Latest news with #AbdullaBinTouqAlMarri
The Hindu
6 days ago
- Business
- The Hindu
Andhra Pradesh will become a strategic node in ‘India-UAE economic corridor', says UAE Minister Abdulla Al Marri
UAE Minister for Economy & Tourism Abdulla Bin Touq Al Marri has observed that the UAE-India story in these times of global volatility is a different one — that of trust, openness and a long-standing vision. 'We are through global volatility. The context is changing every three months as grey and black swans are emerging. But, the UAE and India are building bridges, not barriers,' Mr. Abdulla Al Marri said on Wednesday (July 24, 2025), expressing confidence that the two countries would together grow towards a resilient future. Addressing an investor meet jointly organised by Investopia, the CII and the AP Economic Development Board in Vijayawada, he said the UAE and India had made rapid strides in bilateral trade after signing the Comprehensive Economic Partnership Agreement in 2021. India became the UAE's third largest trading partner and their non-oil trade was expected to surpass $100 billion by the end of 2030. Non-oil exports to India account for about 13.50% of the UAE's total exports, he pointed out. Talking about Andhra Pradesh, he said the State was known for its entrepreneurial spirit and that he was astonished with infrastructure, the availability of natural resources, especially rivers and its long coastline, and rich human capital. He expressed confidence that A.P. would become a strategic node in the 'India-UAE economic corridor' by virtue of having abundant resources and good connectivity, while promising to facilitate dialogues that would bring in synergies and investments, including venture capital, to the State. Participating in a post-inaugural session, IT & HRD Minister Nara Lokesh pitched the idea of 'data embassies', saying that data centres would act as a nucleus for kickstarting massive economic activities. This was the foresight A.P. had way back in 2017–18, even before the ChatGPT existed in its current form. That was the time when A.P. envisioned Visakhapatnam as the data city of India, he said. 'The last five years have been a setback, but now we are accelerating the journey. We want to lead the entire data revolution in India, and believe Visakhapatnam has the right ingredients,' Mr. Lokesh asserted. Government-to-Government collaborations were critical for India and the UAE to make further progress in their bilateral relations, Mr. Lokesh added.
Emirates 24/7
22-07-2025
- Business
- Emirates 24/7
UAE's ‘Global Sustainable Aviation Marketplace' institutionalised as ICAO annual event
The Council of the International Civil Aviation Organisation (ICAO), during its 235th Session, has officially adopted the UAE's Global Sustainable Aviation Marketplace (GSAM) as an institutionalised annual event under ICAO's official calendar, marking a rare recognition for a state-initiated concept to evolve into a regular, internationally supported platform. First launched in Abu Dhabi in February 2025 on the sidelines of the ICAO Global Implementation Support Symposium (GISS), the GSAM initiative aims to accelerate sustainable practices in global aviation by bringing together stakeholders from across the ecosystem, including airlines, manufacturers, regulators and investors, to drive the adoption of sustainable aviation fuels (SAF), low-carbon aviation fuels (LCAF), and climate finance solutions under the ICAO (Finvest Hub). ICAO's decision reflects the country's dedicated efforts to establish the event and secure its formal integration into the organisation's global calendar. It reflects the UAE's growing influence in shaping the future of sustainable aviation and its ability to deliver scalable, institutional solutions to global challenges. Abdulla bin Touq Al Marri, Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA), said, 'Thanks to the guidance of our wise leadership, the UAE continues to lead the civil aviation sector both regionally and internationally. This achievement reflects the UAE's prominent position on the global civil aviation map and reaffirms its excellence in developing future solutions and creating sustainable and innovative global initiatives that drive the growth and competitiveness of this vital sector while keeping pace with global development needs. "We have succeeded in transforming a national idea into a global institutional platform that supports ICAO's goals and contributes to building a more efficient and resilient aviation ecosystem, in line with the world's best practices.' Saif Mohammed Al Suwaidi, Director-General of the GCAA, stated, 'We are proud that the GSAM initiative, once a national vision, is now a formal ICAO-backed global event. This milestone is a testament to the UAE's strategic focus on sustainability and our belief in inclusive, multilateral collaboration to drive progress." The ICAO Council members praised the UAE's leadership and vision, noting the UAE has a forward-looking vision in taking decisive steps towards achieving sustainability and promoting innovation, presenting a model for the world in how to turn vision into tangible reality. The initiative was proposed by the UAE in 2024 through its permanent mission to ICAO, with a clear goal: to establish a global marketplace that connects policy, technology, and finance to support aviation's transition to net-zero emissions. The idea quickly gained traction and was brought to life by a coordinated effort between the UAE General Civil Aviation Authority, the UAE Permanent Mission team in Montreal, and various local and international partners. Preparations are now underway for the second edition of GSAM, and the event is expected to attract a wide range of global participants and serve as a practical forum for advancing ICAO's Long-Term Aspirational Goal (LTAG) of net-zero carbon emissions by 2050.
Zawya
21-07-2025
- Business
- Zawya
UAE and United States sign Statement of Intent to launch joint patent grant programme to enhance the efficiency of industrial property services
Abu Dhabi: The Ministry of Economy and Tourism and the United States Patent and Trademark Office (USPTO) signed a joint Statement of Intent to launch a programme aimed at accelerating patent grant procedures in the UAE. The agreement was formalised on the sidelines of the 66th series of meetings of the Assemblies of the Member States of WIPO, held in Geneva. His Excellency Abdulla bin Touq Al Marri, Minister of Economy and Tourism, highlighted that the agreement reflects the UAE's commitment to enhancing the competitiveness of its intellectual property (IP) system by embracing international best practices, particularly in the field of industrial property and patent registration systems. It delivers flexible and effective services that foster innovation, support entrepreneurship, and reinforce the UAE's position as a regional IP rights protection hub. H.E. noted that the partnership with the American side marks a new milestone in accelerating patent grants by fostering international collaboration and adopting advanced operational models. The initiative ensures faster and more effective protection for inventors and entrepreneurs, thereby creating a stimulating environment for innovation and investment in knowledge-based and technological sectors, and preparing the UAE for a future economy driven by creativity. Under the terms of the Statement of Intent, the programme will establish cooperation mechanisms to recognise positive examination results issued by the United States Patent and Trademark Office for corresponding UAE patent applications that comply with national laws. The collaboration forms part of the Ministry's efforts to enhance the industrial property ecosystem, improve procedural efficiency, and provide flexible, high-quality services to inventors in support of the country's business environment. -Ends-
Zawya
11-07-2025
- Business
- Zawya
UAE reaffirms commitment to expanding international partnerships to develop IP and support its contribution to innovation
Abu Dhabi: H.E. Abdulla bin Touq Al Marri, Minister of Economy and Tourism, led the UAE delegation at the 66th series of Meetings of the Assemblies of the Member States of the World Intellectual Property Organization (WIPO). The meetings commenced at the Organization's headquarters in Geneva, Switzerland, and will continue until 17 July. H.E. Bin Touq emphasized that, under the visionary leadership of the UAE, the country has established a world-class intellectual property (IP) protection system, which serves as a cornerstone of its knowledge-based, innovation-driven economy. He highlighted the UAE's comprehensive strategy to modernize IP legislation and policies, ensuring robust frameworks for trademarks, creative works, and innovations that not only safeguard intellectual property but also actively promote its development and growth. H.E. said: 'Over recent years, the Ministry of Economy and Tourism has spearheaded strategic initiatives to foster innovation and safeguard creative ideas, most notably through our comprehensive national IP system. This pioneering framework streamlines procedures, accelerates service delivery across all IP applications, raises awareness about creators' rights protection, and delivers a seamless stakeholder experience in line with international best practices.' Furthermore, H.E. highlighted the launch of the Green IP initiative - a national program aimed at fast-tracking patent examinations for sustainable technologies, underscoring the UAE's commitment to circular economy principles and eco-innovation. He also emphasized ongoing efforts to develop domestic expertise, including the trademark registration agent accreditation program conducted in partnership with the Emirates Intellectual Property Association (EIPA). Additionally, H.E. announced a pioneering initiative to establish an intangible assets financing framework, creating a standardized IP valuation system to improve funding access and liquidity for selected SMEs and startups in the digital and technology sectors. 'The UAE has also introduced a pioneering collective license management system for music rights — a landmark regulatory advancement that brings structure to the entire music value chain, including composition, songwriting, performance, production, and publishing. The Emirates Music Rights Association was awarded the first license, followed by Music Nation. This strategic move aims to foster the sector's growth and develop a knowledge-based creative economy driven by innovation,' H.E. Bin Touq added. In addition, H.E. Bin Touq highlighted the UAE's launch of its first Geographical Indications system — a historic initiative that formally protects distinctive national products tied to specific regions in the country. The inaugural registration phase recognizes four iconic products embodying the UAE's cultural and geographical identity: honey from the Hatta region; ceramics from the Emirate of Ras Al Khaimah; Dabbas dates from the Al Dhafra region; and traditional palm frond products crafted across various emirates, reflecting the nation's rich artisanal heritage. His Excellency added: 'We firmly believe that intellectual property serves as a fundamental catalyst for enhancing the UAE's competitiveness and sustaining its long-term growth. Therefore, we are actively expanding our international partnerships by joining key global treaties and agreements related to intellectual property. Notable among these are the Lisbon Agreement for the Protection of Appellations of Origin and their International Registration, the Budapest Treaty, which fosters a supportive research environment in the field of microorganisms, and the Strasbourg Agreement concerning the International Patent Classification. These steps have contributed to improving the efficiency of the national intellectual property system, expanding the scope of international protection it offers.' His Excellency emphasized the importance of concluding negotiations on the adoption of the Protection of Broadcasting Organizations Treaty and the treaties on Traditional Knowledge and Traditional Cultural Expressions, following the successful adoption of the Genetic Resources Treaty and the Riyadh Design Law Treaty. He reaffirmed the UAE's full support for the organization's ongoing efforts in this regard. The UAE is actively considering the proposal to host an external office of WIPO in the country, in line with its status as a regional and global hub for innovation and technology. His Excellency further underscored the importance of advancing dialogue on the inclusion of the Arabic language within the Madrid System, as this would foster greater linguistic diversity and empower Arabic-speaking communities to fully access and benefit from the Organization's services. The Minister of Economy and Tourism concluded his remarks by reaffirming the UAE's commitment to continuing constructive cooperation with the Organization and its member states to strengthen international IP protection, support the growth of creative economies around the world, and keep pace with the digital transformations in this vital sector. UAE's IP sector continues to achieve record-breaking results His Excellency reviewed key indicators demonstrating the continued growth of the UAE's national IP system. He highlighted that by the end of May 2025, the total number of registered national and international trademarks exceeded 385,774. In addition, registered IP works recorded a growth of 33.23 per cent during the first five months of this year compared to the same period in 2024. In 2024, the Ministry recorded an increase in the total number of national and international trademark registration applications, which reached 33,874 from 31,288 in 2023, representing an 8 per cent growth. Furthermore, the number of registered trademarks nearly doubled during the same year, rising to 31,535 from 16,712 in 2023, achieving an impressive 89 per cent growth. Between January and May 2025, a total of 15,179 new trademarks were registered. Regarding copyrights, the UAE recorded a 28.93 per cent increase in IP registrations in 2024, reaching a total of 2,763 IP works compared to 2,143 in 2023. This growth highlights the rising public awareness on the importance of protecting authors' rights, as well as the increasing confidence of creators and innovators in the country's legislative framework. Recent indicators also show sustained growth in the industrial property sector, driven by enhanced legislations and streamlined procedures. The number of patent and utility certificate applications increased to 3,622 in 2024, compared to 3,415 in 2023, reflecting a 6 per cent growth. From January to May 2025, applications saw a further increase of 19.43 per cent compared to the same period in 2024. As for industrial designs, the number of applications grew from 1,134 in 2023 to 1,252 in 2024, reflecting an annual growth of 10.41 per cent. The sector witnessed a remarkable 70 per cent surge in design applications during the first five months of 2025 compared to the same period last year, highlighting the UAE's attractive investment environment and the growing interest of companies and inventors in protecting their innovations.
Hi Dubai
26-06-2025
- Business
- Hi Dubai
Etihad Credit Insurance Secures AED 174 Million to Boost SME Exports Through Xport Xponential
Etihad Credit Insurance (ECI) has raised AED 174 million in working capital through its flagship 'Xport Xponential' programme, marking a major step in supporting the global expansion of UAE-based small and medium-sized enterprises (SMEs). The funding, secured in collaboration with four banking partners, was announced at the programme's official closing ceremony. Backed by First Abu Dhabi Bank, Commercial Bank of Dubai, Ajman Bank, and Al Maryah Community Bank, the initiative aims to strengthen the UAE's non-oil economy by giving SMEs the financial tools to compete globally. The programme aligns with the country's 'We the UAE 2031' strategy, which targets AED 800 billion in non-oil exports and AED 4 trillion in trade volume over the next decade. Minister of Economy and ECI Chairman Abdulla Bin Touq Al Marri hailed the initiative as pivotal in enhancing the role of SMEs in the UAE's economic diversification efforts. ECI CEO Raja Al Mazrouei echoed this, emphasizing the programme's role in connecting local businesses with international buyers and enabling export readiness through trade finance and insurance solutions. Launched in May 2024 during the 'Make It in the Emirates' forum, Xport Xponential shortlisted 10 SMEs from 42 applicants. These companies, which have generated AED 2.1 billion in revenue, are now eyeing expansion into Indonesia, India, Saudi Arabia, and Oman—markets with a combined export potential of AED 31.3 billion across ten sectors. Implemented with 19 strategic public and private partners, the programme has spurred a 27% increase in ECI's institutional collaborations, underlining its growing role in creating a resilient export ecosystem. News Source: Emirates News Agency
