instant onboarding, and customisable price alerts for timely market decisions. Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, said: 'We are pleased to see an outstanding response to the zero-transaction-fee trading initiative that we launched on our digital wealth platforms, accessible via ENBD X. 'One year on, our customers have embraced purposeful investment by investing in local equities. As a leading national bank, we are proud to transform how people invest, by providing an inclusive, accessible, transparent and affordable platform, while also supporting local businesses. 'This has contributed profoundly to the long-term growth of the UAE economy in line with the vision of our wise leadership.' The initiative follows Emirates NBD's earlier launch of fractional bonds on ENBD X, underscoring the bank's commitment to innovation and broadening access to financial markets. By removing barriers to entry, Emirates NBD is positioning ENBD X as a gateway to the UAE's financial future, driving both personal wealth creation and national economic growth.


Arabian Business
2 hours ago
- Arabian Business
Abu Dhabi Airports posts 13% passenger growth in H1 2025 as AUH adds 16 new destinations
Abu Dhabi Airports has reported strong first-half results for 2025, achieving its 17th consecutive quarter of double-digit passenger growth alongside solid gains in cargo volumes and flight movements — reinforcing its position as a key driver of the UAE's economic growth and global connectivity. From January 1 to June 30, 2025, Abu Dhabi's airport network welcomed 15.8m passengers, up 13.1 per cent compared to the same period last year. Zayed International Airport (AUH) accounted for 15.5m of these passengers — a 13.2 per cent year-on-year increase — supported by 93,858 aircraft movements, up 11.4 per cent on H1 2024. Abu Dhabi airport growth Across all five airports in the network, flight movements rose 9.2 per cent to 133,533. In the first half of 2025, Abu Dhabi Airports added 16 new destinations and welcomed new carriers. Highlights include: China Eastern Airlines: Four weekly flights to Shanghai, increasing to daily in September Four weekly flights to Shanghai, increasing to daily in September Air Seychelles: Six flights weekly Six flights weekly Fly Cham: New service to Damascus New service to Damascus IndiGo: Expanded AUH network with new routes to Madurai, Bhubaneswar, and Vishakhapatnam — making AUH its most connected hub in the UAE Elena Sorlini, Managing Director and CEO at Abu Dhabi Airports, said: 'The first six months of this year have posed some operational challenges, yet our expectational mid-year results demonstrate the resilience of our network and the collaborative partnerships that underpin our growth. 'Consistently delivering positive growth for the past 17 quarters is testament to the dedication and collective effort of the entire Abu Dhabi Airports team. It reflects our operational agility and commitment to delivering an exceptional aviation experience and attracting international investors. 'As Abu Dhabi's tourism and trade prospects rapidly advance, our airports are well positioned to support and scale that growth.' Cargo volumes surged, with 344,795 tonnes handled in the first half of 2025. Growth was bolstered by a joint venture with JD Property, part of China's e-commerce giant to develop a 70,000 sqm advanced logistics facility targeting rising east-west demand for e-commerce and specialised cargo across the GCC and MENA. Key H1 2025 achievements include: Completion of rehabilitation works at Sir Bani Yas Airport, supporting Al Dhafra's eco-tourism strategy. AUH earning the 3 Pearl Estidama rating for sustainable construction. AUH winning Best Airport at Arrivals Globally at the ACI ASQ Awards for the third consecutive year. Progress on a Bombardier service facility at Al Bateen Executive Airport, boosting MRO capabilities. A new sustainability-focused agreement with TAQA Distribution to explore next-generation utility technologies across the airport portfolio. As Abu Dhabi Airports advances its long-term growth strategy, it is focusing on global partnerships, major infrastructure expansion, and sustainable innovation, reinforcing the emirate's ambitions as a world-class aviation hub and economic catalyst. Zayed International Airport. Image: Shutterstock


Zawya
5 hours ago
- Zawya
FAB Islamic, Abu Dhabi Housing Authority partner to offer loans to eligible Emiratis
First Abu Dhabi Bank (FAB), through its Islamic and National Housing Loan (NHL) divisions, has announced a significant collaboration with the Abu Dhabi Housing Authority (ADHA) to provide Abu Dhabi government subsidised Islamic home financing to eligible UAE citizens. The service supports the UAE's "Year of Community" initiative which aims to enhance family financial stability and increase sustainable homeownership across the nation. The strategic partnership positions FAB as the key financial partner for ADHA beneficiaries by offering a comprehensive and fully digitalised housing solution. Customers will benefit from a secured FAB NHL loan, combined with additional Shari'ah-compliant home financing from FAB Islamic available at competitive profit rates starting from 3.89% fixed for five years. As part of the agreement, the Abu Dhabi government will subsidise 50% of the profit rate on the additional Islamic home financing (up to AED 500,000). Any financing above this cap will continue to be offered at the lowest available market rate, providing Emiratis with greater financial flexibility and peace of mind. This new FAB Islamic and FAB NHL financial solution supports ADHA's mission to empower UAE nationals with access to affordable housing, aligning with the government's vision to enhance community wellbeing through strategic private sector collaboration. In addition to the subsidised profit rate, eligible customers will enjoy a range of exclusive value-added benefits designed to ensure a seamless home finance experience. FAB's dedicated home finance centres will offer direct access to expert relationship managers, supported by a responsive after-sales service team and helpline. Customers will benefit from a range of services and an instant digital application process for their National Housing Loan through the FAB NHL app, using UAE PASS, without the hassle of visiting a physical branch. Customers will also have the flexibility to partially settle their finance at any point throughout the finance period. The same competitive rate will apply even for customers seeking for Islamic home finance amount above AED500,000, ensuring continued affordability regardless of financing size. New customers who transfer their salary to a FAB Islamic Savings Account or obtain a FAB Emirati Islamic Credit Card will receive AED10,000 in cashback rewards and enjoy a waiver of fees for the first year. Jasim Al Hammadi, Director of Loans and Benefits at the Abu Dhabi Housing Authority, commented, 'At the Abu Dhabi Housing Authority, we are committed to empowering UAE Nationals to choose homes that meet their needs by providing housing finance solutions tailored to the diverse requirements of Emirati families. Through this partnership, First Abu Dhabi Bank offers additional home finance solutions above the AED 1.75 million housing loan amount, for those who wish to apply, with 50% government-supported profit rates. This reflects the Authority's dedication to offering solutions and benefits that meet citizens' needs and promote long-term family stability.' Fahad Al Shaer, Head of FAB Islamic, said, 'FAB Islamic remains committed to building strong community partnerships and delivering market-leading Islamic banking solutions that enable more Emiratis to own, build, or renovate their homes with confidence. Our collaboration with ADHA builds on this commitment, offering a simplified and Shari'ah-compliant home financing solution that supports the UAE's vision for community empowerment. Through this service, we are proud to provide Emirati families with greater financial flexibility, dignity, and peace of mind as they invest in their future homes and create a successful future." Khaled Alzaabi, Head of FAB National Housing Loans, added, 'Our collaboration with ADHA reflects our continued efforts to enhance housing solutions that directly serve the needs of Emirati citizens. By subsidising the profit rate on additional Islamic home financing and strengthening strategical partnerships with trusted suppliers, this solution aims to ease financial pressures and contribute to greater family stability supporting our goal of a more inclusive and empowered community.'